The court said that pension is a welfare measure intended to safeguard the financial security of retired employees and their families
The 8th Pay Commission is currently holding consultations with eligible stakeholders on pay, the fitment factor, allowances and pension-related matters concerning central government employees. The commission has already held meetings in states and Union territories, including Rajasthan, Tamil Nadu, Puducherry and Chandigarh. Going ahead, it is scheduled to meet stakeholders in Bengaluru on October 7…
For Assessment Year (AY) 2026-27, taxpayers who have filed their income tax returns should keep an eye on their registered email and the e-filing portal. If the Income Tax Department finds that a return contains missing, inconsistent, or incorrect information, it may issue a defective return notice under Section 139(9). What is a defective return?…
The Rs 251.88 crore Technocraft Ventures IPO opens for subscription today, August 7, and will remain open until August 11. Ahead of its launch, the IPO is commanding an 5% premium in the grey market, reflecting positive investor sentiment. The issue comprises a fresh issue of 95 lakh shares worth Rs 201.51 crore and an…
Introduction: In this article, I’ll explore the landscape of flexi loans offered by various financial institutions and delve into the details of their terms and conditions. Flexi loans have become increasingly popular among borrowers due to their flexibility and convenience. However, not all financial institutions offer the same terms, making it essential to compare…
If a life insurance policy lapses due to non-payment of premiums, the insurer can legally reject the death claim. But can the insurer also keep the premiums already paid by the policyholder? In a significant ruling, the Maharashtra State Consumer Disputes Redressal Commission said that while HDFC Life Insurance Company was justified in rejecting a…
Insurance premiums could come under pressure if the Insurance Regulatory and Development Authority of India’s (IRDAI) proposed reforms reduce distribution and operating costs, but the regulator has not said that premiums will automatically become cheaper. The consultation paper proposes changes to insurers’ Expenses of Management (EoM), commission structures, sales incentives and disclosures, with the broader…