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.
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.
Modi said whenever Congress came back, all development works came to a standstill.
The NDA government has asked states to enrol all MNREGA workers under the three newly-launched social security schemes.
Is it is necessary to play divisive politics to succeed in the next general elections? asks Dr Sudhir Bisht.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Life Insurance Corporation on Friday launched two schemes -- a money-back children's plan 'Jeevan Anurag' and pension with endowment plan 'Jeevan Nidhi.'
Taking strong exception to complaints and grievances of people concerning the customs and excise sectors, Prime Minister Narendra Modi on Wednesday said strict action would be taken against erring officials.
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.
Sebi, which has been given powers to take action against all unregulated money pooling schemes worth over Rs 100 crore (Rs 1 billion) besides all public issuances of securities, has issued this fresh caution notice at a time when a large number of people have been duped by numerous schemes in various states and enforcement action is underway against such operators.
Ex-servicemen seeking changes in government's OROP scheme on Monday shifted their protest back to Jantar Mantar in New Delhi from outside Finance Minister Arun Jaitley.
Hawaldar (retd) Ashok Chauhan, on a fast-unto-death since August 18 over the non-implementation of the One Rank, One Pension scheme, was taken to the army hospital on Tuesday after his health deteriorated, in what is the second such case in as many days.
The govt has incentivised the worst of investment products.
Before you file your income tax return this year, have a look at the amendments that might help you take the most possible tax benefit.
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 government does not plan to change interest rates and is concerned about falling rates for pensioners, the country's senior-most financial bureaucrat said on Wednesday.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
India's working population relies heavily on cash deposits and a second home to generate post -retirement income, according to an HSBC report.
Reserve Bank employees, who observed a token sit-in protest on Tuesday, threatened to strike work if their demands for putting an end to outsourcing of jobs and continuation of revised pension scheme were not met.
Is social media the right platform to voice complaints about your employer?
Migrant workers play a very vital role in building the nation and their rights cannot be ignored at all, the Supreme Court said on Thursday while asking the Centre to devise a mechanism so that they receive food grains without ration cards.
The apex court said there is no legal mandate that pensioners who held the same rank must be given the same amount of pension as it upheld the Centre's decision to give OROP in defence forces.
Donation to go to Sarojini Damodaran Foundation and Advaith Foundation
Gandhi also raised the issue of rising prices of LPG cylinders and said crores of beneficiaries of the Ujjawala scheme are not able to afford a refill.
The chief minister and his wife Kamlesh Thakur presented a cheque of Rs 51 lakh to chief secretary Prabodh Saxena at their official residence in Shimla.
The choice should depend on the size of the retirement corpus, stage in life, and state of health.
Rahul said that the purpose of the party's 'Bharat Jodo Yatra' is to remove fear from the people's minds and highlight issues like price rise and unemployment.
For long-term financial security, millennials must not only provide social security for their young families but also ensure that their financial burdens are not passed down to their families, says Casparus Kromhout.
Policy decisions, particularly those which have wide-ranging implications on the nation's health and security, should be decided by bodies best suited to do so, the Delhi high court said on Monday while refusing to interfere with the Agnipath scheme.
The CM said after the talks with the Lt Governor, he and his cabinet colleagues met at the committee room and it was decided "unanimously" by ministers and legislators that "the agitations including jail bharo and massive fast slated for February 20 and 21 are suspended".
In a public notice, the Securities and Exchange Board of India observed that some companies or entities are illegally mobilising funds from the public by making false promises of exorbitant rates of return under various schemes.
Senior citizens should avoid putting their entire retirement corpus in SCSS.
For large numbers of employees in the government system, the month-end salary cheque is no longer guaranteed. So the days of the government and State-owned enterprises wanting to be ideal employers are over, observes T N Ninan.
The state government is releasing Rs 6,250 crore for the cyclone relief operations. Along with this, Rs 20,000 and Rs 28,000 will be given as wage to workers of the 100-day job programme.
Your financial goals are of utmost importance and the tax saving is an added incentive, advises Dwaipayan Bose.
The Centre also referred to various international economic reports and surveys to emphasise on the need for Aadhaar.
As per the recommendations of the 2nd National Commission on Labour, the ministry is codifying existing 44 central labour laws into four codes by simplifying, amalgamating and rationalising the relevant provisions of the legislations.
While looking to give a boost to the mutual fund sector with some contribution from about Rs 5.5 lakh crore (Rs 5.5 trillion) corpus being managed by Employee Provident Fund Organisation, Sebi feels that age restrictions would safeguard investors from 'unnecessary risks' during years closer to their retirement.
Bharatiya Janata Party President Amit Shah on Friday said the government will soon implement 'One Rank, One Pension' scheme even as agitating ex-servicemen threatened to intensify their protest if any unilateral announcement is made which does not meet their long-standing demand.
The results of the assembly elections in Gujarat and Himachal Pradesh are also likely to play out during the start of the session.
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