Will senior citizens get some relief in income tax in the Union Budget next year? As the Budget 2025-26 approaches, questions about potential tax relief measures for senior citizens are in focus. Recently, a parliamentarian raised a query in the Lok Sabha about potential relief in tax for senior citizens going ahead. Eatala Rajender, a
7th Pay Commission DA Hike for Pensioners: The Ministry of Personnel, Public Grievances & Pensions has released an office memorandum outlining the details of dearness relief arrears, the categories of pensioners covered, and other important information. Effective from July 1, 2024, the dearness relief rate was increased from 50% to 53% of the basic pension
Groww Mutual Fund has introduced the Groww Multicap Fund, an open-ended equity scheme, aiming to capture growth across large-cap, mid-cap, and small-cap stocks. The fund’s New Fund Offer (NFO) opened for subscription on November 26 and will close on December 10, 2024. “As the nation advances to become the world’s third-largest economy by 2027, a
Maharashtra Chief Minister Meri Ladli Behna Yojana turned out to be a game changer for the Mahayuti in the state assembly polls. In the recently concluded Maharashtra elections, the alliance of Shiv Sena (Eknath Shinde), BJP and Ajit Pawar’s NCP, ‘Mahayuti’ got a huge majority. The Ladli Behna Yojana is being credited as the main
Are married daughters of deceased or medically retired government servants eligible for appointments in government jobs on compassionate grounds? There is a big clarification from the government on the matter. In a recent development, the government has confirmed that married daughters are eligible for appointment on compassionate grounds, as long as they meet certain conditions.
PM Kisan Yojana: An important update has come for farmers associated with the Prime Minister Kisan Samman Nidhi Yojana (PM Kisan Yojana). From now on, not every farmer will receive the Samman Nidhi installment. To ensure that your 19th installment is not delayed or withheld, you must complete the necessary formalities immediately. Even a small
The urban landscape of the Global South, particularly in countries like India, Bangladesh, and other South Asian nations, faces an array of challenges as cities undergo rapid urbanization. In India, major cities grapple with socio-economic inequality, inadequate infrastructure, and climate vulnerability, highlighting an urgent need to rethink urban development strategies that prioritize resilience and inclusivity.
Aadhaar Update Deadline Extended: The Unique Identification Authority of India (UIDAI) has asked Aadhaar card holders who had got their 12-digit biometric number issued 10 years back and have never updated after that in these years to get their documents updated by December 14, 2024. Residents can update their Aadhaar by uploading supportive documents (proof
Fireside Ventures, which has backed brands like Mamaearth, BoAt, Slurrp Farm, cult.fit, Pilgrim and The Sleep Company, believes the middle class isn’t shrinking but evolving into multiple consumer personas. Dipanjan Basu, co-founder and partner at Fireside Ventures, tells Anees Hussain that this transformation presents an opportunity for new brands that established players struggle to address.
By Anand James We started last week pointing at the seasonality advantage that March holds, in a frantic search for a glimmer of hope amidst the sell on rallies mode that had persisted until then. One of the silver linings was that since 2016, when the Nifty Midcap150 and Smallcap250 indices experienced two consecutive months
Chennai-based Aptus Value Housing Finance plans to grow its assets under management (AUM) by 30% annually over the next three years, a senior company official said. Talking to FE, P Balaji, MD, Aptus Value Housing Finance, said: “Our goal is to reach `25,000 crore in AUM by FY28, which requires us to grow 30% annually over the
India’s rapidly growing art mart, conservatively pegged at around Rs 4,000 crore annually, is attracting marquee legal firms, making it the latest sought-after vertical on India’s legal canvas. Law firms including Cyril Amarchand Mangaldas (CAM), Khaitan & Co, DSK Legal, Dentons Link Legal, Anand and Anand are already providing niche art law services while others
By V K Sharma The Nifty ended the week up 426 points, or 1.93%, at 22,552, marking its first weekly gain after three consecutive losses and the highest percentage gain since the week of December 6. The NSE SmallCap Index surged 5.47%, while the Nifty MicroCap Index jumped 6.71%. Two key highlights of last week’s
