Union Finance Minister Nirmala Sitharaman will present the new Income Tax Bill 2025 in the Lok Sabha today. This bill, designed to make tax regulations more accessible to the general public, will replace the existing Income Tax Act of 1961. The bill will then be referred to the Parliamentary Standing Committee on Finance, which will … Read more
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The Union Finance Ministry has issued a directive to banks that central government pensioners should receive their pensions by the last working day of each month, with specific provisions for March payments. The ministry clarified that the notification has been issued to ensure timely disbursement of pensions and family pensions. The Ministry issued an … Read more
There are five major components of the UPS benefits, starting with the assurance that government employees will receive half of their average basic pay drawn over their final 12 months in service prior to retirement, as a monthly pension for life. | Photo Credit: Getty Images/iStockphoto The story so far: Last weekend, the Union Cabinet … Read more
G. Kishan Reddy | Photo Credit: RAMAKRISHNA G Telangana BJP president and Union Minister for Coal and Mines G. Kishan Reddy has termed the discussion and resolution in the Legislative Assembly against the union Budget as “blackmail” and said it is only a ruse to cover up for the Congress government’s own “administrative failures” by … Read more
With the 2024 Budget approaching, the government has received a proposal to establish the 8th Pay Commission. This commission would review the basic pay, allowances, pension, and other benefits for central government employees and pensioners. Shiv Gopal Mishra, Secretary of the National Council (staff side, Joint Consultative Machinery for central government employees), wrote to the … Read more
1 hour ago Claire Ellison,BBC News Society team BBC Sam Hodkinson needs a pension payment soon, after retiring because of ill-health A former police officer who retired early because of breast cancer and is owed extra pension, says she fears she may not live to see the money paid out. Sam Hodkinson is one of … Read more
Mumbai: State Bank of India (SBI)’s profit fell 35% year on year due to provisions on wage and pension increases even as loan growth remained strong. Net profit fell to Rs 9164 crore in the quarter ended December 2023 from Rs 14,205 crore a year ago as the bank made a total of Rs 13,413 … Read more
File photo of Chief Minister YS Jagan Mohan Reddy with beneficiaries after the launch of extended pension distribution programme under YSR Pension Kanuka at Prathipadu village in Guntur district. | Photo Credit: VIJAYA KUMAR T Enhancing the Social Security Pension amount from ₹2,750 to ₹3,000 per month to Old Age Pension (OAP), widow, weavers, toddy … Read more
Investors in the National Pension System (NPS) can add funds to their accounts through a D-remit-based Quick Response (QR) code. By scanning their unique QR code, subscribers can contribute using any UPI-enabled app. These personalised QR codes, distinct for Tier I and II accounts, can be stored offline for convenient future payments. In line with … Read more