The Central Government has introduced the PAN 2.0 Project, an initiative by the Income Tax Department (ITD) to modernise and digitise the current Permanent Account Number (PAN) system. Approved by the Cabinet Committee on Economic Affairs (CCEA), led by Prime Minister Narendra Modi, the project aims to create a unified and user-friendly system for all …
Several states, including Maharashtra and Odisha, have introduced women-centric cash transfer schemes. While benefiting women, these programs also involve considerable financial commitments for state governments. Subhadra Yojana Phase 3 Details Recently, Odisha’s Subhadra Yojana has distributed ₹5,000 to 20 lakh women in its third phase, with over ₹1,000 crore transferred. The program aims to benefit …
The Odisha government has disbursed the 3rd phase of the first instalment under the Subhadra Yojana, providing ₹5,000 each to over 20 lakh women. The initiative aims to empower women through direct financial support. Transfer of Funds and Key Figures The funds were distributed during a public event in Sundargarh, Odisha. Chief Minister Mohan Majhi …
A social media post recently went viral, claiming that the Indian government had raised the retirement age for central government employees to 62. However, this is not true, as confirmed by the Press Information Bureau (PIB). PIB Denies Retirement Age Increase The PIB clarified that the viral post was fake and that the central government …
On October 9, 2024, the Reserve Bank of India (RBI) raised the transaction limit for UPI 123Pay from ₹5,000 to ₹10,000. The NPCI (National Payments Corporation of India) followed up with a directive for banks and service providers to implement this change. What is UPI 123Pay? UPI 123Pay allows users to make digital payments through …
Gold prices in India have been declining since last week as rising U.S. inflation strengthened the dollar index and fueled speculation about a potential shift in the Federal Reserve’s approach to monetary policy. Gold Rate Today in Chennai (November 19, 2024) On November 19, today the gold rate in Chennai is ₹75,661 per 10 grams, …
Gold prices in India saw a slight dip on Thursday. The price of 24-carat gold is ₹7,701.3 per gram, marking a decrease of ₹10.0, while 22-carat gold is priced at ₹7,061.3 per gram, also down by ₹10.0. Gold Rate Today in Chennai (November 14, 2024) On November 14, today the gold rate in Chennai is …
FAR Overview Through the ‘Fully Accessible Route’ (FAR), the Reserve Bank enables non-residents to invest in specified Government of India dated securities. Eligible investors can invest in specified Government securities without being subject to any investment ceilings. Expansion of Investment Options The Reserve Bank of India (RBI) has broadened the range of specified government securities …
The recent government decision to reduce the National Savings Scheme (NSS) interest rate to zero has created concerns among investors, especially retirees. Effective October 1, 2024, all funds held in NSS accounts will cease to earn interest, impacting thousands who had planned their finances around this scheme. This blog explores the financial implications of the …
The Employees’ Provident Fund Organisation (EPFO) celebrates its Foundation Day on November 1 each year. The year 2024 marks EPFO’s 72nd Foundation Day. This government organisation operates under the Ministry of Labour & Employment, and its Central Board of Trustees was formed by the Central Government through the Employees’ Provident Funds and Miscellaneous Provisions Act …
