You can build your own retirement savings portfolio by investing in equity, hybrid and/or debt funds. Alternatively, you can also invest in retirement funds which provide asset allocation solutions for different investment needs and risk appetites, says Dwaipayan Bose
Use deductions introduced in the Budget to save additional Rs 24,000 in tax
The Centre on Wednesday announced a raft of post-retirement employment possibilities for 'Agniveer' like priority in recruitment to the central armed police forces (CAPF) and Assam rifles but that failed to assuage the concerns of the opposition Congress which warned the 'transformative' 'Agnipath' scheme will reduce the operational effectiveness of the armed forces.
This will incentivise employers to recruit unemployed persons and also bring into books the informal employees.
The government plans a mega launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY) by Prime Minister Narendra Modi on August 28, which is likely to see opening of one crore bank accounts on the first day itself.
'There is still scope for selective stockpicking.'
In his hard-hitting speech at a gathering of ex-servicemen, the prime minister referred to the Bofors scam, AgustaWestland chopper scam, Rafale issue and inordinate delays in procurement of critical military platforms and ammunition by previous government.
Former Board of Control for Cricket in India president Narayanswami Srinivasan on Friday rejected Dilip Vengsarkar's claims that he was responsible for the ex-India captain's removal as chairman of selectors, calling the charge 'completely false, motivated and without any basis'.
To make possible discretionary spending including capex and that on welfare, the government decided to borrow more than planned in FY21 -- Rs 12.7 trillion.
The PM said that it was the BJP government which abrogated provisions of the Article 370, while the Congress was only concerned about its "personal interests".
Evaluate recurring investment products and do the numbers before making any investments.
The government has set up a high-level committee.
AIBOC in a letter to the Prime Minister, has said the government should not expect the banking fraternity to "join the political campaign of #MainBhiChowkidar" unless issues related to merger of banks, salary revision and staff recruitment, among others, are addressed.
'The BJP while being in government in Gujarat continues to campaign like an Opposition party whereas the Opposition does the opposite.'
Defence Minister Manohar Parrkar ruled out the possibility of deploying the Indian Army in anti-Naxal operations.
'Welfare schemes are not a necessary evil, they are a necessary good.'
While no specific state-oriented sops were rolled out, a strong thread of political wellness ran through the Budget.
The 40 per cent exemption benefit is applicable only for employees.
You need not worry even if there is a mismatch between your income and deduction in Form 16/16A and Form 26AS, says Ashley Coutinho
The government on Saturday asked the ex-servicemen to end their 84-day agitation as their basic demand for 'One Rank and One Pension' has been accepted and asserted it was open to talks after the veterans voiced their dissatisfaction over key provisions.
Responding to Shagh, National Conference leader Omar Abdullah said the country was suffering from too much "ODOMOS- overdose of only Modi only Shah".
According to the third batch of supplementary demands for grants tabled in the Lok Sabha, approval is being sought for gross additional expenditure of over Rs 1.58 lakh crore.
Once the new rules kick in, you will have less cash-in-hand and may feel tempted to scale back on savings and investments.
It's high time we now turn the popular question on its head -- when there is no growth in jobs for several years, how can the real GDP grow at 7 per cent per annum, says Mahesh Vyas.
Restrict investment to Rs 50,000 for tax benefits, experts tell Sanjay Kumar Singh, but caution that taxation at maturity and compulsory annuities are dampers.
Conservative investors and those in the lower tax bracket should opt for these, experts tell Sanjay Kumar Singh
Rediff.com does a quick checklist on what the two manifestos have to say on hot-button issues of the day.
But do not expect the finance minister to fulfil all these wishes
The government, under the Finance Act, 2020, had allowed tax exemption for SWFs and pension funds in the case of incomes from investment in 34 key infrastructure sectors, including hotels, cold chains, educational institutions, hospitals, and gas pipelines.
What is the lure of a government job? The answer is India's worst kept secret: Job security. And among the many government jobs desperately sought after is in the armed forces. Which is why the riots by aspiring armed forces job seekers against the government's Agnipath scheme should not really be surprising, points out Harishchandra.
Close to 300 of these veterans assembled at the protest site, very close to where a similar agitation is being held by the ex-servicemen of the armed forces for the prompt implementation of the OROP for them.
In the manifesto released on Saturday, the Congress also promised unemployment allowance of Rs 3,000 per month, Rs 2,000 pension to divyangs, widows, senior citizens and needy women, and waiver of loans of up to Rs 3 lakh of all fishermen, among other things.
In renaming TRS and repositioning it as a 'national' party, KCR is also eyeing a pole position in opposition politics ahead of the 2024 Lok Sabha elections.
Agnipath may be an exercise to address the genuine needs of the armed forces. But overall, it betrays the tendency to use the military and paramilitary for employment generation and shaping a national character, instead of treating them as the professional services they are, notes Shyam G Menon.
Former Defence Minister A K Antony tells Amit Agnihotri that Defence Minister Manohar Parrikar's statement is an insult not only to the Indian Army but also the previous National Democratic Alliance government led by Atal Bihari Vajpayee
"Smart cards are a step towards financial inclusion. The idea is to inculcate banking habits among the poor," says Anita Ramachandra, director, rural development (self-help groups). The government is paying 2 per cent of the amount disbursed through smart cards to the banks to engage them in the initiative.
The most important institutions have been and are being undermined with almost no resistance, warns Aakar Patel.
The armed forces are quite happy with the attention paid to their concerns, reports R S Chauhan.
The Bharatiya Janata Party was on Thursday poised for a landslide victory in Gujarat to retain power for a record seventh straight term but was behind the Congress in Himachal Pradesh which could go with the trend of alternative governments in the hill state.
There is no dearth of political will today to act against corruption and officers should take action against the corrupt, however powerful, without any hesitation, Prime Minister Narendra Modi said on Monday.
