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.
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.
Going by Himachal Pradesh's "riwaj", or tradition, it should be the Congress' turn to form the next government.
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.
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.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
Palanivel Thiaga Rajan was on Thursday relieved of the finance portfolio by Tamil Nadu Chief Minister M K Stalin.
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
Donation to go to Sarojini Damodaran Foundation and Advaith Foundation
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.
Is social media the right platform to voice complaints about your employer?
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.
'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.'
"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.
'Young investors with limited funds should ensure that investing in NPS does not crowd out their other, more liquid, investments.'
A decision on the interest rate for close to 60 million active subscribers of the Employee Provident Fund Organisation (EPFO) is likely to be taken in the next Central Board of Trustee (CBT) meeting, starting on March 25. A letter from the social security organisation regarding the convening of the 233rd CBT meeting was sent to all the board members last week, soliciting their presence in the meeting. Although the venue and the agenda haven't been drawn out yet, sources familiar with the matter say that the interest rate is unlikely to go below 8 per cent level amid a rising interest rate scenario across the globe.
Fund houses are exploring ways to differentiate themselves in the hybrid space. A relatively unknown hybrid fund variant, Balanced Hybrid, is about to see its first launch since the introduction of mutual fund (MF) scheme categorisation norms in 2017. WhiteOak Capital MF has filed papers with the regulator for this scheme, which comes amid increasing interest in the hybrid space. MFs anticipate that hybrids will become the preferred category for investors with a lower risk appetite following changes in debt fund taxation.
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.
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.
Public-sector banks, which are the largest employers in the banking space, have seen a drop in clerical staff over the years.
The party released its manifesto -- Samajwadi Vachan Patra -- for the coming assembly elections, shortly after the BJP released its own.
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.
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".
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 state's joblessness is three times higher than the national average of 7.8 per cent.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
The Sena and Shiv Sena-Uddhav Balasaheb Thackeray labelled each other gaddar (traitor) after Shinde's rebellion split their original party last year, while Deputy Chief Minister Devendra Fadnavis publicly asserted he had exacted revenge on Thackeray for his betrayal.
The finance minister was speaking after launching the maiden IDF scheme of IIFCL Mutual Fund in New Delhi on Tuesday.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
Interacting with representatives from NGOs, Congress leader Rahul Gandhi on Monday asked opposition parties to fix a date to help government pass bills on which there is general consensus.
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.
The Centre also referred to various international economic reports and surveys to emphasise on the need for Aadhaar.
Not filing an ITR or paying the tax dues on the deceased's behalf can lead to penal consequences.
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.
Social activist Anna Hazare on Saturday said he has decided to suspend his agitation scheduled on October 2 in New Delhi as the Central government allowed the Land Ordinance to lapse and implemented the One Rank One Pension OROP) for ex-servicemen.
The good thing is that despite going on a fund shopping spree, you have steered clear of close-ended funds. This, in turn, has given us greater leeway in trimming and rationalising your holdings.
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.
80% of beneficiaries in 300 districts to be linked with direct benefits transfer
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The self-employed should invest in the National Pension System, a government-backed, low-cost retirement avenue where they can choose the mix of debt and equity that is right for them.
