It is worrisome that salaries are consuming as much expenditure as equipment.
'If you consider only demonetisation and GST as my government's work, it will be a big injustice to me.'
Stepping up the agitation on 'One Rank One Pension', a fast-unto-death was launched by two of the protesting ex-servicemen at Jantar Mantar
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Good intentions and elaborate roadmaps apart, there is an urgent need for the Tamil Nadu chief minister to come up with branded schemes like MGR's meal scheme, asserts N Sathiya Moorthy.
Equity-linked savings scheme, PPF and Sukanya Samriddhi Yojana are recommended instruments.
Arun Jaitley had a tough fiscal hill to climb.
'There were tears in my eyes when I parted with my medals. I thought was it for this moment did I become a soldier?' In 2008, Captain H Balakrishnan (retd) of the Indian Navy returned all his medals to the President of India to protest the government's failure to implement the One Rank One Pension scheme.
With the One Rank One Pension scheme for military veterans set to be notified soon, officials of central paramilitary forces, too, may be in for good news soon as the government is to take a final decision on granting of "organised services" status to them.
'Whatever Modi had promised us on OROP has not been delivered. He lied to us'
Later, there may be some tax relief aimed at the middle class and measures to benefit the sectors worst hit by Covid-19 and the resultant nationwide lockdown.
Even as Chinese troops continue squatting on territory that we claim as our own -- this was the lowest allocation for defence in percentage terms since the 1950s, reveals Ajai Shukla.
The 600-million (approximately Rs 4,100 crore) UK Personal Accounts Delivery Authority (PADA) deal, which was recently awarded to Tata Consultancy Services (TCS) to administer the National Employee Savings Trust (NEST) scheme for 10 years, has come under the scanner of the Conservative Party.
Addressing a G20 Summit session, Modi also presented his '5-I' vision to maximise digital technology for social benefit.
'We are probably working with flawed data on household finance.'
Individuals could soon lose tax benefits available on fixed deposits with an over five-year term once the direct taxes code comes into force from April 2011.
Here are the key highlights of the Interim Budget 2019-20 presented by Finance Minister Piyush Goyal in the Lok Sabha on Friday.
The impact of economic slump was visible in the Budget's fine print, as this step-by-step explanation show how the Budget math was worked out, reports Abhishek Waghmare.
Govt expects to save Rs 10,000 crore through this move.
When Finance Minister Nirmala Sitharaman tables her Budget on February 1, the numbers could be something to cheer.
There will be pressure on the fiscal situation, especially at a time when the monsoon can also disappoint. More populist expenditure is on cards if the mandate is a hung Parliament or a coalition government.
Presenting the Budget for 2019-20 in the Lok Sabha, Finance Minister Piyush Goyal also said Rs 35,000 crore has been given under the One Rank One Pension scheme in the last three years.
Rural budget set to increase; likely to enhance market linkages for agri commodities
Protests at this time when efforts are underway to strengthen the PLA and keep morale high would be worrying for the military leadership, observes Jayadeva Ranade, the retired senior RA&W officer and distinguished China expert.
'We worked hard, brought a very positive manifesto saying this is what we have done and this is what we will do.' 'But people liked something else.' 'They didn't like expressways, they want a bullet train.' 'I have realised that in a democracy, the poor doesn't know what they want.'
In other welfare schemes, such as those for cooking gas, pension and scholarships, which are linked to DBT, cash is transferred directly into the bank accounts of beneficiaries.
Four recent instances help us understand why Prime Minister Narendra Modi could truly be called the chief human resources officer (CHRO) of the country.
Congress President Sonia Gandhi and her deputy Rahul Gandhi on Saturday refrained from commenting on Prime Minister Narendra Modi's Independence Day speech.
'UBI is a tricky subject.' 'Our worry is the government could get rid of UPA's social welfare schemes targeted at the poor.'
Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC's Conference 2020 organised by industry chamber CII.
The finance minister may stagger some of the recommendations.
The National Social Security Number will be issued to the 4 crore (40 million) members covered by the scheme on the lines of the Permanent Account Number (PAN) given by the income tax department.
The Prime Minister's Office has decided to set up a panel, led by former chief statistician T C A Anant, to deliberate on whether the enterprise-level quarterly data, which is released by the labour bureau, should be discontinued.
'If approved it will be a voluntary engagement and there will be no dilution in selection criteria'
In January, the Employees' Provident Fund Organisation had asked the field staff to ensure the collection of data in respect of member joining on or after March 1, on a monthly basis and in respect of existing members by June 30, 2013.
Mobile banking will soon reach Indian villagers as state govts tie up with banks, telecom companies to provide this facility to them.
However, ration card, driving licence, voter identity card, Kisan passbook with photo, job card issued under MGNREGS and a certificate issued by a gazetted officer or a tehsildar will be admissible as proof of identity for people to get the benefits under the scheme till the time they get Aadhaar.
The curious thing is that savings instruments have not really kept pace with changing needs, although people have access to a wider variety than before.
Union Minister of State for Youth Affairs and Sports Rajyavardhan Singh Rathore on Sunday said the government will launch a 'Khelo India' programme at a cost of Rs 1,756 crore for the period 2017-18 to 2019-20.
It raises three major questions - the incentive compatibility issue, the fairness issue and fiscal challenge, said Panagariya.
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