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.
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.
India's working population relies heavily on cash deposits and a second home to generate post -retirement income, according to an HSBC report.
The Army, stated that "in view of conflicting messages on social media regarding financial assistance to the Next of Kin of the deceased, it was important to clarify that emoluments due to the Next of Kin were governed by the relevant terms and conditions of service of the soldier".
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.
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Donation to go to Sarojini Damodaran Foundation and Advaith Foundation
In a post on X, the prime minister also urged the people to make contributions to the Armed Forces Flag Day fund.
Modi said whenever Congress came back, all development works came to a standstill.
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 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.
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.
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".
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.
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.
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.
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 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.
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 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 focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
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.
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.
The Centre also referred to various international economic reports and surveys to emphasise on the need for Aadhaar.
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.
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.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The finance minister was speaking after launching the maiden IDF scheme of IIFCL Mutual Fund in New Delhi on Tuesday.
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 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.
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.
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.
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 choice should depend on the size of the retirement corpus, stage in life, and state of health.
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.
80% of beneficiaries in 300 districts to be linked with direct benefits transfer
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.
In view of the "runaway success" of the scheme, now it has been decided to make it open-ended with more incentives
Your financial goals are of utmost importance and the tax saving is an added incentive, advises Dwaipayan Bose.
Senior citizens should avoid putting their entire retirement corpus in SCSS.
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