Budget 2025: Last year, the Centre announced the Unified Pension Scheme for central government employees, blending key features of the Old Pension Scheme (OPS) and the National Pension System (NPS). However, the move failed to deter employee unions from continuing their demand for a full restoration of the OPS. The Unified Pension Scheme (UPS) is
The Securities and Exchange Board of India (SEBI) has mandated that mutual funds disclose risk-adjusted returns (RAR), specifically through the Information Ratio (IR), to enhance transparency and assist investors in making informed decisions. While compounded annual growth rate (CAGR) is a widely used measure to show the average growth rate of a fund, it does
By Neeraj Agarwal My wife and I are NRIs living in Dubai. She wants to gift some money to her sister in India. What will be the tax treatment and can it be transferred from her Dubai bank account? —Madhav Nair Your wife can gift money to her sister in India without any tax liability
DA Calculation for Central Government Employees: The Confederation of Central Government Employees and Workers has urged the Centre to consider revising the computation formula for dearness allowance for central staff and pensioners. In a letter addressed to the Union cabinet secretary, S B Yadav, secretary general of the confederation – representing about 7 lakh employees
Systematic Investment Plans (SIPs) have remained a popular wealth-building tool for investors as reflected in the latest AMFI data. SIP inflows crossed the Rs 26,000-crore mark for the first time in December 2024, registering over 50% year-on-year growth. In the world of investing, starting early is the key as it helps in unlocking the power
With Budget 2025 just around the corner, taxpayers eagerly anticipate what’s in store for their financial planning. The previous budget presented in July 2024, the first of the Modi 3.0 regime, introduced some changes under the new tax regime, from revised tax slabs to increased standard deduction. This year again, expectations are high for more
Good news for taxpayers! The Finance Ministry has made some changes to the Direct Tax Vivad Se Vishwas Scheme, 2024, removing “difficulties” that arose due to certain situations for taxpayers. This update in the scheme will bring relief to taxpayers who wanted to apply for the scheme but could not do so earlier. “CBDT…makes the
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has come out with specific guidelines, cautioning homebuyers to verify the project’s registration status on the state realty sector regulator’s website and also do complete due diligence before buying a property. To help property buyers invest in safe projects, the regulator has suggested they check if the developer
The real estate potential of South Delhi, one of India’s poshest regions, is worth Rs 5.65 lakh crore across 42 MCD-regulated colonies with plots (occupied and vacant) in Category A & B colonies accounting for over Rs 5.35 lakh crore, according to a report by Golden Growth Fund (GGF), a category-II real estate-focused Alternative Investment
In the coming years, India’s fiscal strategy must focus on enhancing tax buoyancy, prudent expenditure management, and structural reforms to ensure sustainable growth, said EY in a report. According to DK Srivastava, chief policy advisor, EY India, for India to achieve a medium-term growth trajectory of 6.5-7.0% and realize its ‘Viksit Bharat’ vision, it must
Bharti Airtel on Wednesday confirmed that it is in talks with the Tata Group over a potential merger of Tata Play with Bharti Telemedia. In an exchange filing, Airtel said, “We wish to submit that we are in talks to explore a potential transaction to achieve a combination of Tata Group’s direct-to-home (DTH) business, housed
Elon Musk’s Tesla entering India markets has been one of the most talked about topic in the automotive industry. Recently there have been some reports of PM Modi keen about him setting up plant in India. However, so far in the absence of any such concrete plans, most analysts believe that Tesla’s India foray is
In a major relief for crores of EPFO members, the government is planning to make Employees’ Provident Fund (EPF) withdrawal easier. Soon, the EPFO subscribers will be able to withdraw their PF money directly via UPI. The Employees’ Provident Fund Organisation (EPFO) has reportedly prepared the entire blueprint of this scheme and talks are going
