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.
'This year overall hiring has seen a slight improvement as compared to the dip seen during the last financial year.'
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.
'No one is propagating RSS ideology as a government officer.'
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.
With effect from January 1, 2006, pension is calculated with reference to average emoluments.
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 decision is likely to bring additional amount of about Rs 1,500 crore or Rs 15 billion (including interest) in the books of MTNL as refund from government for the pension that the PSU paid to its employees.
This Act had to be excluded from the list of the obsolete laws to be repealed as some of its provisions provide security to the pensioners against attachment of pension
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The supplementary demands for grants include a gross additional spending of over Rs 2 lakh crore, which would be matched by savings of over Rs 1.21 lakh crore.
Te Congress slammed the Centre's order, alleging that Prime Minister Narendra Modi wants to politicise employees on an ideological basis.
Former Indian Air Force chief Air Chief Marshal R K S Bhadauria (retired) joined the Bharatiya Janata Party on Sunday and praised Prime Minister Narendra Modi's leadership and the steps taken by his government to modernise and strengthen the armed forces
Here are some frequently asked questions about the one rank, one pension scheme
'What happened was that over a period of time, the data analytics showed that many were claiming it and that it was being misused'
In a big relief to over a crore retired employees of government and PSUs, a pensioner can now digitally provide proof of his existence to authorities for continuity of pension every year instead of requiring to present himself physically or through a Life Certificate issued by specified authorities.
'Instead of joining us in celebrating the strikes, the MoD has stabbed us in the back,' says a top general.
Using the Mahabharat reference as a leitmotif, Leader of Opposition in the Lok Sabha Rahul Gandhi on Monday claimed that an atmosphere of fear prevails all around with a group of six trapping the entire country in a 'chakravyuh' he promised would be broken by the INDIA bloc.
The central government has appointed India Invest Economic Foundation, a private agency, as consultant for operationalisation of new pension scheme by this month.
The full grant of OROP would raise annual military pensions to Rs 75,000 crore, only slightly less than the salary bill of Rs 93,216 crore.
Prime Minister-designate Narendra Modi is expected to have a 45-member council of ministers who will take oath along with him on Monday evening. The council of ministers is expected to have 23 Cabinet ministers, 10 ministers of state with independent charge and 11 ministers of state, according to sources. There are 26 less ministers in Modi's Cabinet compared to the UPA II council of ministers.
Numbers could be classified further into (140) marketing and (160 or 161) for service calls to easily identify the purpose of the call in the future.
In a minor reshuffle, Uttar Pradesh Chief Minister Akhilesh Yadav has taken over the charge of 11 new departments. As per a notification issued in Lucknow, agriculture, foreign trade, export and marketing have been taken away from Agriculture Minister Anand Singh. Akhilesh has been given additional charge of Food and Drug Authority, AYUSH, non-conventional energy sources, infrastructure, coordination, public enterprises, political pension, language, agriculture, foreign trade
This is the second extension sought by the Union government to pay the arrears after it had first moved the top court in June and sought three months to compute and make payment.
Equating the imposition of the Emergency with dacoity, he said, "Generally, dacoity is carried out around midnight. Similarly, this dacoity of democracy in the country also took place around midnight."
To offer additional support at the low end of the income ranges, the Centre will consider a large-scale jump in exemption rates under the old income-tax regime in the vote on account, or interim Budget, according to a senior official in the know. Those will include an extension of the income tax exemption rates close to Rs 7 lakh and additional measures for women farmers.
Nearly two million postcards and eight million letters pass through India's post offices daily.
Before opting for this scheme, consider how EPS is calculated.
Ask your HR department for details about the fund, trustees and returns
Congress Vice President Rahul Gandhi backed the long-pending demand of 'One Rank, One Pension' for former servicemen assuring them that he will make all efforts to ensure it is met at the earliest.
'Once elected, you have to act like people's representative for the full five years or else people show you your place.'
The Congress on Wednesday said the opening up of the insurance sector is largely concentrated in urban life market, not addressing issues in health, rural and pension sectors. \n\n\n\n
'The Emergency was a temporary affair. It was withdrawn after 20 months.' 'But we are in this situation for the last 10 years.' 'If the Emergency was jhatka, this is halal, slow killing.'
Agarwal's relationship with the finance ministry has been choppy, particularly after P Chidambaram.
When the subscriber reaches superannuation or the age of 60, 60 per cent of the total corpus accumulated in NPS can be withdrawn as a lump sum.
Many senior citizens fail to disclose certain incomes like interest, commissions, or dividends in their ITRs.
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