The central government has clarified its stance on the possibility of introducing a flexible retirement age for its employees. This clarification came in response to a written query raised by Member of Parliament Tejveer Singh in the Rajya Sabha. Singh sought information on whether the government is planning an early retirement scheme for central government
The Employees’ Provident Fund Organisation (EPFO) has yet again extended the deadline for employers to process and upload wage details of applicant members under the higher EPS Pension Scheme by January 31, 2025. In spite of so many extensions, it has been observed that more than 3.1 lakh applications for validation of options or joint
The GST regime has simplified taxation, brought stability and has been a success, enabling record collections ahead of targets, but there have been constant demands for rationalization of the GST rate structure. The present structure has multiple tax slabs, making compliance and administration complex. Hence, industry experts are demanding lowering of tax slabs. According to
Reiterating its commitment to maintaining the highest standards of corporate governance and transparency in the backdrop of the proposed regulatory review of its financial statements that was disclosed to the stock exchanges on December 17, 2024, Amar Sarin, MD & CEO, TARC Ltd, said, “At TARC, we see every challenge as an opportunity to reaffirm
After taking a loan, the borrower must repay it to the lender within the agreed repayment period. Should the borrower default, the lender is entitled to initiate legal proceedings to recover the unpaid balance. However, the situation becomes more complex if the borrower passes away during the loan term. The question arises: Who is responsible
Question: I am a trader dealing in steel products, and due to business-related challenges, I was unable to file my return of income for the Assessment Year 2024-25 before 31st July 2024. Please note that there is no tax audit applicability in my case. Is there a provision to file the return subsequently? Additionally, kindly
The Ministry of Health and Family Welfare (MoHFW), Government of India, was asked by a Member of Parliament whether the government has any proposal to increase the monthly medical allowance for pensioners not availing CGHS facilities, and if so, to provide the details. T R Baalu asked whether the government plans to increase the monthly
By Tina Edwin The Employees’ Provident Fund Organisation (EPFO) has seen a dip in new enrolments and thereby, total contributions, in recent months. Tina Edwin looks at the reasons behind this and whether changes in tax norms and better response to the National Pension System have played a role in the drop EPFO enrolment trends
Managing personal finances has become more essential and increasingly complex in the modern digital age. The convenience of online shopping, digital payments, and mobile banking has made transactions effortless, yet it has also led to unintentional overspending, with the cumulative effect of frequent, seemingly small purchases often slipping under the radar. This is where a
The Reserve Bank of India (RBI) has recently reduced the repo rate by 25 basis points to 6.25%, with expectations of further cuts in upcoming monetary policy meetings, potentially leading to cheaper loans. A repo rate cut generally lowers borrowing costs, making loans more affordable. However, borrowers often do not see an immediate reduction in
With the looming uncertainty due to rising trade tensions and economic uncertainties on the back of Trump tariffs, brokerage firms are trimming their earnings estimates for the IT services players. In line with this, InCred Equities has trimmed its earnings estimates for Tata Consultancy Services (TCS) to ‘account for tariff-led uncertainty’. The brokerage firm had
The markets are taking a breather but that doesn’t mean you cannot look for value buys at the moment. The brokerage firm, Motilal Oswal has reiterated a ‘Buy’ rating on three key stocks, citing strong growth potential and strategic expansions. The brokerage firm believes these stocks are well positioned to benefit from industry tailwinds and
The Bombay High Court on Tuesday stayed for four weeks a special court’s order directing FIR against ex-Sebi chairperson Madhabi Puri Buch and five other officials for alleged stock market fraud and regulatory violations, noting the order was passed mechanically. A single bench of Justice Shivkumar Dige said the special court order of March 1
