rediffGURU T S Khurana answers readers' personal income tax queries.
The Unified Pension System (UPS), approved by the Union Cabinet on Saturday, is "fiscally prudent" as it will be funded within the Centre's fiscal projections, according to T V Somanathan, the Cabinet Secretary-designate. Speaking to Business Standard immediately after the Cabinet nod, former finance secretary Somanathan, who headed the committee set up in March 2023 to review the National Pension System (NPS), said the UPS will not postpone pension expenditure as it will be contributory and financed each year.
Complainant KK Mishra -- chairman of the MP Congress's media department -- has now moved the high court against the delay in the grant of sanction.
Retired college teachers in Bihar are facing financial difficulties as they have not received their pension for the past four months, reports M I Khan.
Canada's foreign direct investment (FDI) into India doubled after the pandemic years even as India's own investments into Canada show signs of slackening in recent years. The cumulative equity FDI inflows from Canada rose from $1.8 billion in March 2019 to $3.9 billion in March 2024, shows data from the Department for Promotion of Industry and Internal Trade (DPIIT). The overall share is up from 0.42 per cent to 0.57 per cent during the same period, suggesting that Canadian FDI grew faster than overall FDI during this period
Several leading scientists, academicians, and agriculturalists have called for raising government support for research and development to make Indian agriculture future-ready.
A total of 1,162 essential documents have been distributed among 872 persons at the camp, the district administration in Wayanad said.
The opposition Maha Vikas Aghadi on Sunday released its manifesto for the Maharashtra assembly polls, promising free cervical cancer vaccines for girls aged 9 to 16 and and two optional leave days for women employees during menstruation.
'It would be reasonable to assume that Modi 3.0 would be more focused on projects and schemes which do not require any legislative change or which have the support of its coalition partners,' asserts A K Bhattacharya.
Here is the complete list of ministers in Modi 3.0 and their portfolios:
As many as 26 forms under pension rules have been reviewed and modified where necessary.
The tenure of the incumbent AIIMS director, Dr Randeep Guleria, which was set to end on March 24, was extended by three months.
Not filing an ITR or paying the tax dues on the deceased's behalf can lead to penal consequences.
The proposal is currently with the finance department and is expected to be placed before the Cabinet in the coming days.
In a slew of new reforms related to manpower in the armed forces initiated by Chief of Defence Staff General Bipin Rawat, the retirement age of officers and jawans from technical branches is proposed to be increased.
Days after cutting the salaries and other allowances of MPs and ministers, the government has passed instructions to all departments to reduce their expenditure by as much as 60 per cent from their first-quarter spending plans.
Many seniors mistakenly believe they need not file returns if tax is deducted at source (TDS) on income received. This is incorrect.
The fund will promote domestic shipbuilding of all types and sizes to reduce India's dependence on foreign ships.
rediffGURU T S Khurana answers readers' personal income tax queries.
"The amount of both the family pensions will now be restricted to Rs 1,25,000 per month, which is over two and half times higher than the earlier limit," said Singh, the Minister of State for Personnel.
A land-owning class, the Jats are a powerful community and account for 28 per cent of Haryana's population. The time, they believe, has now come for them to take revenge.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Amid the Budget preparation, the revenue department is assessing the feasibility of further adjustments to maximise benefits for salaried individuals.
Dr Guleria was appointed as the director for a term of five years on March 28, 2017.
Sitaram Yechury strived to have the country's Left movement shed its doctrinaire approach to India's socio-cultural complexities and stitch electoral and social alliances to fight the Sangh Parivar.
The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets.
'The committee has been constituted. Different government departments and FSDC members are part of it.'
Rajasthan is reeling under a huge financial burden with the state's debt having gone beyond Rs 5.59 lakh crores. Rajasthan has increased expenditure on education by 203.4 percent, by 105.4 percent on health, by 227.14 percent on housing. Its expenditure on social welfare schemes has increased by almost 2,475 per cent.
Rescue teams on Friday used GPS coordinates from aerial drone pictures and cell phones, including the last location of people who lived in the landslides-hit areas of Wayanad to help locate survivors, amidst accelerated search operations after the completion of the 190-foot-long Bailey bridge by the Army.
The Maharashtra cabinet on Thursday cleared a proposal that offers an option of availing the Old Pension Scheme (OPS) to the state government employees who joined the service after November 2005.
"In view of the crisis arising out of Covid-19, it has been decided that additional instalment of dearness allowance payable to central government employees and dearness relief (DR) to central government pensioners due from January 1, 2020, shall not be paid. "The additional instalment of DA and DR due from July 1, 2020, and January 1, 2021, shall also not be paid," the department of expenditure said in an office memorandum.
'This year overall hiring has seen a slight improvement as compared to the dip seen during the last financial year.'
'No one is propagating RSS ideology as a government officer.'
Signalling both change and continuity, India's new government, headed by Prime Minister Narendra Modi for a third consecutive term, got into work gear on Tuesday with cabinet ministers and ministers of state filing into their respective offices to assume charge.
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The Department of Pension and Pensioner's Welfare is working on this front with the vision of ensuring a life of dignity for pensioners, Minister of State for Personnel, Public Grievances and Pensions Jitendra Singh said.
So far 2,06,024 pensioners have submitted DLCs.
Compulsory retirement is part of a half-yearly exercise now for cases where government wants to weed out officers, but without taking the disciplinary proceedings route.
The 1.4% decline projected for 2025 is driven by a 5.6% (72,000) dip in the strength of railway employees to 1.2 million by next year.
The Union Budget 2021-22 has made it easier for sovereign wealth funds and pension funds to invest in Indian infrastructure projects, but some of the new rules may need more clarity, experts said. The proposed regime requiring investments through holding companies may have adverse tax implications for such funds and may create an arbitrage between the new and old projects, they said. Besides, the ownership structure of holding companies through which investments are to be made requires further clarification, they added.
Te Congress slammed the Centre's order, alleging that Prime Minister Narendra Modi wants to politicise employees on an ideological basis.
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