Sikkim govt raises DA for employees and pensioners; 50,000 to benefit
The revised rates will take effect on January 1 and will apply to employees and pensioners covered under both the pre-revised and revised basic pay structures.
The revised rates will take effect on January 1 and will apply to employees and pensioners covered under both the pre-revised and revised basic pay structures.
The Senior Citizens Savings Scheme (SCSS) is one of the most popular fixed-income investment options for retirees as it offers government backing, regular quarterly payouts and higher interest rates than most fixed deposits. The scheme comes with an initial maturity period of five years, post which the account holder can either withdraw their entire accumulated…
SEBI’s recently introduced GARUDA framework, which allows eligible Alternative Investment Fund (AIF) schemes to launch faster, has put the spotlight back on an investment category that has expanded rapidly over the past decade. While AIFs have become an important source of capital for startups, private businesses and alternative assets, they remain less familiar than mutual…
The Reserve Bank of India (RBI) earlier this week said it is allowing lenders to offer different interest rates on bulk deposits, based on their liquidity risk profile, but added that banks cannot discriminate between deposits that are of the same size. The allowance has been made under the central bank’s Liquidity Coverage Ratio (LCR)…
The Employees’ Provident Fund (EPF) is a government-backed investment and retirement savings option in India. Salaried individuals are eligible to open an EPF account when basic pay and dearness allowance are up to ₹15,000. You can further opt for voluntary provident fund (VPF), if the basic pay and DA exceed ₹15,000 per month. For FY26,…
More than 100 companies including IREDA, Kalyan Jewellers, NSDL and others have fixed September 11 (Friday) as the record date for their respective dividends, effectively making today the last day for interested investors to buy the stocks to be eligible for the dividend payouts. Under Sebi’s T+1 settlement cycle, investors need to purchase a company’s…
An Indian working in Kuwait’s oilfields faced intense income tax scrutiny over a tax dispute after sending money to his family in the home country. For now, the Income Tax Appellate Tribunal (ITAT), Ahmedabad, has provided partial relief. The details of the case are as follows: Case Name: RAHULKUMAR NARSHIBHAI PATEL, AHMEDABAD VS. THE ITO,…