"Smart cards are a step towards financial inclusion. The idea is to inculcate banking habits among the poor," says Anita Ramachandra, director, rural development (self-help groups). The government is paying 2 per cent of the amount disbursed through smart cards to the banks to engage them in the initiative.
The armed forces are quite happy with the attention paid to their concerns, reports R S Chauhan.
Archit Gupta on how can you maximise your savings and reduce your taxable income.
You can still save money, says Samkit Maniar
The draft scheme, seen by PTI, said it will provide an option and a respectable exit route to employees who have reached a level of saturation in their career, may not be at the peak of their performance, have some personal issue or want to pursue their professional or personal life outside the bank.
Showering his praise on the armed forces guarding the nation, Prime Minister Modi earlier on Sunday dedicated this year's Diwali to the jawans.
'The rate of interest from the EPF is still attractive compared to the rates on fixed deposits, National Savings Scheme, Public Provident Fund...'
FM is likely to raise tax slabs.
According to a 2021 Redseer report, India's overseas education market is estimated to more than double to $80 billion by 2024.
'Modi's health scheme has changed the national conversation. For that reason it must be supported.'
Finance Minister Arun Jaitley presented the Union Budget.
Progress on several parameters creates a tipping point situation.
Gross enrolments of new subscribers with ESIC were 1.49 crore during the entire financial year 2018-19, the National Statistical Office (NSO) said in a report.
Prime Minister Narendra Modi on Thursday launched his government's mega scheme ' Pradhan Mantri Jan Dhan Yojana', declaring that it was aimed at eradicating financial untouchability by providing bank accounts to the poor.
The new Chief Economic Advisor Krishnamurthy Subramanian believes that more than unemployment, it is the quality of employment which needs to be focused on. In an interview with Arup Roychoudhury and Indivjal Dhasmana, Subramanian said that controlling inflation was the Modi government's biggest achievement.
Forget about interim Budgets, one cannot easily recall even a full Budget of any government in recent times having rolled out benefits of this order to such a large number of people, says A K Bhattacharya.
The PM asserted that 'we know how to take challenges head-on'.
'Sepoy K Ashuli displayed nerves of steel, exemplary courage, fearlessness under enemy fire, unparalleled devotion to duty and camaraderie of the highest order in keeping with the finest traditions of the Indian Army.'
Gross enrolments of new subscribers with ESIC were 1.49 crore during the entire financial year 2018-19.
The overall message to the middle class is: the days of freebies are over.
India's rural employment guarantee programme MNREGA has been ranked as the world's largest public works programme, providing social security net to almost 15 per cent of the country's population, the World Bank has said.
'Apart from providing you with the ability to withstand escalating medical expenses, a dedicated financial plan for health will also ensure financial independence in old age,' advises Arun Thukral, MD & CEO, Axis Securities.
Ex-servicemen on Tuesday started returning their medals to protest the government notification on implementation of 'one rank-one pension', which they have rejected, and hit back at Defence Minister Manohar Parrikar who termed the agitationists as misguided.
Maintaining that India wants good relations with Pakistan, Union Home Minister Rajnath Singh said resumption of stalled talks with Islamabad was possible if there was an improvement in the situation.
It is best to invest long-term surplus in stocks or equity mutual funds.
Budget-makers in North Block are looking to maintain this fiscal status quo, in spite of tax revenues nowhere close to where the government wants and in spite of possible higher expenditure commitments.
Consumers will thank the Modi government for this simple yet revolutionary move, which is long overdue, says Debashis Basu.
After assuming power in 2014 with a full majority of its own, the BJP-led NDA government started an ambitious process of reforming labour laws in the form of codes aimed at making the framework less cumbersome with a variety of alterations. It had planned four codes each for industrial relations, wages, social security and welfare, and occupational safety, health and working conditions. To this end, 35 central labour laws were to be converted into four codes that would have had the virtue of streamlining labour relations. But none of the proposed code Bills could be converted into a law principally because neither trade unions nor industry representatives came on board. They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why
Congress rivals have put factionalism aside for now. The party is betting on a series of well-received welfare schemes to return to power
Naveen Kukreja explains the finer points to keep in mind while planning for your retirement.
There is an attempt to brush aside the results of all surveys that point to a deteriorating jobs situation. This is counter-productive, says Mahesh Vyas.
Simple takeaways from the Union Budget 2015-16 and how it impacts your life
Fresh investments are constrained by tepid demand.
The Defence Minister said it has been decided to give women permanent commission in the Army, Navy and the Air Force like their male counterparts.
British Prime Minister Boris Johnson led the tributes with UK Chancellor Rishi Sunak at 10 Downing Street for the National Health Service (NHS) and other key workers across care homes and public transport at 11 am local time. So far 82 NHS staff are known to have died after testing positive for the coronavirus, including many with their roots in India.
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.
Announcing the cabinet decision, Union minister Prakash Javadekar also said the President, the Vice President, Governors of states have also voluntarily decided to take a pay cut as a social responsibility.
Raise in NPS entry age gives seniors another retirement-saving option but they should invest at least Rs 50,000 to avail of the additional tax benefit scheme provides, reports Sanjay Kumar Singh
Addressing bureaucrats on Civil Services Day in New Delhi, he asked them to experiment to bring in change besides increasing engagement with the people for greater results.
Gross enrolments of new subscribers with the ESIC were 1.49 crore during 2018-19.
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