A summary of sports events and persons who made news on Thursday
The Janata Dal-Secular on Tuesday charged Karnataka Chief Minister B S Yeddyurappa with violating the model code of conduct by addressing individual letters to beneficiaries of old age pension scheme and said it would complain to the Election Commission about it.
Ramesh said the local leadership and admitted there were shortcomings in the party's campaign there.
In the all-party meeting on Tuesday, Opposition parties demanded discussions on price rise, unemployment and Economically Weaker Section (EWS) quota among other issues, sources said.
The party was trounced in Rajasthan, Madhya Pradesh and Chhattisgarh and is now left with only Himachal Pradesh in the north. It is ruling in only three states on its own and is in power in Bihar and Jharkhand as a junior partner in alliance with regional parties.
Allocation of portfolios would be the immediate vexatious issue for the party, with supporters of Virbhadra Singh already feeling sidelined after the elevation of the late chief minister's professed rival Sukhu.
With EPFO capping the contributions to your pension scheme, you could look at other pension plans.
Pension plans by mutual funds have a three-year lock-in like ELSS.
As he said this, he set the target of winning 156 seats in the assembly election due later this year.
'The social security system in India provides minimal support to the elderly poor,' says Geetanjali Krishna.
Railway employees will take a final call on whether to go on a general strike to press for their 36-point charter of demands including jobs for wards of employees on VRS.
One Rank One Pension (OROP) will have a significant impact on the country's fiscal bill and the overall cost will be around Rs 16,000 crore.
'We cannot leave our entire unorganised sector to the vagaries of market forces.'
"I am personally averse to sealed covers. There has to be transparency in court... This is about implementing orders. What can be secret here," the CJI said.
'Young investors with limited funds should ensure that investing in NPS does not crowd out their other, more liquid, investments.'
'Basic Covid protocols were not followed, which is why so many teachers lost their lives.'
The rising goods and services tax (GST) and personal income-tax collections may bolster the Narendra Modi government's ability to announce new schemes or enhance existing ones.
In a big relief to over a crore retired employees of government and PSUs, a pensioner can now digitally provide proof of his existence to authorities for continuity of pension every year instead of requiring to present himself physically or through a Life Certificate issued by specified authorities.
Not filing an ITR or paying the tax dues on the deceased's behalf can lead to penal consequences.
"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).
EEE continues for PF, life insurance and NPS; capital gains from stocks, equity funds may become a part of ordinary income.
Government to pay disproportionately high interest for borrowings from savings, overturning a nearly two-decade-long process of reforms in the management of public debt.
The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets.
For professionals, new pension scheme gives an equity booster but does not guarantee returns, comes at a cost.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
Most insurers aren't comfortable with subscribing to the National Pension System as they see it as competition.
Overall, the MF industry saw nearly Rs 5 trillion, or 18 per cent, of asset erosion in March, with the asset base shrinking to Rs 22.26 trillion from Rs 27.22 trillion at February-end.
Employees joining companies after August and availing of the government benefits under the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) will also have to link their PF accounts with Aadhaar numbers.
According to an Andhra government statement, Naidu 'reposed confidence' in the PM's leadership.
Functioning in several departments related to revenue collection has also been affected. Revenue collection has reduced by Rs 17,000 crore in March.
RSS-aligned Bharatiya Mazdoor Sangh (BMS) on Monday expressed disappointment over the government's budget proposals with regard to divestment and foreign direct investment, especially in the insurance sector. The BMS, however, lauded the government for its current efforts on the massive vaccination programme, a special scheme for tea workers in West Bengal and Assam, labour oriented push on infrastructure projects in construction sector and development of five major fishing harbours viz. Kochi, Chennai, Visakhapatnam, Paradip, and Petuaghat as hubs for economic activities etc. On other Budget proposals, it said in a statement that "mixing the beautiful concept of Aatmanirbhar Bharat with FDI and disinvestment in the Union Budget is disappointing for the employees".
Modi and Chouhan have visited Mahakoshal multiple times and reached out to tribals to shore up support for the BJP.
Rediff.com takes a look at the progress of schemes initiated by the government.
NPS still has critics despite being in business for a decade and mopping Rs 24,000 crore as of 2013-14.
Data released by the Life Insurance Council reveals that the total pension premium for the life insurance industry saw a growth of 159 per cent at Rs 22,268 crore (Rs 222.68 billion) for FY07 compared with Rs 8,568 crore (Rs 85.68 billion) in FY06.
'We waited patiently for 17 months, which is enough time for any government to implement a policy. If they can't do it in 17 months, they are either incompetent or they simply don't want to do it.'
The high level coordination committee on financial markets, which consists of financial sector regulators, is likely to opt for a phased reduction in the commission paid to insurance agents.
The government wants to reduce the rate of contribution - part of the employee's share - for a class of workers depending upon age, income or gender, without changing the contribution from the employer's share.
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