Investors must remember that only resident Indians can open a PPF account and a person can have only one PPF account.
Pahal looks to cut down diversion and eliminate duplicate.
While for the consumers, there is some gain and some pain, for India Inc, it's all about compliance, consolidation and parity
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.
Insurance companies are seeking a separate deduction limit of Rs 1 lakh for insurance premium payment under Section 80C of the Income Tax Act in the upcoming Union Budget to bring in more people under the ambit of insurance. The insurers also want reduction in the goods and services tax (GST) rate of 18 per cent currently applied on health insurance products to 5 per cent to make such products more affordable to common people. Finance Minister Nirmala Sitharaman will present the Union Budget for 2022-23 on February 1.
Prime Minister Narendra Modi on Thursday said that action against corrupt people in the country has resulted in a new polarisation in national politics, with certain political groups openly trying to get organised into a unit to save those facing graft charges.
The government appointed panel will look at the difficulties consumers faced in receiving the subsidy after buying gas cylinders at market rates.
Nirmala Sitharaman's messaging was clear when she presented a well-balanced Budget with an eye on state elections in nine states followed by a general election next year, observes Ramesh Menon.
The Comptroller and Auditor General of India (CAG) has pointed out several flaws in the financial practices of the Gujarat government and said there was a need to formulate a realistic budget based on the needs of the departments.
Simple takeaways from the Union Budget 2015-16 and how it impacts your life
Investors across age groups and risk appetite can invest in these schemes.
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
Amid slogan shouting by MPs from the Trinamool Congress, the Congress and other opposition parties from the Well of the House, Modi began replying to the debate on the motion thanking the President for her address to the joint sitting of Lok Sabha and Rajya Sabha at the start of the Budget Session, and accused the Congress of adopting only 'tokenism' to solving problems the country faced.
She alleged the new military recruitment scheme would be destructive for the youth and the Army.
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
"There has been a 0.05 percentage points decline in the share of allocation for child budget to the Union Budget from 2.35 per cent (2022-23 BE) to 2.30 per cent (2023-24 BE).
People are increasingly being drawn to trusty small savings instruments
'Let us all keep calm and face this medical emergency unitedly.' 'Our top priority is to fight the pandemic and win this war.'
President Ram Nath Kovind addressed the nation on the eve of India's 75th Independence Day. Here's the text of what he said:
Seeking to make inroads in Chhattisgarh, Aam Aadmi Party leader Arvind Kejriwal on Saturday announced 10 'guarantees' for the upcoming assembly polls in the Congress-ruled state including free electricity, monthly 'samman rashi' for women and Rs 3,000 monthly allowance for the unemployed.
Keep revising the sum insured at the time of renewal to keep it in line with inflation.
'We have often heard the mythical argument that patents block access to life-saving drugs, but only 5% of medicines from multinational companies are under patent protection in India.' 'Where these patented products are beyond the reach of Indian patients, the companies have programmes to facilitate access to their drugs, for free or for a fraction of the price,' points out Ranjana Smetacek, former director general, Organisation of Pharmaceutical Producers of India.
From India's fight against COVID-19 to China face-off, Kovind spoke on several issues during the televised address.
Farmers blocked the national highway in Pipli in Haryana's Kurukshetra district for a second day Tuesday over the MSP for sunflower seeds, with BKU leader Rakesh Tikait asking the state government to accept the demand or send farmers to jail.
Brahma, Vishnu, Shiva, Ram, Laxmi, stories from the Hindu epics are seen in carvings, paintings and murals, as well as recognisable figures from mythology, like Garuda, Sheshnag, Nandi and Apsaras, notes Deepa Gahlot, savouring the beauty of Cambodia.
The Congress released a booklet 'Nau saal, Nau sawaal', asking nine questions from Modi. The BJP rejected the Congress' criticism as a 'bundle of lies and mountain of deception' and said the questions are born out of 'pathological hatred' of the PM.
The tax rate rises to 10 per cent, 15, per cent, 20 per cent and 25 per cent for every Rs 2.5 lakh addition. A 30 per cent tax is charged for income over Rs 15 lakh.
The finance ministry on Wednesday allowed all private sector banks to participate in government-related business, like collection of taxes. pension payments and small savings schemes. At the moment, only few large private sector are allowed to conduct government-related business.
Their leaders go abroad and abuse India, while BJP workers sacrifice everything for the sake of the nation, Modi said.
Evaluate recurring investment products and do the numbers before making any investments.
Chief Economic Advisor V Anantha Nageswaran on Thursday said the economy is expected to grow at 6.5 per cent in the current fiscal notwithstanding deficient rains in August. India recorded economic growth of 7.8 per cent in the April-June quarter of 2023-24 against 13.1 per cent in the year-ago period. India's economy in Q1 grew at the fastest pace in a year, on the shoulders of a boost in capital expenditure both at central and state levels, along with stronger consumption demand, especially in rural areas, and improved performance in the services sector, he said.
Even in this darkest hour of a crumbling economy and raging disease, there is hardly a murmur of protest against the government, observes Sumit Bhattacharya.
Aadhaar custodian UIDAI will encourage people to voluntarily update their biometric data every 10 years, according to official sources.
Interest rates on bank FDs have started coming down and rates on other fixed-income products will also decline. Investors should lock in to instruments offering higher returns.
Yashasvi Jaiswal presented a heady cocktail of patience and flair on debut but India's expected series win over West Indies will not serve as an accurate parameter.
Appealing with "folded hands" for an end to the three-month-long cycle of violence in Manipur, Home Minister Amit Shah on Wednesday urged the warring Kuki and Meitei communities to hold talks, even as the Lok Sabha adopted a resolution calling for the restoration of peace in the northeastern state.
Economist Dr Subramanian Swamy, whose Janata Party merged with the Bharatiya Janata Party in August, has issued the following press statement on the Indian economy and demanded the implementation of a four-point agenda to save it.
Excerpted from Sahara: The Untold Story by Tamal Bandyopadhyay.
While reasonable safeguards should be built in, there can't be restrictions on the individual's right to leave her/his money to whoever s/he wants, notes Harsh Roongta.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
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