Business

7th Pay Commission: Crucial meet on DA, DR arrear benefits on Saturday, increased salary coming from July 1 | Personal Finance News

New Delhi: Lakhs of central government employees who have been eagerly waiting for hike in the Dearness Allowance (DA) will get revised salary from July 1. The government has already said in Parliament that their stalled dearness allowance (DA) and dearness relief (DR) will be resumed from 1 July 2021. Meanwhile, on the arrear front, a meeting between Central government servants' (CGS') representative...

Cases against fugitives, economic offenders to be actively pursued: FM | Economy News

New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said the government will actively pursue cases against economic offenders to bring back defrauded money of banks. The remark came soon after the Enforcement Directorate (ED) said the Debts Recovery Tribunal (DRT) has sold shares worth over Rs 5,800 crore of United Breweries Limited (UBL) that were earlier attached under the anti-money...

Reliance AGM 2021 tomorrow: Jio customers await big surprises, check 5 things to know | Companies News

New Delhi: Reliance Industries Limited (RIL) is all set to host its 44th Annual General Meeting (AGM) on June 24 (Thursday), creating a buzz among Jio customers, company shareholders and investors.  RIL’s chief Mukesh Ambani is expected to come with a slew of announcements showing how the oil-to-telecom conglomerate is doubling down on its efforts to become a tech-first brand. Also Read: Twitter...

Good news for housewives! No Income Tax scrutiny on cash deposits up to Rs 2.5 lakh post demonetisation | Personal Finance News

New Delhi: Cash deposits of up to Rs 2.5 lakh by housewives post demonetisation will not come under I-T scrutiny as the Income Tax Appellate Tribunal (ITAT) has held that such deposits cannot be treated as income of the assessee. Ruling on an appeal filed by an individual, the Agra bench of ITAT said the order would act as a precedent for all similar cases. The appellant, a housewife Uma Agrawal of...

Post Office Scheme: Deposit only Rs 50,000 to get Rs 3300 pension, here’s how | Personal Finance News

New Delhi: Investments in Post Office schemes are popular among investors seeking security and high returns. The organisation has been rolling out several schemes from time to time to offer investors a variety of options to choose from.  In one such monthly income scheme (MIS), the Post Office offers a regular pension after investing a lump sum amount in the plan. An investor also gets maturity...

Sensex drops 283 points; Nifty ends below 15,700 | Markets News

Mumbai: Equity benchmark Sensex gave up early gains and tumbled 283 points on Wednesday following losses in index heavyweights Reliance Industries, HDFC and ICICI Bank. The 30-share BSE index ended 282.63 points or 0.54 per cent lower at 52,306.08. Similarly, the broader NSE Nifty declined 85.80 points or 0.54 per cent to 15,686.95. Kotak Bank was the top loser in the Sensex pack, shedding over 1 per...

ED transfers assets worth Rs 9,371 crore to public sector banks in Vijay Mallya, Nirav Modi, Mehul Choksi fraud case | Companies News

New Delhi: In what could be termed as a major win for the investigative agencies, the Enforcement Directorate (ED) has transferred attached assets worth Rs 8441.5 crore to consortium of Public Sector Banks who had lent money to fugitive liquor baron Vijay Mallya, diamantaire Nirav Modi and his uncle Mehul Choksi. Vijay Mallya, Nirav Modi and Mehul Choksi have defrauded the Indian PSBs to the tune of Rs....

SIP at THIS age can fetch you Rs 10 crore by 50 years: Here’s how much to invest every month | Personal Finance News

Everyone wants their retirement times to be content and financially stable. In India, the retirement age happens at the age of 60 years and people try to make a lot of savings for this age.   But why should you retire at the age of 60 only? If you think about retiring early, you should save sufficient money for the rest of your life. A lot of experts believe that if someone plans to retire early, he...

Finance Minister Sitharaman meets Infosys officials, asks them to fix tech glitches on new I-T e-filing portal | Economy News

Finance Minister Nirmala Sitharaman on Tuesday met with Infosys officials and reviewed the technical glitches that continue to hamper the new income tax e-filing portal. Sitharaman, along with Minister of State for Finance Anurag Thakur, Revenue Secretary Tarun Bajaj, CBDT Chairman Jagannath Mohapatra and other senior ministry officials discussed the issues facing the new portal with officials of...

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