Portal Financial News

Bank of India launched a Centralised Web Portal called UDGAM (Unclaimed Deposits — Gateway to Access information) to help and make it simpler for people to search for their unclaimed deposits across different banks at one location. The UDGAM portal was launched in August 2023. Also read: UDGAM RBI portal link: How to register, check unclaimed savings account, FD money in these seven banks Initially, the search feature was initially made available on the portal for seven banks, and it was announced to the public that it will be gradually made available for the remaining institutions by October 15, 2023. Now, the RBI has updated the UDGAM portal with a total of 30 banks. According to the RBI press release dated, “The search facility was initially made available on the portal for seven banks and it was intimated to public that the search facility for remaining banks on the portal would be made available in a phased manner by October 15, 2023. The members of public are hereby informed that, the search facility for 30 banks has been made available on the portal on September 28, 2023, which covers around 90% of such unclaimed deposits (in value terms) in Depositor Education and Awareness (DEA) Fund.”

Key Takeaways

I-T department said extensive outreach programmes were carried out to facilitate the taxpayers. “Around 55.4 lakh outreaches were done through e-mails, SMSs, social media, along with information messages on Income Tax portal to create awareness among the taxpayers to file the Tax Audit Reports and other audit forms within the due date," it said.

insurance sector. Bima Sugam aims to simplify the process of purchasing insurance for consumers. This online platform is where customers can choose a suitable scheme from multiple options given by various companies.

If an individual wants to pay various types of income taxes like self-assessment tax, advance tax, etc then he/she needs to fill up challan 280 – the form for depositing these taxes with the government. However, there are two ways to fill up and pay income tax using challan 280, i.e., online and offline.

For the first time since the E. coli outbreak started in Calgary daycares more than two weeks ago, no new cases have been added to the tally.

Nirmala Sitharaman on Tuesday launched Kisan Rin portal along with Weather Information Network Data Systems (WINDS) manual in Delhi. The portal will serve as an integrated hub to offer a comprehensive view of farmer data, loan disbursement specifics, interest subvention claims, and scheme utilisation progress. The finance minister also unveiled the Ghar Ghar KCC campaign to achieve saturation of the scheme.

Nirmala Sitharaman and Agriculture Minister Narendra Singh Tomar will on Tuesday inaugurate the 'Kisan Rin Portal' to help farmers avail subsidised loans under the Kisan Credit Card (KCC).

International Trade Centre (ITC), a United Nations-WTO joint venture, has begun work on developing a prototype of Global Trade Helpdesk to enhance information access for small businesses in line with the G20 plan for trade endorsed at the New Delhi summit, Pamela Coke Hamilton, its executive director, told ET. The ‘Jaipur Call for Action’ under India’s G20 presidency has roped in Geneva-based ITC for “appropriate, aggregated, trade-related information relevant for MSMEs (micro, small and medium enterprises)” available on a single portal and a non-exhaustive list of links to relevant government websites for MSMEs. The New Delhi declaration adopted last week by the G20 leaders had endorsed the proposal. “We will have an initial report on the Global Trade Helpdesk for members next year – to be shared at our annual meeting of stakeholders – and the plan is to work towards building a prototype,” Coke Hamilton said in an interview to ET.

FTX has reopened its customer claims portal, unfreezing user accounts that were affected by a cybersecurity incident in August.

Bankrupt cryptocurrency exchange FTX has restored its customer claims portal, which was previously shut down due to a cyber attack. Claimants can now continue to submit asset claims they held on the exchange prior to it becoming insolvent. 

Matter Labs recently announced the launch of a new ecosystem portal for zkSync, managed by DappRadar, in what both partners are calling a step towards fully decentralizing the protocol. 

Haryana Chief Minister Manohar Lal Khattar on Wednesday launched the new e-Bhoomi portal to further ease the process of purchasing land for government projects with the land owners' consent. The government aims to purchase land in a transparent manner with the consent of the landowners, Khattar said. Now, apart from farmers, aggregators will also be able to offer land on this portal, he added. The aggregator must be an income taxpayer and must have a Parivar Pehchan Patra family ID, the chief minister said. The offer of land on the new portal would be valid for six months.

New Delhi: Over 100,000 companies and limited liability partnerships (LLPs) have been set up using the high security forms introduced this year in the revamped MCA21 statutory filing portal from April to August, showing an improvement of over 11%, the ministry of corporate affairs said in an update, suggesting that the technological upgrade has stabilised after its teething troubles. Data available from the ministry showed that over 92,000 companies and LLPs were formed in the same time a year ago.

challan number, etc. are correctly filled in the income tax challan. Now, the income tax department has launched a new feature on the income tax return (ITR) portal to correct mistakes in the income tax challan. Do keep in mind that you can only use this feature within seven days of making the income tax payment. If the mistake has to be corrected after seven days, the old process (offline method) has to be followed. According to Milin Bakhai, Associate Partner, N.A. Shah Associates, a Mumbai-based chartered accountancy firm, “The new feature of online challan correction is applicable in respect of challan pertaining to AY 2020-21 (FY 2019-20) and onwards. This means that if an individual is making a tax payment related to AY 2020-21 or any year after that now and a mistake has been made. In such a case, specific corrections can be done online within a specified time period instead of visiting the income tax office.”

EPS higher pension was July 11, 2023. The EPFO had provided an online link on the Member Sewa portal for eligible employees to apply for higher EPS pension. A member who meets the eligibility criteria can visit the portal to apply, irrespective of whether the EPF account is held with the private trust or EPFO.Who is an eligible employee to apply for higher EPS pension? The Supreme court in its judgement has specified which category of employees can apply for the higher EPS pension. As per the judgement, an employee is eligible for higher EPS pension if: Member of EPS and/or EPF on September 1, 2014 and continued to remain the same after. Retired prior to September 1, 2014 and was making higher contribution to their EPF account. However, their higher EPS pension request was rejected by the EPFO.

financial markets since 2010. It was founded by a team of passionate analysts, financiers and active traders who wanted to share their experience and knowledge with others. The company does not stand still and is working to expand the quality of services, and the choice of available materials.

fraudsters that would make information accessible in real time to all the banks to prevent digital frauds and provide faster resolution of such issues, people familiar with the development said. They have initiated discussions with the Reserve Bank on the proposed portal, they said. A senior bank executive aware of the developments said the portal will help lenders connect seamlessly on such fraud cases and stop and trace funds being transferred from one account to multiple accounts. «In most cases of digital fraud, money is transferred into multiple accounts spread across various banks and financial entities. This becomes too difficult to trace at times, leading to delays.

National Career Service (NCS) portal of the ministry of labour and employment has registered more than one million active vacancies in August, 2023, both from the public and private sector, paving the way for greater employment opportunities for India’s youth, the ministry said on Monday. This is the highest in the current fiscal with the number of vacancies in May at 0.56 million and 0.76 million each in June and July. Further, the ministry foresees an increase in employment opportunities with an expected surge in demand during the upcoming festive season, leading to a new high in active vacancies in the NCS portal. The vacancies on NCS Portal are mobilized through direct reporting by the employers on the portal and API integration with various private job- portals. “Out of the one million active vacancies, about one third vacancies are notified for the selection of freshers, which would facilitate many young candidates to get employment opportunity just after their education,” the labour ministry said. A significant number of vacancies registered on NCS are for technical support executives, sales executives, data entry operators, logistics executives, software engineers and maintenance engineer, among others. According to the ministry, 51% of the active vacancies have been reported in the finance & insurance sector followed by 13% from the transport and storage sector.

“Income tax department has given an option of pay later when we file income tax return (ITR). Therefore, an individual can file an ITR without paying income tax dues first by using the pay later option,” said CA Abhinit Singh, Founder, Ready Accountant, a Kolkata-based educational institution. Read below to find out how to use the ‘Pay Later’ option on the Income Tax Department’s e-filing portal.

RBI Udgam Portal News: The Reserve Bank of India has launched a centralised web portal – UDGAM (Unclaimed Deposits – Gateway to Access inforMation) – which will enable bank customers to find their unclaimed deposits. In a statement, the RBI said this portal will make it easier for the public to search their unclaimed deposits across multiple banks in one place.