Switching to the UPS could be a game-changer for your retirement planning, especially if you value guaranteed benefits and higher government contributions, observes Ramalingam Kalirajan.
In a setback to the Centre, the Supreme Court on Thursday held that states have the legislative competence to impose taxes on mines and minerals-bearing lands under the Constitution.
The Nuclear Liability Bill will be taken up in the Lok Sabha on Wednesday, the day Parliament will resume after a three-day recess. Government sources said that the bill, to which the Union Cabinet had on Friday approved 18 changes as per the recommendations of the Standing Committee on Science and Technology, would be brought in the Lower House. The changes included a three-fold hike in the liability from Rs 500 crore to Rs 1,500 crore.
The cost of deposits is on the rise, but banks can't raise interest rate on close to 60% of their loan books, points out Tamal Bandyopadhyay.
'You will see him frequently asking customers -- especially retail -- about service experience, pain points, areas of improvement and suggestions.'
Sparking a controversy, a Congress candidate for the Jammu and Kashmir assembly elections has mentioned the marriage of his daughter as a "liability" in his affidavit submitted along with his nomination papers.
'The vision now is not just to look at national highways as a number of kilometres, but quality as well.'
'We are confident that over the next few years the government will strike a fine balance between populist measures and growth, and manage coalition partners well.'
One common mistake investors commit during profit booking is not having a plan for the redeployment of the money that comes into their account.
The Prime Minister's Economic Advisory Council warned of serious fiscal risks from growing off-Budget liabilities, which are estimated at 5 per cent of gross domestic product in 2008-09. This would be much more the budgeted central government deficit of 2.5 per cent of GDP for the year.
'The focus of the legislation will be to minimise user harm and increase the accountability of platforms, while also promoting innovation.'
The employers often split wages into different allowances to reduce their PF liability and also increase the take home pay of their workers.
Whether she will pare the fiscal deficit target of 5.1 per cent of GDP, using the record dividend received from the RBI, or expand flagship government programmes will be keenly watched.
'A mule operates someone else's account to transfer illegal money.'
What is in store for the Koodankulam nuclear power plants, asks S P Udayakumar.
'We are committed to achieving the targets we had outlined.'
One very important aspect of filing returns is the adjustment of losses. The Income Tax (I-T) Act allows taxpayers, under certain conditions, to set-off loss against income or gains, reducing the net tax liability.
Paving the way for early enactment of nuclear liability law, a Parliamentary Committee on Wednesday presented its report that addresses major concerns of the Bharatiya Janata Party as it recommended provision for "clear-cut" accountability of suppliers for any mishap involving an atomic plant.
The Bombay high court has directed a working woman to pay monthly maintenance of Rs 10,000 to her former husband who is unable to earn due to his ailments.
The clause 17 (b) proposes that the operator would have legal recourse if a nuclear accident results from the "willful act or gross negligence on the part of the supplier of the material, equipment or services, or of his employee."
The Bharatiya Janata Party on Thursday demanded a statement from the prime minister on media reports about the government's 'decision' to allow an American company to install a nuclear reactor diluting the provisions of Nuclear Liability Bill.
Longer-tenure FDs generally give higher returns. Nonetheless, going for a tenure higher than two to three years is not advisable.
Based on this settlement, the Supreme Court has disposed of the case on February 20.
The representation of women in the ongoing Lok Sabha polls continues to remain dismally low, as only about 12 percent of the candidates in the fray in the fifth phase are female, according to an analysis by poll rights body ADR.
Replying to the debate on the Finance Bill in Lok Sabha, the minister said he did not propose any change in the tax rate but only provided few rebates which will boost spending and help the economy.
Led by a new generation of entrepreneurs, India's family offices are shifting from traditional investments in physical and tangible assets like real estate to investing in technology, healthcare, and retail stocks. This new wave of family offices is engaging in stock market investments, including pre-IPO placements and secondary market operations. "Born into a world of technology, the next generation, especially those born after 2000, view technology as equally crucial as finance for running a business.
The government refuted the charge that the Nuclear Liability Bill was being brought under foreign pressure and said it is willing to refer the measure to a Parliamentary Standing Committee for scrutiny on Thursday.
Getting the requisite numbers to pass the Civil Liability for Nuclear Damage Bill 2010 in the Lok Sabha may be the least of the United Progressive Alliance's problems. Lawyers and legal experts, including those who support the legislation, say there are many instances of poor drafting and anomalies that have the potential to generate more controversy if the Bill is passed in its current form.
The Reserve Bank of India's (RBI's) decision to withdraw the incremental cash reserve ratio (I-CRR) is expected to benefit banks during the festival season. They are likely to increase deposit rates by up to 25 basis points (bps) in select maturity buckets. The rise in demand for funds to cover tax payments and meet quarter-end business targets could influence rate decisions by banks, according to bankers and money market executives.
There's far too much to be said against Nuclear Liability Bill
Many seniors mistakenly believe they need not file returns if tax is deducted at source (TDS) on income received. This is incorrect.
The Supreme Court on Monday referred to a five-judge Constitution bench a suit filed by the Kerala government raising the issue of ceiling on net borrowing.
'A mid-year review makes the end-of-year financial review manageable and less stressful.'
The court sentenced Patkar after considering the evidence before it and the fact that the case went on for over two decades.
'Isn't it obvious? Do you have a doubt? There is so much data that shows that there is quid pro quo.' 'There are many instances of donations being given after the raids, donations being given before the award of a contract and many other permutations and combinations.'
From its lows this month, the stock of Bharti Airtel is up 14 per cent. The gains for the telco have come on the back of expectations that market share consolidation, tariff hike and lower capex should boost margins and profits. While the company is a key player in the Indian market, it also has a leadership position in major markets of Africa.
In a blow to Delhi Chief Minister Arvind Kejriwal, the Delhi high court on Tuesday stayed the trial court order granting him bail in the money laundering case arising from the alleged excise scam, holding that the lower court did not "appropriately appreciate" the material placed before it by the Enforcement Directorate.
Taxing SoftBank, the largest shareholder in Flipkart with a little over 20 per cent stake, however, will be easier.
With high credit growth and healthy asset quality, listed commercial banks are expected to report steady growth in earnings during the fourth quarter ended March 2024 (Q4 FY24). Profits are expected to grow at 9.6 per cent year-on-year (Y-o-Y) and net interest income (NII) by 8.7 per cent in Q4 FY24, according to Bloomberg analysts' estimates. According to Motilal Oswal Securities, while bank credit growth has been robust, deposit growth has also gathered pace.
The Delhi high court on Tuesday permitted the mother of a Kerala woman, who is on death row in Yemen for killing a Yemeni national, to travel to the West Asian country to negotiate about blood money with the victim's family and save her daughter from the gallows.
