This service would enable its customer to securely store documents and images and download them at anytime from any location
ICICI Securities has launched 'ICICIdirect eSafe' on its online broking platform, ICICIdirect This service would enable its customer to securely store documents and images and download them at anytime from any location.
ICICIdirect eSafe offers free 25MB online space to each of its 2.2 mn customers to store documents in easy-to-use online folders in portable document format (PDF) and image (jpg) formats. Customers can use eSafe to store scanned copies of your Passport, PAN, Agreements or even medical reports under your ICICI direct account. eSafe also be used as a storage and retrieval account for back up and safe keeping.
"ICICIdirect eSafe helps eliminate the need to carry copies of important documents either as a physical photo copy or in storage devices like compact disks, USB token etc. It is a secure, confidential, convenient and flexible option to our customers to store and retrieve important documents on the go," said Vineet Arora, Head of products and distribution.
ICICI Securities is one of the largest integrated securities firms in India covering the needs of corporate and retail customers through investment banking, institutional broking, retail broking and financial product distribution businesses.
Moneylife Foundation decided to take the issue of hardships faced by bank depositors due to TDS and sent a memorandum to authorities.
Moneylife Foundation has sent a memorandum which highlighted the issue of charging Tax Deduction at Source (TDS) on interest earned on bank deposits.
Seeing the response of the readers of the article "TDS is not only tedious, it is sheer harassment. Government must make interest from banks free from income-tax" published on the Moneylife website, it was clear that TDS on bank deposits is detested by many.
Moneylife Foundation thus decided to take up the matter with the concerned officials and prepared a Memorandum on TDS titled "Income Tax Deduction at Source (TDS) on interest earned on deposits with bank causes tremendous hardship".
The memorandum has been sent to the Pranab Mukherjee, Finance Minister, RS Gujral, Finance Secretary, DK Mittal, Banking Secretary, Dr D Subbarao, Governor, RBI, Kishori Udeshi, chairperson, Banking Codes and Standards Board of India (BCSBI), Dr KC Chakrabarty, Deputy Governor, RBI and MD Mallya, chairman, Indian Banks' Association (IBA).
Click below to see the memorandum, sent by Moneylife Foundation…
There is speculation that Maruti may well use the lockout to move from the current landlocked location to a place near a seaport, which could be Gujarat, an auto hub. This will free up priceless land in Haryana as well
Maruti-Suzuki has been affected by a debilitating strike at its Manesar plant, followed by a lockout. The situation seems to be going from bad to worse. While mainstream media appears to be going by press releases as well as toeing what appears to be a mix of the company's and Haryana state government's line, on the ground it seems that the issues are deeper. Could it be that Maruti will actually gain from its current troubles, by relocating to a place like Gujarat which has two vibrant seaports?
Maruti-Suzuki may well need a complete transformation and the lockout may well be the catalyst for it. The "new" Maruti Swift was supposed to provide the much needed booster shot that Maruti-Suzuki was looking for. This is now in doubt, as production is certainly impacted, with the manufacturer taking what appears to be a very inflexible stance.
Decades of a dominant position, certainly misused in some cases, has brought in a sort of arrogance in Maruti-Suzuki's dealings with all segments of society, including the media. Couple that with the simple realities and facts of doing business in Haryana lately, where people are comparing the present regime to what used to happen in the "ABC" (Chautala) days, and you have the beginnings of what appears to be the end of an innings.
On another note, the value of the real estate owned and controlled by Maruti-Suzuki now far exceeds anything that anybody could have dreamt of even in their wildest dreams. Is that a reason for the continuing problems? On the other hand, the lack of a manufacturing or assembly unit near a seaport, is now beginning to tell on the bottom-line.
Another aspect not being reported in the media has to do with how working conditions at the Manesar plant are apparently worse than a steel-mill sweatshop.
These issues stayed below the radar as long as Maruti preserved its market domination. This is now coming to an end. An imminent price war with competitors will require rapid action. So, the lockout may just be one of those steps that works out very well for the company.
Think about it in cold numbers: If it shuts down a couple of plants in Haryana, rapidly leverages excess capacity in other states closer to seaports (Gujarat), it could re-invent the company.