For the past sixty years, the Central Government Health Scheme has been delivering extensive medical care to Central Government employees and pensioners who are registered under the CGHS scheme. CGHS effectively addresses the healthcare requirements of eligible beneficiaries across all four pillars of India’s democratic framework: the Legislature, Judiciary, Executive, and Press. It serves as
The Income Tax (I-T) Department has set up a Taxpayers’ Lounge at the India International Trade Fair (IITF) 2024, held at Pragati Maidan, New Delhi, from November 14-27, 2024. The Taxpayers’ Lounge has bee set up to educate and assist the public in understanding tax services and responsibilities, making tax-related processes more accessible and user-friendly.
Gold has always been a preferred investment avenue as it holds cultural and financial significance in India. Recently, gold prices have started to decline, attracting investors’ attention. The fall in prices raises an important question—should you buy now or wait? Gold prices depend on various factors. Global economic trends, interest rates, and currency movements play
The Employees’ State Insurance Corporation (ESIC) has reported a significant increase in new enrolments for the month of September 2024, with 20.58 lakh new workers joining the ESI Scheme. This marks a 9% year-on-year growth, highlighting the scheme’s expanding reach and social security coverage for workers across India. In September 2024, the total number of
Old Pension Scheme: Thousands of employees from the Centre, states and Union Territories (UTs) gathered at Jantar Mantar in the national capital for a massive rally on November 17, demanding the restoration of the Old Pension Scheme (OPS) and the abolition of the National Pension System (NPS). There are around 60 lakh government employees covered
In its pre-Budget memorandum submitted to the Finance Ministry, ASSOCHAM has advocated for the rationalization of TDS rates, proposing a uniform rate of either 1% or 2% for all payments made to resident assessees. This initiative aims to mitigate litigation arising from interpretational discrepancies and to facilitate smoother tax compliance. The presentation also recommended the
There are two ways you can invest in a mutual fund scheme – lump sum or SIP. Lump sum investing can be more helpful when you basically want to tap market opportunities during downtrends. SIPs on the other hand need a disciplined approach. As SIP investment balances out market timing risks, it is an ideal
As U.S. foreign investment and immigration policies face potential tightening, particularly under a possible Trump administration, Non-Resident Indians (NRIs) are reconsidering their financial strategies. Industry leaders point to a notable shift in NRI investment behaviors, with many looking to Indian real estate as a safe and lucrative alternative. Key players in the real estate sector
If you have donated Rs 5 lakh or more to a lesser-known political party, then the Income Tax Department may also be keeping an eye on you. Recently, tax officials have sent a long list of questions to thousands of individuals who made such donations in the financial year 2020-21. According to reports, in many
US President Donald Trump recently criticized India’s high tariffs, warning of a potential US retaliation. In a sharp statement, Trump asserted that the existing trade system is unfair to the US, and vowed to introduce reciprocal tariffs to counteract what he perceives as protectionist policies by other nations, including India. While much of the discussion
Singapore’s state investment company Temasek has signed a deal to pick up close to a 10% stake in the snacks business of India’s Haldiram’s at a cost of about $1 billion, two people with direct knowledge of the matter said on Wednesday. The deal was signed after months of negotiation and Temasek considers Haldiram’s a
Sanjay Shah, promoter of Prudent Corporate Advisory Services, India’s fifth-largest mutual fund distributor, has made headlines with his unique gesture of gifting shares to employees. Shah plans to distribute shares worth Rs 33 crore among 650 employees, including some staff engaged at his home, to celebrate his 25 years in business. The planned gift involves
The turmoil in the tech stocks continue and the Nifty IT Index is down over 3% close to 8-month lows and has declined over 5% in 2025 so far. The key tech sector Index is around 15% away from its 52-week lows. However, some stocks in the Nifty IT Index are now down over 20%
