This is the second postponement of the DBT launch in LPG. It was initially planned to be introduced from January 1.
'We expect the new government to look into the issue of penalties imposed on technology firms involved in UID related projects.'
Rejecting contentions that the government is implementing the Aadhar enabled Direct Benefit Transfer (cash transfer) system in a hurry, Finance Minister P Chidambaram told the Rajya Sabha on Thursday that the measure being implemented step by step will eliminate leakages, delays, duplicacies and falsification.
Governments should move away from universal subsidies towards tightly targeted transfers, backed by stricter eligibility norms, sunset clauses and periodic audits to curb leakages and improve spending efficiency, a joint study by Asian Development Bank and PwC has recommended.
A man from Beed, Maharashtra, has been arrested for allegedly posing as a government official and defrauding women by promising them benefits under various government schemes. The accused used the money to fund his alcohol addiction.
Assam Chief Minister Himanta Biswa Sarma on Friday launched a financial assistance scheme for 'Udasin Bhakats', providing monthly support of 1,500 to celibate Vaishnavite monks associated with Satras across the state.
The 12-month programme is expected to offer shorter internship duration in the third phase of the pilot in certain sectors such as services.
After a gap of more than three years, the central government has agreed to resume the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) works in West Bengal with immediate effect, but subject to mandatory adherence to stringent conditions. These include a prohibition on any work valued at more than 20 lakh, compulsory 100 per cent electronic know-your-customer (eKYC) verification of all workers, and mandatory pre-estimation field visits for all works before they are undertaken.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
In a world fractured by uncertainty, India stands out for its policy consistency, paired with sustained ambition, points out Pritam Banerjee.
While this doesn't mean that air travel is now a breeze, what it does mean is that you now have more rights and more control over your money.
Haryana Chief Minister Nayab Singh Saini has refuted claims by the opposition regarding the cancellation of old-age pensions, calling them baseless and politically motivated. He assured that the government is verifying discrepancies to ensure only eligible beneficiaries receive pensions and highlighted the increase in pension amounts and the number of beneficiaries under the current regime.
Trade deals ease risks for Indian equities, but weak demand and stretched valuations raise questions over whether optimism -- especially in smallcaps -- can turn into a sustained bull run, points out Debashis Basu.
Only Rs 3,000 cr has been disbursed. Over 80% of these transfers were for cooking gas subsidy.
JSW Steel Ltd (JSTL) has announced a restructuring that unlocks value from Bhushan Power & Steel Ltd (BPSL) and changes the balance-sheet. JSTL will do a slump sale of 50 per cent stake in BPSL to Japan's JFE Steel in two equal tranches, totalling Rs 15,700 crore in cash.
The deal shifts the US posture towards India from hostile to neutral, and that matters for growth, points out T T Ram Mohan.
Among its 27 recommendations for the Union Budget is this: It has suggested that equity investments held for more than one year and up to three years should be taxed at 12.5 per cent on gains exceeding 2 lakh in a financial year.
A new report indicates that increasing unconditional cash transfer schemes for women across 12 Indian states are impacting their fiscal health, with six states projecting revenue deficits.
Finance Minister Nirmala Sitharaman on Tuesday launched the foreign currency settlement system in GIFT IFSC, which will facilitate seamless transactions on real-time basis, enhance liquidity management, and ensure compliance.
With less than six months left for this financial year and poor response from applicants, launching the scheme this year is unlikely.
Markets regulator Sebi board on Wednesday approved a series of measures aimed at improving investor convenience, easing compliance norms, and deepening participation in the capital and debt markets.
Children who obtained Aadhaar when they were below the age of five need to mandatorily update their biometrics after crossing age of seven, else they will have to face risk of deactivation of their unique ID, according to an official statement.
The 'Mahagathbandhan' alliance in Bihar is expected to finalize its seat-sharing arrangement and announce candidates along with a joint manifesto soon. Talks between RJD and Congress are ongoing, with potential meetings in Delhi. The Congress is aiming for a respectable number of seats and highlighting the desire for change in Bihar.
'For politicians, winning the next election has become more important than economic stability of the country and broader national interest.'
'If a charitable or religious trust sells a capital asset -- such as land, buildings, shares -- and makes a capital gain, it can avoid paying tax on that gain if it reinvests the proceeds in another capital asset for its charitable purposes.'
'When you think of cross-border payments, the first things that come to mind are risk, compliance, taxation, speed, and cost.'
The story of Bihar's educational reform is a lesson for all reforms done halfway.
'...the electoral playing field is tilted significantly in its favour.'
Pahal looks to cut down diversion and eliminate duplicate.
'There is no retrospective changing of the law, only its simplification.'
The Maharashtra government has transferred Rs 17,505.90 crore into the bank accounts of 2.38 crore women beneficiaries under its Ladki Bahin Yojana till December 2024, in the first five months after the scheme was launched. The scheme, launched in August 2024, provides financial assistance of Rs 1,500 per month to eligible women. The objective of the scheme is to promote employment and economic development by providing adequate facilities to women and girls in the age group 21 to 65 years. The scheme aims to promote the empowerment of women and girls and improve the health and nutritional status of women and children dependent on them.
'We have seen that stablecoins lack the basic attributes of money, their advantages are neither unique nor unambiguous and their risks are all too real.'
Byju's founder Byju Raveendran is preparing to file a $2.5 billion damages claim, alongside new evidence in a US court that he says disproves GLAS Trust's allegations that $533 million in 'Alpha Funds' was diverted by the company's founders.
'Bihar's voters' electoral memory is long, and their evaluations are relational; who came to the village, who followed up, who resolved a problem.'
Avoid donating without checking the receipt proforma showing the political party's ECI registration number and PAN.
'Removing Nitish Kumar prematurely risks unsettling both the alliance balance and parts of the social coalition that delivered this victory.'
The direct cash transfer scheme is not a "jaadu ki chhadi" (magic wand) to reform a "broken down" delivery system and problems are there in its implementation, Union Minister Jairam Ramesh said on Sunday.
Debtor alleges evidence from OCI Ltd shows funds were "round-tripped" to Byju Raveendran despite his earlier sworn statements -- claims Byju's founders strongly reject.
The seeding of LPG database with Aadhar numbers is above 55 per cent and overall Aadhar penetration is 90 per cent in these districts.
About 85 per cent of the digital payment transactions take place through UPI in India, and the country can be a case study in inclusive, secure, and scalable Digital Public Platforms (DPPs), Reserve Bank Governor Sanjay Malhotra has said. He was speaking at a "High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms" organised by RBI on the sidelines of the Annual Meetings of the World Bank and International Monetary Fund in Washington, DC on Tuesday.
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