The Reserve Bank of India's retail direct scheme is off to a good start but the central bank itself sees it as an additional avenue and not an alternative to the existing one. Still, a reasonable expectation is to have at least 100,000 investors within a month of it being operational, and that could be well under way, if the latest trend is to sustain. The registration in the retail direct platform has crossed 35,000.
While no specific state-oriented sops were rolled out, a strong thread of political wellness ran through the Budget.
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
'We're hitting at the core strength of our armed forces.'
Conservative investors and those in the lower tax bracket should opt for these, experts tell Sanjay Kumar Singh
The Adani stock price saga will pass into public memory as one of those matters that simply escaped being nailed down, perhaps because too many vested interests were involved, notes Debashis Basu.
Protestors continued to target railway properties in Bihar and West Bengal on Saturday to vent their ire against the Agnipath defence recruitment scheme disrupting train services in the eastern region for the fourth day in a row, while demonstrations were held on roads in Odisha and Jharkhand.
With the PMO itself spearheading a re-evaluation, the Director General of Defence Accounts has been asked to justify its earlier contention that the 'slab based' system would benefit a larger number of disabled veterans -- something the army flatly denies, reports Ajai Shukla.
Damage from new shenanigans can be contained if regulators move quickly when something does not smell right, counsels Debashis Basu.
'He is exposing the failings of the BJP, which is rankling the party.'
The more market driven the economy becomes, the more its government sector should function in its basics like the rest of the economy.
Raising equity exposure to 50 per cent in the National Pension Scheme will benefit young investors, provided they can stomach higher volatility.
Ensure the employer has all relevant documents. Else, your pay will take a serious hit in the next two months.
Besides, it has been decided that a complaint received from a citizen will not be closed until an appeal filed against it is disposed of.
'Military is too serious a matter to be taken as a tour for a few years.'
While we seem to want soldiers on short-term engagement, warfare itself is getting more technical and needs skilled manpower. The world has seen the dismal performance of armies that rely on short tour of duty soldiers or have outsourced war to 'contractors' in Afghanistan and now in Ukraine, points out Colonel Anil A Athale (retd).
Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.
The first task before him is to get used to the idea of working with the Monetary Policy Committee
If someone does reduce his contribution, he should scale it back to the 12% level as soon as he can, suggests Sanjay Kumar Singh.
Since there are many and complicated choices, retail investors stand to benefit
If you have seen Zwigato, Param Kumar's story will sound familiar. Laid off from his job as a repairman at a Gurugram-based water purifier provider, he now delivers groceries and food for a mobile-based delivery app, in Delhi. Kumar, who started making deliveries last August, told Business Standard that he is working longer hours than his older salaried job as an RO repairman, and has no paid leaves or health insurance. Kumar is part of India's estimated 7.7 million-strong force of gig workers.
Given its features as a retirement product (long lock-in and compulsory annuitisation), investors should have other investments they can fall back on in case they need funds
If a risk taker and young, NPS would suit her/him. Otherwise, s/he should go for EPF.
Restrict investment to Rs 50,000 for tax benefits, experts tell Sanjay Kumar Singh, but caution that taxation at maturity and compulsory annuities are dampers.
7 key areas that the Budget must address to re-energise the infrastructure sector, suggests Vinayak Chatterjee.
It's unfortunate the govt seems close to bowing to pressure from a limited section of the public.
Is it a divine, sacrosanct university, a holy cow, prohibiting human intervention?
Raise in NPS entry age gives seniors another retirement-saving option but they should invest at least Rs 50,000 to avail of the additional tax benefit scheme provides, reports Sanjay Kumar Singh
Under the Commission proposal, Greece would get the whole 7 billion in one go
Trains were set afire and blocked, and public vehicles attacked as protests over 'Agnipath' swept across several places in Bihar, Uttar Pradesh, Rajasthan, Haryana, Madhya Pradesh, Delhi and Jammu on Thursday amid partisan political voices in favour and against the new recruitment scheme for the defence forces that has set off a firestorm.
When taken at the right time it can prove to be your best friend during old age
The scheme is aimed at slashing the salary and pension bills of the three services, which have been increasing rapidly.
Shareholders of Reliance Industries have approved the appointment of Saudi Aramco Chairman Yasir Al-Rumayyan on the company board, with less than 2 per cent of votes cast against the proposal. Disclosing the results of shareholder votes on the appointment, Reliance in a regulatory filing said 98.03 per cent of votes were cast in favour of the resolution to appoint Al-Rumayyan for three years. As many as 10.89 crore shares or 1.96 per cent voted against the resolution, while 3.23 crore votes were declared invalid due to lack of proper authorisation, it said.
The most important institutions have been and are being undermined with almost no resistance, warns Aakar Patel.
The deduction will be higher and net take-home pay will fall.
RBI wants periodic revision of the pensions for its retired employees.
'I have seen, even in my village, people hanging pictures of Communist leaders -- Jyoti Basu, Joseph Stalin, Mao Zedong -- in their drawing rooms. Could we not hang pictures of Swami Vivekananda? '
There was no word on whether or when Patel would be talking to the media about his priorities and plan of action as head of Mint Street
"The women officers were re-considered as per directions of the Hon'ble Supreme Court and fresh results have now been de-classified. Consequently, 147 more women officers are being granted PC, taking the total PC granted to 424 out of the 615 officers considered," the ministry said in a statement.
7 million jobs will be created in formal sector in FY18
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