SIGN IN SUBSCRIBE

News Update

GST - Failure to avail the opportunity granted is different from failure to grant an opportunity of hearing - Fault lies with petitioner and he cannot blame the department - Petition dismissed: HCGST - Orders came to be passed behind the back of the petitioner - No steps taken to serve notices through physical mode but made available only under tab 'View Additional notices' - Matter remanded subject to petitioner depositing 10% of disputed tax: HCGST - When two opinions are possible, the one which is advantageous to the assessee should be taken - Matter remitted: HCGST - Not only has the competent authority failed to notice or engage with the reply which was submitted but has proceeded on the incorrect premise that no response had been submitted at all - Order set aside: HCCus - Assessees were held entitled to seek redemption of gold seized from them on their appearance before requisite authority, after complying with prescribed conditions: HCKVAT - addition of purchase turnover of old gold to estimated sales turnover erroneous as it results in duplication of turnover, where purchases were of old ornaments melted for creation of new ones: HCCBDT issues FAQs on Revised Guidelines for compounding of offencesST - Service tax demand confirmed against appellant citing forged agreements, misdeclaration of taxable services and deliberate tax evasion: CESTATCurfew imposed in Nagpur after violence erupts over Aurangzeb rowST - Rectification of O-i-O is invalidated where AO seeks to revisit & change findings, which goes beyond scope of Sec 74 of Finance Act 1994, which only permits correction of mistakes apparent & clerical errors: CESTATIsrael triggers avalanche of air strikes at Gaza as Ceasefire fails; 66 killedCX - Genuine refund claims should not be denied due to procedural technicalities when clear evidence of double duty payment is provided: CESTAT9th India-Australia Defence Policy talks held in New DelhiCX - The amount deposited during an investigation is not a pre-deposit under Section 35FF but a revenue deposit making it eligible for interest at 12% per annum: CESTATTaiwan detects 9 Chinese warships & 59 aircraft encircling island countryCus - Aircraft engine stands should be classified under CTH 8609 00 00 as 'containers for transport' rather than under CTH 8716 39 00 as 'trailers,' thereby setting aside the demand for differential customs duty: CESTATTrump urges Putin not to slaughter Ukrainian troopsCus - Royalty & technical fees need not be included in transaction value of imported goods, as they are not a condition of sale for imported items: CESTATGovt e-Marketplace surpasses Rs 5 Lakh Crore GMVCus - Dabur India Ltd's refund claim is upheld for excess CVD paid on imports holding that company had borne the duty burden itself and did not pass it on to consumers, thereby overcoming the bar of unjust enrichment: CESTATAustralian patient is first to survive for 100 days with titanium heartI-T - Allowance in respect of bad debts u/s 36(1)(vii) is allowable only if debt was taken into account for computing income of assessee in previous year in which amount is written off: HCH7N9 bird flu outbreak spreads to more cities in USI-T- Delay in filing ITR ought to be condoned where factors such as issues in I-T portal & operational challenges due to COVID pandemic, were not considered: HCNo directive to mining companies to review EIA for carbon emissions: MinisterI-T - If assessee has not proved genuineness of purchases, which inter alia include source of making payment for such purchases, such case calls for addition u/s 69C: HCPM Modi joins Trump-owned social media platform Truth SocialI-T - AO can initiate reassessment proceedings for year which has already been assessed u/s.143(3), if material information was not disclosed correctly & truly by assessee: ITATMoS inaugurates QUAD Workshop on pandemic preparedness for Indo-Pacific RegionI-T - No TDS is applicable u/s 194C on fuel charges paid by assessee if same was reimbursed on cost-to-cost basis: ITATDoval chairs meet of intelligence heads, including three from Five Eyes AllianceI-T - AO can't disallow commission expenses incurred by insurance company, without examining PAN details along with related documents placed on record by way of additional evidence under Rule 29: ITATFirst things First - The DIN!
 
India Post Bank provides Seamless Banking Services to devotees

 

By TIOL News Service

NEW DELHI, FEB 15, 2025: INDIA Post Payments Bank (IPPB), a Government of India undertaking, is proud of its pivotal role in providing seamless digital banking services to millions of devotees and pilgrims at Mahakumbh 2025, Prayagraj. As the world's largest spiritual gathering, Mahakumbh attracts people from all walks of life. IPPB, with its customer-centric approach, is enabling access to comprehensive banking services for all, ensuring convenience, safety and security of financial transactions. IPPB has established service counters, mobile banking units, and customer assistance kiosks at 5 key locations throughout Mahakumbh. These facilities are designed to handle high footfalls efficiently.

On IPPB's ongoing initiative at the Mahakumbh, Mr. R. Viswesvaran, MD & CEO-IPPB, said "We at India Post Payments Bank are honoured to provide our seamless banking services on the sacred grounds of Mahakumbh 2025, Prayagraj. It fills me with great joy to witness the immaculate integration of banking services with one of the world's largest and most revered spiritual gatherings. We take immense pride in our role as a catalyst for digital transformation, empowering the  devotees at Prayagraj with our effortless banking services. This initiative is a testament to our commitment to serving all, ensuring that financial accessibility is no longer only for a select few but available to all during this transformative spiritual journey."

Additionally, IPPB's trusted Daak Sevaks are providing doorstep banking services. They are ensuring that devotees can access essential financial support like Cash Withdrawal from any of their Aadhaar linked Bank Account through IPPB's Aadhaar ATM (AePS) service without disruption by reaching at their precise location. The devotees can utilise the 'Banking at Call' facility by IPPB to procure desired line of services wherever they are within the Mahakumbh grounds. They can simply dial 7458025511 to access multitude of banking requirements at their disposal.

In line with the Government of India's Digital India vision, IPPB is also empowering local vendors, small businesses, and service providers at Mahakumbh by enabling them to accept digital payments through its DakPay QR Cards. This initiative fosters a cashless ecosystem, reducing dependency on cash and enhancing overall efficiency in transactions.

Further, to ensure maximum outreach, IPPB has launched awareness campaigns at Mahakumbh to educate pilgrims and vendors about its services. Trained professionals and Daak Sevaks are stationed at key locations to assist with account openings, transactions, and resolving queries. Information hoardings and digital demonstrations are also being utilised to familiarize attendees with IPPB's offerings. It is also offering free printed photograph to every visitor as a memorabilia to be carried back to their homes.

About India Post Payments Bank

India Post Payments Bank (IPPB) has been established under the Department of Posts, Ministry of Communication with 100% equity owned by Government of India. IPPB was launched on September 1, 2018. The bank has been set up with the vision to build the most accessible, affordable and trusted bank for the common man in India. The fundamental mandate of India Post Payments Bank is to remove barriers for the unbanked & underbanked and reach the last mile leveraging the Postal network comprising ~1,65,000 Post Offices (~140,000 in rural areas) and ~3,00,000 Postal employees.

IPPB's reach and its operating model is built on the key pillars of India Stack - enabling Paperless, Cashless and Presence-less banking in a simple and secure manner at the customers' doorstep, through a CBS-integrated smartphone and biometric device. Leveraging frugal innovation and with a high focus on ease of banking for the masses, IPPB delivers simple and affordable banking solutions through intuitive interfaces available in 13 languages to 11 Crore customers across 5.57 lakh villages & towns in India.

IPPB is committed to provide a fillip to a less cash economy and contribute to the vision of Digital India. India will prosper when every citizen will have equal opportunity to become financially secure and empowered. Our motto stands true - Every customer is important, every transaction is significant and every deposit is valuable.

 

 


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
Shri Shailendra Kumar reading Citation for Sir Ratan Tata.

TOP NEWS


AR not Afar by SK Rahman

VISION 360



Shri Vijay Kumar delivering welcome address at TIOL Congress 2025.


Justice C V Bhadang addressing the gathering at TIOL Congress 2025.

TII LATEST

TIOLCORPLAWS LATEST