EPFO has verified or attested 64.67 lakh Aadhaar numbers.
'Where in the world you get 12.5 per cent return of interest?'
If you have seen Zwigato, Param Kumar's story will sound familiar. Laid off from his job as a repairman at a Gurugram-based water purifier provider, he now delivers groceries and food for a mobile-based delivery app, in Delhi. Kumar, who started making deliveries last August, told Business Standard that he is working longer hours than his older salaried job as an RO repairman, and has no paid leaves or health insurance. Kumar is part of India's estimated 7.7 million-strong force of gig workers.
Agnipath offers jobs to youngsters between 17.5 years and 23 years of age. The unemployment rate in this age group has risen from around 23% in 2017 to over 50% since 2020. Every second person who is looking for employment in this age group is unemployed, explains Mahesh Vyas.
The RBI governor believes corruption ca be fought by streamlining the system.
There were concerns that simply opening a bank account wouldn't constitute meaningful financial inclusion, as the poor would rarely use these accounts. However, recent data submitted to Parliament attests to increased account usage, says Ishan Bakshi.
'He is exposing the failings of the BJP, which is rankling the party.'
The government was formed 10 days after Shinde raised a banner of revolt against the Shiv Sena leadership. Forty out of 55 Sena MLAs sided with Shinde, which resulted in the collapse of the two-and-a-half-year-old Maha Vikas Aghadi dispensation comprising the Sena, the Nationalist Congress Party and the Congress.
This will incentivise employers to recruit unemployed persons and also bring into books the informal employees.
Maharashtra Chief Minister Uddhav Thackeray on Sunday night announced a statewide curfew in Maharashtra for 15 days from April 14. However, he clarified, essential services were exempt from the curbs.
Jaitley has announced increasing the super-rich surcharge to 12%.
Defence Minister Manohar Parrkar ruled out the possibility of deploying the Indian Army in anti-Naxal operations.
Despite strong AUM growth, MFs lag behind other popular investment avenues. MFs received only 6 per cent of total household savings in 2021-2022.
MFs continue to find it difficult to attract and retain long-term money from investors
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.
'How is the scheme running despite running such massive deficits?' 'This is because the number of new members are much more than earlier members who are drawing pension.' 'If this was done by a private organisation, it would have been called a Ponzi scheme in which the contribution by new members is being used to pay off old members,' says Harsh Roongta.
Nikunj Saraf, Vice President Choice Wealth, answers your queries
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
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The first phase would comprise universal access to banking facilities. Under this, basic bank accounts with zero balance, RuPay debit card and financial literacy, will have to be completed in the next one year, officials said.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Foreign portfolio investors (FPIs) and mutual funds (MFs) have put in more money as anchor investors in initial public offerings (IPOs) in 2021 than any other year. FPIs' share of investments for the year stood at Rs 24,477 crore, nearly six times that put in last year and more than nine times the amount invested in 2019, the data from Prime Database showed. MFs have invested Rs 12,264 crore, four times than that invested last year and more than 10 times the investment in 2019. The total investment by FPIs and MFs put together this year is five times the amount invested last year. The amount contributed by MFs, however, is nearly half of that invested by FPIs.
Several critics including some rating agencies have doubted prospects of meeting this ambitious fiscal deficit target.
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.
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.
Raising equity exposure to 50 per cent in the National Pension Scheme will benefit young investors, provided they can stomach higher volatility.
A railway station and a police vehicle were torched and several law enforcers injured in stone-pelting incidents on the fourth consecutive day of protests against Agnipath scheme on Saturday when a bandh was also called to press for the demand for rollback of the new scheme for recruitment in armed forces.
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.
The government is considering appointing a committee under a judge to go into the issue of equalisation of pension, Major General Satbir Singh (retd), who has been leading the 'One Rank One Pension' protest in Jantar Mantar for the last 80 days, said after a meeting with Defence Minister Manohar Parrikar.
Protests against 'Agnipath' left Bihar in flames on Friday when rampaging mobs set fire to dozens of railway coaches, engines and stations and torched Bharatiya Janata Party offices, vehicles and other property, prompting the police to suspend internet services in nearly a third of the state.
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.
FM's proposal came under immediate attack from various employees unions
The idea of three capitals has not been abandoned, even as the state lurches from financial crisis to crisis.
Those who have crossed 50 must show the greatest urgency. They need to achieve a corpus that can sustain them and their spouses for at least 25-30 years after retirement.
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.
If someone does reduce his contribution, he should scale it back to the 12% level as soon as he can, suggests Sanjay Kumar Singh.
Thanks to Budget 2018, seniors can invest more and also save more.
Rationalisation in taxation on the retirement scheme puts significant money in the hands of investors.
FM is likely to raise tax slabs.
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.
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