When envisioning retirement, financial security and comfort take precedence. Throughout life, individuals work tirelessly, earn, and make financial sacrifices to secure a stable future. As income sources diminish during retirement, having a reliable corpus ensures independence, dignity, and the ability to maintain one’s lifestyle without financial stress. The question arises: how does one build such …
The Maharashtra government has declared over 5 lakh beneficiaries ineligible for the Ladki Bahin Scheme, citing violations of the eligibility criteria. The scheme, aimed at providing financial support to women from low-income families, has specific rules regarding income, vehicle ownership, and family background. Let’s take a look at the eligibility criteria and why these beneficiaries …
On January 16, 2025, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved the creation of the 8th Pay Commission to review the salaries of nearly 50 lakh central government employees and allowances for 65 lakh pensioners. Recommendation by National Council The National Council of Joint Consultative Machinery (JCM) Staff Side has submitted its …
The EPFO (Employees’ Provident Fund Organisation) has extended the deadline for activating the Universal Account Number (UAN) and linking bank accounts with Aadhaar to February 15, 2025. This extension allows employees more time to fulfil the mandatory requirements for availing benefits under the Employment Linked Incentive (ELI) Scheme. The announcement was made by the Ministry …
The 2025 Budget has revised the income tax structure, increasing the exemption threshold to ₹12 lakh. For salaried individuals, this rises to ₹12.75 lakh with the standard deduction of ₹75,000. These adjustments alter tax liabilities compared to the 2024 framework, making the new regime more advantageous for certain income brackets. Comparing the New and Old …
With the rise of online shopping, fraudulent delivery scams have become increasingly common. A new scam involving fake calls from individuals posing as Blue Dart executives has emerged, tricking unsuspecting people into compromising their financial and personal security. Understanding how this scam operates and taking preventive measures is essential to avoid falling victim to such …
The Union government has decided to discontinue the Sovereign Gold Bond (SGB) scheme due to the high costs associated with borrowing. Finance Minister Nirmala Sitharaman confirmed this decision at a press briefing following the Union Budget announcement on February 1. Launched in 2015 as part of the Gold Monetisation scheme to reduce gold imports, the …
Fixed deposits (FDs) remain a popular investment option in India, especially for those seeking safe and high-yield returns. As of February 5, 2025, more than 20 banks are offering FD interest rates of 8% or higher as per reports. Read More About What is Fixed Deposit (FD)? Top Banks Offering the Best FD Rates Small …
Central government employees and pensioners had high hopes that Finance Minister Nirmala Sitharaman would announce the roadmap for the 8th Pay Commission in her Union Budget 2025 speech. However, the budget did not mention the new pay commission or allocate funds for its implementation, pushing expectations to the next financial year. Formation of the 8th …
The Union Budget 2025 has brought forward several transformative measures to boost the growth and access to credit for Micro, Small, and Medium Enterprises (MSMEs) in India. One major initiative is the doubling of the credit guarantee limit for MSMEs from ₹5 crore to ₹10 crore. Additionally, the Finance Minister raised the turnover and investment …
