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Google Tez has become the latest UPI-based payments app in the country, propelling the Internet search giant into the league of companies eyeing a piece of India’s digital payments pie. The new Google Tez app can be used to pay for movie tickets, utility bills, and make other transactions online. The company will hold a launch event for the app on Monday in New Delhi, but has made it official ahead of that. Tez means fast in Hindi, which the company said was one of the selling points of its new app. Google’s rivals such as Amazon and Facebook are also making efforts to tap the country’s digital payments market. Google Tez is a standalone payments app, available on Android and iOS, and is powered by UPI, a payments protocol built by government-backed organisation NPCI. The launch of Google Tez comes nine months after the company chief executive officer Sundar Pichai told NDTV in a televised interview that he was looking at UPI and ways to adopt it. “The app weighs just 7MB on An

The interest rate on PPF is benchmarked to yields on government bonds. Despite falling interest rates PPF or public provident fund remains one of the popular small savings schemes. Interest rate on PPF and other small savings scheme are being reset every quarter from April last year, as compared to the annual mode earlier. Investors in PPF currently get an interest rate of 7.8 per cent. The interest rate on PPF and other small savings schemes are benchmarked to yields on government bonds, with a small mark-up. In terms of tax implications, PPF enjoys EEE or exempt, exempt, exempt status – contribution, interest and maturity proceeds all are tax free. 10 Things To Know About PPF Rules 1) Only one PPF account can be maintained by an individual, except an account that is opened on behalf of a minor. Joint accounts cannot be opened. 2) A subscriber can open account on behalf of a minor but subject to maximum yearly contribution limit of Rs. 1.5 lakh in all the accounts. 3) Rs

The following is a list of important formulas for Percentage: 1.  Percent implies “for every hundred”. % is read as percentage and x % is read as x per cent. 2.  To calculate p % of y (p/100) x y = (p x y)/100 p % of y = y % of p 3.  To find what percentage of x is y: y/x × 100 4.  To calculate percentage change in value Percentage change = {change/(initial value)} x 100 5.  Percentage point change = Difference of two percentage figures 6.  Increase N by S % = N( 1+ S/100 ) 7.  Decrease N by S % = N (1 – S/100) 8.  If the value of an item goes up/down by x%, the percentage reduction/increment to be now made to bring it back to the original point is 100x/ (100 + x) %. 9.  If A is x% more /less than B, then B is 100x/(100 + x) % less/more than A. 10.  If the price of an item goes up/down by x %, then the quantity consumed should be reduced by 100x/ (100 + x)% so that the total expenditure remains the same. 11.  Successive Percentage Change If there are succ

The Parts of a Computer Motherboard The main printed circuit board in a computer is known as the motherboard. Other names for this central computer unit are system board, main board, or printed wired board (PWB). The  motherboard  is sometimes shortened to Mobo. Numerous major components, crucial for the functioning of the computer, are attached to the motherboard. These include the processor, memory, and expansion slots. The motherboard connects directly or indirectly to every part of the PC. The type of motherboard installed in a PC has a great effect on a computer's system speed and expansion capabilities. Major Motherboard Components and Their Functions Central Processing Unit (CPU) Also known as the microprocessor or the processor, the CPU is the computer's brain. It is responsible for fetching, decoding, and executing program instructions as well as performing mathematical and logical calculations. The processor chip is identified by the pro

BENGALURU: IT major Infosys  subsidiary EdgeVerve Systems's financial software product Finacle  will tie up with financial technology start-up Niki.ai to offer chat-based service to customers of banking clients, it was announced on Tuesday/ "The partnership will enable banks using our Finacle to offer its customers a virtual banking assistant for shopping products and services," said Infosys in a statement here. Funded by Tata czar Ratan Tata , Unilazer Ventures and SAP.iO, the city-based Niki is an AIbot which converses with banking customers  to help them shop for products and services and carry transactions speedily. Besides booking movie tickets, buses and hotels, the bot helps customers pay utility and phone bills and recharge easily. "For businesses, the chat bot is a plug-and-play technology that can be integrated everywhere, including operating systems, on messaging platform messenger and on their applications," said the statement. A software applica

BENGALURU: Paytm Mall  has set aside Rs 200 crore for the next four days that it will offer to users after they make a purchase. This sum is above and beyond the corpus allocated for discounts and cash backs on its platform. Being the first festive season for Paytm , the company has partnered with 50 brands for this programme in the run up to the sale. Paytm's move to offer additional freebies on every purchase is largely triggered by presence of rivals like Amazon  and Flipkart , who are also spending aggressively to attract users on their platform. Paytm's Mera Cashback Sale will be held from September 20-23 when others too will be hosting their annual sales. Named Lucky Lifafa, the programme will give a surprise gift to users after the completion of each order. "We will be giving away exclusive deals and exciting freebies with every order placed on the platform. We are confident this will add significant value to their festive shopping experience," said Ami