The Government of India has undertaken significant measures to enhance the welfare and social security of workers, particularly focusing on unorganised and migrant labour. Through a combination of comprehensive social security schemes and the establishment of the E-Shram portal, the aim is to create a robust framework for worker benefits and empowerment. These initiatives address …
Deadline Nears for UAN Activation and Aadhaar Linkage The Employees’ Provident Fund Organisation (EPFO) has mandated the activation of the Universal Account Number (UAN) and Aadhaar linkage by November 30, 2024. This requirement is crucial for employees and employers to access the benefits of the Employment-Linked Incentive (ELI) scheme, introduced in the Union Budget 2024 …
In a disturbing reminder of how technology can be weaponised, two men were arrested for allegedly defrauding a homemaker in Kochi of ₹4.12 crore in a “digital arrest” cyber scam. The scammers posed as Delhi Police officers, telling the victim that a fraudulent bank account had been opened using her Aadhaar card. The terrified homemaker …
Multiple important rule changes are set to impact daily life and finances across India starting December 1, 2024. These updates are designed to improve transparency, fairness, and financial management. Here’s a summary of the key changes: LPG Price Adjustments Oil marketing companies may adjust the prices of LPG cylinders each month based on international market …
Diwali, the vibrant “Festival of Lights,” celebrates light over darkness and ushers in new beginnings. This year, the five-day celebration began on October 29 with Dhanteras and concludes on November 3 with Bhai Dooj. Due to its cultural significance, banks across India observe holidays on different days, affecting banking services in various states. Here’s the …
This Children’s Day, why not focus on something that could impact your child’s future? Managing finances isn’t just a skill; it’s a powerful tool that empowers children to navigate life’s financial challenges. Yet, it’s rarely taught in schools. By encouraging habits like budgeting, saving, and investing, you empower your child with lifelong financial wisdom. Let’s …
The Subhadra Yojana is a transformative initiative by the Government of Odisha, aimed at promoting financial independence for women across the state. Launched on May 12, 2024, by Prime Minister Narendra Modi, the scheme allocates ₹50,000 over five years to eligible women. The program supports women’s self-reliance, aiming to elevate their socio-economic status. Here’s everything …
As Infosys rewards its employees with a performance bonus this November, many are contemplating how best to allocate this additional Infosys performance bonus income. While it’s tempting to indulge in extravagant purchases or splurge on luxury items, it’s important to remember that smart management of this bonus can have a far greater impact in the …
A social media post recently went viral, claiming that the Indian government had raised the retirement age for central government employees to 62. However, this is not true, as confirmed by the Press Information Bureau (PIB). PIB Denies Retirement Age Increase The PIB clarified that the viral post was fake and that the central government …
The Central Government has introduced the PAN 2.0 Project, an initiative by the Income Tax Department (ITD) to modernise and digitise the current Permanent Account Number (PAN) system. Approved by the Cabinet Committee on Economic Affairs (CCEA), led by Prime Minister Narendra Modi, the project aims to create a unified and user-friendly system for all …
