The National Payment Corporation has launched its e-commerce solution, RuPay PaySecure which would enable RuPay cardholders to make online payments. RuPay was, until now, available only through ATMs and at POS (points of sale); it has now developed into a fully developed e-commerce platform.
After taking steps to discourage gold imports, the Reserve Bank of India has now moved to controlling its consumption. It has asked banks neither to convert purchases through credit cards into EMIs nor to permit purchase of gold coins from banks using credit cards. Also, the finance ministry wants public-sector banks to completely stop such sales. So, you won’t find aggressive salesmen asking you to buy gold coins from banks.
Now, you need not have an Aadhaar number to avail any benefits from Employee Provident Fund Organisation (EPFO). Other than EPFO, schemes under ESIC have also been excluded from Centre’s direct benefit transfer (DBT) programme. Since Aadhaar has been introduced for distributing subsidies and grants, it would not be applicable to any provident fund schemes. Earlier, EPFO had asked its field officers to ensure that they collect the Aadhaar number of members joining on or after 1 March 2013 and those of existing members by 30 June 2013. EPFO had also decided to seek the Aadhaar numbers of its pensioners through their banks. According to the new notification, if the member does not have an Aadhaar number, the employer can issue him an enrolment ID as per the guidelines of EPFO which would be converted into an Aadhaar number later.