Here are some frequently asked questions about the one rank, one pension scheme
The draft scheme, seen by PTI, said it will provide an option and a respectable exit route to employees who have reached a level of saturation in their career, may not be at the peak of their performance, have some personal issue or want to pursue their professional or personal life outside the bank.
'These include economic prosperity, a promising future for youth, empowerment for women, a thriving society, robust healthcare, quality education, elevated living standards, agricultural prosperity, and robust social security coupled with effective governance.'
Sukhu said that he was a warrior and will fight till his last to ensure the welfare of the state and its people.
'The adjustments (of tax slabs and standard deduction) will reduce the tax burden for salaried individuals with an income of around Rs 20 lakh by approximately Rs 18,000.' 'For non-salaried individuals with the same income level, the savings will be around Rs 10,000.'
Rajasthan Chief Minister Ashok Gehlot on Friday announced his government's decision to form 19 new districts and three new divisions in the state, earmarking Rs 2,000 crore for development of infrastructure for them.
It has initiated efforts to get full details only now.
The Reserve Bank of India's retail direct scheme is off to a good start but the central bank itself sees it as an additional avenue and not an alternative to the existing one. Still, a reasonable expectation is to have at least 100,000 investors within a month of it being operational, and that could be well under way, if the latest trend is to sustain. The registration in the retail direct platform has crossed 35,000.
The government wants to reduce the rate of contribution - part of the employee's share - for a class of workers depending upon age, income or gender, without changing the contribution from the employer's share.
Tax-saving investments should not be made with the sole purpose of saving tax, but should also help an individual grow his wealth, suggests Archit Gupta, founder and CEO, ClearTax.
From how to open an NPS Vatsalya account to knowing how this scheme compares to investing in mutual fund or in provident fund, Ramalingam Kalirajan offers a 360-degree view and the pros and cons of investing in a scheme that has the potential to secure your child's financial well-being.
Functioning in several departments related to revenue collection has also been affected. Revenue collection has reduced by Rs 17,000 crore in March.
Highlights of the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman in Lok Sabha on Tuesday.
The government has also revised the minimum wages for unskilled non-farm workers upwards by 42 per cent to Rs 350 per day
The political crisis arose in Himachal Pradesh during the recently held polling for the Rajya Sabha elections as nine MLAs, including six Congress rebels and three independents, voted in favour of BJP candidate Harsh Mahajan.
The demands include better package for trackman, upgradation technician's grade, improvement of pay scales of running staff and clearance of arrears, among others.
The party also promised reservation to minorities on basis of their population after the caste census.
Directing the DISCOMS to make the payments to the employees within three months, the Delhi high court asked them to adopt a method to pay pension, gratuity, leave encashment etc.
Most insurers aren't comfortable with subscribing to the National Pension System as they see it as competition.
This will incentivise employers to recruit unemployed persons and also bring into books the informal employees.
Tomar had discussed the two proposals with trade unions on June 24 and assured that the government will take at least two weeks to take a decision.
The proposal had attracted strong criticism from the salaried class.
It had earlier proposed cutting it down to Rs 250 crore due to slow progress in enrollment of new employees.
rediffGURU Anil Rego answers readers' personal income tax queries.
"I sometimes think of leaving it, but the chief minister's post doesn't leave me," Ashok Gehlot famously said earlier this year, in part as a signal to the Congress top brass not to pick someone else for the job if the party wins the assembly polls.
A panel set up by the trustees of India's largest pension fund has recommended an interest rate of between 8.0 and 9.0 per cent for the Employees Pension Fund scheme in 2003-04, a member of the panel said on Thursday.
'PPF carries minimal risk.' 'Its fixed-income nature allows investors to diversify their portfolios.'
As per the recommendations of the 2nd National Commission on Labour, the ministry is codifying existing 44 central labour laws into four codes by simplifying, amalgamating and rationalising the relevant provisions of the legislations.
'Barring a temporary blip where stocks fell on verdict day, we are back to all-time highs.'
'This year overall hiring has seen a slight improvement as compared to the dip seen during the last financial year.'
'The actions of Indian monetary authorities will depend on how quickly they want the inflation to come down to 4 per cent.'
rediffGURU Vivek Lala answers your income tax and personal finance queries.
Public-sector banks, which are the largest employers in the banking space, have seen a drop in clerical staff over the years.
Charging the Indian Banks Association with going back on its commitments to the employees on increasing their wages and introducing a pension scheme, CPI leader Gurudas Dasgupta said he apprehended "prolonged confrontation" which would put the entire financial system in jeopardy.
Ask your HR department for details about the fund, trustees and returns
The normal operations, including payment and settlement activities in the Reserve Bank of India (RBI), are likely to be affected on Friday with its employee unions going on one-day strike to press their demands on pension.
'Basic Covid protocols were not followed, which is why so many teachers lost their lives.'
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