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#Automation Threat: Infosys ‘Released’ 9000 Employees in 2016; Lower End Jobs Vanish

In another yet confession by a IT biggie, it has been revealed that automation is sucking away jobs at a rapid pace, and job insecurity is looming ahead for thousands of workers. During Bengaluru chapter of Global Shapers, a body backed by the World Economic Forum, Infosys’s HR Head Krishnamurthy Shankar admitted that over 9000 employees were ‘released’ by them in 2016. He has cleared that these employees were not fired, but moved and transferred to other departments, as lower-end jobs are vanishing and there exists no more jobs for…

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#IRCTC Offers Rail Platforms For Installing 2000 ATMs; Platforms Would Be Now Used For Destination Weddings!

You would be surprised to know that Indian Railways earn less than 5% of their revenues via non-fare sources. In order to increase this share, and to introduce innovative approaches for generating revenue, IRCTC is all set to unleash few major plans in the coming days. Last year in October, we had reported that IRCTC will monetize 100 terabytes of passenger data. After Railway Minister asked Zonal heads of all 16 Railway Zones to come up with ideas pertaining to increase non-fare revenues to Rs 2000 crore within a year, there…

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#Paytm Records 1 Billion Transactions & 147 Million Wallet Users in 2016; Records 80 Million Active Users in December 2016

Paytm has had an amazing 2016, especially owing to demonetization and the Government promoting a cashless and digital economy. The company announced a lot of new initiatives like booking IRCTC tickets, movie tickets and offline transactions. Paytm is soon going to merge its wallet business with its payments bank which is going to be the biggest news for the company in 2017. This means all its payments operations in one place, and hopefully a larger customer base. Paytm set a new record for a digital wallet company in India – 5 million transactions processed in one day,…

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#BSNL Offers Unlimited Voice Calls With Bundled Internet For Rs 144 For Post-Paid & Pre-Paid Users!

New Year has started with a bang for telecom industry as BSNL has triggered the first price war for the year, and it has done it in style. For Rs 144, BSNL users of both prepaid and postpaid connection can now get unlimited voice calling to any network in India, along with bundled Internet package of 300 MB, for a period of one month. This special offer of Rs 144 shall be valid for the next 6 months. These new unlimited voice calling plan was unveiled by BSNL chairman and managing director…

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#Petroleum Safety Body Asks Not To Use E-wallets, PoS At Petrol Pumps; 10 Delhi Metro Stations Goes Cashless

In the excitement and urgency to go cashless, are we missing something? For instance, safety standards and guidelines, especially when it comes to petrol pumps? It seems we have, as a unique mis-match of safety precautions and cashless economy has come into picture – a scenario which no one thought about before. Petroleum and Explosives Safety Organisation (PESO) has asked the Ministry of Petroleum and Natural Gases to issue guidelines which prohibit usage of e-wallets and PoS terminals at petrol pumps. In a communication dated December 19th, Chief Controller of Explosives at PESO has strongly recommended…

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#This Is How Small Traders Can Save Upto 46% Tax With Digital Transactions!

For small traders and businesses looking for ways to save taxes, this is the golden time indeed. India’s Finance Minister, Arun Jaitley has explained two ways using which small traders can save upto 46% tax. Traditionally, these advices and tricks are usually shared by CA or Accountants, but here, our Finance Minister himself is sharing them. However, the only catch is that, these tax savings can be accomplished by going cashless, thereby entering the banking system. Again, by doing so, the small business man will be able to maintain this…

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#Woah! Indians Will Soon Need To Show Proof Of Parking Space Before Purchasing A New Car

Buying a car is certainly an issue of social prestige in India; a symbol of success, prosperity and wealth. Till now, the only requirement for buying a new car was money – You pay the money, and you take home a car. As simple as that. But now, the rules are being changed. Besides money for buying a new car, you also need to show evidence that you have enough parking space for that car. In case you fail to do so, then Govt. won’t allow you to purchase a…

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#Hong Kong Stops Visa-Free Entry For Indians; Indian Asylum Seekers A Reason For This?

Hong Kong, which is a major strategic and political ally of India has announced that they will no longer allow visa-free entry for Indians. This is being regarded as a huge setback for India’s foreign diplomacy and a big step backwards for improving trade relations. Around 5 lakh Indians visit Hong Kong every year, for various purposes which includes tourism, trade, education and jobs. Till now, Indians could have entered Hong Kong without a visa for 14 days, and it made the trade and bilateral exchanges quite seamless. But after…

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#Soon You Can Dial 1955 to Report Call Drops, and all Telcos Have to Strictly Abide by it

Telcos has been fooling customers by dropping calls, a disease that has been plaguing the telecom industry for quite some time now. As the number of customers increase compared to the connection points, the number of calls dropped increases. To raise this issue with the telcos, the Government is planning to launch a single number to complain about call drops. The number ‘1955’ will be instilled specifically for customers to lodge complaints related to call drops on their network. “Short code 1955 has been allotted for IVRS system on call drop,”…

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#Study shows Bad bosses fall in two categories: Dark and dysfunctional

Bad bosses generally come in two forms. There are the dysfunctional ones, like Michael Scott from the TV series The Office; then there are the dark ones, like Gordon Gekko from the film Wall Street. Researchers including Seth M. Spain from Binghamton University, State University of New York are building a framework to better understand the behaviors of bad bosses and to reduce workplace stress. In a new chapter from Research in Occupational Stress and Well-Being titled, “Stress, Well-Being, And the Dark Side of Leadership,” Binghamton University Assistant Professor of Organizational Behavior…

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