EPFO has verified or attested 64.67 lakh Aadhaar numbers.
The Centre on Wednesday announced a raft of post-retirement employment possibilities for 'Agniveer' like priority in recruitment to the central armed police forces (CAPF) and Assam rifles but that failed to assuage the concerns of the opposition Congress which warned the 'transformative' 'Agnipath' scheme will reduce the operational effectiveness of the armed forces.
To make possible discretionary spending including capex and that on welfare, the government decided to borrow more than planned in FY21 -- Rs 12.7 trillion.
According to a 2021 Redseer report, India's overseas education market is estimated to more than double to $80 billion by 2024.
Union minister and former Army Chief General (retd) V K Singh on Wednesay said he has firm faith in Prime Minister Narendra Modi who had taken a pledge to implement the OROP scheme for ex-servicemen.
The most important institutions have been and are being undermined with almost no resistance, warns Aakar Patel.
A railway station and a police vehicle were torched and several law enforcers injured in stone-pelting incidents on the fourth consecutive day of protests against Agnipath scheme on Saturday when a bandh was also called to press for the demand for rollback of the new scheme for recruitment in armed forces.
This will incentivise employers to recruit unemployed persons and also bring into books the informal employees.
According to the third batch of supplementary demands for grants tabled in the Lok Sabha, approval is being sought for gross additional expenditure of over Rs 1.58 lakh crore.
Preparations are in full swing for Prime Minister Narendra Modi's in Uttar Pradesh's Mathura, which will mark beginning of the Bharatiya Janata Party's celebration of its first year in office.
They were speaking at a function to mark the release of 'Defying the Paradigm,' a coffee table book on Srinivasan's 50-year journey with India Cements.
There were concerns that simply opening a bank account wouldn't constitute meaningful financial inclusion, as the poor would rarely use these accounts. However, recent data submitted to Parliament attests to increased account usage, says Ishan Bakshi.
'How is the scheme running despite running such massive deficits?' 'This is because the number of new members are much more than earlier members who are drawing pension.' 'If this was done by a private organisation, it would have been called a Ponzi scheme in which the contribution by new members is being used to pay off old members,' says Harsh Roongta.
The government is also looking to earn 8 paise for every rupee from Union excise duty and 3 paise from customs duty. While, income tax will yield 14 paise to every rupee collection.
The government, under the Finance Act, 2020, had allowed tax exemption for SWFs and pension funds in the case of incomes from investment in 34 key infrastructure sectors, including hotels, cold chains, educational institutions, hospitals, and gas pipelines.
The idea of three capitals has not been abandoned, even as the state lurches from financial crisis to crisis.
Foreign portfolio investors (FPIs) and mutual funds (MFs) have put in more money as anchor investors in initial public offerings (IPOs) in 2021 than any other year. FPIs' share of investments for the year stood at Rs 24,477 crore, nearly six times that put in last year and more than nine times the amount invested in 2019, the data from Prime Database showed. MFs have invested Rs 12,264 crore, four times than that invested last year and more than 10 times the investment in 2019. The total investment by FPIs and MFs put together this year is five times the amount invested last year. The amount contributed by MFs, however, is nearly half of that invested by FPIs.
Defence Minister Manohar Parrkar ruled out the possibility of deploying the Indian Army in anti-Naxal operations.
If the Congress comes to power in the state, it will not allow his government to work, Modi claimed.
September 15 is the deadline for paying the second instalment of advance tax. This is income-tax (I-T) taxpayers need to pay every quarter, instead of a lump sum at the end of the year. Ashutosh K Srivastava, senior associate, SKV Law Offices, says, "The tax has to be usually paid when income is earned. "Nonetheless, according to the I-T Act, the taxpayer has to estimate his income for the entire financial year. Based on that, he/she pays tax at specific intervals."
Protests against 'Agnipath' left Bihar in flames on Friday when rampaging mobs set fire to dozens of railway coaches, engines and stations and torched Bharatiya Janata Party offices, vehicles and other property, prompting the police to suspend internet services in nearly a third of the state.
The government on Saturday asked the ex-servicemen to end their 84-day agitation as their basic demand for 'One Rank and One Pension' has been accepted and asserted it was open to talks after the veterans voiced their dissatisfaction over key provisions.
Of the total cash outgo Rs 40,000 crore is towards enhanced expenditure under Mahatma Gandhi National Rural Employment Guarantee Program and Rs 33,771.48 crore have been sought for direct benefit transfer under Pradhan Mantri Jan Dhan Yojana and National Social Assistance Programme.
'We're hitting at the core strength of our armed forces.'
Highly-placed sources in the government say that none of the senior ministers had any inkling of Patel's resignation
Rediff.com does a quick checklist on what the two manifestos have to say on hot-button issues of the day.
The AG said that due to Aadhaar, government has saved over Rs 50,000 crore on the schemes to benefit the poor as well as the pension schemes.
Minister of state for defence, Rao Inderjit Singh, on Thursday asked the armed forces to "prioritise" their requirements in the view of the limited budget and also spend the allocated money efficiently.
Agnipath may be an exercise to address the genuine needs of the armed forces. But overall, it betrays the tendency to use the military and paramilitary for employment generation and shaping a national character, instead of treating them as the professional services they are, notes Shyam G Menon.
The CMOAI had earlier called for a three-day strike that began on Thursday.
The government has set up a high-level committee.
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
MFs continue to find it difficult to attract and retain long-term money from investors
The government plans a mega launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY) by Prime Minister Narendra Modi on August 28, which is likely to see opening of one crore bank accounts on the first day itself.
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The first phase would comprise universal access to banking facilities. Under this, basic bank accounts with zero balance, RuPay debit card and financial literacy, will have to be completed in the next one year, officials said.
Damage from new shenanigans can be contained if regulators move quickly when something does not smell right, counsels Debashis Basu.
Raising equity exposure to 50 per cent in the National Pension Scheme will benefit young investors, provided they can stomach higher volatility.
Close to 300 of these veterans assembled at the protest site, very close to where a similar agitation is being held by the ex-servicemen of the armed forces for the prompt implementation of the OROP for them.
The ministry of labour and employment plans to implement social security programmes only for the poorest of the poor in the unorganised sector, to begin with.
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