innovationinbanking

#UIDAI, #Aadhaar           More and more residents are using their Aadhaar numbers to authenticate themselves. Basing on Aadhaar authentications, residents can avail a number of services. Total Aadhaar Authentications done as on 29/01/2017 morning - 406,33,95,392 Day by day, residents using Aadhaar authentication is on the increase. In simple terms, Aadhaar Authentication is a process by which Aadhaar number along with Aadhaar holder’s personal information (biometric/demographic) is submitted to UIDAI and UIDAI responds only with a “Yes/No”.           Basing on the request, the authentication can be Demographic or Biometric.           The Aadhaar Demographic authentication is for Name,Gender,DOB,Address as maintained in the UIDAI Database for the respective Aadhaar number.         ...

          The Averkai Mela is over and now Lalbagh flower show gets ready to welcome visitors.           The Bi-Annual Lalbagh Flower Show is back in action. The 205 th Edition of the Lalbagh flower show was inaugurated on 20 th January 2017. The show will be open till 29 th January 2017.            Visitors need   to spend money to enter Lalbagh during the flower show. The entrance tickets rates as under:- Weekdays: Rs. 50 Holidays/Weekends: Rs. 60 Children: Rs. 20 Free Entry for school children on January 21, 23, 24, 25, 27, 28 from 9.00 am to 5.00 pm, Entry tickets will be sold at all entry points from 9.30 am to 6.00 pm. As the theme across the nation is Digital Transactions, this time Department of Horticulture, Karnataka has introduced POS terminals. These POS Terminals are expected to encourage...

          On February 1 2017, Shri Arun Jaitely, India’s present Finance Minister will present the Indian Budget. Definition of 'Union Budget' Definition: According to Article 112 of the Indian Constitution, the Union Budget of a year, also referred to as the annual financial statement, is a statement of the estimated receipts and expenditure of the government for that particular year. Description: Union Budget keeps the account of the government's finances for the fiscal year that runs from 1st April to 31st March. Union Budget is classified into Revenue Budget and Capital Budget. Revenue budget includes the government's revenue receipts and expenditure. There are two kinds of revenue receipts - tax and non-tax revenue. Revenue expenditure is the expenditure incurred on day to day functioning of the government and on various services offered to citizens. If revenue expenditure exceeds revenue receipts, the government inc...