The Empowered Committee of Secretaries (E-CoS) will screen the suggestions of the Ashok Lavasa committee report before they send it to the Cabinet for approval.
State-owned lender Andhra Bank said it has launched a mobile app for its customers.
The Income Tax Department on Wednesday urged taxpayers to link their Aadhaar with their PAN, using an SMS-based facility.
New one rupee notes with predominantly pink-green on obverse and reverse in combination with other colours will be soon put into circulation.
The Empowered Committee of Secretaries (E-CoS) set up to screen the Lavasa panel recommendations on allowances will finalised its final draft report today which will then later be placed before the Union Cabinet on Wednesday (June 1).
Retirement fund body EPFO will invest Rs 20,000 crore in exchange traded funds this fiscal as it has decided to raise the investment limit in ETFs, Union Minister Bandaru Dattatreya said on Sunday.
The Central Board of Trustees (CBT) of retirement fund body EPFO on Saturday turned down the proposal to reduce the mandatory contributions from workers and employers to 10 percent.
PM Modi would wait for the suggestions made by the E-CoS before personally intervening into the matter.
Retirement savings manager EPFO will take up the matter of stepping up its investment in the stock market to up to 15 percent at its next meeting in Pune on Saturday.
Presently, employees and employers contribute 12 percent of basic wages each towards Employees Provident Fund Scheme (EPF), Employee Pension Scheme (EPS) and Employee Deposit Linked Insurance Scheme (EDLI).
As far as HRA is concerned, the central government employees are currently suffering a maximum monthly loss of Rs 33,000, due to non implementaion of revised allowances under the Seventh Pay Commission.
Over 230 banks and the Department of India Post have been involved in the implementation of the government`s flagship social security scheme that focuses on encouraging and enabling the subscribers to save for their retirement.
Post the November 8 demonetisation measure, 12.54 lakh Point of Sale (PoS) terminals have been added during the fourth quarter of the last fiscal ended March to facilitate more digital transactions, the government has said.
Leading publisher of tax and corporate laws in India Taxmann.com has announced its recognition as the Goods and Services Tax Suvidha Provider (GSP) by the Government of India.
Hundreds of lakhs of central government employees might heave a sigh of relief soon as media reports are pouring that the update on allowances as recommended by the 7th Pay Commission will be out by June 1.
Top stock exchange NSE has asked its brokers to ensure that their respective insurance cover is in order for current fiscal and submit the details of their policies in electronic format by July 31.
The long wait of central government employees and pensioners for allowances is about to end as the Narendra Modi government is expected to announce a maximum HRA hike of up to 122 percent for them soon.
Know how GST, which is scheduled to be rolled out from July 1, will make several commodities including packaged cement, medicaments, smartphones and medical devices cheaper.
Paytm is the third entity in the country to launch a payments bank after Airtel and India Post.