Press Trust of India | Last Updated: April 29, 2016 20:14 (IST)
Not satisfied with the Finance Ministry's decision to release Income Tax statistics for only one assessment year (2012-13), noted French Economist Thomas Piketty today said the government should have come out with the figures for earlier years for a meaningful analysis on income distribution.
NDTV Profit Team | Last Updated: April 29, 2016 18:53 (IST)
For the first time, the tax department has made public a solid amount of data on income tax for 16 years, including the earnings disclosed by different categories of people. "It's a big step for transparency," said Prime Minister Narendra Modi. A total of 84 page data has been released and put in the public domain for the first time, an official said.
Press Trust of India | Last Updated: April 29, 2016 16:56 (IST)
Banks have collected about 1,500 kg of gold from temples and trusts under the Gold Monetisation Scheme (GMS) since its launch last November.
NDTV Profit Team | Last Updated: April 29, 2016 16:10 (IST)
The government has decided that savings of employees accumulated in provident funds will draw an interest rate of 8.8 per cent for 2015-16.
Press Trust of India | Last Updated: April 28, 2016 18:51 (IST)
A day before nationwide protest by trade unions against lowering of EPF interest rate, Labour Minister Bandaru Dattatreya on Thursday said that he will discuss the issue with Finance Minister Arun Jaitley.
Press Trust of India | Last Updated: April 27, 2016 21:22 (IST)
Labour Minister Bandaru Dattatreya on Wednesday assured trade union Bharatiya Mazdoor Sangh (BMS) that his ministry is pressing upon the Finance Ministry with "all justifications" to uphold an interest rate of 8.8 per cent decided by the Employees' Provident Fund Organisation (EPFO).
Press Trust of India | Last Updated: April 27, 2016 20:46 (IST)
Ahead of a one-day protest called by labour unions against lowering of interest rate on Employee Provident Fund or EPF, the Finance Ministry on Wednesday defended its decision, saying last year's surplus would have to be used to pay even the lower 8.7 per cent rate for 2015-16.
Press Trust of India | Last Updated: April 26, 2016 22:16 (IST)
Unmoved by threats of protest by trade unions, a top Finance Ministry official on Tuesday said there is "no question" of going back on decision to fix interest rate at 8.7 per cent for EPF subscribers, down from 8.8 per cent decided by retirement fund body EPFO (Employees' Provident Fund Organisation).
Press Trust of India | Last Updated: April 25, 2016 18:35 (IST)
RSS-affiliated trade union Bharatiya Mazdoor Sangh (BMS) on Monday opposed the cut in EPF interest rates by the Finance Ministry, terming it as "encroachment" in the Fund's functioning and decided to hold protests across the country.
Press Trust of India | Last Updated: April 25, 2016 16:00 (IST)
The Finance Ministry has approved 8.7 per cent interest on PF deposits for over 5 crore subscribers of retirement body EPFO, lower than 8.8 per cent decided by the Central Board of Trustees (CBT).
Written by Renu Yadav | Last Updated: April 25, 2016 15:20 (IST)
Who doesn't like gifts? But did you know that gifts received worth more than Rs 50,000 could be taxable in your hands.
Press Trust of India | Last Updated: April 24, 2016 18:42 (IST)
If you want to apply for a job at State Bank of India (SBI), the country's largest lender, any loans- or credit card payments-related default will render you ineligible.
Press Trust of India | Last Updated: April 24, 2016 12:58 (IST)
The Employees' Provident Fund Organisation (EPFO) plans to launch a 'One Employee One EPF Account' system on May 1 to dissuade premature PF withdrawals and encourage state governments to join its pension system.
Agencies | Last Updated: April 20, 2016 16:08 (IST)
After Protests, Government Withdraws New PF Rules Bengaluru: Cables in flames after being torched by agitating garment workers in a protest rally in Bengaluru on Tuesday Confronted by protests - including a riot in Bengaluru that saw buses and police jeeps set on fire - the government has cancelled controversial new rules on when you can withdraw money from your provident fund, which serves as a savings plan for when salaried workers retire.
Agencies | Last Updated: April 19, 2016 16:18 (IST)
Confronted by protests - including a riot in Bengaluru that saw public buses set on fire - the government has put on hold for three months controversial new rules on provident funds, which serve as retirement savings for employees everywhere.
Press Trust of India | Last Updated: April 19, 2016 15:34 (IST)
The government on Tuesday kept in abeyance for three more months the proposed move to bar withdrawal of employer's contribution to the provident fund corpus until the employee attains the age of 58 years.
Written by Renu Yadav | Last Updated: April 17, 2016 11:03 (IST)
You buy different insurance covers to protect against various risks. But are you aware of the free insurance covers that you get with your LPG cylinder or an air ticket that you buy? Here are some of the insurance covers that you get for free.
Press Tust of India | Last Updated: April 14, 2016 17:10 (IST)
All banks have been asked to calculate revised amount of pension following the recent six per cent hike in Dearness Relief (DR), the Centre has said.
NDTV Profit Team | Last Updated: April 14, 2016 10:55 (IST)
If you have not claimed your provident fund money from your previous employment, do it now. Else, a major part of your PF money will get locked in till your retirement.
Press Trust of India | Last Updated: April 12, 2016 22:43 (IST)
The Pension Fund Regulatory and Development Authority (PFRDA) wants government employees to be given freedom to choose their fund managers and investment pattern for money invested in the Atal Pension scheme.