Kerala Minister K M Shaji admitted that distributing welfare pensions from a UDF political office in Malappuram's Pulpatta panchayat was improper, leading to the removal of the responsible official. The incident, which sparked allegations of rule violation, was attributed to unforeseen circumstances and bad weather, with the minister assuring steps to prevent recurrence.
A tribal woman walked nearly 3 km carrying her 90-year-old mother-in-law on her back to a bank to collect the latter's Rs 500 monthly pension, pending for four months due to incomplete KYC (Know Your Customer) formalities, in Chhattisgarh's Surguja district.
A pension fraud has been uncovered in Himachal Pradesh, where over 40 individuals were falsely declared as 'elderly' in official records to receive old-age pensions.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The Indian government is reportedly considering increasing the foreign direct investment (FDI) limit in the pension sector to 100 per cent, bringing it in line with the insurance sector. A Bill to amend the PFRDA Act, 2013, is expected in an upcoming Parliament session.
The Karnataka State Cricket Association (KSCA) has announced a monthly pension for former women cricketers who represented the state in the Senior Women's National Championship, aiming to honour their contributions to the sport.
A parliamentary panel has recommended an urgent review of the Rs 1,000 minimum monthly pension under the Employees' Pension Scheme, 1995, to raise it to a more realistic and dignified level, considering the rising cost of living and the financial hardships faced by pensioners.
Pakistan has increased its defence budget by 17.6 per cent to PKRs 3,000 billion for the upcoming fiscal year, as announced by Finance Minister Muhammad Aurangzeb. The federal budget, estimated at PKRs 18,771 billion, targets 4 per cent GDP growth, with significant allocations for debt service and pensions. Prime Minister Shehbaz Sharif highlighted economic stability and ongoing discussions with the IMF, while the opposition protested Imran Khan's incarceration during the budget session.
Haryana Chief Minister Nayab Singh Saini has refuted claims by the opposition regarding the cancellation of old-age pensions, calling them baseless and politically motivated. He assured that the government is verifying discrepancies to ensure only eligible beneficiaries receive pensions and highlighted the increase in pension amounts and the number of beneficiaries under the current regime.
The Supreme Court has ruled that women Short Service Commission officers in the Army, Navy, and Air Force, who were unfairly denied Permanent Commission, are entitled to full pensionary benefits.
With momentum building around the IPO, the NSE saw a surge in retail investors in the last two years, making it one of the widely traded stocks in the unlisted market.
If you have ever said 'I'll sort retirement later,' now is when 'later' begins.
Eighteen of India's 28 states exceeded the fiscal deficit ceiling of 3 per cent of GSDP in FY25, a deterioration comparable to the Covid year of 2020-21, according to the Comptroller and Auditor General (CAG). The report also noted a decline in states reporting a revenue surplus, with Bihar, Mizoram, and Telangana moving into deficit.
A new white paper released by the Tamilaga Vettri Kazhagam (TVK) government reveals that Tamil Nadu's direct debt has nearly doubled to an alarming 10 trillion in the past five years, exposing significant fiscal strain and a substantial debt burden on every citizen.
The Pension Fund Regulatory and Development Authority (PFRDA) has launched a new Retirement Income Scheme (RIS) and drawdown options under the National Pension System (NPS), offering greater flexibility for managing pension savings post-retirement. Additionally, PFRDA has eased annuity surrender rules, allowing exits in cases of critical illness or for older contracts with explicit surrender clauses.
BJP leaders Rajeev Chandrasekhar and B B Gopakumar have accused both the UDF and LDF governments of pushing Kerala into an economic crisis. They criticised the lack of solutions from the ruling fronts, highlighted the state's high public debt, and questioned the allocation of revenue for development versus salaries and pensions.
Haryana Chief Minister Nayab Singh Saini addressed a public grievance redressal programme in Morni, Panchkula, ordering an FIR against a contractor for electricity delays and directing probes into other infrastructure issues. He emphasized timely resolution of public complaints related to electricity, water, roads, healthcare, and pensions, while also committing to improved road connectivity and upgrading health facilities in the region.
Haryana Chief Minister Nayab Singh Saini addressed a public grievance redressal programme in Morni, Panchkula, ordering an FIR against a contractor for electricity delays and directing probes into other infrastructure issues. He emphasized timely resolution of public complaints related to electricity, water, roads, healthcare, and pensions, while also committing to improved road connectivity and upgrading health facilities in the region.
The National Stock Exchange (NSE) is expected to file its preliminary IPO papers with Sebi next week, marking a significant step forward for the long-awaited public offering which has been delayed for nearly a decade due to regulatory issues.
Haryana is revamping its 2015 Sports Policy to focus on long-term talent development for future Olympians, moving beyond just prize money and jobs. Key initiatives include 'Mission Olympics-2036 Vijayee Bhavah' for young athletes and the 'Khelo Haryana App' for integrated athlete services. The state aims to strengthen athlete welfare, infrastructure, and institutional support.
The Union Cabinet applauded Prime Minister Narendra Modi for becoming India's longest continuously serving elected Prime Minister, surpassing Jawaharlal Nehru's record. Modi first took office in 2014, was re-elected in 2019, and began his third consecutive term in June 2024.
Major Jojy Joseph led from the front. Laid down his life. In the service of the nation.
A 54-year-old man in northeast Delhi allegedly poisoned his 13-year-old son before dying by suicide, reportedly due to severe financial problems and ongoing separation proceedings with his wife. Police are investigating the tragic incident.
Wimbledon has announced a record 64.2 million prize money pot for this year's championships, a 20% increase from last year, marking the biggest annual rise in its history. This significant boost comes amidst growing demands from players for a larger share of Grand Slam revenues, with increases across all rounds and a substantial rise for singles champions and first-round losers.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries
Delhi University has directed St Stephen's College to halt the absorption of former principal John Varghese into the English department, citing violations of UGC regulations and procedural errors.
RIS Steady Life Cycle begins with an equity allocation of 35 per cent at age 60, which gradually reduces. Between ages 75 and 85, it remains constant at 10 per cent.
In April alone, they snapped up shares worth Rs 19,664 crore, recording their biggest buy since October 2024.
Of course, NOT! Here's why. And here's how you can increase your Rs 1 crore retirement corpus.
Kerala Chief Minister V D Satheesan on Thursday hit out at the previous Left Democratic Front government, claiming that it had left behind huge liabilities, including Kerala Infrastructure Investment Fund Board borrowings, amounting to Rs 5.07 lakh crore.
Haryana Chief Minister Nayab Singh Saini released over 2,115 crore directly into the bank accounts of beneficiaries under various welfare schemes, benefiting over 58 lakh eligible individuals.
Two elderly women were found dead in their New Rajinder Nagar residence in Delhi. Police suspect age-related ailments as the cause of death, with no signs of forced entry.
Haryana Chief Minister Nayab Singh Saini affirmed the government's commitment to fulfilling its promises to the Dhanak community by 2029, highlighting welfare measures and initiatives already undertaken.
The Union government has informed the Bombay High Court that Agniveers are not "similarly situated" as regular soldiers and hence, cannot claim parity in pensionary benefits for their next of kin in the event of death in action.
"Taxpayers with income from shares, mutual funds, crypto, ESOPs, or derivatives often incorrectly use ITR-1 instead of ITR-2 or ITR-3."
Since this is a long-term investment, investors must do their homework and choose a fund manager carefully.
Kerala, Tamil Nadu and West Bengal have been fiscally stressed for a considerable period of time, and there are no easy ways to mobilise revenues to meet the cost of the promised freebies, particularly in the prevailing difficult economic scenario, points out M Govinda Rao.
A panchayat secretary in Madhya Pradesh's Chhatarpur district has been suspended for allegedly issuing death certificates in the names of three living persons, prompting an investigation into the matter.
A simmering dispute between players and the Grand Slams over revenue sharing intensified at the French Open on Friday, with Novak Djokovic warning the sport risked further fragmentation as leading players pressed for a greater voice in shaping its future.
BJP MLA Dhirendra Singh has urged the Uttar Pradesh government to formulate a comprehensive policy covering education, healthcare, housing and social security for labourers.
