Unified Pension Scheme: The Finance Ministry has notified the Unified Pension Scheme (UPS), which guarantees retirement benefits for central government employees covered under the National Pension System (NPS). The UPS will be implemented from April 1, 2025. The newly announced scheme includes significant provisions for central government employees who have long been demanding the restoration
Ahead of the Union Budget, the Ministry of Finance has notified the Unified Pension Scheme (UPS) “as an option” under the National Pension System (NPS) for central government employees. Effective from April 1, 2025, this scheme aims to provide assured payouts, a structured retirement benefit and added flexibility for employees. Here’s a breakdown of the
Budget 2025 Expectations: In Budget 2020, the Modi government announced the introduction of the New Tax Regime, offering taxpayers the option to benefit from lower tax rates under simplified tax slabs, but without deductions and exemptions. Since its launch, there has been ongoing debate and speculation about whether the government should completely scrap the Old
Delhi-NCR’s realty market is witnessing an upward trajectory, with the emergence of new micro-markets and massive infrastructure development. From luxury housing projects and modern office spaces to thriving retail hubs, Delhi-NCR has evolved into a dynamic ecosystem catering to the diverse needs of homebuyers, investors, and businesses. Besides, the sector has registered record-breaking numbers across
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
By Neeraj Agarwala I plan to sell some family gold as prices are high now. It was purchased by my grandfather and there are no bills. Do I have to pay any tax on the sale amount? —D R Rao The sale of gold jewellery is subject to tax under the head ‘capital gains’. Since
Avenue Supermarts, best known for its DMart chain of stores, is accelerating store additions as competition intensifies within grocery retail. The value retailer added as many as 28 stores in the March quarter (Q4) of FY25, its latest business update said, the highest in four years. The latest addition will also see the value retailer
AWL Agri Business, formerly Adani Wilmar, recorded a 7% year-on-year volume growth in the fourth quarter (Q4) of fiscal 2025, it said in a business update on Friday. The company saw a 36% year-on-year revenue growth, with stronger performance in rural towns compared to urban markets. This growth, particularly in the foods category, was driven
It started as a hole-in-the-wall outlet selling namkeen and mithai in Bikaner, Rajasthan, way back in 1937. Today, Haldiram’s is the undisputed bhujia king that marquee global investors are rushing to grab a bite of. It is tough to put a single face behind its grand success story, though. “Every member of the family is
Stock markets worldwide are careening even lower Friday after China matched President Donald Trump’s big raise in tariffs in an escalating trade war. Not even a better-than-expected report on the U.S. job market, which is usually the economic highlight of each month, was enough to stop the slide. The S&P 500 was down 4.8% in
