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Shahrukh Ahmed, Author at GoodTime Nation

Shahrukh AhmedSeptember 29, 2017


The Modi government is constantly engaged in promoting cashless transactions, but this campaign is proving to be very difficult for banks. According to a report issued on behalf of SBI report, banks have to bear an annual loss of Rs. 3,800 crore from digital payments.

Increased pressures on banks’ pocket

Since the Demonetization, the bank has been constantly increasing the number of Point of Sale (POS) terminals and machines for cashless transactions. Where in March 2016 banks had installed 13.8 million POS terminals. After the Demonetization, their number has increased steadily and till July 2017, 28.4 POS terminals have been installed. Accordingly, the bank is charging an average of 5000 POS terminals every day.

Increase in Cashless Transaction

This has given a boost to the campaign of digital payment of Modi Government. According to the SBI report, after the Demonetization, there is an increase in the debit and credit card transactions, In October 2016, there was a transaction of 51,900 crore rupees. That same level has reached 68,500 million by July 2017. Apart from this, cashless transactions of Rs 89,200 crore were highest in December 2016.

Income of just 900 crores

SBI has said in its report, “We estimate that banks have to bear an annual loss of Rs 4,700 crore due to the transaction. However, Net Revenue of banks is 900 million rupees per transaction. In this way, they are facing a loss of Rs. 3800 crores annually.

Income from POS

For imposing POS terminals, banks have to bear the cost of infrastructure charges. It has to spend in other things, including setting up of POM terminals, clearing, settlement, training of traders, managing terminal and supplying them. Banks have income from merchant discount rate and month rental, which is very low.

Improve Telecom Infra

SBI report has suggested to the government to improve the telecom structure. It has been said in the report that if the government wants to increase its digital payments agenda, in the right direction, then it should arrange better spectrum for financial transactions.


Shahrukh AhmedJune 24, 2017


GST is going to be implemented from July 1. Due to this, a lot will change economically in the country. Some things will be expensive, some cheaper. Meanwhile, speculation is being made that your banking, telecom service, hotel and insurance will be expensive due to GST. The companies are also giving information related to GST to its customers on a regular basis.

How will GST effect?

Since the last few days, the bank has been telling its customers that the tax on the credit card bill will increase from 15% to 18% from July. Likewise, telecom companies also said that the monthly bills would also increase, as the profit on input tax credit would be lower.

Telecom to be placed in placed in 5 or 12 percent slab instead of 18

However, seeing the lethal situation of the telecom sector, companies like Airtel and Idea have asked the ministry that the telecom sector to be treated as essential services and should place it under the slab of 5 or 12 percent instead of 18 percent in GST. When rates were fixed in the previous month, the government had said that the input credit available to the companies would not be an extra burden and would reduce the cost of about 3%.

It would be expensive to take an insurance plan

Insurance companies have also said that by imposing 15 to 18 percent, this tax will increase the premium and the worst effect will be on the pure term. If you take an annual premium of 25000 rupees for the plan of 1 crore, due to GST it will be 4500, which is currently Rs. 3750. The effect will be less for ULIP, where the premium is taken by management or on the death insurance,

Government is not agreeing to make changes

At the same time, the 5-star hotels have also emailed their customers with the details of increased taxes, but the government says that this tax has been kept for upcoming tax. The government has not given any kind of consent to the logic of service providers.

Companies will have to lower prices

An official told that the companies should pay the benefit to the customers as low prices, we have asked the ministry to resolve the matter with the service providers at the earliest so that there is no pressure on the customers.


Shahrukh AhmedJune 21, 2017


Saudi Arabia: Indians working in Saudi Arabia are thinking of sending their dependents back to India. People working in Saudi Arabia are going to get a new tax on July 1. After the implementation of this tax, individuals who work there are going to be subjected to additional financial loss. Due to the new tax in Saudi Arabia from July 1, people working there must pay 100 riyals i.e. around 1700 rupees per month for one of their dependents. After the implementation of this tax, financial problems are likely to increase for 41 lakh Indians residing there. To avoid those difficulties, these people want to send their dependents (parents, spouse and children living with them) back to India.

Many families has returned to India
According to the report of the English newspaper Times of India, computer professor Mohammad Tahir has told that many families have planned to go back to India because they think that they will not be able to spend on their dependents. Migrant Right Activist Bhim Reddy has told that in the last four months many people living there have sent their families back. He is now they are forced to stay alone there.

To maintain a dependent, earning should be 5,000 riyals per month
According to the law in Saudi Arabia, a visa to a family is only given to people who earns at least 5000 riyals that are approximately 86,000 rupees a month. If Indian lives there and his wife and two children are staying with him, then he will have to give 300 riyals that are approximately Rs 5100 every month as the tax.

Taxes on Dependents to be increased by 2020
Not only that, this tax applied in Saudi Arabia will increase every year. This tax will be increased 100-100 per year by 2020 every year. This means that for a dependent living there, in 2020, 400 riyals i.e. Rs 6800 will be paid as tax. With this, it has been said that the tax amount will be paid in advance only. That is, if a person lives with his wife, then he will have to pay 1200 riyals i.e. 20,400 rupees in endurance.

Dependent fees to be paid by some companies
However, some companies have decided to give dependent costs to the people working for them, but most people will have to pay this fee themselves. On the impact of this tax on India, a senior external affairs ministry official said that nothing can be said about this right now.

Shahrukh AhmedJune 15, 2017


Do you park your car on the roadside around your house? If your answer is yes, then you have to be ready to pay a huge tax to the Delhi Government. This is because the Delhi Government is going to propose a new policy regarding road-side parking. Not only this, but it is also proposed to charge more fees for parking made during the day time and in the peak hours in the new parking policy made for Delhi. Under this rule, there will be a difference in parking fees during weekdays and weekends.

Lieutenant Governor Anil Baijal has approved this policy. Now this policy will be kept open for public and other participants’ views for a month. Around one crore vehicles are registered in Delhi, which is spreading record pollution. About nine and a half lakh of these vehicles are private and mostly stand on the side of the road. Due to which there is a lot of traffic jam in Delhi. In its new policy, the government has proposed to take action on these vehicles.

Under the new parking policy, some cars to be parked outside the house will be decided based on plot size; additional parking will be charged if more parking is to be done.

Road tax will be increased to discourage people from purchasing more than one car, and whoever buys more than one car, his road tax will automatically increase. Those who have more than two cars will have to pay a lot of parking fees. If cars have been parked on commercial roads like commercial area, parking fees will be charged even more.

Shahrukh AhmedMarch 24, 2017


Samsung, the leading South Korean electronics company, has stepped into the fast growing digital payment service market in India. Samsung Electronics started its mobile payment service ‘Samsung Pay’ in India on Wednesday. Samsung Pay can be used almost everywhere, where debit or credit card is used.

With the registered card of Samsung Pay, just a tap is enough to make your payment.  At the same time, it has included the major payment service provider, PayTM and the Unified Payments Interface (UPI) of the Indian government in its app.

Chief Executive Officer of Samsung South-West Asia HK Hong said, “Our card network includes Visa, MasterCard, American Express, Axis Bank, HDFC Bank, ICICI Bank, SBI Card and Standard Chartered Bank. Credit Cards of Citibank India will be available on Samsung Pay soon. ”

Samsung Pay has a very secure platform. It works with three-level security. Includes the signature KNOX Platform, fingerprint authentication and tokenization.

“Samsung Pay is highly secure through the signature KNOX Platform, fingerprint authentication and tokenization. We have partnered with major banks and card networks to give our consumers the widest range of choices, and are working on bringing more and more partners on board soon,” said Asim Warsi, senior vice president, mobile business, Samsung India.

Samsung Pay is currently available in Galaxy S7 Edge, Galaxy S7, Galaxy Note 5, Galaxy S6 Edge, Galaxy A5 (2016), Galaxy A7 (2016), Galaxy A5 (2017) and Galaxy A7 (2017).

One more payment method, Are you ready to use Samsung Pay?

Shahrukh AhmedMarch 21, 2017


Famous scientist Stephen Hawking wants to go to space. During an interview in Good Morning Britain, he has said that he never dreamed that he could go to space. But when Richard Branson offered me a seat in the Virgin Galactic spaceship, I immediately said yes and got ready.

Significantly, Richard Branson is a UK businessman, who is the owner the commercial space travel company named as Virgin Galactic. He had set a target for making space flights in 2009, but for many reasons, it was postponed. In this interview, Professor Hawking talks about American President Donald Trump. He has said that after the arrival of Trump, he feels that he will never be called in the US anymore.

Stephen Hawking is 75 years old renowned scientist and is suffering from motor neurone disease. That is why he can not speak and is also disabled in the physical form. However, through the special machine manufactured by Intel, he delivers his ideas and inventions to the world.

In an interview, he has expressed the desire to go to space and said: “three children have brought me great joy – and I can tell you what will make me happy, to travel in space.”

In 2015, the founder of Space Travel Company Richard Branson said in a statement that he hopes that one day he will take Stephen Hawking to the stars. That’s because he respects Hawking and honours him.

Shahrukh AhmedMarch 18, 2017


Vivo has added another selfie-focused smartphone to its catalogue with the launch of the Vivo Y66 in India. The handset’s main feature is aimed at winning over selfie lovers with a 16-megapixel front-facing camera. The mid-ranged smartphone is priced at Rs. 14,990 and will be available in Crown Gold and Matte Black colour options.

The Vivo Y66 runs Funtouch OS 3.0 based on Android 6.0 Marshmallow, sporting a 5.5-inch HD (720×1280 pixels) IPS display with a 2.5D curved glass on top and a metallic unibody design. The device is powered by a 64-bit octa-core processor coupled with 3GB of RAM. The device comes with 32GB of in-built storage, which is expandable via a microSD card (up to 256GB).

Staying true to its selfie-focused heritage, the Vivo Y66 boasts a 16-megapixel front camera with a Moonlight Glow display flash feature. The rear gets a 13-megapixel camera with LED flash. Connectivity options include Wi-Fi, Bluetooth 4.0, USB 2.0 with OTG, GPS, and FM radio. Sensors include an accelerometer, ambient light sensor, and proximity sensor.

The smartphone packs a big 3000mAh battery, measures 153.8×75.5×7.6mm, and weighs 155 grams. Additional features on the Vivo Y66 include a ‘Smart Screen-Split’ feature for multitasking and an ‘Eye Protection Mode’ that reduces strain on the eye when chatting and watching videos simultaneously.

“Y66 is a testimony to our commitment towards valued customers to constantly offer them varied choices. We are pleased to launch this device, a stellar addition to the popular Y series collection. At Vivo, we are strongly focused on offering cutting edge technology at affordable prices,” Vivek Zhanh, CMO, Vivo India said at the launch.

Vivo in a statement also announced that Vivo Y66 users will get Saavn’s premium ad-free music service for free for six months. The company earlier this month launched the Vivo Y25 budget smartphone in Malaysia at a price of MYR 499 (roughly Rs.7,500) and it’s still unknown whether the entry-level smartphone will make it to the Indian market.

Shahrukh AhmedFebruary 28, 2017


Barcelona: At Mobile World Congress, Sony has launched its flagship phone Sony Xperia XZ premium. The phone weighs 195 gram and come with a screen of 5.5 inches. The special is that it is the first phone that has the 4K HDR display. That means a far better quality than your households TV is present in this phone display. Sony has partnered with Amazon Prime, so the user can view 4K HDR content.

If we talk about the camera phone, it sets a new standard. The phone 13-megapixel front and 19-megapixel rear camera, so you get the most spectacular pictures. Sony has introduced ‘Motion Eye’ feature to entice its high-end Alpha and casual CyberShot users. It is embedded with a sensor chip memory with which users receives five times faster scanning speed. In addition, the phone also gives you slow motion video option which is better than your existing phone.  Sony has also launched XA1, XA1 Ultra and XZs.

These are special features: The phone comes with New Qualcomm Snapdragon 835 processor so you get 150 Mbps Uploading and downloading speeds of 1 Gbps. Also, 3230 mAh battery which can run up to 1 day. The phone has 3.0 quick charging technology and smart stamina mode which gives you fast charging. This phone is available in two design-Luminous Chrome and Deep Sea Blue. The phone has 4 GB RAM, 64 GB storage and 4K video recording capabilities. This phone is also waterproof and has high-quality speakers. The gorilla glass has been installed to avoid any screen damage.

The company also launched some other flagship phones, The Xperia XZs is one among those.  These phones have Qualcomm Snapdragon 820 64-bit processor. The fingerprint sensor is also given. With these phone, you can also create 4K video and can capture video in slow motion. The phone’s screen is 5.2 inches, which is full HD screen. These phones have 4 GB of RAM and 2900 mAh battery.


Shahrukh AhmedFebruary 21, 2017


Vivo IPL 2017, New Delhi, February 20, 2017: In its 10th edition, the Indian Premier League unveiled the new logo for 2017. The logo beautifully captures 10 golden years of the tournament with the striking pose of the iconic batsman playing a shot alongside the logos of Vivo and IPL.

The star-studded 10th season of VIVO IPL 2017 will give fans a first-hand experience of the VIVO IPL trophy with its multi-city Trophy Tour. Fans can experience a stadium-like environment at VIVO IPL fan parks across 36 cities. Rightly termed as the Mecca of talent for the game of cricket in the country, VIVO IPL 2017 is all set to grip the nation in its frenzy with revamped teams, blowing wickets, ultimate catches and sky high sixes.

Chinese Smartphone maker VIVO replaced Pepsi after their dispute with BCCI over spot-fixing. We had four interested parties for IPL title sponsorship, and other three (apart from Vivo) are still interested in coming on board in other ways,” Thakur dropped broad hints about the manner of a possible association during 2015 VIVO IPL logo launch.

Shahrukh AhmedFebruary 13, 2017


Chennai: Last Week Madras High Court questioned Tamil Nadu police over the stay of MLAs in Golden Bay Resort. Madras High Court has received a respond regarding this in which they said: “There are only 119 MLA in the resort, not 130 as claimed by o pannerselvam and all of them were staying at their will.” It can be a devastating blow to the supporters of Panneerselvam.

Panneerselvam said that the Sasikala camp had held 130 legislators as a hostage forcibly in the resort located on the outskirts of Chennai. Panneerselvam is currently the caretaker chief minister of TamilNadu, and such statement of state police in the courts can result against pannerselvam. Police also told the court that the statements of all 119 legislators are recorded, and none of has made any complaints or said that they are the hostage.

The State is facing the power issue from some time, and now the AIADMK party has split into two factions Panneerselvam and Sasikala. Both the leaders are claiming the majority to form a government.

The C Vidyasagar Rao governor of TamilNadu has invited both of them and had listened over their claims. The governor is yet to acknowledge who is eligible to form a government in TamilNadu. Meanwhile, eyes are on the Supreme Court verdict over the Sasikala’s disproportionate asset case which is expected this week.

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