Leading up to the International Women's Day on March 8, this is the first of a four-part series that talks about how women can invest to achieve their long-term financial goals.
The Central Board of Trustees of Employees Provident Fund Organisation on Tuesday approved a scheme allowing subscribers to withdraw up to 90 per cent of the accruals to invest in Varishtha Pension Bima Yojana.
In a post on X, the prime minister also urged the people to make contributions to the Armed Forces Flag Day fund.
Withdrawals from EPF and NPS to have same tax rates.
The delay in receiving the revised pension was due to problems in calculation at his bank's end.
Secretary S K Nair said schemes for past and present cricketers at all levels are in the pipeline.
The ambitious scheme "Abhay Hastam" (Hand of Reassurance), providing pension to every member of women's self help group after crossing the age of 60, will be launched by Andhra Pradesh government from November 1, the Chief Minister Y S Rajasekhara Reddy said on Thursday.
Soldiers remain firm in their protest against the delay in the implementation of the One Rank One Pension scheme.
Three days before the first phase of the Lok Sabha elections, the Bharatiya Janata Party on Monday, April 8, released its manifesto with a focus on development and national security.
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
Though the Congress, AAP and other Opposition parties may have high hopes and some positive takeaways to seize on from the results, it is the BJP which has a big headstart and is firmly in the lead.
"Earlier Haj House was made in Ghaziabad. Our government constructed Kailash Mansarovar Bhawan. Earlier the mafia used to harass traders, but now no mafia can dare to grab property of any trader, doctor or a poor person...," he said.
On March 13, Minister of State for Finance Pankaj Chaudhary had tabled the second batch of supplementary demands for grants in the House amounting to a total of Rs 2,70,508.89 crore.
Autorickshaw drivers had threatened to go on a strike in support of their demands, which included a hike in fares.
India's largest PSU bank, State Bank of India, delivered excellent results, once the impact of a big jump in employee expenses was adjusted for. The net interest income (NII) beat the Street due to a better net interest margin (NIM) and good loan growth. The credit growth at 5.2 per cent quarter-on-quarter (Q-o-Q) (15 per cent year on year) was excellent for a large bank.
'One Rank One Pension is needed immediately and more urgently for jawans and widows,' one elderly soldier tells Sudhir Bisht at Delhi's Jantar Mantar.
Is it is necessary to play divisive politics to succeed in the next general elections? asks Dr Sudhir Bisht.
Wordsmiths and artists of different parties are working overtime to deliver punches and counter punches in their bid to reach out to voters through different platforms ranging from Facebook to YouTube.
Finance Minister Pranab Mukherjee's decision to co-contribute, for 3 years, Rs 1,000 per annum to each individual who opens an account under the New Pension Scheme is more than welcome.
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.
The union has been opposing merger of State Bank of India's associate banks with the parent, outsourcing of work and extension of option to provident fund optees to join pension scheme, United Forum of Bank Employees said in Ludhiana.
The Bharatiya Janata Party on Thursday clarified that it will not oppose the Aadhar-based cash transfer scheme but added that there was nothing new in the announcement, for which the Congress was seeking "political mileage". It also said its state governments have been implementing similar schemes for years.
The new 'Form 5' has been brought for the benefit of pensioners and it will record all information on the basis of self-attestation by the individual concerned, said Sanjay Kothari, Secretary, Department of Administrative Reforms, Public Grievances and Pension.
The party released its manifesto -- Samajwadi Vachan Patra -- for the coming assembly elections, shortly after the BJP released its own.
The Securities and Exchange Board of India (Sebi) may allow non-resident Indians (NRIs) and Overseas Citizens of India (OCIs) greater exposure to domestic equities if their investments are sent through foreign portfolio investors (FPIs) registered at the GIFT City International Financial Services Centre (IFSC). The proposal will be taken during Sebi's board meeting on Saturday along with other key agenda items such as easing of voluntary delisting mechanism and introduction of a regulatory framework for real estate fractional ownership platforms, said people in the know. At present, the combined holdings of NRIs and OCIs in a global fund have to be less than 50 per cent, while that of a single NRI or OCI is capped at 25 per cent.
The draft Direct Taxes Code unveiled by Finance Minister Pranab Mukherjee on Wednesday proposes raising the tax exemption limit on savings to Rs 3 lakh.
Solicitor General Tushar Mehta, appearing for the Centre, told a five-judge Constitution bench headed by Chief Justice D Y Chandrachud, which is hearing a batch of pleas seeking legal validation of same-sex marriage, that the government is positive about the suggestion for exploring administrative steps in this regard.
The Indian Cricketers Association (ICA) has raised Rs 24 lakh to help around 30 former players who are in dire need of funds amid the ongoing nationwide lockdown, a drive that has also found support from former captain Mohammed Azharuddin. The decision to help the needy cricketers was taken at an ICA online meeting last Wednesday, its second since the coronavirus-forced lockdown was enforced.
The Supreme Court on Monday came down heavily on the ministry of defence over its January 20 communication regarding payment of arrears of One Rank-One Pension (OROP) in installments to eligible pensioners of the armed forces.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The struggling steelmaker said the sale includes several South Yorkshire-based assets, including electric arc steelworks and bar mill at Rotherham, steel-purifying facility in Stocksbridge and a mill in Brinsworth.
The applicant must have an operational savings bank account.
Life Insurance Corporation on Wednesday said its Varishtha Pension Bima scheme will continue next year also, but the interest rate and other terms and conditions will be decided by the government.
Transactions amounting to almost Rs 50,00,000 crore (Rs 50,000 billion) were stalled by the all-India strike by over 2,500 employees and officers of the Reserve Bank of India on Friday, demanding update of the pension scheme.
Modi said whenever Congress came back, all development works came to a standstill.
For every rupee in the government coffer, 58 paise will come from direct and indirect taxes, 34 paise from borrowings and other liabilities, six paise from non-tax revenue like disinvestment and two paise from non-debt capital receipts, according to the Budget documents for 2023-24.
Currently, banks are closed every second and fourth Saturday of a month. Why shouldn't they be shut every Saturday? When most customers carry their banks in their pocket (the app on the mobile phone), there is no need to keep banks open on Saturdays, argues Tamal Bandyopadhyay.
The NDA government has asked states to enrol all MNREGA workers under the three newly-launched social security schemes.
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