Indian government may still have reservations over allowing pension funds in stock markets, but retirement savings worth a billion dollars of more than one million Americans have already been invested in Indian equities.
Indian tax laws are a source of frustration for US companies, says US Ambassador to India Nancy J Powell.
EPFO is also contemplating providing permanent or universal account number to it all active members by October this year.
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.
The NPR data can be used for transparent and efficient delivery of social benefits by linking it with various beneficiary oriented government schemes, they said.
The document, shared by the prime minister on the occasion of the first anniversary of his second term on his Twitter account and web portal, detailed the steps taken by his government for the progress and development of the country. The document is divided into 15 heads ranging from ease of doing business, ease of living, to eliminating corruption and the country's fight against coronavirus.
Presenting the Union Budget for the year 2012-13, the Finance Minister informed the Lower House of Parliament that the enrolments into the other system have already crossed 20 crore (200 million) and the Aadhaar numbers generated upto date has crossed 14 crore (140 million).
The payroll estimates, released by the EPFO based on its enrolment, threw up some contrasting trend between September 2017 and February 2018.
Assessment reports will be shared with all employees
"Our armed forces have shown utmost restraint in tackling terrorists in Kashmir Valley despite grave provocations," he said in his address on the All India Radio on the eve of Independence Day.
Rediff reader Ashok Gupta, 60 from Prayagraj, Uttar Pradesh shares his advice on how to keep COVID-19 away.
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.
San Francisco Employees' Retirement System (SFERS), Brown University and Texas Investment Management have joined the list of global pension, endowment and universities' funds attracted by the Indian stock markets.
UIDAI chairman Nandan Nilekani, in an interview to CNN-IBN, says that Aadhaar enabled service delivery is a far more effective way to fight corruption.
'Unless the State is a welfare State, unless the State has more welfare measures, it will not be able to deal with these kind of sudden situations.'
Later, there may be some tax relief aimed at the middle class and measures to benefit the sectors worst hit by Covid-19 and the resultant nationwide lockdown.
'There is one weapon in the government's armoury which impacts the independence of the judiciary, and which has not been affected by the collegium system.' 'It is post-retirement employment with the government. 'This is because some judges -- but not all -- are offered post-retirement employment by the government, and it has often been feared that judges close to retirement might decide cases so as to please the government in order to get a favourable post-retirement position,' says Abhinav Chandrachud.
Salaried employees get several benefits under Sections 80C, 80D, 80G and others.
Arun Jaitley had a tough fiscal hill to climb.
To curb mis-selling of policies and rationalise commissions, radical changes have been proposed to help investors.
'If you retain your account with the EPFO for 10 years, you get a life-long pension.'
The Centre also referred to various international economic reports and surveys to emphasise on the need for Aadhaar.
'This is happening regardless of the Budget.'
Deadline to submit convincing reform plans is this week.
'The non-implementation of the Seventh Pay Commission, almost a year after it was implemented for civilians, is gradually beginning to hurt morale in the armed forces,' says Brigadier Gurmeet Kanwal (retd).
Unique Identification Authority of India said the alleged data breach took place on a website that does not belong to it.
'Should the most important part of economic reform not comprise the way we look at the fiscal deficit?', asks T C A Srinivasa Raghavan.
Stating that pushing GDP growth, which has slipped to 5-year low of 6.8 per cent in 2018-19, is the top priority, President Ramnath Kovind said Modi govt will bring more reforms and raise farm investments to boost growth.
Railways to hive off all production units and workshops into new govt-owned company; may invite bids from private players to run passenger trains in next 15 days, with ownership vesting with the government.
10 per cent for those who earn up to Rs 30 lakh a year and 25 per cent for those who earn more, suggests T C A Srinivasa-Raghavan.
West Bengal was the second-most industrialised state in terms of value added and first in terms of number of factories and employment even in the mid-1960s. With a severe and long process of deindustrialisation, it lost its primacy.
The war between hackers and banks over ATM security will be dynamically redefined, notes Atanu Biswas.
The union has been demanding appointment of staffs, implementation of proper pension scheme, opposing the idea of one delivery point and one post office system of the government, Union general secretary M Krishnan told reporters in New Delhi on Tuesday.
Most of the scanty 6.35% rise in the defence budget is accounted for by manpower and running expenses.
The military will now demand further pay and promotion parity with civilians
Subramanian recommended five ways of financing additional expenditure over a period of one year, including cutting expenditure and borrowing directly from the RBI or monetising debt.
Prime Minister Modi made a strategic blunder of Nehruvian proportions -- presuming no war can happen now, and the Chinese won't be a military threat and risk their economic interests, observes Shekhar Gupta.
Rediff.com does a quick checklist on what the two manifestos have to say on hot-button issues of the day.
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