deadline | Common News Update

Dec132017 by adminNo Comments

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...

Oct152017 by adminNo Comments

Deadline looms for you to spend old £1 coins

Business

They have been in circulation for the past 34 years and more than 1.6 billion of them have been minted, but from midnight they will cease to be legal tender.However, people should not panic if they miss the 15 October deadline as major banks and building societies and some big stores are giving them extra time to use them.The new 12-sided pound coin went into circulation in March and has new high-tech security features designed to thwart counterfeiters.Image:The new 12-sided pound coin went into circulation in MarchOf the big supermarkets, Sainsbury's has already made the switch to the new coins, both at the till and with its trolleys, while Tesco says it will accept the old coins, but for a further week only.As for small businesses, the advice to them is to be prudent and understanding.Al...

Sep282017 by adminNo Comments

Ryanair given deadline to obey compensation rules

Business

Ryanair has been told to correct its compensation policy for passengers by Friday afternoon after thousands of its flights were cancelled.The UK's Civil Aviation Authority says the airline must stop misleading passengers about the option to be re-routed with another airline.The regulator has ordered the budget airline to say publicly how it will re-route passengers who require it.Ryanair must also say how it will reimburse their out-of-pocket expenses.Passengers left 'furious' at RyanairRegulator 'fury' over Ryanair law breachRyanair: the 34 routes being suspendedRyanair cancellations: What are my rights?In addition, the airline must promise to help any of the passengers whose flights have been cancelled in the past two weeks, but who may have chosen an unsuitable option as a result of bei...

Jun242017 by adminNo Comments

Building society's account deadline axed

Business

A deadline for the closure of current accounts with the Norwich and Peterborough (N&P) has been cancelled, with 30% of customers still to receive letters explaining the move.It was announced in January that the building society's brand is to be abolished, some branches closed, and current accounts shut down.The plan was for customers to move or close accounts by the end of August.But its owner, the Yorkshire Building Society, now says there is no deadline.The Yorkshire - the UK's second biggest mutual - said that about 35% of the 100,000 customers affected had already closed their current account, switched to another bank, or was in the process of doing so.It was staggering the flow of letters to affected customers to avoid a rush of inquiries, and has now written to 70% of those affec...