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.
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
With effect from January 1, 2006, pension is calculated with reference to average emoluments.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
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This Act had to be excluded from the list of the obsolete laws to be repealed as some of its provisions provide security to the pensioners against attachment of pension
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.
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.
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.
The central government has appointed India Invest Economic Foundation, a private agency, as consultant for operationalisation of new pension scheme by this month.
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.
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.
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."
Nearly two million postcards and eight million letters pass through India's post offices daily.
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.
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
'Once elected, you have to act like people's representative for the full five years or else people show you your place.'
Before opting for this scheme, consider how EPS is calculated.
'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.'
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.
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.
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
Many senior citizens fail to disclose certain incomes like interest, commissions, or dividends in their ITRs.
'Now the political boss decides, and the ED acts.'
'Modi must see how we live, what we have to do to educate our children.'
Agarwal's relationship with the finance ministry has been choppy, particularly after P Chidambaram.
On March 13, Minister of State for Finance Pankaj Chaudhary had tabled the second batch of supplementary demands for grants in the House amounting to a total of Rs 2,70,508.89 crore.
More than 95 per cent people are benefiting from pension after the implementation of OROP, Parrikar said.
The Supreme Court on Monday came down heavily on the ministry of defence over its January 20 communication regarding payment of arrears of One Rank-One Pension (OROP) in installments to eligible pensioners of the armed forces.
The new 'Form 5' has been brought for the benefit of pensioners and it will record all information on the basis of self-attestation by the individual concerned, said Sanjay Kothari, Secretary, Department of Administrative Reforms, Public Grievances and Pension.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
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