The government is also contemplating amendments to other two pension schemes to make widows eligible for it at 18 years instead of present age cap of 40, and disabled with 40 per cent disability qualify for it instead of 80 per cent.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
According to official statistics, half of India's GDP comes from as many as 420 million workers in the unorganised sector including street vendors, rickshaw pullers, construction workers, rag pickers, agricultural workers, among others. This massive workforce remains outside the purview of the formal banking and insurance industries.
The differently-abled deserve a normal life. Nothing will stop Poonam Natarajan from ensuring that India, slowly but surely, gives it to them, discovers Shobha Warrier.
The Congress vice president wrote to Prime Minister Narendra Modi saying he was saddened at the decisions of the government taken in the last few weeks
From how to open an NPS Vatsalya account to knowing how this scheme compares to investing in mutual fund or in provident fund, Ramalingam Kalirajan offers a 360-degree view and the pros and cons of investing in a scheme that has the potential to secure your child's financial well-being.
The proposal aimed to provide pension for life to widows and persons with severe and multiple disabilities belonging to families below the poverty line, irrespective of age. Expenditure Secretary Sushma Nath argued that if there was no age cap, it would become "open ended" and "send the wrong message" to society. The Cabinet conceded Nath had a point and adopted the revised plan, which includes an age limit.
Shah, while releasing the saffron party's manifesto 'Sankalp Patra' for the upcoming assembly elections in Jharkhand, announced that a Displacement Commission would be formed to ensure rehabilitation of people displaced by industries and mines in the state.
Ramalingam Kalirajan dives into the specifics of NPS withdrawal rules to help you understand the conditions under which and when partial withdrawals are allowed.
Postings to places at an altitude above 1,000 metres but less than 1,500 metres, between 1,500 and 3,000 metres, and above 3,000 metres entail different rates of allowances -- the higher the location, the bigger the allowance, reveals Tamal Bandyopadhyay.
It was supposed to be a panacea against corruption, leakage and a magic wand for financial inclusion. But everywhere you look are people who enrolled, only to fall through the cracks again.
A "shocking" fraud involving 106 people, including former New York city cops and firefighters, who allegedly used the 9/11 terror attack disability benefits worth hundreds of millions of dollars to fund their lavish lifestyles, has been cracked by authorities in New York.
'We cannot leave our entire unorganised sector to the vagaries of market forces.'
'The next war will be fought by China-Pakistan against India and we have to fully be prepared. We must read the writing on the wall.'
On the eve of Army Day, Army Chief General Bikram Singh says he will raise this issue with the Rajya Raksha Mantri, Jitendra Singh, who oversees the Department of Ex-Servicemen Welfare, reports Ajai Shukla.
He also announced that 50 per cent of the DTC buses will be operational from Tuesday to ensure that those involved in essential services do not face problems. He said that there were 30 cases in Delhi till date, out of which 23 were reported from people who came from the affected countries and seven were infected through the local transmission.
Whilst politicians promise to uphold the honour and interests of our soldiers, the very opposite is being done, says Karan Thapar.
The state's joblessness is three times higher than the national average of 7.8 per cent.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
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Former Defence Minister A K Antony tells Amit Agnihotri that Defence Minister Manohar Parrikar's statement is an insult not only to the Indian Army but also the previous National Democratic Alliance government led by Atal Bihari Vajpayee
In his second term in office, UP Chief Minister Yogi Adityanath has retained 34 portfolios.
'The non-implementation of the Seventh Pay Commission, almost a year after it was implemented for civilians, is gradually beginning to hurt morale in the armed forces,' says Brigadier Gurmeet Kanwal (retd).
If you have seen Zwigato, Param Kumar's story will sound familiar. Laid off from his job as a repairman at a Gurugram-based water purifier provider, he now delivers groceries and food for a mobile-based delivery app, in Delhi. Kumar, who started making deliveries last August, told Business Standard that he is working longer hours than his older salaried job as an RO repairman, and has no paid leaves or health insurance. Kumar is part of India's estimated 7.7 million-strong force of gig workers.
The Congress vice president asserted that OROP was the right of military personnel and the government "will have to give it".
The bill stipulates up to two-year jail term and a maximum fine of Rs 5 lakh for discriminating against differently-abled persons
Presiding over the meeting of the Congress Working Committee in the absence of party chief Sonia Gandhi, the party vice president charged that, "hiding behind the cloak of national security, civil society is being intimidated for asking questions."
'We should hope and pray that the PM's sentiment is not held ransom by machinations and craftiness of a few junior babus who throw in an imaginary impediment at every welfare measure and snigger and giggle at the sidelines every time a soldier is ill at ease,' says Major Navdeep Singh on the one rank one pension debate.
The RBI 'assured people' that enough cash in small denominations is also available at banks.
Interacting with representatives from NGOs, Congress leader Rahul Gandhi on Monday asked opposition parties to fix a date to help government pass bills on which there is general consensus.
The new regulations will allow the insurers to charge an extra premium from policyholders who wish to buy riders with unit-linked insurance plans.
If BCCI helps them then the blind, deaf and wheelchair cricketers will all get benefited.
The government initiated the process for amendment to the Payment of Gratuity Act, 1972, which applies to establishments employing 10 or more persons.
'Political parties have appropriated our military victories -- the Kargil war is the BJP's and the Bangladesh war is the Congress's -- what is going on?' As Uttarakhand -- where faujis number nearly 40% of the state's population -- prepares to vote, Rediff.com's Archana Masih discovers what upsets retired soldiers in Uttarakhand the most is a forgotten protest in the heart of Delhi.
The NDA government has asked states to enrol all MNREGA workers under the three newly-launched social security schemes.
Basavaraj Bommai on Wednesday took charge as the new Chief Minister of Karnataka, ending months of speculation about the change of guard in the state.
The recommendations will benefit 47 lakh central government employees and 52 lakh pensioners.
The armed forces continue to be upset with the government over a defence ministry circular regarding rank parity vis-a-vis their civilian counterparts at the Service headquarters even though the ministry issued a statement on Thursday, saying no downgradation had been done.
The highest polling of 72.35 per cent was recorded in Sirmour district followed by 68.48 per cent in Solan and 67.67 per cent in Una and 67.5 per cent in Lahaul and Spiti. The high-altitude district of Lahaul and Spiti had recorded 21.95 per cent, the lowest, till 1 pm, but polling was brisk as the sun came out.
Before you file your income tax return this year, have a look at the amendments that might help you take the most possible tax benefit.
