In a big relief to over a crore retired employees of government and PSUs, a pensioner can now digitally provide proof of his existence to authorities for continuity of pension every year instead of requiring to present himself physically or through a Life Certificate issued by specified authorities.
He will succeed incumbent Rajiv Gauba, who completes his unprecedented five-year term in the top bureaucratic post this month-end.
In order to further enhance customer convenience, and to leverage the 24x7 availability of real-time gross settlement (RTGS), NACH which is currently available on bank working days, is proposed to be made available on all days of the week effective from August 1, 2021, RBI's Shaktikanta Das said.
'Any earnings, regardless of location, will be subject to Indian income tax.'
'The aged with retina and finger print issues are not getting access to pension and ration.' 'If all becomes digital -- what'll happen to the poor?'
While Jamaat cannot take part in the elections due to the ban imposed on it by the Union home ministry, it had shown interest in participating in the polls during the Lok Sabha elections if the ban were removed.
'What happened was that over a period of time, the data analytics showed that many were claiming it and that it was being misused'
Nayab Singh Saini on Wednesday staked claim to form the next government in Haryana, hours after he was unanimously elected as the leader of the Bharatiya Janata Party legislature party in the state.
Finance Minister Arun Jaitley, who wants pension and insurance funds to invest more in equities and infrastructure.
Ramalingam Kalirajan explains the pros and cons of both investment types.
The range of food at banquets at the Mughal court consisted of delicacies that commoners could not ever dream of.
Turning down the suggestion of Parliamentary Standing Committee, the Union Cabinet also decided that there would be no guarantee of assured returns on schemes by pension funds.
The fund will promote domestic shipbuilding of all types and sizes to reduce India's dependence on foreign ships.
rediffGURU T S Khurana answers readers' personal income tax queries.
During the briefing, Jaiswal reiterated that so far no evidence has been shared by Canada.
It has the scope to offer better returns to savers and help government finance important projects.
Run by a former cricketer and son of India's military heroes, Mike's Forest Retreat is an ode to all that we hold dear.
The order also provides that the field office will incur expenditure on the facilitation function under the head of publicity.
This Act had to be excluded from the list of the obsolete laws to be repealed as some of its provisions provide security to the pensioners against attachment of pension
'Is the Agniveer scheme or their post-retirement re-employment in paramilitary forces or in the state governments the BJP's answer to the crying need on the job front?' 'Or, even Finance Minister Sitharaman's one-year internship scheme in the public and private sector, is it a permanent solution, either?', asks N Sathiya Moorthy.
The choice of tax regime dictates how your income will be taxed. If you don't make the right pick, you might end up losing money.
A summary of sports events and persons who made news on Thursday
The Indian Air Force, in particular, has grown from a very modest beginning just about 90 years ago, to being "one of the most formidable air forces in the world", the IAF chief said.
All citizens of the country will be able to avail of pension facility from Friday, with the interim pension regulator PFRDA confirming the scheduled launch of the mega pension plan in a statement on Thursday.
After a lacklustre start, the New Pension Scheme, a safety net thrown open to all citizens of the country in May this year, is slowly picking up with as many as 843 customers joining it in the first two and a half months.
The total allocation to the defence sector is 12.9 per cent of the total budget of the government of India for the financial year 2024-25.
So far 2,06,024 pensioners have submitted DLCs.
The Maharashtra cabinet on Thursday cleared a proposal that offers an option of availing the Old Pension Scheme (OPS) to the state government employees who joined the service after November 2005.
If you don't make the necessary adjustments after October 1, 2024, you'll stop earning interest on accounts that aren't in compliance rediffGURU Milind Vadjikar
Sitaram Yechury strived to have the country's Left movement shed its doctrinaire approach to India's socio-cultural complexities and stitch electoral and social alliances to fight the Sangh Parivar.
The Union government is keen to ensure financial security for unorganised sector workers
The government expects the pension sector to overtake insurance segment once it is opened up to private players.
In a pension product, on the other hand, you make regular contributions during your earning years and then get a regular pay-off after a certain number of years
Here's a look at pension plans and the role they play in the individual's retirement planning exercise.
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The Department of Pension and Pensioner's Welfare is working on this front with the vision of ensuring a life of dignity for pensioners, Minister of State for Personnel, Public Grievances and Pensions Jitendra Singh said.
Interim pension regulator PFRDA will come out with investment guidelines for its mega pension plan by the middle of this month.
Paris Paralympics Pranav Soorma and his father Sanjeev have quite a few things in common, the most striking being their looks -- well-groomed beards complimented by their ponytail hairstyle.
