NEW DELHI: The National Institute for Transforming India (NITI) Aayog, the government’s policy think-tank, today announced it will give district collectors, district magistrates, and deputy commissioners Rs 10 for every citizen who performs at least two cashless transactions. Such citizens should use one of five modes for their transactions – ...
Read More »18 lakh farmers in Rajasthan join new insurance scheme
JAIPUR: Around 18 lakh farmers have been associated with the new insurance scheme in Rajasthan which is the first state to provide Rs 5 lakh accidental insurance to farmers by charging only Rs 27 premium per year. The government is targetting to associate 25 lakh farmers in the current fiscal ...
Read More »RBI revises Market Stabilisation Scheme limit to Rs 6 lakh crore
After the withdrawal of the legal tender character of the Rs 500 and Rs 1000 denomination notes with effect from November 9, 2016, there has been a surge in the deposits with the banks. Consequently, there has been a significant increase of liquidity in the banking system which is expected ...
Read More »World’s largest solar power plant unveiled in Tamil Nadu
In less than a year after Prime Minister Narendra Modi launched the Solar Alliance initiative at the UN Climate Change Conference in Paris, the country appears to be on schedule to reduce its dependency on fossil fuels to power homes and industries by 2030. A solar power plant in Kamuthi, ...
Read More »Retail price of LED bulbs under govt’s UJALA scheme drops to Rs 65 from Rs 550
New Delhi: Retail price of 9 watt LED bulbs under the government’s UJALA programme has dropped to as low as Rs 65 per unit to encourage consumers to opt for these energy efficient lights. “The aggregation of demand and bulk procurement has resulted in reduction of 88 per cent in ...
Read More »Budget 2017: Govt Plans Housing Scheme At 6-7% Home Loan Rates
New Delhi: In a bid to boost housing sector, the central government is mulling a new housing scheme that may use money from the demonetisation drive, reports ET NOW exclusively. According to sources, the government is already in discussion with the Reserve Bank of India (RBI) for the scheme. The new ...
Read More »Black Money Tax: Government’s New Income Declaration Scheme In 10 Points
NEW DELHI: With the ban on 500 and 1,000-rupee notes now more than two weeks old, the government has proposed new rules to tax black money that is being unearthed. The bill was submitted on Monday for parliament’s review by Finance Minister Arun Jaitley as the government is being attacked ...
Read More »Banks to accept payments under Income Disclosure Scheme till 2017 without seeking source
New Delhi: Banks will be accepting the first installments of tax payments under the Income Disclosure Scheme 2016 with creating any hassle for the declarant or seek any source of funds. IDS 2016 was announced by Finance Minister Arun Jaitley in the Union Budget 2016, as a one-time opportunity (open from ...
Read More »UP government rolls out subsidised salt scheme
Lucknow: Chief Minister Akhilesh Yadav on Friday launched “Samajwadi Namak”, fortified with iron and iodine, for the poor from his official residence in Lucknow. The salt will be available at subsidised rates for about 46.2 lakh beneficiaries in 10 districts. The scheme would benefit Antyodaya, BPL as well as 60 ...
Read More »SEBI’s start-up boost: Allows 200 investors in a scheme
MUMBAI: Securities markets regulator SEBI has eased the regulations governing investment in angel funds, thus enabling more fund infusion in start-ups. Considering the recommendations of the NR Narayana Murthy Committee at its board meeting held on Wednesday, SEBI decided to increase the upper limit of number of angel investors in a ...
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