-The Times of India State Bank of India (SBI) has revised service charges on ATM (Automated Teller Machine) withdrawals for users of its mobile app "SBI Mobile Buddy", as well as for various other cash and online transactions, effective from June 1. The country's largest lender will start charging customers Rs 25 per transaction for withdrawing money from an ATM through its mobile wallet app from Thursday. The SBI mobile wallet allows...

-TheWire.in At Axis Bank and Yes Bank, it appears that a single auditor of a member firm of Ernst and Young has overlooked gross NPAs of a staggering Rs 13,655 crore. Recently, Axis Bank and Yes Bank jolted the Indian banking community while releasing their annual results. Both banks disclosed a staggeringly large divergence between the banks’ audited accounts and the Reserve Bank of India’s (RBI)  findings regarding bad loans on the...

-The Indian Express New and tough rules on ISBN prompt global body to react THE HRD Ministry risks losing its role of distributing International Standard Book Numbers (ISBNs) to publishers in India amid complaints of red-tapism and fears of censorship by the government. On March 29, in a letter sent to Minister of State for HRD Mahendra Nath Pandey, the ISBN International Agency warned that it is “seriously considering” revoking the...

-The Telegraph New Delhi: An umbrella organisation of publishers of educational Books has pointed out that a 12 per cent tax has been levied on children's colouring Books whereas "semi-pornography" Books have been exempt under the goods and services tax, drawing attention to the perceived contradictions in the new levy regime. "Semi-porn for free, but pay for colouring Books," the Federation of Educational Publishers in India (FEPI) has titled its short media...

-Business Standard Relatives' accounts, meddling with accounting software and shell cos used to hide unaccounted cash Two major civil contractors of Bengaluru, who undertake state government civil contract works from irrigation and other departments, were alleged to have engaged in massive inflation of expenses and investment of unaccounted income in the purchase of immovable properties. Discreet enquiries by the Income Tax (I-T) department revealed that they were helping in the conversion of unaccounted...