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Govt Employees Can Get Cashback On Insurance Premium Paid – Know Eligibity

Govt Employees Can Get Cashback On Insurance Premium Paid – Know Eligibity

Under the LTC(leave travel concession) cash voucher scheme, the central government employees will be eligible for reimbursement for premium paid for insurance policies between October 12, 2020 & March 31, 2021

The Department of Expenditure under the Finance Ministry while issuing the third set of FAQ also clarified that for purchases of goods like cars, employees the beneficiaries need not submit original bills of their purchases in order to avail reimbursement under the scheme and self-attested copies would work instead, it said. “However, the original bills may be produced on demand for information,” it added.

What are the new benefits?

So far, employees had only Leave Travel Concession (LTC) benefits on travels made, or else they had to forgo the amount.

On October 12, the government announced the LTC cash voucher scheme under which employees can purchase any goods or services with a GST rate of 12 per cent or above to avail the benefit. The caveat was the fact that payments for such purchases have to be made via digital mode or cheque or demand draft or NEFT/RTGS by March 31 next year, in order to receive reimbursement of the deemed travel fare amount and the leave encashment.

Doubts on Scheme :-

This clarification on the scheme came as it was the third set of frequently asked questions (FAQs) released by the finance ministry on Wednesday.

Whether or not premiums paid for existing policies be eligible under the LTC scheme was also a question received by the ministry a number of times. According to the ministry, premium paid with fresh policies purchased during the specified period only would be eligible. The premiums paid for existing insurance policies would not count.

For the submission of bills by employees who would superannuate before March, the Expenditure Department said, “vouchers/ bills should be submitted and settled before the date of superannuation”.

To a query on whether purchase receipt can be in the name of any dependent, the FAQ said, “The invoices of the goods and services purchased as per the scheme may be in the name of spouse or any family member who are eligible for LTC fare as declared in the service records”.

The expenditure department, under the Finance Ministry, said the special cash package scheme in lieu of one LTC is to “compensate and incentivise consumption” by government employees and the benefits can be availed up to March 31, 2021.

source:techiyogiz

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Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (1.3.2020 to 31.8.2020)

RBI/2020-21/61
DOR.No.BP.BC.26/21.04.048/2020-21

October 26, 2020

All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)
All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks
All All-India Financial Institutions
All Non-Banking Financial Companies (including Housing Finance Companies)

Madam/Dear Sir,

Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (1.3.2020 to 31.8.2020)

The Government of India has announced the Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (1.3.2020 to 31.8.2020) (the ‘Scheme’) on October 23, 2020, which mandates ex-gratia payment to certain categories of borrowers by way of crediting the difference between simple interest and compound interest for the period between March 1, 2020 to August 31, 2020 by respective lending institutions. The details of the Scheme are available at:

https://financialservices.gov.in/sites/default/files/Scheme%20Letter.pdf.

2. All lending institutions are advised to be guided by the provisions of the Scheme and take necessary action within the stipulated timeline.

Yours faithfully,

(Prakash Baliarsingh)
Chief General Manager

Source URL

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Shah Rukh Khan begins filming his next

The latest photos of Bollywood superstar Shah Rukh Khan outside Yash Raj Studios in Mumbai hint at the actor returning to work after a gap of two years. Shah Rukh has reportedly signed YRF’s next big-ticket project, tentatively, titled Pathan.

In the photos, King Khan is seen sporting long hair and sunglasses. Now, fans of the actor, who are excited to seem him back in action, are eagerly waiting for him to make an official announcement about the project.

Sources suggest Pathan will be helmed by Siddharth Anand. The filmmaker’s last directorial was the 2019 blockbuster War, starring Hrithik Roshan and Tiger Shroff. He has also helmed films like Bang Bang, Anjaana Anjaani, Salaam Namaste and others.

Shah Rukh Khan was last seen in Aanand L Rai’s 2018 film Zero.

India State Code

State NameAbbreviationAlternate Abbreviation
Andaman and Nicobar IslandsANIN-AN
Andhra PradeshAPIN-AP
Arunachal PradeshARIN-AR
AssamASIN-AS
BiharBRIN-BR
ChandigarhCHIN-CH;CHD
ChhattisgarhCTIN-CT;CG
Dadra and Nagar HaveliDNIN-DN;DNH
Daman and DiuDDIN-DD
DelhiDLIN-DL;DEL
GoaGAIN-GA
GujaratGJIN-GJ;GUJ
HaryanaHRIN-HR
Himachal PradeshHPIN-HP
Jammu and KashmirJKIN-JK
JharkhandJHIN-JH
KarnatakaKAIN-KA;KRN
KeralaKLIN-KL;KER
LakshadweepLDIN-LD;LKP
Madhya PradeshMPIN-MP
MaharashtraMHIN-MH;MAH
ManipurMNIN-MN;MNP
MeghalayaMLIN-ML;MEG
MizoramMZIN-MZ;MIZ
NagalandNLIN-NL;NLD
OdishaORIN-OR;OD;Orissa
PuducherryPYIN-PY;PDY
PunjabPBIN-PB
RajasthanRJIN-RJ;RAJ
SikkimSKIN-SK;SKM
Tamil NaduTNIN-TN
TelanganaTGIN-TG;TS
TripuraTRIN-TR;TRP
Uttar PradeshUPIN-UP
UttarakhandUTIN-UT;UK;UA;Uttaranchal
West BengalWBIN-WB

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Paytm app removed from Google Play Store

Google has also published a blog post highlighting the Play Store’s gambling policies which is said to be the reason behind the removal.

Paytm has been removed from the Google Play Store. The app is no longer available to download for Android users. Google’s move to pull the app from the Play Store is said to be linked with Paytm’s fantasy games offerings.

Interestingly Google India published a blog post today highlighting the Play Store’s policies on gambling. The blog post doesn’t mention Paytm but it points out the app store’s gambling policies. 

“We don’t allow online casinos or support any unregulated gambling apps that facilitate sports betting. This includes if an app leads consumers to an external website that allows them to participate in paid tournaments to win real money or cash prizes, it is a violation of our policies,” Google said in the blog post.

Google added that it informs the developer of the policy violation and removes the app as the course of action. The app will be restored on the Play Store once it adheres to the policy guidelines. 

We have reached out to Paytm for a response, and we’ll update the story once it arrives. Paytm has however tweeted an update saying that the app will be back soon.

Paytm is still available on the Apple App Store, and those who have the app downloaded on their phones can still use it. There are no issues in the app’s services reported so far. Also, Paytm for Business app is still available on the Play Store. 

Paytm is one of the biggest fintech apps not only in India, but globally as well. According to the latest data from Sensor Tower, Paytm was the sixth most downloaded fintech app in August. The app also added 6.7 million installs during this period. Paytm has over 450 million users in total. The app has evolved from payments to a multifaceted platform offering online shopping, gaming, banking and more.

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Akshay Kumar turns 53

Bollywood actor Akshay Kumar is celebrating his 53rd birthday today. Celebrities, friends and fans have flooded social media with wishes for Khiladi Kumar. Good friend and collaborator Ajay Devgn was one of the first stars to wish him on Twitter. Neha Dhupia, Arjun Bijlani, Rakul Preet Singh, Rahul Dholakia and Dabboo Ratnani among others have also wished Akshay.

The actor will soon be seen in horror-comedy Laxmmi Bomb, which will premiere on Disney Plus Hotstar. The Raghava Lawrence directorial is the Hindi remake of hit Tamil film Kanchana. He also has Raksha Bandhan, Prithviraj and Atrangi Re in his kitty.

Akshay Kumar’s big-ticket film Sooryavanshi, which couldn’t release earlier this year due to the spread of coronavirus, is now expected to have its theatrical release during Diwali this year. The superstar is currently busy shooting for Bell Bottom in Scotland. A spy thriller inspired by true events, the film also stars Vaani Kapoor, Lara Dutta and Huma Qureshi.

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can i remove secondary domain and add second secondary domain in google legacy

Google is a company which is mostly renowned for its moto “Don’t be evil” but in past few years Google has become very serious about generating money and blocking out all loopholes which tech nerds used to use for getting stuffs for free. If you have an old Google Apps a.k.a G Suite legacy account you might have free user limit starting from 10 to 2,000. I’ve seen many Google Apps a.k.a G Suite legacy account that has around 200 free user limit but the owner of that account can barely use it for his current business.

The reason behind this is that having a Google Apps legacy account with 200 or more free users means it is a really old Google Apps free account which Google later renamed as Google Apps legacy account and removed many cool features from those legacy accounts, like Migration, adding Secondary Domain etc. to encourage users to opt for their paid plan i.e. $5/user/month.

How To Change Primary Domain for Google Apps Legacy Account

Now Google officially stopped allowing the secondary domain addition for Google Apps legacy accounts back in 2012 and legacy users are only been allowed to add domain alias instead of a complete secondary domain name. But till 28th August 2015 I was able to add secondary domain to Google Apps legacy accounts by doing a simple and popular upgradation trick as follows:

  • Click on upgrade to trial of Google Apps for Business
  • Go to Domains section, add & verify your domain name
  • Downgrade back to your legacy free account before you run out of your trial period

But now, IT’S NO MORE POSSIBLE. That’s right. I’ve tried to do the same thing a few weeks back in September and now you cannot downgrade back to your legacy account unless you remove your secondary domain name that you have added after the upgradation.

I know that the only reason people was able to perform the trick for all this time is because there was a minor loophole/bug which was present in Google Apps down-gradation service and never actually gets fixed by Google. But now it seems Google has fixed the loophole and those legacy free Google Apps account are completely out of work if you still don’t use the primary domain.

What about Domain Alias? What’s the difference?

Domain alias is nothing but a new name to the same email address. This is really important if you have same domain name with various TLDs. Let’s say you have a multinational company and you use Google Apps for your business needs. Now though www.example.com might be your primary company domain but for different countries you may also have the following domain names:

Now obviously you do not want to create separate email id for same person with different domain TLDs, right? Because it will be impossible for that person to manage all those email account. This is where Domain Alias kicks in. If you have an employee email as jhon@example.com and if you add all your different country domains as Domain Alias, even if someone email to jhon@example.in it will be delivered to jhon@example.com automatically but the address will still show the .in domain name. Cool right? I know, this is the actual implementation of domain alias. So, in short domain alias won’t give you a new email address.

So, what’s the way then?

Well, Google has covered all of its loopholes (thanks to the internet for sharing them publicly) and made sure that you cannot access your Google Apps legacy account lifelong by keep adding new secondary domain, unless you have access to Google Apps for Education or Google Apps for Non-Profit or Google Apps for Government. For these three Google Apps category the general legacy rule doesn’t apply. That’s right.

So, I guess now you have only 2 ways either you get and of those above three mentioned accounts (which is really hard to get, really hard) or you pay $5/user/month to Google if you are happy with 25GB Google Storage and if you want unlimited, well pay $10/user/month. That’s the end of the story.

There is no way you can add new secondary domain to Google Apps legacy account anymore. The most shocking thing is Google has release this patch so quietly that almost no one have noticed this change unless they tried to do it on their account. Google just added a new link to their “Downgrade to legacy Free edition” help article. See the screenshot below for more.

IBM launches Power10 processor

IBM today revealed the next generation of  POWER CPU  –  the POWER10 (pictured).

It expects an improvement of up to 3x greater processor energy efficiency, workload capacity, and container density than the POWER9.

Designed over five years with hundreds of new and pending patents, it is expected to be available in the second half of 2021.

Some of the new processor innovations include:

Support for Multi-Petabyte Memory Clusters< with a new technology called Memory Inception, designed to improve cloud capacity and economics for memory-intensive workloads from ISVs like SAP, the SAS Institute, and others as well as large-model AI inference.

New Hardware-Enabled Security Capabilities including transparent memory encryption designed to support end-to-end security. The IBM POWER10 processor is engineered to achieve significantly faster encryption performance with quadruple the number of AES encryption engines per core compared to IBM POWER9 for today’s most demanding standards and anticipated future cryptographic standards like quantum-safe cryptography and fully homomorphic encryption. It also brings new enhancements to container security.

New Processor Core Architectures with an embedded Matrix Math Accelerator which is extrapolated to provide 10x, 15x and 20x faster AI inference for FP32, BFloat16 and INT8 calculations per socket respectively than the IBM POWER9 processor to infuse AI into business applications and drive greater insights.

“Enterprise-grade hybrid clouds require a robust on-premises and off-site architecture inclusive of hardware and co-optimized software,” said Stephen Leonard, GM of IBM Cognitive Systems. “With IBM POWER10 we’ve designed the premier processor for enterprise hybrid cloud, delivering the performance and security that clients expect from IBM. With our stated goal of making Red Hat OpenShift the default choice for hybrid cloud, IBM POWER10 brings hardware-based capacity and security enhancements for containers to the IT infrastructure level.”

POWER10-based systems can to support up to 3x increases in users, workloads and OpenShift container density for hybrid cloud workloads as compared to POWER9-based systems.

This can affect multiple datacentre attributes to drive greater efficiency and reduce costs, such as space and energy use, while also allowing hybrid cloud users to achieve more work in a smaller footprint.

Further, to address new security considerations associated with the higher density of containers, POWER10 is designed to deliver new hardware-enforced container protection and isolation capabilities co-developed with the POWER10 firmware. If a container were to be compromised, the POWER10 processor is designed to be able to prevent other containers in the same Virtual Machine (VM) from being affected by the same intrusion.

Cyberattacks are continuing to evolve, and newly discovered vulnerabilities can cause disruptions as organizations wait for fixes. To better enable clients to proactively defend against certain new application vulnerabilities in real-time, POWER10 is designed to give users dynamic execution register control, meaning users could design applications that are more resistant to attacks with minimal performance loss.

The POWER family has long been a leader in supporting a wide range of flexible deployments for hybrid cloud and on-premises workloads through a combination of hardware and software capabilities. The POWER10 processor is designed to elevate this with the ability to pool or cluster physical memory across POWER10-based systems, once available, in a variety of configurations. In a breakthrough new technology called Memory Inception, the POWER10 processor is designed to allow any of the POWER10 processor-based systems in a cluster to access and share each other’s memory, creating multi-Petabyte sized memory clusters.

For both cloud users and providers, Memory Inception offers the potential to drive cost and energy savings, as cloud providers can offer more capability using fewer servers, while cloud users can lease fewer resources to meet their IT needs.

As AI continues to be more and more embedded into business applications in transactional and analytical workflows, AI inferencing is becoming central to enterprise applications. The POWER10 processor is designed to enhance in-core AI inferencing capability without requiring additional specialized hardware.

With an embedded Matrix Math Accelerator, the POWER10 processor is expected to achieve 10x, 15x, and 20x faster AI inference for FP32, BFloat16 and INT8 calculations respectively to improve performance for enterprise AI inference workloads as compared to POWER9, helping enterprises take the AI models they trained and put them to work in the field. With IBM’s broad portfolio of AI software, IBM POWER10 is expected to help infuse AI workloads into typical enterprise applications to glean more impactful insights from data.

With hardware co-optimized for Red Hat OpenShift, IBM POWER10-based servers will deliver the future of the hybrid cloud when they become available in the second half of 2021. Samsung Electronics will manufacture the POWER10 processor, combining Samsung’s industry-leading semiconductor manufacturing technology with IBM’s CPU designs
source:electronicsweekly