Page 2 - Financial Transactions
SWIFT is a unique platform, says CEO Kiran Shetty
The platform enables financial institutions to send and receive information about financial transactions in a secure environment
 "SWIFT is a unique platform, says CEO Kiran Shetty")
Rs 20,000 hotel bill, Rs 50,000 insurance premium may come under I-T lens
In a list of proposed measures to widen the tax base, in a tweet, government said no taxpayer should be left behind in the drive to ensure better compliance and transparency
 "Rs 20,000 hotel bill, Rs 50,000 insurance premium may come under I-T lens")
Income Tax dept adds new features in 26AS Form to help taxpayers
The new variant of 26AS Form will have taxpayers' details as specified statements of financial transactions (SFTs) in various categories
Core banking transactions soar 400% in 2017 on digital agents: Report
Transactions via core banking services have seen a 400 per cent spike in 2017 on increasing use of agent points for financial transactions along with government-to-people facilitation services, says a report. "This has translated to higher monthly median revenue and profit, which doubled from their 2015 levels-from USD 40 to USD 93 and USD 16 to USD 31,respectively," a study by financial inclusion consulting firm MicroSave in partnership with Bill & Melinda Gates Foundation said today. Almost two-thirds of the agents conduct interoperable transactions, finds the report. While about 70 per cent of interoperable agents offer cash-in services, about 60 per cent offer cash-out and remittances for other banks, it said. "This also explains the reduction in the number of non-exclusive agents, as agents no longer need to be associated with multiple providers to be able to serve more customers, it is a common learning that interoperability offers benefits for the wider ...
 "Core banking transactions soar 400% in 2017 on digital agents: Report")
