Department of Pension and Pensioners’ Welfare in India has introduced an online Pension Sanction and Payment Tracking System called Bhavishya. The system provides for online tracking of pension sanction and payment process by the retiring employee as well as the administrative authorities. Implemented Ministries/ Departments in India Bhavishya is implemented in main secretariat of 88 […]
Many types of schemes are started for the laborers working in the unorganized sector, one of those schemes is also E-Shram Card Pension Scheme. Under this scheme, workers are provided a monthly pension of ₹ 3000 after the age of 60 years. So that they can live their life comfortably in old age without doing
Input tax credit means at the time of paying tax on output, you can reduce the tax you have already paid on inputs and pay the balance amount. Here’s how:When you buy a product/service from a registered dealer you pay taxes on the purchase. On selling, you collect the tax. You adjust the taxes paid at
The Rajasthan government has introduced the “Suraksha Laghu Evam Simaant Vriddhajan Krishak Samman Pension Yojana” to uplift the lives of small and marginal farmers in the state. This initiative recognizes the significant contributions of these farmers to the agricultural sector and aims to provide them with much-needed social security during their golden years. By offering
The directions have been issued under Reserve Bank of India Act, 1934, Banking Regulation Act, 1949 and Credit Information Companies (Regulation) Act, 2005. The objective of direction is to provide for a non-discriminatory and transparent procedure for classifying a borrower as a wilful defaulter by the lenders. As of March 2023, 16,883 accounts involving total borrowing of Rs 3.5 lakh crore had been
Consultation paper seeks to introduce measures to enhance investor protection and promote market stability in derivative markets while ensuring sustained capital formation. Securities and Exchange Board of India (SEBI) has released a consultation paper aimed at enhancing investor protection and market stability in the derivatives market. The focus is on mitigating risks associated with speculative trading, particularly
A dividend equalization fund is a mutual fund that invests in stocks that pay regular dividends. This type of fund aims to provide investors with a consistent stream of income by investing in companies that have a history of paying dividends. The fund manager seeks to maintain a steady dividend payout to investors, regardless of
The Reserve Bank of India (RBI) has introduced a separate channel, namely ‘Fully Accessible Route’ (FAR), to enable non-residents to invest in specified government bonds with effect from April 1. Fully Accessible Route (FAR) The move follows the Union Budget announcement that certain specified categories of government bonds would be opened fully for non-resident investors
It is a committee of the United Nations Educational, Scientific, and Cultural Organization. The Committee is responsible for the implementation of the World Heritage Convention, defines the use of the World Heritage Fund, and allocates financial assistance upon requests from States Parties. It has the final say on whether a property is inscribed on the World Heritage List. It examines reports
National Apprentice Training Scheme (NATS) is a scheme launched by the government of India to upscale the youth. The government understand that there is a gap between the practical and theoretical knowledge of students. To bridge the gap, the government launched this scheme and trained them to be industry-ready. The purpose of the NATS scheme
CA Bhuvnesh Kumar Goyal
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