If someone does reduce his contribution, he should scale it back to the 12% level as soon as he can, suggests Sanjay Kumar Singh.
With the Supreme Court ordering Kolkata Police Commissioner Rajeev Kumar to appear before the Central Bureau of Investigation, the agency will finally be able to question the top cop in cases arising out of the Saradha chit fund scam probe.
Economists Maitreesh Ghatak, Parikshit Ghosh and Ashok Kotwal challenge the prevailing view that the diminished electoral prospects of the United Progressive Alliance government is the result of neglecting growth to launch populist welfare schemes. They look at a wide range of economic indicators to argue that compared to the National Democratic Alliance regime, the UPA period has been characterised by faster growth, higher savings and investment, growing foreign trade and capital inflows, and increased infrastructure spending in partnership with private capital.
None of the four benchmarks suggested by the RBI is ideal as banks in India create loan assets from their deposits and not borrowing from the regulator or market, says Tamal Bandyopadhyay.
The chief minister also said that all 72 lakh ration card holders in the city will be provided free 10 kg ration this month.
Congress leader Rahul Gandhi alleged that Modi's move was aimed at helping a few of his 'crony capitalist friends' and had 'destroyed' the Indian economy, prompting a strong response from the BJP which said the exercise was an 'attack' on corruption and black money that were rampant during the 'lost decade' of the Congress-led United Progressive Alliance government.
While Prime Minister Narendra Modi's Ayushman Bharat health care scheme is just a slogan for the moment, it is the state's Mukhyamantri Amrutum health assurance scheme which is a comforting reality for many.
The finance ministry has appointed a Pension Fund Regulatory and Development Authority, which will soon roll out a National Pension Scheme for the informal sector or for whoever wants to join.
Besides criticising CM Arvind Kejriwal on scores of issues, Shah alleged the AAP government made only promises throughout its tenure and now in the last three months, public money was being spent on advertisements for its announcements.
Fitch Ratings on Thursday said the resurgence of COVID-19 infections may delay India's economic recovery, but won't derail it, as it kept the sovereign rating unchanged at 'BBB-' with a negative outlook. It projected a 12.8 per cent recovery in GDP in the fiscal year ending March 2022 (FY22), moderating to 5.8 per cent in FY23, from an estimated contraction of 7.5 per cent in 2020-21. Fitch had in June last year revised outlook for India to 'negative' from 'stable' on grounds that the coronavirus pandemic had significantly weakened the country's growth outlook and exposed the challenges associated with a high public debt burden.
The National Housing Bank has launched a new scheme called the reverse mortgage through which you can get the money for your home that too without selling it.
The UK has initiated moves to scrap the controversial 5 billion pounds national Identity Card scheme, with the new Home Secretary Theresa May declaring it "intrusive, bullying and ineffective."
The CJI said that absence of timely legal help to poor affects credibility.
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Access to private hospitals is a costly affair.
#GiveItUp but no matching LPG connections for BPL
Officials cited the example of the Sixth Pay Commission.
'Apart from providing you with the ability to withstand escalating medical expenses, a dedicated financial plan for health will also ensure financial independence in old age,' advises Arun Thukral, MD & CEO, Axis Securities.
For the first time, consumers, including those at the so-called bottom of the pyramid, are monetising gold by taking loans from banks, offering the yellow metal as collateral, says Tamal Bandyopadhyay.
'Unlike past governments, we never protect or save criminals.'
"India is not a country to lose courage. We will fight and win," he said.
Many exemptions make little sense, such as a monthly exemption of Rs 100 for college education and Rs 300 for hostel fees.
Addressing a rally in Karkardooma in east Delhi, Modi alleged that the AAP and the Congress were provoking people and misinforming them. They were keeping the Constitution and tricolour in the forefront, but the aim was to 'divert attention from the real conspiracy', Modi said ahead of the Delhi elections on February 8.
Jaitley has announced increasing the super-rich surcharge to 12%.
TDS merely means the bank will pay you the entire interest amount without forwarding the tax on it to the government.
The UP chief minister also attacked the Congress, saying the party furthered the interests of a family, promoted casteism, regionalism and kept the country in limbo for 50 years.
The 80-odd projects completed till now are already valued at Rs 14,000 crore.
India is expected to harvest 291.95 mt of foodgrain in 2019-20
Conversion into jewellery during redemption would entail 15-20% wastage and making charges, rendering the scheme inefficient
The DMK feels its genuine gestures have had no bearing on the governor's politico-administrative conduct, which is 'more political and politicised than administrative and Constitutional', observes N Sathiya Moorthy.
Disale announced that he will be sharing 50 per cent of his prize money with his fellow finalists to support their "incredible work".
Regional connectivity will bring development to tier-2 and tier-3 cities which are becoming "growth engines", Prime Minister Narendra Modi said while inaugurating the first flight under UDAN.
Congress president Sonia Gandhi on Tuesday wrote to Prime Minister Narendra Modi suggesting five measures to conserve money for the fight against COVID-19, including a complete ban on media advertisements by government and PSUs for two years and suspending the Central Vista beautification project.
Researchers including those from Yale School of Medicine in the United States, said closing down these places of sex work may reduce projected COVID-19 death toll increase in India by 63 per cent post the easing of lockdown measures.
Modi's second visit to Arunachal Pradesh was vehemently opposed by China which urged India to refrain from taking any action that may "complicate" the boundary question.
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.
Tata Consultancy Services, the country's largest software exporter by revenue, is to administer the UK's National Employee Savings Trust scheme's administered services under a 10-year deal, worth around 600 million (approximately Rs 4,150 crore).The contract, awarded by the UK's Personal Accounts Delivery Authority, is divided into two stages, with possible extensions of another five years. The first stage will run up to October 2010.
If a risk taker and young, NPS would suit her/him. Otherwise, s/he should go for EPF.
Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
A time has thus come when state encouragement for rural students led to empowerment of the socio-economically marginalised sections of the population. It included women. Today, with greater exposure and consequent enlightenment, it has gone beyond 'empowerment' to become 'entitlement', says N Sathiya Moorthy.
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