In a potential setback to crores of central government employees and pensioners, the Centre might not set up the 8th Pay Commission at all and possibly end the pay panel system entirely, according to a source. The Modi government implemented the 7th Pay Commission’s recommendations starting in January 2016, and the panel’s term is expected
Budget 2025: Finance Minister Nirmala Sitharaman is expected to present the second full-fledged budget of the Modi 3.0 government on February 1. Among various sectors and groups, taxpayers have also sought some relief from the government, considering that they have not seen any major changes as far as tax structures and slabs are concerned. Among
New Delhi, a city long defined by sprawling independent floors and bungalows, is undergoing a dramatic transformation. The capital’s skyline is being reshaped by luxury high-rise condominiums, reflecting a paradigm shift in urban living and real estate trends. This vertical revolution, spurred by a post-COVID surge in demand, has seen the city embrace integrated housing
Public Provident Fund (PPF) is a popular savings scheme offered by the Indian government through post offices and banks. PPF has always been trusted by risk-averse investors seeking long-term wealth accumulation. With its tax-free returns, government backing, and compounding benefits, PPF stands out among several other small savings schemes offered by the government. In this
Best SIP Return: A plethora of small-cap funds have given stellar returns in the near to mid-term, but there are fewer funds in this space that have performed equally well in the long term. In this write-up, we will look at the journey of one such fund – Quant Small Cap Fund, over the last
With the rupee sliding to a lifetime low against the dollar, students studying overseas, especially in universities in the US, individuals planning to travel abroad, or those planning to buy imported items will be affected. However, non-resident Indians repatriating money home will gain from the depreciating currency. Foreign education The cost of tuition, living expenses
The Employees’ Provident Fund Organisation (EPFO) has extended the deadline to January 15, 2025, for activating the Universal Account Number (UAN) and linking it with a bank account and Aadhaar to avail of benefits under the EPFO’s Employment Linked Incentive (ELI) Scheme. Originally, the last date was set for November 30, 2024, but it was
Bank of Baroda has launched a unique alternative to the traditional fixed deposit (FD) — bob Liquid Fixed Deposits. The fixed deposit plans will cater to customers seeking innovative deposit solutions that blend assured & competitive returns, liquidity and flexibility. Bank of Baroda’s latest offering combines the benefits of earning higher returns from fixed deposits
The Securities & Exchange Board of India (SEBI) has allowed mutual funds to launch a Specialised Investment Fund (SIF) under which they are permitted to launch long-short funds across categories for wealthier investors effective April 1. These have only been allowed to mutual funds who have been operating for a minimum of three years and
Coal India on Thursday announced that a uniform levy of Rs 300 per tonne will be imposed across all mines of its wholly owned subsidiary, Northern Coalfields Ltd (NCL), effective from May 1, 2025. In a regulatory filing, the company said that the CIL board has approved the “Singrauli Punarasthapan Charge of Rs 300 per
Larsen & Toubro (L&T) is gearing up to diversify its product portfolio by leveraging technologies developed for defence to tap into broader industrial applications. Arun Ramchandani, senior vice president and head, L&T Precision Engineering and Systems, said new product lines are being explored. “We are really looking at product lines which could enhance or liberate
Blinkit, the quick commerce arm of Zomato, has now started delivering other Apple products like MacBook Air, iPad AirPods, Apple Watch and other accessories in 11 major cities. It has been delivering iPhones since 2022 when it hosted iPhone 14 and iPhone 14 Pro. In 2023, it tied up with Apple premium reseller Unicorn to
The Central Board of Direct Taxes (CBDT) has issued a new circular, which states the new rules for tax deduction from salary under section 192 of the Income Tax Act, 1961. It also includes the changes made in the Finance Act 2024 and 2023. “The Form No. 16 has been amended vide the Income-tax (Fifth