Recently, the government asked banks to install additional 10 lakh PoS terminals by March 31.
New Delhi: Government will waive service tax on debit and credit card transactions of up to Rs 2,000 in a bid to promote digital transactions amid cash crunch following withdrawal of old Rs 500 and 1,000 banknotes.
The government has decided to “exempt services by an acquiring bank to any person in relation to settlement of an amount up to Rs 2,000 in a single transaction transacted trough credit, debit card or other payment card service”, sources said.
A notification to this effect will be tabled by Finance Minister Arun Jaitley in Parliament.
Following demonetisation of old high value notes, there has been a cash crunch in the country as people have been making a beeline for banks and ATMs to withdraw new currency.
The government has been taking steps to promote cashless or digital transactions to take India towards a less-cash economy.
Recently, the government asked banks to install additional 10 lakh PoS terminals by March 31 in different parts of the country.
The service tax notification of June 2012 will be amended to include exemption on credit and debit cards, the sources added.
As of now, services provided by organisations such as United Nations and other international bodies are exempt from tax.
A range of other services provided by arbitral tribunals, testing of newly developed drugs, educational institutions, trade unions, general insurance business and sports bodies, among others, too are exempt from the levy.
Those who happened to be visiting Flipkart’s website on Friday were greeted by an unfamiliar sight – a banner listing the sale of OnePlus 3 smartphones for under Rs. 20,000. Now, Flipkart has explicitly detailed that the OnePlus 3 will be available for as low as Rs. 18,999, which is Rs. 9,000 cheaper than the current price of the phone on Amazon India, the exclusive retail partner for the smartphone. The sale will start at 4pm on December 18. However, before you get excited about this price drop, you should be aware of all the facts.
As many would know, OnePlus has an exclusive tie up with Amazon, not Flipkart, to sell its products in India. So it does come as a surprise that Flipkart would list the OnePlus 3. In fact, the banner managed to surprise OnePlus Co-Founder and CEO Carl Pei himself, who took to Twitter to express his doubts about the whole matter to Flipkart Co-Founder Sachin Bansal, saying “What’s this? We’re exclusive with Amazon.”
Since Pei’s tweet, neither Flipkart nor Bansal have provided a clear reply. When asked for a comment, Flipkart told Gadgets 360 that “Flipkart is a marketplace which helps sellers connect with customers across the country. All our sellers are mandated to adhere to stringent guidelines. The prices and discounts for all our sales are decided by the participating sellers and brands.”Flipkart’s rather vague statement did not clarify whether the OnePlus 3 smartphones being sold on its site are genuine or not. From the looks of it, the limited number of OnePlus 3 smartphones will be sold on Flipkart from third-party sellers, but without an official warranty, though it’s hard to be certain.
OnePlus has cautioned interested buyers against the sale saying, “We have an exclusive partnership with Amazon in India. We advice customers to purchase OnePlus products only through official channels as we cannot guarantee the authenticity of the products sold elsewhere.”
The OnePlus 3 was launched in June and we found very little fault with the flagship. However, the OnePlus 3 had a very short lived stint in the limelight, having to make way for the OnePlus 3T just a few months later. In our review, we found that the OnePlus 3T has managed to improved on what was already a very good phone.
For those who were waiting eagerly for a OnePlus 3 price drop, the discount on Flipkart cannot get any better. However, you should make sure you’re buying the real deal along with warranty. Flipkart’s upcoming Big Shopping Days sale kicks off from Sunday.
After launching the Ultra50 in October, Videocon expanded its 4G lineup on Friday after announcing the launch of the Ultra30 smartphone in India. Much like the Ultra50, the Ultra30’s VoLTE support and a large battery pack are its key highlights. The Videocon Ultra30 smartphone has been given a ‘special introductory price’ of Rs. 8,590, and is available exclusively on Snapdeal in a Blue Gold colour variant.
The 4G-enabled Ultra30 runs Android 6.0 Marshmallow and is similar to the Ultra50 in terms of specifications. The smartphone features a 5-inch (720×1280) HD IPS display with MiraVision and DragontrailX 2.5D curved glass. The device is powered by a 64-bit 1.3GHz quad-core MediaTek processor coupled with 32GB of inbuilt storage, which is expandable via microSD card (up to 64GB).
The dual-SIM Videocon Ultra30 smartphone packs a fairly large 4000mAh battery with fast charging. On the camera front, the smartphone features a 13-megapixel rear camera with dual-LED flash, PDAF, and Gorilla Glass lens, and a 5-megapixel front-facing camera with LED flash for low-light selfies. Videocon says the rear camera comes with a Smart Wide Dynamic View (SWDR) and ISOCELL technology “to enable wide angled panoramic shots” and sharp images in low light conditions.The Videocon Ultra30 comes with the usual connectivity features which include 4G VoLTE, Wi-Fi 802.11 b/g/n, Bluetooth 4.0, GPS, and FM radio. Some added features include dual WhatsApp, SOS-be-safe and gesture controls, among others. It measures 144×73.8×9.8mm, and weighs 166.5 grams.
Speaking on the launch, Akshay Dhoot, Head of Technology & Innovation, Videocon, said, “With the launch Ultra30 today, Videocon Smartphone continues to be a brand that constantly innovates in order to offer best in line smartphones. It has been our endeavour to stay ahead and lead the constantly changing.”
Swipe Technologies, soon after launching the entry-level Elite Star, has now unveiled the Elite Max in India. Priced at Rs. 10,999, the all-new Swipe Elite Max is now available to buy exclusively via online retailer Flipkart. The company with its latest offering is targeting “youth, fashion-savvy women, and professionals.” The online retailer claims that the Elite Max is eligible for Jio Happy New Year offer which means it also supports VoLTE (voice-over LTE).
At this price point, the new Swipe Elite Max will be competing against the popular Xiaomi Redmi Note 3 and Moto G4.
For specifications, the Elite Max features a 5.5-inch (1080×1920 pixels) IPS display and runs on Android 6.0 Marshmallow. It supports a hybrid dual-SIM (Micro-SIM + Nano-SIM) configuration. It is powered by a 1.4GHz octa-core Qualcomm Snapdragon 430 processor coupled with 4GB of RAM. The handset packs 32GB inbuilt storage and supports expandable storage up to 64GB via microSD card.It sports a 13-megapixel rear camera with LED flash and PDAF (phase detection autofocus). It also sports an 8-megapixel front camera. The handset comes with a glass back panel and also features a fingerprint sensor at the back. It measures 155×76.6×7.7mm and packs a 3000mAh battery.
Connectivity options apart from 4G LTE include Wi-Fi 802.11 b/g/n, Bluetooth 4.1, GPS, USB OTG, and Micro-USB.
Swipe earlier this week launched the 4G-enabled Elite Star in India. The handset ran on Android 6.0 Marshmallow-based Indus OS and was priced at just Rs. 3,333.
Mumbai: Banks have taken back Rs 12.44 lakh crore ($184.24 billion) of high-value currency that the government abruptly abolished last month, Reserve Bank of India Deputy Governor R Gandhi said on Tuesday.
That represents about 80 percent of the Rs 15.44 lakh crore in 500- and 1,000-rupee notes that were circulating before Prime Minister Narendra Modi abolished them on Nov. 8, in a surprise move targeting counterfeiters and people holding undeclared wealth.
Analysts had estimated that only about 13 trillion of those abolished notes would be deposited at banks, because people with undeclared cash would be wary of attracting the scrutiny of tax authorities.
Indians have until Dec. 31 to turn in their old notes.
Economists said total deposits were likely to reach about Rs 13 lakh crore to Rs 13.5 lakh crore by the end of the year, in line with the estimates.
“The old notes of 500 and 1000 rupees which have been returned back to the Reserve Bank and the currency chest amounted to Rs 12.44 lakh crore as of Dec. 10, 2016,” Gandhi said in a short news briefing.
The RBI has printed some 1.7 billion new 500- and 2,000-rupee notes, which will replace the abolished notes, Gandhi said. That is a fraction of the 24 billion individual notes that were withdrawn.
PM Modi’s action has created a widespread cash shortage that has hit many aspects of the economy, from manufacturing to consumer demand.
But PM Modi says it was necessary to crack down on India’s shadow economy, although Indians have resorted to ingenious ways to try to deposit their undeclared assets, such as splitting up their money and paying others to temporarily park it in their bank accounts.
The government and the RBI have vowed strict action against those believed to be trying to deposit undeclared assets, including tougher scrutiny of all deposits of more than 250,000 rupees.
The RBI on Tuesday also asked banks to keep all CCTV footage from Nov. 8, in another bid to scrutinise depositors.
A source at the Central Bureau of Investigation told Reuters on Tuesday it had arrested an RBI officer in Bengaluru for “unauthorised changing” of Rs 600,000 in old 500- and 1,000-rupees notes.
RBI Deputy Governor S.S. Mundra, at the same news briefing, said a junior central bank official had been “suspended” because “he was recorded to be present in a bank branch where some suspected transaction was happening.”
“We have instituted investigation and due action would be taken once the details are ascertained,” Mundra said.
Lenovo’s Moto brand launched the Moto M smartphone at an event in Mumbai on Wednesday, and the company has made it available on Flipkart from Thursday. The Moto M comes in two RAM/storage variants – 3GB RAM/32GB storage and 4GB RAM/64GB storage – and is priced at Rs. 15,999 and Rs. 17,999 respectively. Flipkart has additionally listed some launch offers to make the purchase of the new smartphone very lucrative.
Flipkart has enabled an exchange offer on the Moto M allowing buyers to swap their old phones for the Moto M, with the discount going up to a maximum of Rs. 15,000. This Moto M exchange discount depends upon the type of phone exchanged. The e-commerce giant is offering an additional Rs. 2,000 off over and above the regular exchange discount as well.
If you purchase the Moto M using an Axis Bank Buzz credit card, you are entitled to an extra 5 percent off, and a Rs 1,000 cashback if you purchase the smartphone using a Citi credit card. Flipkart is also offering EMIs starting from as low as Rs. 776 per month. For the 64GB variant, EMIs start at Rs. 873 per month and supports almost all major banks. Flipkart is also offering the Motorola Pulse 2 wired headset and a chevron shock proof case for the Moto M with a discount of up to 32 percent if purchased along with the Moto M smartphone.
The Moto M is Motorola’s first all-metal smartphone, and the key features include a fingerprint sensor and Dolby Atmos support. The Moto M smartphone features a 5.5-inch IPS display with 2.5D curved glass and full-HD (1080×1920 pixels) resolution. It is powered by the 2.2GHz quad-core MediaTek Helio P15 processor, supports Dual-SIM (Nano-SIM), and runs on Android 6.0.1 Marshmallow. For storage expansion, Moto M users can slip microSD cards of up to 128GB capacity in the secondary SIM card slot.
On the optics front, Moto M has a 16-megapixel rear camera with phase detection autofocus (PDAF), and an 8-megapixel front camera for selfies. The Moto M connectivity suite includes Wi-Fi 802.11ac, Bluetooth v4.1, GPS/ A-GPS, 4G VoLTE (with support for Indian LTE bands), USB Type-C (USB 3.1), NFC, and a 3.5mm audio jack.
The Moto M’s battery is rated at 3050mAh and supports fast-charging; the smartphone measures 151.35×75.35×7.85mm and weighs 163 grams.
Panasonic on Wednesday launched the P88 smartphone in India, with a best buy price of Rs. 9,290. The company says the smartphone is available across retail outlets in the country.
The highlight of the Panasonic P88 smartphone is the presence of a triple-LED flash module alongside the 13-megapixel rear camera, and an LED flash module accompanying the 5-megapixel front camera. The dual-SIM Android 6.0 Marshmallow-based smartphone comes with Android For Work security, and sports a 5.3-inch HD (720×1280 pixels) IPS display with a 2.5D curved glass.
The Panasonic P88 is powered by a 1.25GHz quad-core processor coupled with 2GB of RAM. It comes with 16GB of inbuilt storage that is expandable via microSD card (up to 128GB). Connectivity options include 4G VoLTE, Wi-Fi 802.11 b/g/n, GPS, FM radio, 3G and 4G. The smartphone is powered by a 2600mAh battery.
Sensors on the phone include an accelerometer, ambient light sensor, and a proximity sensor. It is 8.35mm thick, and weighs in at 156 grams. Commenting on the launch, Pankaj Rana, Business Head – Mobility Division, Panasonic India, said, “With the year drawing to a close, the P88 is an affordable 4G smartphone offering for the Indian market. In a first for Panasonic smartphones, the phone comes with a front LED flash for the selfie lovers The phone also comes with an anti-dust receiver to help maintain the phone for longer periods of time. We continue our endeavour to offer differentiated product offerings to our customers.”
The OnePlus 3T is now available to buy in India, with the 64GB inbuilt storage model priced at Rs. 29,999, and the 128GB storage model priced at Rs. 34,999. The new OnePlus 3T smartphone is available from 12:01am IST from Wednesday via exclusive online retailer partner – Amazon India.
While both OnePlus 3T storage variants were launched globally in Gunmetal and Soft Gold variants, the company specified at the time of the India launch that the 128GB variant will only be available in the Gunmetal colour variant in India. The Soft Gold OnePlus 3T variant of the 64GB model will be made available at a later date. To refresh, the OnePlus 3T has minor upgrades over its predecessor, the OnePlus 3 (Review). OnePlus earlier confirmed to Gadgets 360 that it will “continue to sell the OnePlus 3 in India,” which means both smartphones may be available in the market.
The only differences between the OnePlus 3T and OnePlus 3 are a faster SoC, increased storage, an improved front camera, and a larger battery. The OnePlus 3T sports a faster Qualcomm Snapdragon 821 SoC (two cores clocked at 1.6GHz and two cores clocked at 2.35GHz) compared to the Snapdragon 820 SoC on the original. OnepLus 3T comes in both 64GB and 128GB storage models, compared to just a 64GB model on the OnePlus 3.
As for the improved front camera, OnePlus has doubled the resolution of the front camera from 8-megapixel on the OnePlus 3 to 16-megapixel on the OnePlus 3T – whilst also switching sensors from the Sony IMX179 with 1.4-micron pixels to the Samsung 3P8SP with 1-micron pixels.
Finally, the OnePlus 3T gets a larger 3400mAh battery compared to the 3000mAh offering on the OnePlus 3. OnePlus 3T once again supports Dash Charge (5V 4A) fast charging technology.
Everything else about the two smartphones is identical. The OnePlus 3T bears the same anodised aluminium metal unibody design, the same fingerprint sensor on the home button, and the same Alert Slider apart from capacitive hardware keys. OnePlus 3T also comes with the same USB 2.0 Type-C port, and a 3.5mm headphone jack. It sports a 5.5-inch full-HD (1080×1920 pixels) Optic AMOLED display with Corning Gorilla Glass 4 protection. The SoC is coupled with 6GB of LPDDR4 RAM.
Connectivity options on the OnePlus 3T include 4G LTE (with support for India’s LTE bands), Wi-Fi 802.11ac, Bluetooth 4.2, NFC, and GPS/ A-GPS. OnePlus 3T bears the same measurements as the OnePlus 3 at 152.7×74.7×7.35mm, and the same weight at 158 grams.
The new Moto M – Motorola’s first all-metal smartphone – has been launched in the Indian market, and will be exclusively available on Flipkart. The Moto M smartphone has been launched in two variants in India – the 32GB + 3GB model priced at Rs. 15,999, and the 64GB + 4GB version that costs Rs. 17,999.
Both the Moto M variants will go on sale at 11:59pm on December 14. Lenovo is offering Rs. 1,000 discount on Citibank and Rs. 2,000 off on exchange of an old smartphone. Additionally, the company is providing a Rs. 1,000 discount on the Moto Pulse 2 headphones to Moto M buyers.
The Dual-SIM (Nano-SIM), Android 6.0.1 Marshmallow-powered Moto M – the first Motorola smartphone with an all-metal body – has a 5.5-inch IPS display with 2.5D curved glass and full-HD (1080×1920 pixels) resolution. The new Moto packs the 2.2GHz quad-core MediaTek Helio P15 processor under the hood. For storage expansion, Moto M users can slip microSD cards of up to 128GB capacity in the secondary SIM card slot. On the imaging front, Moto M has a 16-megapixel rear camera with Phase-Detection Autofocus (PDAF), and an 8-megapixel front camera for selfies. The Moto M connectivity suite includes Wi-Fi 802.11ac, Bluetooth v4.1, GPS/ A-GPS, 4G VoLTE (with support for Indian LTE bands), USB Type-C (USB 3.1), NFC, and a 3.5mm audio jack.
Moto M’s battery is rated at 3050mAh and supports fast-charging; the smartphone measures 151.35×75.35×7.85mm and weighs 163 grams. Other key features of the new Moto M smartphone are fingerprint sensor and Dolby Atmos support.
Swipe Technologies has launched a new 4G VoLTE smartphone Swipe Elite Star, which runs on Android 6.0 Marshmallow-based Indus OS. The dual-SIM smartphone has been priced at Rs. 3,333 and is already available for purchase exclusively from Flipkart.
The Swipe Elite Star sports a 4-inch WVGA (480×800 pixels) display. The smartphone is powered by a 1.5GHz quad-core processor coupled with 1GB of RAM. The smartphone comes with 8GB of built-in storage, which is further expandable via microSD card (up to 32GB).
In terms of optics, the Swipe Elite Star comes with a 5-megapixel rear camera, tagged with LED flash, and a 1.3-megapixel front-facing camera for taking selfies. The smartphone houses a 2000mAh battery that comes with rapid-charge functionality.
The connectivity options for the Swipe Elite Star smartphone include 4G VoLTE, Wi-Fi, GPS, 3.5mm headphone jack, and Bluetooth. The smartphone measures 125.5×64.6×10.6mm and is available in Black and White colour options. The Swipe Elite Star comes with features such as Indus Swipe, Word and Matra prediction, Indus Reader, Indus Messaging, and a Hybrid Keyboard.
Earlier this year, Swipe announced a partnership with Indus OS alongside Celkon to bring the domestically-made operating system to more devices in the country. The tie-up is in addition to the one Indus OS already enjoys with Micromax.