8th Pay Commission: With delays in its announcement, the Confederation of Central Government Employees and Workers has urged Prime Minister Narendra Modi to immediately constitute the 8th Central Pay Commission to address the concerns of central government employees and pensioners. The Confederation of Central Government Employees and Workers, represents about 7 lakhs central government employees
Systematic Investment Plans (SIPs) have increasingly become popular among retail investors as a means to achieve essential financial objectives through regular and disciplined investing. SIPs enable investors to benefit from the principles of rupee cost averaging and the advantages of compounding. Still, a lack of understanding regarding investment products can lead many SIP investors, particularly
The government has issued a clarification on queries regarding a directive for nationalised banks to review employee performance, with implications for premature retirement of those deemed underperforming. In the Lok Sabha, parliamentarians Subbarayan K and Selvaraj V sought clarity on whether such measures were officially mandated and the criteria involved in these evaluations. The lawmakers
The appeal of India’s Tier 2 and Tier 3 cities is significantly influencing the real estate sector, spanning from tranquil areas to thriving urban centers. Factors such as a burgeoning population, swift urbanization, and enhanced infrastructure are drawing not only new residents but also developers keen to explore the vast opportunities these cities present. Economic
Question: I am a salaried employee and have invested in foreign Exchange Traded Funds (ETFs). I understand there have been recent changes to the tax treatment of foreign ETFs. Could you kindly provide clarification on how these changes may impact the taxability of my investments? Response given by CA (Dr.) Suresh Surana: In accordance with
In the era of globalisation, you have access to global markets and the opportunity to invest in international companies. You can invest in global companies either by directly investing in US stocks or through international mutual funds, which invest in foreign companies. Depending on one’s risk appetite, investing directly in US stocks can offer a
ASK Property Fund, KREEVA, and Shapoorji Pallonji Real Estate have jointly declared an investment exceeding Rs 270 crore in a luxury residential project located in Gurugram. This amount represents the initial funding for the collaborative development endeavor. Situated in Sector 46, Gurugram, and encompassing 1.74 acres, this luxury housing initiative aims to transform the urban
The Life Insurance Corporation of India (LIC) has launched Golden Jubilee Scholarship Scheme 2024 for students from economically weaker sections, with an aim to provide them higher education and employment opportunities. Them last date for submission of application is December 22, 2024. Students studying in a government or private university can apply for this LIC
Switzerland has decided to withdraw the Most Favoured Nation (MFN) status granted to India, a move that will have significant tax implications for Indian companies operating in the European nation. This decision comes after an adverse ruling from the Indian Supreme Court regarding a tax dispute involving Nestlé, the Swiss food giant headquartered in Vevey.
BOBCARD Ltd, a wholly owned subsidiary of Bank of Baroda, announces the launch of the TIARA Credit Card — a first-of-its-kind, women-centric credit card designed to support, empower, and celebrate women’s financial autonomy. This newly launched Premium BOBCARD on RuPay network is tailored specifically to cater to modern women’s needs. The TIARA Credit Card seamlessly
Mohali, a vibrant city in Punjab, has transformed from a satellite town of Chandigarh into a dynamic hub of growth and innovation. With its strategic location and burgeoning infrastructure, it has emerged as a prime real estate destination, offering opportunities for investors, businesses, and homebuyers alike. A Market Full of Promise Mohali’s real estate potential
As the year draws to a close, the primary market is gearing up for an action-packed week. Next week, the primary market is set to be in an active mode as 13 initial public offerings (IPOs) are scheduled to open between December 16 and December 20. Apart from this, the week will also witness a
NACDAC Infrastructure is set to hit with its Initial Public Offering (IPO) on December 17 and will conclude on December 19. NACDAC Infrastructure’s BSE SME IPO is entirely a fresh issue of 28.6 lakh shares with an aim to raise Rs 10.01 crore through this offering. Here is a detailed look at what this IPO
