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Tag: services

GE contracted for repair services on Super Hornet, Growler aircraft

GE contracted for repair services on Super Hornet, Growler aircraft

Business
Jan. 10 (UPI) -- Naval Supply Systems Command Weapon Systems Support has awarded General Electric with a contract for services in support of the F/A-18 E-F Super Hornet and EA-18G Growler.The $ 74 million contract, announced by the Department of Defense on Tuesday, is a six-month contract calling for "performance-based logistics requirements," repairs and program support.Specifically, the contract taps General Electric to support the repair of 773 F414 engine components of the F/A-18 E and F, as well as the EA-18G aircraft.The work, for the most part, will be completed at a variety of General Electric supplier locations, with some also expected to be done at the Fleet Readiness Center Southeast in Jacksonville, Fla.Work on the contract is expected to be completed by June 2018, with the Nav...
Aadhaar linking deadline likely to be extended for all financial services, instruments

Aadhaar linking deadline likely to be extended for all financial services, instruments

Finance
NEW DELHI: The government is likely to extend the deadline for linking Aadhaar with other financial investments/instruments beyond December 31. This is clear from the amendment in the Prevention of Money Laundering Rules made via a notification yesterday. The amendment removes the deadline of December 31, 2017 and replaces it with 'a date to be notified by the government'. This means that now the government can simply extend the date for linking of Aadhaar with bank accounts, mutual funds, insurance, PF accounts, post office schemes, and so on by issuing a notification. The amendment makes it clear that if the linking of Aadhaar is not done by the date to be notified by the government, the account or folio of the individual would be blocked. Earlier, the government had set a deadli...
Airtel Payments Bank ties up with HPCL for ATM services

Airtel Payments Bank ties up with HPCL for ATM services

Finance
Airtel Payments Bank, which has achieved 10 million customer base since launch, has tied up with Hindustan Petroleum Corporation Limited for enabling all its petrol stations that are typically cash surplus to be used as ATM points for customers of the bank. In order to grow scale and reach a larger customer base which may be unbanked, CEO Shashi Arora tells Gulveen Aulakh that the government should do away with the requirement of filling Form 60 for users who have annual income less than Rs 2 lakh. Q: What is the most innovative feature that you’re doing at Airtel Payments Bank? A: We’re rolling out UPI, and we would reflect in BHIM app as well, for that matter in any UPI enabled app. We’ve got 10 million plus customers, which has given us critical mass, which a new entity like us would