Thu, Mar 30, 2017 | updated 06:11 AM IST

For Diwali, an ATM that dispenses gold coins in Bengaluru

Updated: Oct 26, 2016 07:41 IST

Bengaluru (Karnataka) [India], Oct.26 (ANI): A unique automatic telling machine (ATM) has grabbed the attention of people in Bengaluru, as instead of dispensing money, it accepts money from users and dispenses gold coins in exchange.

This one of its kind experiment has been initiated by online jewellery company BlueStone on the occasion of Diwali.

The mechanism behind its usage is quite simple and a frequent ATM user can operate it without any hassle.

"It is very simple and easy. For buying a gold coin, it really saves your time and there is no need to go to the store to buy a simple gold coin. It's just on your finger tip, it is very easy," said Monica, a customer.

It gives a customer multiple options to pay the amount. The user can either pay by cash or by credit or debit card. One can get gold coins weighing from one gram to 20 grams at market rates. While delivering gold coins, the machine delivers you a certificate of purity and genuineness.

"We have all kinds of denomination which normally a consumer looks. Coins ranging from 1 gram to 20 grams are available at this ATM and prices are very competitive, pretty much in sync with what gold prices are right now," the Chief Operating Officer of BlueStone, Arvind Singhal, told ANI.

Company representatives are satisfied with the response and are hopeful that these machines can be set up in other cities, given the success of this experiment in Bengaluru. (ANI)

Mahoba (Maharashtra) [India], Mar. 30 (ANI): At least eight people suffered injuries on Thursday after eight coaches of Delhi bound Jabalpur-Mahakaushal express derailed near Uttar Pradesh's Mahoba railway station.

Full Story >>

Shiv Sena hails 'revolutionary' Finance Bill

Updated: Mar 30, 2017 05:43 IST

New Delhi [India], Mar. 30 (ANI): Supporting the passage of Goods and Services tax (GST) supplementary bills in the Lower House, The Shiv Sena on Thursday called it a 'revolutionary bill'

Full Story >>

GST will benefit all, says Oscar Fernandes

Updated: Mar 30, 2017 05:42 IST

New Delhi [India], Mar. 30 (ANI): Going against the party line, which expressed displeasure over the passage of the Goods and Services Tax (GST) Bill, Congress leader Oscar Fernandes on Thursday supported the Centre's move and said that the country would be benefitted under the new tax regime.

Full Story >>

"Too early" to make observation on GST: CPI

Updated: Mar 30, 2017 05:17 IST

New Delhi [India], Mar. 30 (ANI): After Finance Minister Arun Jaitley claimed that Goods and Services tax (GST) will not have any inflationary impact, The Communist Party of India (CPI) on Thursday said that it is "too early" to make such an observation as nobody is clear of the consequences and the outcome of the "unknown terrain".

Full Story >>

New Delhi [India], Mar. 30 (ANI): The Bharatiya Janata Party (BJP) on Thursday said that the recent militants attack at a police station in south Kashmir's Kulgam depicts that supply of terrorists from across the border is continuing to disrupt the tranquility in the valley.

Full Story >>

New Delhi [India], Mar. 30 (ANI): The Supreme Court will on Thursday hear a batch of petitions seeking modification of its December 2016 order banning liquor outlets within 500 metres of state and national highways across the country.

Full Story >>

New Delhi [India], Mar. 30 (ANI): The Supreme Court will today continue the hearing in connection with the plea of Indian Hotels Company Limited (IHCL) against the Delhi High court order allowing the New Delhi Municipal Council (NDMC) to auction the Taj Mansingh Hotel, located in the Lutyen's zone.

Full Story >>

Amritsar (Punjab) [India], Mar. 30 (ANI): An Indian national from Jammu and Kashmir who had inadvertently crossed over to Pakistan has been repatriated to India, seven months after he was captured by the Pakistani officials.

Full Story >>

New Delhi [India], Mar. 30 (ANI): The Supreme Court will on Thursday hear various petition on the Constitutional legitimacy of triple talaq and polygamy in the Muslim community.

Full Story >>

New Delhi [India] Mar. 29 (ANI): With the Lok Sabha passing the Goods and Services Tax (GST) Bill today, the Congress has expressed its disappointment calling the development as a violation of the Constitution.

Full Story >>

Srinagar [India], Mar. 29 (ANI): Jammu and Kashmir Director General of Police (DGP) S. P. Vaid met Union Minister of State Dr. Jitendra Singh here today and held a detailed discussion with him about the prevailing situation in Kashmir, in the aftermath of yesterday's violence in Budgam which resulted in the death of three civilians and injuries to other locals, as well as security personnel.

Full Story >>

Srinagar [India], Mar. 29 (ANI): In Jammu and Kashmir, eight candidates of different political parties, including People's Democratic Party (PDP), Bhartiya Janata Party (BJP), National Conference (NC) and Indian National Congress (INC) today filed their nomination papers for Legislative Council elections.

Full Story >>

New Delhi [India], Mar. 29 (ANI): A gang involved in bank account fraud has been busted on Wednesday, where two Nigerian nationals along with seven others were arrested.

Full Story >>

TVF CEO Arunabh Kumar booked for molestation

Updated: Mar 29, 2017 22:40 IST

Mumbai (Maharashtra) [India], Mar. 29 (ANI): A case of molestation was filed against the 'The Viral Fever' CEO Arunabh Kumar on Wednesday following the complaint of a victim at the Maharashtra Industrial Development Corporation (MIDC) Police Station.

Full Story >>

Raipur (Chhattisgarh) [India] Mar. 29 (ANI): Chhattisgarh Chief Minister Raman Singh today announced the implementation of Seventh Pay Commission for state government employees.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Striding out confidently from the Parliament after the Goods and Services Tax (GST) Bill was finally passed, Finance Minister Arun Jaitley on Wednesday said the passage of the bill in the House was history is in the making, adding that the country will witness transforming into a new system of indirect taxation.

Full Story >>

New Delhi [India], Mar. 29 (ANI): With the Lok Sabha passing the Goods and Services Tax (GST) Bill today, Revenue Secretary Hasmukh Adhia applauded the GST council members' efforts that led to bearing fruit in terms of four classic pieces of legislations.

Full Story >>

New Delhi [India], Mar. 29 (ANI): The Lok Sabha today passed four key Goods and Services Tax Bills, rejecting amendments moved by the opposition. The Bills are related to Central GST, Integrated GST, UT GST and GST Compensation.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Ahead of the upcoming Municipal Corporation of Delhi (MCD) elections, Congress leader Shashi Tharoor on Wednesday asserted that his party will be approaching the people of Delhi soon with a positive agenda and unprecedented professional manner.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Condemning the Finance Bill which was passed today, the Congress said that the Bharatiya Janata Party (BJP) was acting headstrong in the matter and not heeding the Opposition, adding that the amendments are against the economy.

Full Story >>