The scheme is available for citizens above 60 years of age; however a provision has been put in place for individuals who have crossed 55 years of age. Such individuals may invest subject to the conditions that,
The prime minister took no names but made an apparent reference to reports about "rate card" for different government jobs in the Trinamool Congress-ruled West Bengal and prevalence of "cut money" in the state.
Buoyancy in the real estate sector along with improved construction activities created jobs and facilitated the return of migrant workers to cities, the Economic Survey for 2022-23 tabled in Parliament on Tuesday said. This assumes significance in view of loss of jobs due to lockdown restrictions imposed in various parts of the country from time to time amid different waves of pandemic since March 2020. The survey points towards sustained recovery in the economic activities during 2022-23 fiscal year.
The new credit-linked subsidy programme, called Prime Minister's Employment Generation Programme, was approved at a meeting of the Cabinet Committee on Economic Affairs chaired by Prime Minister Manmohan Singh. The financial implication of the new scheme, to be implemented over a four-year period, is estimated at Rs 4,485 crore (Rs 44.85 billion), Finance Minister P Chidambaram told reporters.
The chief minister pointed out that out of that figure, Rs 1,815 crore (Rs 18.15 billion) was a liability and not received from the Government of India.
The government is considering a proposal to extend Employees Provident Fund Scheme to all companies with over 10 employees, the Parliament was informed.
Refraining from tinkering with tax and duty rates in the interim Budget, Finance Minister Pranab Mukherjee on Monday made a huge allocation of Rs 30,100 crore (Rs 301 billion) to government's flagship rural employment programme and many other schemes in a bid to counter the economic recession.
Naveen Patnaik is known as an "absentee landlord" who needs bureaucrats like Pandian to run his government.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.
New Rural Development Minister Jairam Ramesh has, however, taken up the challenge on how to synchronise the employment guarantee programme with the ground realities.
Describing it as a "game changer", Modi said the scheme was a step towards serving the poor people of the country and it would come into effect from Sunday.
'The Child Labour (Prohibition and Regulation) Amendment Bill' makes employment of children below 14 years as cognisable offence for employers and provides for penalty for parents.
She lashed out at the Bharatiya Janata Party, the Samajwadi Party and the Congress, holding them responsible for the lack of jobs and migration from the state.
Kharge also targeted Prime Minister Narendra Modi, saying the people should not believe Modi's "guarantees".
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) will answer your personal finance-related questions.
Besides, Rs 360 crore will be allocated for Chief Ministers' Special Development Programme and Minorities Colony Development Programme in the year, he said.
Airbus Helicopters will partner with the Tata Group to establish a final assembly line for helicopters in the country, a development that will help in boosting indigenous manufacturing activities. This will be the second final assembly line that will be built by Airbus in India after the 'Make in India' C295 military aircraft manufacturing facility in Gujarat. The Final Assembly Line (FAL) will produce Airbus H125 helicopters from its civil range for India and for exporting to some of the neighbouring countries, Airbus Helicopter said in a statement.
A 23-year-old man from Surat working as a 'helper' for the Russian Army was killed in a Ukrainian missile strike in a war zone, as per the claim made by his relatives.
As the world celebrated International Day of Persons with Disabilities (PwD) on December 3, corporate India has kept up with efforts to make workplaces more inclusive and accessible. Organisations across sectors are taking initiatives such as equipping offices with practical work tools like Braille-friendly and voice-enabled lifts and screen readers. While inclusion has gained pace, only 11.3 per cent (or 3.4 million out of 30 million) Indians with disabilities have jobs.
Announcing a Re 1 crop insurance scheme for farmers, the deputy CM said the government will bear the financial burden of Rs 3,312 crore.
rediffGURUS Hardik Parikh, Tejas Chokshi, Mihir Tanna and Sanjeev Govila answer your tax related queries.
The outlay for the flagship programmes, which -- in addition to the Bharat Nirman scheme -- include the National Rural Employment Guarantee Scheme, Sarva Shiksha Abhiyan and others, is proposed to be raised to Rs 1,23,000 crore (Rs 1,230 billion) during 2009-10 from Rs 90,000 crore last year, representing an increase of about 37 per cent.
55 million people already in the social security net
It's high time we now turn the popular question on its head -- when there is no growth in jobs for several years, how can the real GDP grow at 7 per cent per annum, says Mahesh Vyas.
Government managers are asking for a 60 per cent rise in allocation for the scheme in the next financial year. Rs 20,854 crore (Rs 208.54 billion) had been spent on the scheme until December 2010. Rs 64,000 crore (Rs 640 billion) has been sought for the coming financial year.
Pursuant to Prime Minister Atal Bihari Vajpayee's announcement in January, a insurance scheme for Non-Resident Indians -- 'Pravasi Bharatiya Bima Yojana' -- will be launched on December 25 this year.
'Investors should focus on largecap funds, flexicap funds, business cycle funds, or hybrid-category funds.'
Agnipath offers jobs to youngsters between 17.5 years and 23 years of age. The unemployment rate in this age group has risen from around 23% in 2017 to over 50% since 2020. Every second person who is looking for employment in this age group is unemployed, explains Mahesh Vyas.
The National Rural Employment Guarantee Scheme (NREGS) was launched by the previous United Progressive Alliance (UPA) government in the first flush of its commitment to the 'Aam Aadmi' agenda.
The push given to rooftop solar installation in the Interim Budget ties in with its high rate of adoption in Tier-II and -III cities of India. If original equipment manufacturers (OEMs) in the automobile industry, government, and the solar sector are to be believed, in cities of Rajasthan, Gujarat, and Kerala, 45-50 per cent of electric-vehicle (EV) users are employing rooftop power to charge their vehicles. This is compared to the national average of 25 per cent, say industry sources.
The survey showed that women workers fared worse than men when it came to employment recovery (53 per cent versus 57 per cent) and urban areas have been much worse hit despite a quicker bounce back.
'The Congress is trying to reinvent itself -- the caste census demand, OBC emphasis, the anti-corporate thrust, especially on Adani etc -- all this is not standard Congress strategy.'
Is it is necessary to play divisive politics to succeed in the next general elections? asks Dr Sudhir Bisht.
rediffGURU Kirtan A Shah answers your personal finance queries.
The poll results show that the BJP has increased its base among the SC, ST communities in the state. However, the party's prominent tribal face and Union minister Faggan Singh Kulaste lost the election.
Scheme faces pincer attack with a proposed higher proportion of expenditure on material, reducing the budget available to pay wages and focus on implementing it only in 2,500 blocks.
The NDA government has asked states to enrol all MNREGA workers under the three newly-launched social security schemes.
Sports Minister Sarbananda Sonowal said that his ministry will identify 75,000 boys and girls for the planned National Sports Talent Search Scheme.
The Supreme Court on Monday dismissed two pleas challenging a Delhi high court judgment that upheld the Centre's Agnipath scheme for recruitment into the armed forces.
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