Link Your Provident Fund With Aadhaar Card Or Else You Will Lose Money (Find Out How?)

If a PF account is not linked to Aadhaar or UAN is not Aadhaar verified, then its ECR-Electronic Challan cum Return will not be filled.

Employees’ Provident Fund Organization’s new rules on Aadhaar and PF linking are kicking in from today June 1, 2021. A notification in this regard has also been released by EPFO.

If PF account holders do not follow the guideline, their EPF contribution may be severely impacted.

In its message to the employers, the EPFO said, “Dear Employer, with the coming into force of Section 142 of the Code on Social Security, 2020, the ECR shall also be allowed to be filed only for those members, whose Aadhaar numbers are seeded and verified with the UANs, w.e.f 01.06.2021,”

Also adding, ” Accordingly, please ensure the Aadhaar seeding in respect of all the contributory members to enable them to avail uninterrupted services of the EPFO and to avoid any inconvenience.”

Linking Of PF Account With Aadhaar

Under section 142 of the Social Security Code 2020, the EPFO has introduced new rules. According to the new EPFO rule, every account holder’s PF account must be linked to his or her Aadhaar Card. 

If the employees do not comply by June 1, the employer’s payment to the PF account may also be stopped as well.

What If You Don’t Link your PF account with Aadhaar?

The regulatory body has also clearly instructed the employers that from June 1, if a PF account is not linked to Aadhaar or UAN is not Aadhaar verified, then its ECR-Electronic Challan cum Return will not be filled.

So the employees can see their own PF account contribution but they will not be able to get the employer’s share.

How To Do EPF Aadhaar linking Online?

Here is a step by step guide:

1] Log in at the direct link of EPFO — iwu.epfindia.gov.in/eKYC/;

2] Enter UAN and also the registered mobile number;

3] Click at ‘Generate OTP’ option;

4] Enter OTP and also select gender;

5] Enter your Aadhaar card number and select ‘Aadhaar Verification method;

6] Select ‘Use Mobile or E-mail based verification’ option;

7] Another OTP will come to your mobile number;

8] Enter that OTP; and

9] Also Complete your EPF, UAN Aadhaar seeding process.

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Maruti Registers 140% Growth In Monthly Sales! Sold 32,903 Cars In May, 2021

Maruti Suzuki India Limited (MSIL), recorded a cumulative domestic tally of 32,903 units in May 2021 as against 13,702 units during the same period last year

Maruti Suzuki recorded 32,903 units in May 2021 as against 13,702 units with a 140 per cent YoY sales increase.

Maruti Suzuki India Ltd. posted total sales of 46,555 units in May, the country’s largest automaker said in a statement.

“In May 2021, the company shut production from May 1 through May 16 to divert oxygen from industrial use for medical purposes. In May 2020, the company witnessed production disruption owing to lockdowns,” Maruti Suzuki India said in an official statement.

“Since neither of the two months had normal production, the sales volume of May 2021 are not comparable with May 2020,” it added.

The Auto Industry Had Recorded Unusually Low Sales

The Indian automotive industry, as well as the economy as a whole, has been going through another rough patch in the last three months, with restrictions imposed across the country causing a temporary halt in retail sales and production, as well as logistical challenges, but recovery is expected in the second half of this calendar year.

Maruti Suzuki India Limited (MSIL), recorded a cumulative domestic tally of 32,903 units in May 2021 as against 13,702 units during the same period last year with a Year-on-Year volume increase of 140 per cent. However, the MoM data led to a massive decline of 76 per cent.

 In April 2021, Maruti Suzuki registered 1,35,879 units and when compared to last month, a huge drop in volumes of 1,02,976 units was seen. 

The Indo-Japanese manufacturer held on to a market share of 31.9 per cent in May 2021 as against 37.5 per cent during the corresponding month last year as well with a decline of 5.6 per cent.

Year-on-Year Sales Growth In May 2021

While all of the automakers recorded appreciable.

 Year-on-Year sales growth in May 2021 except for Toyota, the MoM negative sales gave a clear indication of where the industry stands this year as recovery can only be expected when the social and economic activities get back to normal or at least begin to get to that state.

Maruti Suzuki is expected to launch the second-generation CGlerio in the coming months.

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UPI Losing Its Shine? Transaction Volume Reduce By 4% In May: What’s The Reason?

The digital payments market may have recorded 2.53 billion transactions worth Rs 4,90,638 crore

UPI transactions increased by double digits during the lockdown months as the virus spread and customers began to prefer digital payments. And thus march saw a significant increase in UPI volumes, with total transactions exceeding $5 trillion, up 18% from February.

But in May, the digital payments market recorded 2.53 billion transactions worth Rs 4,90,638 crore, according to NPCI data in a tweet shows.

Drop-In Volume And The Value Of UPI Transactions

The recent slowdown in growth may be attributed to rising transaction failures because of frequent technical glitches at banks, which also dethroned Google Pay and the UPI market leader.

In May, the digital payments market recorded 2.53 billion transactions worth Rs 4,90,638 crore

When compared to April, the UPI recorded 2.64 billion transactions worth Rs 4,93,663 crore, there is a 4.16 per cent decline in volume and a 0.61 per cent decline in value.

Whereas it had set a new record in March, with 2.73 billion transactions worth Rs 5,04,886 crore

While the market share of UPI apps for May has not been revealed by NPCI, PhonePe dominated the market in April with a 45 per cent share.

UPI Transactions During The lockdown Months

UPI market leader PhonePe also crossed a milestone during March. “We crossed a billion UPI transactions in March. Last month, the total transactions on our platforms across the payment instruments of wallet, card, and UPI that we offer stood at 1.3 billion,” a PhonePe spokesperson said.

Google recorded a decline in its market share to 34.3%.

Paytm had a market share of 12.14% in April.

NPCI Expanding Its Service To International Markets

The NPCI has already issued a new guideline that limits the market share of all third-party UPI apps to 30%.

The regulating body will, however, give exemptions to the top applications to comply with the new regulations.

NPCI is also expanding its service to international markets.

It partnered with Financial Software and Systems in April and incorporated a new entity called NPCI International Payments Limited (NIPL) to study potential use cases outside of India.

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PM Modi Cancels CBSE Class 12 Exam Across India; ICSE Class 12 Exam Also Cancelled

CSBE board exams for Class 12 students cancelled; ISC also follows suit.

The Narendra Modi led government has finally voiced its decision to cancel the Class 12 CBSE board exams, amid the worsening situation of the second-wave of Covid-19 pandemic across the country.

This sets in the ‘much needed’ relief to about 14 lakh CBSE candidates registered for Class 12 board exams, along with their parents and teachers.

The announcement to cancel the board exams came late in the evening yesterday, as PM Modi broke the news through his Twitter account, insisting that the health and safety of students is of utmost importance and there would not be any step taken to compromise with this.

The news has also reportedly put an end to the anxiety faced by students, parents and teachers, with a lingering fate of the exams.

Additionally, the private board conducting ISC exams for Class 12, The Council for Indian School Certificate Examinations (CISCE) has also been reported to follow this suit.

CBSE Board Exams for Class 12 Cancelled

PM Narendra Modi, at 7:39 pm on Tuesday tweeted, “Government of India has decided to cancel the Class XII CBSE Board Exams. After extensive consultations, we have taken a decision that is student-friendly, one that safeguards the health as well as the future of our youth.”

In a press release, he was quoted stating that the decision to cancel the exams has been taken in the best interest of students. 

He added that students should not be forced to appear for exams in such a stressful situation and asked all stakeholders to show sensitivity towards them.

This comes after the Centre cancelled the CBSE Class 10 exams last month in April.

Govt Grants Students the Option to Give Board Exams

The board sources have stated that the Government is currently working out a set of options to come up with an alternative assessment criteria, which is expected to come out soon.

Under the options being considered for alternate assessment criteria, the authorities are working out on whether the students should be assessed on the basis of their performances in Class 9, 10 and 11 final exams, or give a certain weightage to Class 10 board results and internal assessments of Class 12. The modalities will be announced in a couple of days, states a senior CBSE official.

It has also been announced that those students who are willing to give the Class 12 board exams (CBSE), will be provided with an option to do so, whenever the possibility to hold an examination arises.

PM’s Decision Widely Appreciated by Student Unions and Opp Parties

The government’s decision on cancelling the board exams for Class 12 CBSE students met wide appreciation from not just the student bodies and parents/teachers but also from opposition parties.

Ashok Pandey, director, Ahlcon Group of Schools stated that amid the trauma undergone by children due to the threat of the virus and no vaccination for them, made it difficult for students to bring in confidence for their exams.

“This is a well-considered decision by the government and I am happy that the PM has asked for a time-bound transparent and equitable assessment plan to be implemented”, added Pandey.

Congress MLA from Delhi Mukesh Sharma, stated that the government’s decision is a victory for students. “I am happy that the uncertainty has ended.”

Student bodies like Krantikari Yuva Sangathan, Students Islamic Organisation of India and NSUI also welcomed and greeted the government’s decision.

The long anxious wait of students has come to an end with this decision of the government.

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New AC 3-Tier Economy Coaches Ready For Roll Out; This Is How They Will Look (USPs, New Additions & More)

New AC 3-Tier Economy Coaches Ready For Roll Out; This Is How They Will Look (USPs, New Additions & More)

In another step towards providing affordable and pleasant service to its travelers, the Indian Railways has rolled out fifteen new train coaches for AC 3-tier Economy Class, which showcase features like none before.

These economy coaches are equipped with improved and modular design of berths and seats, along with other facilities.

The AC coaches will be attached to various mail and express trains.

Features of The New Train Coaches

The Rail Coach Factory (RCF) in Kapurthala, Punjab has recently rolled out 15 new train coaches of the AC 3-tier Economy Class.

This Economy class is expected to provide an air-conditioned, convenient, affordable, and pleasant travel experience to passengers, says Indian Railways.

Kepping this in mind, the newly built train cocahes have been designed to provide the finest quality of services at economical prices for its travelers.

The AC ducting of these coaches have been redesigned to provide individual vents for each berth.

It also comes equipped with ‘injury-free spaces and holders for water bottles, magazines and mobile phones, an improved and modular design of berths and seats, and also snack tables that are foldable in both transverse and longitudinal bays’, mentions The Financial Express.

Each berth is equipped with amenities like individual reading lights and charging points for elcetronic devices.

These new coaches have extra berths, increased from the standard number of 72 berths to 83.

To make it more comfortable for specially-abled passengers, these berths have wider doors in the coaches.

More Details

The RCF released the prototype for these specialized coaches on February 10, 202, which has been completed and launched only in 3 months after its inception.

The GM of RCF Kapurthala, Ravinder Gupta says that the AC Economy Class Coach offers the cheapest and finest air-conditioned travel in the world and is a landmark in the glorious journey of RCF. 

This new class of passenger trains will make the whole experience of train journeys more convenient, safer and faster.

He also added that due to the second wave of the Covid-19 pandemic, only 50% of the RCF staff was assigned for the production work, besides a great blow to the supply of railway material to RCF.

Despite this, the RCF produced more than 100 coaches in May 2021, he added.

RCF plans to produce 248 coaches in the current and upcoming financial years.

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MIUI 13 Device Update List: Mi, Poco, Redmi MIUI 13 Update, MIUI 13 Launch Date

MIUI 13 update list full? MIUI 13 release date is out, it’s happening on June 25. While India will soon be getting the MIUI 12.5 update in phases, the MIUI 13 beta will be released, and the stable version is expected after a few weeks post that. The first devices to get the MIUI 13 update will include the current Mi 11 series, Mi 11X series, Redmi K40 series and the Poco F3 series. Xiaomi is expected to announce the custom MIUI 13 beta version shortly.

MIUI 13 Device Update List: Mi, Poco, Redmi MIUI 13 Update, MIUI 13 Launch Date

Soon the timelines for the MIUI 13 rollout for various Xiaomi, Redmi, and Poco smartphones will be out. Xiaomi is expected to be bringing in a wide range of new features for MIUI 13.

There will be an array of new optimisations, animations and customisations. The company is also said to be bringing a new Super Wallpaper tool which will be integrated into MIUI 13 where users can develop their own Super Wallpapers.

The first MIUI 13 beta should be available by early 2021 followed by the phased MIUI 13 rollout in batches starting June 2021. The MIUI 13 update is expected with more features based on Android 11 and additional functionalities.

Here’s everything you need to know about the upcoming MIUI 13 update.

MIUI 13 Update Tracker: MIUI 13 Update List, MIUI 13 Eligible Devices

The MIUI 13 update list will include multiple Redmi, Xiaomi and Poco phones. The MIUI 13 update will be rolled over in batches as the current MIUI 12.5 generation. Here’s the first list of leaked smartphones said to receive MIUI 13 update.

Checkout the first MIUI 13 smartphones list, the devices expected to receive the MIUI 13 update first.

MIUI 13 Update List: MIUI 13 Poco Update 

• Poco X3 NFC
• Poco X3 (Non-NFC)
• Poco X3 Pro
• Poco M3
• Poco M2 Pro
• Poco M2
• Poco F2 Pro / Poco X2 Pro
• Poco X2
• Poco C3

MIUI 13 Update List: MIUI 13 Redmi Update

• Redmi K40
• Redmi K40 Pro
• Redmi K40 Pro+
• Redmi K40 Gaming Enhanced Edition
• Redmi K30 Ultra
• Redmi K30i 5G
• Redmi K30 5G Racing
• Redmi Note 9 Pro
• Redmi Note 9
• Redmi K30 Pro Zoom
• Redmi K30 Pro
• Redmi Note 9S
• Redmi Note 9 Pro Max
• Redmi 9 Prime
• Redmi 9i
• Redmi 9
• Redmi 9A
• Redmi 9C
• Redmi 10X Pro 5G
• Redmi 10X 5G
• Redmi 10X 4G
• Redmi 9
• Redmi K20 Pro Premium
• Redmi K30
• Redmi K30 5G
• Redmi K20 Pro

MIUI 13 Update List: MIUI 13 Mi Update

• Mi 11 Ultra
• Mi 11 
• Mi 11 Pro
• Mi 11X
• Mi 11X Pro
• Mi 11 Lite
• Xiaomi Mi 10T Pro
• Xiaomi Mi 10T
• Xiaomi Mi 10T Lite
• Xiaomi Mi Note 10 Lite
• Xiaomi Mi 10 5G
• Xiaomi Mi 10 Ultra
• Xiaomi Mi Note 10
• Xiaomi Mi Note 10 Pro
• Xiaomi Mi 10 Youth 5G
• Xiaomi Mi 10 Lite 5G
• Xiaomi Mi 10 Pro 5G
• Xiaomi Mi CC9 Pro
• Xiaomi Mi Mix Alpha
• Xiaomi Mi 9 Pro 5G
• Xiaomi Mi 9 Pro
• Xiaomi Mi 9 Explorer

MIUI 13 Update List: MIUI 13 Black Shark Update

• Black Shark 3 Pro
• Black Shark 3 
• Black Shark 2 Pro
• Black Shark 2
• Black Shark 3S

MIUI 13 Update, Features: MIUI 13 Release Date, MIUI 13 Features

With MIUI 12.5 already unveiled, Xiaomi previously confirmed some big changes with the MIUI 13 update. The MIUI 13 beta download will be available soon for testing, and these are some of the MIUI 13 features expected.

• Improved animations with touch sensitivity

• Support for native screen recording

• Memory expansion and extension (RAM Flexibility)

• More minimalistic theme with newer iconography

• Scrolling screenshots and more add-on instant editing features

• Back gesture tweaking and additional support

• Better display animations, screen support

• Improved MIUI Always-on Display

• Scheduling option for Airplane mode 

• Share menu App pinning

• Improved quick replies option with a wider acceptance on different apps.

• Dark mode support improvement and scheduling

• Option to grant access only for once: one time permissions

• Scoped storage

• Charge Turbo function

• Better monochrome power-saving mode

• Management of missed and older notifications

• Project mainline enhancements

MIUI 13 Release Date, MIUI 13 Launch Date In India: MIUI 13 India Update

MIUI 12.5 has been unveiled officially and is yet to come to India. The next generation UI from Xiaomi, the MIUI 13 release date is also out, it’s happening on June 25. The MIUI 12.5 update will soon be available in batches in India. MIUI 13 India release date is expected to be around late Q2 2021. The first MIUI 13 beta download will be available in a few weeks.

MIUI 13 update (developer preview) will be made available in the early phase. A bunch of new features are expected from the upcoming MIUI 13.

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Amazon Will Launch 3000+ Satellites To Offer High Speed Internet In India; Threat For Airtel, Jio?

Amazon Will Launch 3000+ Satellites To Offer High Speed Internet In India; Threat For Airtel, Jio?

Amazon is working on bringing high-speed satellite internet services to India, joining the race and competing against Bharti-backed One-Web and Elon Musk’s SpaceX.

Read on to find out all the details about Amazon’s plans about introducing its own internet services!

Amazon To Introduce High Speed Satellite Internet Services To India

The global e-commerce giant is planning to start working on introducing high-speed satellite internet services to India. For this, Amazon is planning to approach the government in order to deal with the various factors that play a part in internet services, such as modalities, authorisations, permits, landing rights and satellite bandwidth leasing costs. 

They will also require landing rights in order to downlink signals of foreign satellites into the country, which will be granted by the Department of Space (DoS) .

As per these sources, “Talks with the DoS and Department of Telecommunications (DoT) will happen on the necessary regulatory approvals to bring Amazon’s high-speed broadband services to India via its Project Kuiper satellite constellation as part of the global launch.”

Some of the major competitors of Amazon will be One Web, by Bharti Airtel, SpaceX by Elon Musk, and Jio’s internet services.

Amazon To Invest More Than $10 Billion To Build A Constellation Of LEO Satellites

As per sources close to the development, Amazon will be investing more than $10 billion in order to build a constellation of 3,236 low-earth orbit (LEO) satellites as a part of its global space internet initiative, Project Kuiper. However, its plans for India havent been disclosed yet.

However, Amazon’s spokesperson has declined to comment about the entire deal. 

There have been reports that the Bharti Group-backed OneWeb is raising $550 million (Rs 4,103 crore approx) by selling a 24% stake to French satellite operator, Eutelsat Communications. Also, just two days ago, we reported to you that the next batch of 36 satellites has been launched by Bharti Global-backed OneWeb, which is a Low Earth Orbit (LEO) satellite communications operator.

These were launched by Arianespace from the Vostochny cosmodrome in Russia.

Additionally, the American aerospace company SpaceX has gotten approval to deploy over 2000 Starlink satellites at a lower earth orbit, by the US Federal Communications Commission (FCC).

On April 28, SpaceX launched 60 Starlink satellites from Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station in Florida, United States.

FCC has approved SpaceX to deploy 2,824 satellites at a lower earth orbit, as part of its Starlink project, to deliver high speed broadband internet to untethered regions.

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