PayPal's Blog for purpose code.
From 3rd March onwards, PayPal will allow new bank withdrawals for its customers in India after receiving a 'Purpose Code' for the transaction
Electronic payment gateway PayPal has said that it would allow new bank withdrawals for its customers in India after receiving a 'Purpose Code' for the transaction.
In his blog, PayPal's business head for Asia-Pacific, Farhad Irani said, “When you select the ‘Withdraw Funds’ option on your PayPal account after 3rd March, we will ask you to fill out a new field entitled ‘Purpose Code’. This information is required under the laws of India in order to identify the nature of cross-border merchant transactions."
Mr Irani also clarified that Indian users will no longer be able to receive personal payments. Customers of Indian PayPal users will have three options for making any payment such as using the pay for purchases (goods or services) tab, completing PayPal checkout at the user's website and responding to PayPal “Request Money” instructions (invoices). However, for each payment, transaction users will have to provide a purpose code for the transaction.
The purpose code will help banks in India to furnish information required by the Reserve Bank of India to identify the nature of cross-border transactions, Mr Irani said.
He also said that according to Indian law, based on the value of withdrawal and the purpose code in the Indian customer's declaration, banks may require him/her to provide documentary proof such as invoices or goods receipt forms as applicable to reconcile with withdrawal.
Wednesday, March 3, 2010
HUL to be sued by P&G for controversial Ad .
Only a month back, Hindustan Unilever (HUL) was dragged to the advertising regulator by Procter & Gamble (P&G) for a shampoo ad.
But now, P&G is planning to take legal action against HUL because it says its detergent brand Tide has been shown in bad light in the latest Rin ad.
The battle for ‘safedi ki chamkaar’ and better fragrance will now move from TV screens into the courtrooms, as P&G is planning to file a defamation case against arch rival HUL for the latest Rin ad, said sources.
But now, P&G is planning to take legal action against HUL because it says its detergent brand Tide has been shown in bad light in the latest Rin ad.
The battle for ‘safedi ki chamkaar’ and better fragrance will now move from TV screens into the courtrooms, as P&G is planning to file a defamation case against arch rival HUL for the latest Rin ad, said sources.
Cement & steel to cost more
The rollback of the stimulus package has started making its impact. A 2 per cent hike in excise duty to 10 per cent and Rs 50 per tonne cess on coal coupled with raised fuel prices, have ensured an increase in cement prices, which are, of course, to pass through.
Sanjay Ladiwala, head of Cement Stockists and Dealers Association, said, “Since demand is strong in north and west, passing of excise duty is not a problem as even the transportation costs have increased. All regions except south have increased the prices. We are likely to see further price increase due to increased demand. We have just entered the peak demand period, which is likely to continue till mid-June.”
Sanjay Ladiwala, head of Cement Stockists and Dealers Association, said, “Since demand is strong in north and west, passing of excise duty is not a problem as even the transportation costs have increased. All regions except south have increased the prices. We are likely to see further price increase due to increased demand. We have just entered the peak demand period, which is likely to continue till mid-June.”
Ford to launch FIGO in India by March 9
Carmaker Ford India on Wednesday reported 22.67 per cent rise in its February sales at 3,223 units, as against 2,636 units in the same month of last year.
The company will also launch its small car Figo on March 9. "We are seeing an overwhelming response to our product line-up with the Fiesta and Endeavour recording strong year-on-year growth of more than hundred per cent," Ford India Executive Director (Marketing, Sales and Service) Nigel Wark said in a statement.
He said the company will continue to leverage the momentum in the run-up to the launch of the Ford Figo.
The company will also launch its small car Figo on March 9. "We are seeing an overwhelming response to our product line-up with the Fiesta and Endeavour recording strong year-on-year growth of more than hundred per cent," Ford India Executive Director (Marketing, Sales and Service) Nigel Wark said in a statement.
He said the company will continue to leverage the momentum in the run-up to the launch of the Ford Figo.
Olive launches Mobile phone with AAA battery module for use during empty mobile battery situation
Olive Telecommunications launched the FrvrOn hybrid mobile that runs on AAA batteries.
Priced at Rs. 1699, the phone is aimed at rural users who do not have access to a steady supply to power. The phone for the most part runs on a standard Li-ion battery. But when this battery runs out of power, the user can switch over to an AAA battery to continue using the phone.
The phone’s features include a 1.5-inch colour display, FM radio, polyphonic ringtones, stereo handset and speakerphone. Olive has previously launched a range of 3G enabled Netbooks called Zipbooks in India.
Priced at Rs. 1699, the phone is aimed at rural users who do not have access to a steady supply to power. The phone for the most part runs on a standard Li-ion battery. But when this battery runs out of power, the user can switch over to an AAA battery to continue using the phone.
The phone’s features include a 1.5-inch colour display, FM radio, polyphonic ringtones, stereo handset and speakerphone. Olive has previously launched a range of 3G enabled Netbooks called Zipbooks in India.
US FDA refuses to approve Ranbaxy's Flomax
India's largest drugmaker by sales Ranbaxy's US Food and Drug Administration (FDA) woes continue. The company was expected to launch a drug called Flomax in the US on Tuesday, which it could not after the FDA refused a final approval.
How big a hit is this to Ranbaxy's immediate and medium term valuations?
Sentiment was hit and the stock was down 6 per cent at one point in the trading day and all that because Ranbaxy could not launch generic Flomax in the US.
Ranbaxy failed to get a regulatory nod for launching a cheaper version of Astellas Pharma's Flomax, a drug used to treat an enlarged prostate gland.
How big a hit is this to Ranbaxy's immediate and medium term valuations?
Sentiment was hit and the stock was down 6 per cent at one point in the trading day and all that because Ranbaxy could not launch generic Flomax in the US.
Ranbaxy failed to get a regulatory nod for launching a cheaper version of Astellas Pharma's Flomax, a drug used to treat an enlarged prostate gland.
a Saudi women to get 300 lashings & 18 mnts imprisonment for complaining against authorities
A SAUDI woman's to get 300 lashings and 18 months' prison for filing complaints against court officials and being in court without a male guardian.
A human rights group said today Sawsan Salim was convicted last month in a court in Rass, in Qassim province, after petitioning officials in the kingdom's capital Riyadh.
The petition included King Abdullah over what she alleged was years of abuse by local justice officials, the US-based Human Rights Watch (HRW) said in a statement.
A human rights group said today Sawsan Salim was convicted last month in a court in Rass, in Qassim province, after petitioning officials in the kingdom's capital Riyadh.
The petition included King Abdullah over what she alleged was years of abuse by local justice officials, the US-based Human Rights Watch (HRW) said in a statement.
Taliban condemns on live coverage ban
They banned music, television and education for girls during their rule of Afghanistan, but the Taliban on Wednesday condemned a government ban on live broadcasts of their own attacks.
The Western-backed government has banned live coverage of militant assaults in a bid to prevent the Taliban exploiting television news to send messages to their operatives.
As the measure -- which applies to domestic and international media -- was criticised by journalists and rights groups, the Taliban joined the fray, calling it an attack on free speech.
The Western-backed government has banned live coverage of militant assaults in a bid to prevent the Taliban exploiting television news to send messages to their operatives.
As the measure -- which applies to domestic and international media -- was criticised by journalists and rights groups, the Taliban joined the fray, calling it an attack on free speech.
2 Newspaper offices in Karnataka attacked on Controversial Taslima issue
Two newspaper offices have been attacked in India's Karnataka state in unrest over an article allegedly written by the writer Taslima Nasreen.
Two Muslim protesters were killed in clashes with police after the article, which challenges the Muslim practice of veil wearing, appeared in local papers.
An unidentified group vandalised the office of the Kannada Prabha newspaper, which carried the article, police said.
Ms Nasreen has denied writing the article for the newspaper.
Two Muslim protesters were killed in clashes with police after the article, which challenges the Muslim practice of veil wearing, appeared in local papers.
An unidentified group vandalised the office of the Kannada Prabha newspaper, which carried the article, police said.
Ms Nasreen has denied writing the article for the newspaper.
Andhra to reinstitute Octopus Security force to curb rural terror
The state government is in no mood to restore to Octopus its original role of fighting urban terrorism and wants to use it as one of the security agencies of the police department.
The government has not taken any action so far on the suggestion of principal home secretary Gautam Kumar that the use of Octopus commandos for guarding strategic installations and important places of worship would render them useless to fight terrorists. “There are agencies that are trained to guard places on the hit list of terrorists. Octopus which has a specific task cut out for itself should not be wasted,” Gautam Kumar said at a meeting chaired by the chief minister. Soon after the meeting it seemed that Kumar’s sane advice would be given heed to, but a few days later this idea has been given up.
The government has not taken any action so far on the suggestion of principal home secretary Gautam Kumar that the use of Octopus commandos for guarding strategic installations and important places of worship would render them useless to fight terrorists. “There are agencies that are trained to guard places on the hit list of terrorists. Octopus which has a specific task cut out for itself should not be wasted,” Gautam Kumar said at a meeting chaired by the chief minister. Soon after the meeting it seemed that Kumar’s sane advice would be given heed to, but a few days later this idea has been given up.
US extends help to Indian aviation sector on its development
The US has offered to work with the Government and private sector to make the country a regional aviation hub.
"The US will work with Indian public and private sector partners to create economic opportunities and jobs in both countries," US Ambassador Timothy J Roemer told the ongoing India Aviation 2010 conference here today.
The US-India Aviation Programme, a public private partnership, will work together with the Director General of Civil Aviation on aviation security, he said. The US is the focus country in the five-day event which is being organised jointly by the Civil Aviation Ministry and industry Ficci, while France is the partner country.
"The US will work with Indian public and private sector partners to create economic opportunities and jobs in both countries," US Ambassador Timothy J Roemer told the ongoing India Aviation 2010 conference here today.
The US-India Aviation Programme, a public private partnership, will work together with the Director General of Civil Aviation on aviation security, he said. The US is the focus country in the five-day event which is being organised jointly by the Civil Aviation Ministry and industry Ficci, while France is the partner country.
Hyderabad Metro rail to employee 50,000 skilled & unskilled
Hyderabad Metro Rail is expected to trigger mammoth economic activity in and around the city and provide employment to about 50,000 people, Andhra Pradesh chief minister K Rosaiah said on Monday.
The chief minister, who reviewed the Rs 12,132-crore project at a meeting here, said it would provide employment for about 5,000 engineers and about 45,000 skilled and unskilled workers.
The chief minister, who reviewed the Rs 12,132-crore project at a meeting here, said it would provide employment for about 5,000 engineers and about 45,000 skilled and unskilled workers.
Plane crash in Begumpet airshow left two dead
Describing the crash of an Indian Navy aircraft in Hyderabad as tragic, US ambassador Timothy J. Roemer, who was present at the air show, said "these heartbreaking losses have even more piercing impact when you are part of the event".
Roemer is leading an American delegation to India Aviation 2010 in Hyderabad.
"What began as such a promising day has sadly ended so tragically," he said in a statement. "As the full extent of this tragedy is still becoming known, all of our thoughts and prayers are with those who lost their lives or were injured, and with their families," the US envoy said.
Roemer is leading an American delegation to India Aviation 2010 in Hyderabad.
"What began as such a promising day has sadly ended so tragically," he said in a statement. "As the full extent of this tragedy is still becoming known, all of our thoughts and prayers are with those who lost their lives or were injured, and with their families," the US envoy said.
Apple files lawsuit against HTC
Apple’s patent lawsuit against HTC will not cause major problems for the Taiwan technology company in the short term, analysts said Wednesday. But it could strain its relations with partners in the crucial U.S. market and test its leadership, adding to its challenges in the increasingly competitive smartphone field.
About half of HTC’s revenue comes from the United States, where its smartphones are bundled with services from providers like T-Mobile. HTC makes the Nexus One phone for Google under contract and also makes phones under its own brand.
About half of HTC’s revenue comes from the United States, where its smartphones are bundled with services from providers like T-Mobile. HTC makes the Nexus One phone for Google under contract and also makes phones under its own brand.
Pravin Mahajan assasin of Pramod Mahajan died in Hospital
Pravin Mahajan, who was sentenced to life imprisonment for killing his brother BJP leader Pramod Mahajan, died at a hospital in Thane on Wednesday after a prolonged illness.
He was admitted a hospital on December 11 last year after complaining of high blood pressure and later slipped into coma.
Pravin had been put on life support system and was struggling for life but failed to recover at the Jupiter Hospital where he was admitted, a close aide of the family said.
He was admitted a hospital on December 11 last year after complaining of high blood pressure and later slipped into coma.
Pravin had been put on life support system and was struggling for life but failed to recover at the Jupiter Hospital where he was admitted, a close aide of the family said.
Pilgrimage centres in terror map - central agencies
Pilgrimage centres, including the Vaishno Devi shrine in Jammu, are on terror radar, Union Minister of State for Home Affairs Mullappally Ramachandran said on Wednesday.
The Vaishno Devi shrine in Jammu could be targetted by terrorists,
the minister told the Rajya Sabha in response to a written question.
“Central security agencies have furnished inputs based on intelligence intercepts to that effect. It is not in public interest to disclose these facts.”
The Vaishno Devi shrine in Jammu could be targetted by terrorists,
the minister told the Rajya Sabha in response to a written question.
“Central security agencies have furnished inputs based on intelligence intercepts to that effect. It is not in public interest to disclose these facts.”
Pak to take on England in Hockey WC match
Pakistan are back in contention for a semi-final slot after their hard-fought win against Spain, but they have their task cut out as they take on European champions England in a Pool B encounter of the Hockey World Cup on Thursday.
Pakistan left behind the disappointment of a 1-4 loss to India on Sunday to regroup and carve out a 2-1 win over Spain with a determined effort that also saw the sub-continental side cutting down on their traditional flair at the Major Dhyan Chand National Stadium.
Pakistan left behind the disappointment of a 1-4 loss to India on Sunday to regroup and carve out a 2-1 win over Spain with a determined effort that also saw the sub-continental side cutting down on their traditional flair at the Major Dhyan Chand National Stadium.
Pak to get advanced weapons from US
Pakistan will also soon take possession of a dozen American-made surveillance drones and 18 late-model F-16 fighter jets, sharply expanding the Pakistani military's ability to track and strike targets in remote, insurgent-controlled parts of the country.
The laser-guided-bomb kits could spark some unease in India, where officials have been warily watching the expanded U.S. military aid to Pakistan and wondering if the weapons would one day be turned against them. India lobbied against recent U.S. legislation giving Pakistan billions of dollars in new nonmilitary aid, though the measure passed anyway.
The laser-guided-bomb kits could spark some unease in India, where officials have been warily watching the expanded U.S. military aid to Pakistan and wondering if the weapons would one day be turned against them. India lobbied against recent U.S. legislation giving Pakistan billions of dollars in new nonmilitary aid, though the measure passed anyway.
Suicide attack in school kills a boy in Pak - More attacks reported
Taliban militants blew up a boys' school and assailants threw grenades at a music event, killing a student, in separate incidents in north and southwest Pakistan, officials said Wednesday.
The boys' school attack took place overnight in the Spin Qabar area of Khyber, a lawless district that straddles the main supply line for NATO troops fighting the Taliban in Afghanistan.
"All four rooms of the government boys' primary school were completely destroyed. Taliban are responsible," Khyber's top administrative official Shafirillah Khan told .
The boys' school attack took place overnight in the Spin Qabar area of Khyber, a lawless district that straddles the main supply line for NATO troops fighting the Taliban in Afghanistan.
"All four rooms of the government boys' primary school were completely destroyed. Taliban are responsible," Khyber's top administrative official Shafirillah Khan told .
Air India to get more fund in the next fiscal -- Praful Patel
National carrier Air India would get Rs. 1200 crore more next fiscal as committed by the government in the annual budget, Civil Aviation Minister Praful Patel said Wednesday.
"This will be over and above Rs.800 crore ($160 billion) equity infusion which was approved by the government last month for Air India," Patel said, addressing reporters here on the sidelines of the International Exhibition and Conference on Civil Aviation.
"This will be over and above Rs.800 crore ($160 billion) equity infusion which was approved by the government last month for Air India," Patel said, addressing reporters here on the sidelines of the International Exhibition and Conference on Civil Aviation.
23 Hrs power supply for Bangalore city - assures CM
Believe this only if you're an incorrigible optimist - from Wednesday, Bangalore will get 23 hours of uninterrupted power every day; other cities/towns for 22 hours. We're now so used to constant outages that we're ready to clutch at any promise.
This assurance came from none other than chief minister B S Yeddyurappa himself, at the assembly on Tuesday. In rural areas, it'll be 6 hours of power through three phase, 6 hours through single phase and uninterrupted power supply from 7 pm to 11 pm.
This assurance came from none other than chief minister B S Yeddyurappa himself, at the assembly on Tuesday. In rural areas, it'll be 6 hours of power through three phase, 6 hours through single phase and uninterrupted power supply from 7 pm to 11 pm.
Govt revives 3 closed stateowned vaccine units ..
Faced with acute shortage of vaccines, the Centre had given its nod for revival of three stateowned vaccine manufacturing units, the Central Research Institute at Kasauli in Himachal Pradesh, Pasteur Institute of India at Coonoor and BCG Vaccine Laboratory in Chennai.
After a calculated assessment and evaluation, the Ministry of Health and Family Welfare had revoked the suspension of licences of these vaccine manufacturing units.
The government had suspended the licences of these vaccine manufacturing units two years ago.
After a calculated assessment and evaluation, the Ministry of Health and Family Welfare had revoked the suspension of licences of these vaccine manufacturing units.
The government had suspended the licences of these vaccine manufacturing units two years ago.
AI staffer arrested on molesting a 9 Yr old NRI in Airport- released on bail after a hour
An Air India staffer, asked to safely escort two sisters aged 9 and 6, molested the elder girl in the high-security international terminal of the airport early on Tuesday.
The molester, Reza Ahmed (54), and a colleague who tried to help him out were arrested but got bail on a surety of just Rs 1,000 each. They have been suspended by Air India.
The incident is an indicator of the state of affairs at the airport. The crime was caught on CCTV, but the CISF reacted only when the mother — an NRI — started screaming and passengers started thrashing Ahmed.
The molester, Reza Ahmed (54), and a colleague who tried to help him out were arrested but got bail on a surety of just Rs 1,000 each. They have been suspended by Air India.
The incident is an indicator of the state of affairs at the airport. The crime was caught on CCTV, but the CISF reacted only when the mother — an NRI — started screaming and passengers started thrashing Ahmed.
Lok Sabha Adjourned for an Hour after protests by Oppn
The Lok Sabha was on Wednesday adjourned for an hour till noon after Opposition members protested against the hike in fuel prices.
As soon as the House convened for question hour after a four-day Holi break, Samajwadi party members went close to the speaker's podium shouting slogans. The main opposition Bharatiya Janata Party (BJP) members followed suit.
Lok Sabha Speaker Meira Kumar sensed the mood of the opposition MPs and adjourned the house for an hour.
As soon as the House convened for question hour after a four-day Holi break, Samajwadi party members went close to the speaker's podium shouting slogans. The main opposition Bharatiya Janata Party (BJP) members followed suit.
Lok Sabha Speaker Meira Kumar sensed the mood of the opposition MPs and adjourned the house for an hour.
Proteas will play in IPL-3 despite security concerns - Smith
South African players due to play in the Indian Premier League later this month are likely to honour their contracts despite security concerns.
That is according to Proteas captain Graeme Smith, who is confident the authorities in India will provide sufficient security for players.
"It's an ongoing thing," Smith said. "I think it's 99% certain that every player will be going. I know Cricket South Africa, the player associations and the IPL are doing everything possible to make sure that everyone's security fears are addressed."
That is according to Proteas captain Graeme Smith, who is confident the authorities in India will provide sufficient security for players.
"It's an ongoing thing," Smith said. "I think it's 99% certain that every player will be going. I know Cricket South Africa, the player associations and the IPL are doing everything possible to make sure that everyone's security fears are addressed."
Aus defeat India in Hockey WC match
A dismal India were jolted out of their euphoria as Australia spanked them 5-2 in the hockey World Cup on Tuesday night.
On a high after Sunday's fairytale 4-1 victory against Pakistan, the Indians were in for a shock as Olympic silver medallist Australia opened their account as early as in the second minute and there was no stopping them.
The mighty Australians toyed with the Indian defence and scored through Glenn Turner (10th minute, 43rd), Liam De Young (2nd), Desmond Abbott (26th) and Luke Doerner (42nd).
For India, Vikram Pillay (35th) and captain Rajpal Singh (53rd) sounded the board.
On a high after Sunday's fairytale 4-1 victory against Pakistan, the Indians were in for a shock as Olympic silver medallist Australia opened their account as early as in the second minute and there was no stopping them.
The mighty Australians toyed with the Indian defence and scored through Glenn Turner (10th minute, 43rd), Liam De Young (2nd), Desmond Abbott (26th) and Luke Doerner (42nd).
For India, Vikram Pillay (35th) and captain Rajpal Singh (53rd) sounded the board.
Tendulkar suggested for Bharat Ratna - Maha Govt
Master blaster Sachin Tendulkar, whose name has been suggested for the highest civilian award by Maharashtra Government has said that the 'Bharat Ratna' is every Indian's dream.
The Maharashtra Government has asked the Centre to confer Tendulkar with the prestigious 'Bharat Ratna' for his contribution to the game and making the country proud.
The Maharashtra Government has asked the Centre to confer Tendulkar with the prestigious 'Bharat Ratna' for his contribution to the game and making the country proud.
Maoists offer for talks a Bizzare - Chidambaram
Union Home Minister P Chidambaram today described as "bizarre" last month's reported offer by Maoist leader Koteshwar Rao for a truce and talks because, barely three hours later, the Maoists attacked a joint patrol party of the West Bengal and the Central Reserve Police Force (CRPF) in Lalgarh, West Bengal.
At a press conference held here to present the monthly report of his Ministry, Mr Chidambaram recalled that the patrol party had retailiated and three people were killed.
At a press conference held here to present the monthly report of his Ministry, Mr Chidambaram recalled that the patrol party had retailiated and three people were killed.
BIG 92.7 Fm set to launch Mobile radio in 17 Languages
According to a company release, BIG Mobile Radio, which is an initiative from BIG 92.7 FM, will give mobile users the option to listen to 17 multi-lingual specially programmed channels. BIG 92.7 FM is run by Reliance Media World's radio division.
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