With the new pension system attracting lukewarm response from citizens, interim regulator PFRDA today expressed hope that the Budget would provide tax exemption to individuals at the time of entry to encourage them to opt for the scheme.
Addressing a gathering of priests and devotees, he said the redevelopment of centres of faith in India shows the country's growing pride in its ancient saints and philosophers like Adi Guru Shankaracharya and Swami Vivekananda.
Free provision of food, cash transfers, and jobs in villages see enhanced flow of funds despite a precipitous fall in revenue. Till May, defence spend was nearly 30 per cent less than the previous year.
How do you decide which retirement plan is the best one for you? Here are the top six parameters to keep in mind when finalising one for your golden years.
Venkaiah Naidu said Aadhaar will not be made mandatory till the entire population gets such cards or UID numbers.
The social activist said the OROP issue was agreed upon by the government in 2014 but was not implemented.
RBI Governor Shaktikanta Das on Thursday said financial inclusion will continue to be a "policy priority" for the central bank to make the post-pandemic recovery more equitable and sustainable. The Reserve Bank of India will very soon be coming out with the first financial inclusion index, which will assess progress in terms of access, usage and quality, Das said, while speaking at the Economic Times Financial Inclusion Summit. It is the responsibility of all stakeholders to ensure that the financial ecosystem (including the digital medium) is inclusive and capable of effectively addressing risks like mis-selling, cybersecurity, data privacy and promoting trust in the financial system through appropriate financial education and awareness, he added.
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 BJP calling the Congress a "torn old party" moving towards a stage where its relevance and necessity will be completely lost.
From providing food and succour to pavement dwellers to helping the elderY in times of need, Dinesh Saravanan has been a godsend to the needy.
The setting up of the Commission, whose recommendations will benefit about 50 lakh (5 million) central government employees, including those in defence and railways, and about 30 lakh (3 million) pensioners, comes ahead of the Assembly elections in 5 states in November and the general elections next year.
She said that despite government scheme and initiatives ranging from roads to agriculture, housing, scholarships to electricity benefiting lives of people, a false narrative was being created by the opposition that the government was working for cronies.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
There will be tripartite pact with member, bank/housing agency and EPFO.
While the army and air force allow permanent commission for women, the Navy has limited women officers only to short service commission of 14 years.
The "bumper" 40 per cent increase followed a number of sweeping reforms intended to transform the "bloated People's Liberation Army, into a more modern, nimble fighting force".
Between the new schemes and existing pension funds from mutual fund houses, the latter seems like a better option for conservative investors
To snatch a state government out of Congress hands is therefore a high-stakes game with national political implications, for it denies the party the essential fuel to run effective election campaigns, notes T N Ninan.
Defence Minister Manohar Parrikar on Tuesday said the behaviour of war veterans protesting the notification on OROP scheme is "unlike that of a soldier".
The military will now demand further pay and promotion parity with civilians
While law-abiding customers are harassed for KYC and have to comply with endless paperwork even to open and close accounts, DHFL could easily open nearly 260,000 fake home-loan accounts, reveals Debashis Basu.
West Bengal and Maharashtra, despite having fewer public sector employees, are likely to face a higher burden of salaries and pensions.
The UPA chairperson added that the Centre may "achieve its aims" through majority, but in the process, it would be disempowering each and every citizen of our country.
WhatsApp on Wednesday said it expects to facilitate the purchase of "affordable sachet-sized" health insurance through its platform by the end of the year as part of its efforts to provide users in India with greater access to financial solutions. The Facebook-owned company noted that its 'Payments' feature is now available to users across the country (currently up to 20 million users) with support from banking partners - State Bank of India, HDFC, ICICI and Axis Bank.
'Both the BJP and SP have workers and cadres across the state, and now it will boil down to which party manages booths smartly and gets its voters to come out.'
'If approved it will be a voluntary engagement and there will be no dilution in selection criteria'
The recommendations will benefit 47 lakh central government employees and 52 lakh pensioners.
'Whatever I did, I did for the farmers and whatever I am doing, I am doing for the country'
'Should the most important part of economic reform not comprise the way we look at the fiscal deficit?', asks T C A Srinivasa Raghavan.
In an online chat with readers a few hours after the Union Budget 2015-16 proposals were announced by Finance Minister Arun Jaitley, Sundeep Agarwal, Director, PwC India, answered related queries to help put the announcements into perspective.
Around 22,400 employees have retired from service in Kerala in one go after the LDF government's decision to make March 31 the common retirement date, throwing up the challenges of fresh postings and payment of retirement benefits.
There seems to be no dearth of funds to fuel this growth, report Peerzada Abrar and Shivani Shinde.
Motorola would permanently freeze its US pension plans from March 1, 2009, preserving vested benefits accrued by employees and retirees but eliminating future benefit accruals. ."Employees would not receive a salary increase in 2009," the company said.
The increase is in accordance with the accepted formula, which is based on the recommendations of the 6th Central Pay Commission, it said.
The government will notify categories of employees who will be excluded from the controversial tax proposal on provident fund withdrawals.
Experts, however, said that it is a very nominal benefit to the salaried class.
Agitating ex-servicemen on Monday continued with their relay hunger strike over the 'One Rank One Pension' issue at Jantar Mantar in New Delhi as they prepared for a mega rally this weekend to press for removal of "anomalies" in the OROP announced by the government.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
With UPA facing allegations of corruption, Prime Minister Manmohan Singh on Saturday said his government wants to use new technology to curb dishonesty and bring transparency in governance.
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