The 8th Pay Commission is highly anticipated as government employees await insights into potential salary hikes and benefits. Pay Commissions, set up periodically, assess salary structures and recommend revisions based on inflation, economic conditions, and cost of living. While the 7th Pay Commission brought a significant boost in pay scales, curiosity now grows about the …
Retirement planning is a subject of growing interest, especially when one considers how a modest lump sum can evolve into a substantial corpus over time. This article presents an informational exploration of two distinct scenarios where an initial investment of ₹11,00,000 grows significantly through the power of compounding, without offering any recommendations or advice. Understanding …
In today’s global economy, high-income earners often compare tax structures across different countries to understand the real value of their earnings. This article presents an informational comparison of how a ₹10 crore salary is affected by marginal tax rates in several countries, with a focus on the United States, India, the United Arab Emirates (UAE) …
The wait for the 19th installment of the PM Kisan Samman Nidhi (PM-KISAN) Yojana is finally over, as Prime Minister Narendra Modi is set to transfer the funds directly into farmers’ accounts with a single click on February 24, 2025, during his visit to Bihar. More than 9.8 crore farmers, including 2.41 crore female farmers, …
Newly appointed Delhi Chief Minister Rekha Gupta reaffirmed her commitment to implementing the Mahila Samriddhi Yojana, which promises ₹2,500 per month to eligible women in the capital, as per news reports. Speaking at a press conference on February 23, Delhi Chief Minister Rekha Gupta addressed concerns over the scheme’s execution amid financial constraints. She acknowledged …
Mahila Samriddhi Yojana is a financial assistance initiative designed to empower women in Delhi by supporting their economic well-being. In the lead-up to her oath-taking ceremony last week, Chief Minister-designate Rekha Gupta announced that eligible women in Delhi will receive ₹2,500 under the scheme by March 8. The scheme is expected to benefit a large …
The central bank, the Reserve Bank of India (RBI) has announced the schedule for the premature redemption of Sovereign Gold Bonds (SGBs) for the period from April 2025 to September 2025. Investors who have held their SGBs for at least 5 years from the issue date are eligible to redeem them before maturity. Premature Redemption …
Angel One Asset Management Company has introduced its first-ever new fund offer (NFO) with the Angel One Nifty Total Market Index Fund, currently open for subscription until February 21, 2025. This open-ended scheme aims to replicate and track the Nifty Total Market Index, allowing investors to participate in India’s growth story without the complexities of …
Rekha Gupta, Delhi’s 4th female Chief Minister, assumed office as the 9th CM of the national capital on Thursday. With the new government in power, attention has turned to ₹2,500 per month of financial aid to women in Delhi. Objective of Mahila Samriddhi Yojana The main objective of the ₹2500 Mahila Samriddhi Yojana is to …
The financial year 2025-26 brings double good news for salaried individuals. Finance Minister Nirmala Sitharaman has announced generous income tax cuts, boosting disposable income for many taxpayers. Additionally, annual increments and performance bonuses typically disbursed around this time further contribute to higher earnings. For home loan borrowers, this extra cash presents a valuable opportunity to …
