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.
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.
'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.
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.
'Modi must see how we live, what we have to do to educate our children.'
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.
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 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.
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.
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 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.
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 and Chouhan have visited Mahakoshal multiple times and reached out to tribals to shore up support for the BJP.
BJP president J P Nadda on Sunday promised Uniform Civil Code (UCC) and 33 per cent reservation for women in government jobs in Himachal Pradesh while releasing the party's manifesto for the state assembly polls.
Autorickshaw drivers had threatened to go on a strike in support of their demands, which included a hike in fares.
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.
Invest in MFs for liquidity and choice of funds. Invest in NPS for the tax benefits, tax-free rebalancing, and for earmarked savings for retirement.
'Elections in Madhya Pradesh have so far largely avoided freebies.' 'But this time both the Congress and BJP are making such announcements.'
The applicant must have an operational savings bank account.
In a setback to the ruling Bharatiya Janata Party-Balasahebanchi Shiv Sena combine in Maharashtra, the Opposition Maha Vikas Aghadi-backed candidates clinched two of the five legislative council seats which were up for grabs in biennial elections from teachers and graduates segments, and appeared poised to bag a third seat also.
It is a trend that economists and researchers say might continue. The data shows the share of this age group in the net EPF accounts created - a proxy for net new formal jobs created - fell from 37.9 per cent in 2018-19 to 24.1 per cent in 2021-22.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
'Filing a nil ITR serves as a formal declaration to the tax authorities that your earnings fell below the taxable threshold in the given financial year, and you had no tax liability during that period.'
Going by Himachal Pradesh's "riwaj", or tradition, it should be the Congress' turn to form the next government.
After the success of the National Highways Authority of India's (NHAI's) first infrastructure investment trust (InvIT) with foreign institutional investors, the Centre is working on a proposal to launch a fresh InvIT for national highways, where domestic retail investors can hold units of the trust
Life Insurance Corporation on Friday launched two schemes -- a money-back children's plan 'Jeevan Anurag' and pension with endowment plan 'Jeevan Nidhi.'
'Young investors with limited funds should ensure that investing in NPS does not crowd out their other, more liquid, investments.'
Palanivel Thiaga Rajan was on Thursday relieved of the finance portfolio by Tamil Nadu Chief Minister M K Stalin.
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
The govt has incentivised the worst of investment products.
The NDA government has asked states to enrol all MNREGA workers under the three newly-launched social security schemes.
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 Congress will conduct a caste census in Madhya Pradesh after winning the assembly polls and establish a university in the name of Sant Ravidas, said party president Mallikarjun Kharge, accusing the regime at the Centre of wishing to change the Constitution.
The top court granted liberty to ex-servicemen association to file an application, if they feel aggrieved by any action of the Centre on payment of arrears of the OROP.
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.
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.
