Now, 83 per cent males and 77 per cent females have formal bank accounts but they are hardly using them
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
It's time Rahul Gandhi became attuned to the reality of the 21st century instead of recycling failed political jargon of the 20th century,' argues Virendra Kapoor.
The country's new economic roadmap highlights the importance of creating a virtuous cycle of investment, savings and exports in order to sustain rapid economic growth over the next five years.
Officers from the rank of Deputy Inspector General (DIG) up to the top-most rank of Director General (DG) in these four forces retired after attaining the age of 60.
Functional asset allocation recognises that there are three basic asset allocation categories.
Retirees and labour officials acknowledged that the city's finances were in a shambles and they would have to share in the sacrifice to help Detroit recover.
'Completely disregarding ground reports of starvation deaths owing to Aadhaar and potentially disguising these deaths to look like accidents appears brutal,' says Rajendran Narayanan.
Indian Railways has tied up funds for the next two years for its ambitious modernisation programme.
The govt has incentivised the worst of investment products.
Even today, many MFIs already distribute pension and micro insurance products to low-income households.
Mamata Banerjee fended off a spirited challenge by a resurgent Bharatiya Janata Party in West Bengal with a landslide victory for her Trinamool Congress on Sunday for a third consecutive term and the saffron party and the Left Democratic Front were poised to form government again in Assam and Kerala respectively while the Dravida Munnetra Kazhagam stormed back to power in Tamil Nadu after a gap of 10 years.
It is easy to criticise but difficult to transform an institution, says CJI Misra
The NFC-phone-cum-scanner is simpler since fingerprints are used to verify identity. For a typical village, the cost would drop from Rs 1.5-1.7 lakh (Rs 1,50,000-Rs 1,70,000) to Rs 20,000. What of the transaction costs? Right now, the government gives banks 2 per cent of the amounts being transferred as commission, and the bank shares this with its business correspondents.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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.
A tweet by the Press Information Bureau said the states which have imposed lockdown in all districts include Chandigarh, Delhi, Goa, Jammu and Kashmir and Nagaland. The other states are: Rajasthan, Uttarakhand, West Bengal, Ladakh, Tripura, Telangana, Chhattisgarh, Punjab, Himachal Pradesh, Maharashtra, Andhra Pradesh, Meghalaya, Jharkhand, Bihar, Arunachal Pradesh, Manipur, Tamil Nadu, Kerala, Haryana, Daman Diu and Dadra and Nagar Haveli, Karnataka and Assam.
In other welfare schemes, such as those for cooking gas, pension and scholarships, which are linked to DBT, cash is transferred directly into the bank accounts of beneficiaries.
Havildar Abhilash Singh (retired) has been taken to hospital. He was on relay hunger strike.
It will be interesting to see whether India-China border tensions figure during the deliberations of PLA deputies to the NPC and CPPCC, notes Jayadeva Ranade, the distinguished China expert and retired RA&W officer.
Universal basic income or social security? Economist Nitin Desai feels we need a blueprint for universal health care and pensions to help the vulnerable section.
'There were tears in my eyes when I parted with my medals. I thought was it for this moment did I become a soldier?' In 2008, Captain H Balakrishnan (retd) of the Indian Navy returned all his medals to the President of India to protest the government's failure to implement the One Rank One Pension scheme.
What does Nobel Laureate Abhijit Banerjee thinks about India's education sector?
Jaitley's fifth Budget has provided little relief to the middle class.
Else, repent when you reach your golden years
Recently, the government announced yet another ambitious scheme aimed at providing health insurance to 50 crore individuals.
The minister plans to reinstate the Railways as the backbone of the economy
He cautioned people against forces inside and outside India which are working against the country by targeting it and its constitutional values.
GST rate cut for real-estate, income transfer scheme, farm loan waivers execution and recapitalisation of PSU banks have the potential to boost India's growth in a few months, says Neelkanth Mishra.
The defence sector is seeing renewed interest by Indian corporates, says Jyoti Mukul
The HR challenge seems to be one of the most important issues that RBI Governor Shaktikanta Das will have to tackle.
Whilst politicians promise to uphold the honour and interests of our soldiers, the very opposite is being done, says Karan Thapar.
Individuals often postpone tax planning till the end of the financial year. As the deadline for showing proof of investments draws near, they invest randomly in any product that will help them save tax for that year. Later, they realise that it is not suited for them, so they abandon it. Tax planning should not be a standalone, one-off activity, but should be in sync with your overall financial plan, says Sanjay Kumar Singh.
Sebi has put in place a strong deterrence to check any misuse of participatory notes.
Long-term funding was a requirement for infrastructure projects, and asset-liability mismatch in the banking system, impacts the access to finance for infrastructure projects. One of the key challenges would, however, be to get private sector back into investing.
A way out of the economic slump is to revisit the template of 15 years ago and follow its constituents, recommends Ajay Shah.
"People in India are benefiting from the whole process of liberalisation," Finance Minister Arun Jailtey said.
In April, the US stopped funding to WHO as the Trump administration reviewed the ties.
Banking operations are likely to be hit hard on Friday as three employees unions have called for a nationwide strike to oppose outsourcing of services, demand recruitment of staff and one more pension option.
The march, which commenced from Nashik on March 6, will culminate in Mumbai on Monday and protestors plan to gherao the Vidhan Bhavan where the Budget session of the state legislature is underway, said organisers.
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