The recommendations will benefit 47 lakh central government employees and 52 lakh pensioners.
Rajiv Chandrashekhar, Rajya Sabha MP, explains that the argument that other government servants are eligible for OROP is incorrect and the comparison is laughable.
BJP national president Amit Shah asserted that the last 15 years rule of the BJP is a model of an ideal state. "Raman Singh government has successfully tried to contain the Naxal and made the state an education hub. This manifesto is for Naya Chhattisgarh.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
The PFRDA Act would give statutory status to the pensions sector regulator, and in addition to other objectives, aims to address apprehensions regarding safety and yield under the National Pension System.
The long-pending One Rank One Pension Scheme for ex-servicemen was tonight brought into force with government issuing a notification which will benefit over 25 lakh veterans and war widows.
Yadav denied any possibility for a post-poll alliance between the BJP and the Rashtriya Lok Dal's Jayant Choudhary.
The AAP does not promise and try to bring about a social revolution by attacking deep-rooted social prejudices.
The opposition will seek to target the government on the issue of farmers' plight as well as their demand for a legal backing for minimum support price.
From the appointment of Lokpal at the Centre and Lokayuktas in states, giving pension to farmers whose age is more than sixty years, his demands are diverse this time.
The centre pays only an insulting Rs 200 per pensioner each month at a tight-fisted 0.04 per cent of GDP, among the lowest in the world. Instead, as illustrated by Jean Drze, one option is for NYAY to provide individual rather than household entitlements to all pensioners of at least Rs 1200 per month.
The regulator is more carefully scrutinising applications by infrastructure investment vehicles that have a limited number of investors. They have been asked to broaden their investor base before application approval, according to two people familiar with the matter. The Securities and Exchange Board of India is concerned about the structure being used for getting around tax requirements, according to one of the sources.
The pre-Budget proposals sent to the finance ministry aim to bring uniformity in tax treatment for investments in different financial sectors, mitigate hardship to retail taxpayers, and encourage participation in mutual funds.
While no specific state-oriented sops were rolled out, a strong thread of political wellness ran through the Budget.
The public agitation launched for the demand of OROP on June 6 completes 100 days.
Plan these investments well rather than just doing random investments at the beginning of the year or rushing in at the end, advises Harshad Chetanwala, co-founder, MyWealthGrowth.
The Kisan Long March-2 is expected to take over nine days to complete
Salary hike is fine but govt must reduce support staff to get its math right.
As per the latest finance ministry data, the total balance in over 36.06 crore Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts was at Rs 1,00,495.94 crore as on July 3.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
West Bengal and Maharashtra, despite having fewer public sector employees, are likely to face a higher burden of salaries and pensions.
'Whatever Modi had promised us on OROP has not been delivered. He lied to us'
After considering the increase proposed in allowances, the hike in remunerations comes to 23.55 per cent.
The Insurance Regulatory and Development Authority had approved a minimum of two products per company filed in accordance with new unit-linked insurance plans norms, Irda Chairman J Hari Narayan said in a press conference here on Wednesday.
The Narendra Modi government on Saturday announced acceptance of the long-pending demand for 'One Rank One Pension' but the ex-servicemen who have been on agitation rejected the key details of the decision and said their 84-day long stir will continue.
Restrict investment to Rs 50,000 for tax benefits, experts tell Sanjay Kumar Singh, but caution that taxation at maturity and compulsory annuities are dampers.
The interim Budget has attempted to tick all the boxes that could help the Modi government return to power, reports Archis Mohan.
Govt working on policy to regularise migrant workers, labour ministry puts out broad contours of the policy for public discussion
Taxpayers are not likely to get as much relief as was proposed in the discussion paper on the Direct Taxes Code last year, with the Finance Ministry saying that the tax slabs may be narrowed down in the bill, slated to be tabled in the monsoon session of Parliament.
The department notified ITR 1-Sahaj and ITR 4-Sugam in January against the usual practice of notifying returns in April, with disclosure requirements related to cash deposits, spending on foreign travel, and electricity. The notification of the returns followed Budget announcements making income-tax return filing mandatory for certain persons even if their income was below the taxable limit.
There shall be two dates for grant of increment - January 1 and July 1 every year - instead of the existing July 1 only.
Farmers with land sizes less than 0.01 hectare have an average annual income of Rs 54732 and annual consumption of Rs 61296, thereby, a debt of Rs 6564 each year. Compare this with the minimum pay for a government employee, says Devanik Saha.
Government said on Thursday it is working on a scheme to provide health insurance to the poor, besides offering life and disability cover to one earning member of each economically weaker family.
Banking system liquidity will experience transient frictional tightness ahead of the payment of arrears
The 40 per cent exemption benefit is applicable only for employees.
Rahul also held a 75-km long road show and a Nukkad Sabha in Haridwar.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Some overseas investors refuse to be part of roadshows, citing environment risks
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