As the Narendra Modi government enters the fourth year of its mandate, the opposition has accused it of usurping as many as 23 legacy schemes of the UPA and rebranding them as its own. However, there is more to government schemes than names. It is probably simplistic to say that some of ...
Read More »Age limit for joining the National Pension Scheme has been raised to 65 years from the current 60
The upper age limit for joining the National Pension System (NPS) has been raised to 65 years from the current 60, the Pension Fund Regulatory and Development Authority (PFRDA) announced on Monday. PFRDA Chairman Hemant Contractor made the announcement at a conference here on “Transferring Superannuation Funds to National Pension ...
Read More »Rs 15,000 crore saved by distribution firms under UDAY scheme
Debt-laden power distribution companies in states which participated in the UDAY scheme, meant for their revival, have saved Rs 15,000 crore till March this year, the power ministry said on Wednesday. The Ujwal DISCOM Assurance Yojana (UDAY) was launched in November, 2015 and has completed more than 18 months of operation. “The participating ...
Read More »Book now, pay later scheme launched by IRCTC for tatkal tickets: How to use it in 3 steps
People can now pay later for tickets booked under the tatkal quota on the Indian Railway Catering and Tourism Corp (IRCTC) website, it was announced on Wednesday. Till now, this service was available only for general reservations. For tatkal bookings people had to pay first via the standard online payment ...
Read More »According to a report UDAY scheme improves performance of discoms in FY17
The financial and operation performance of the distribution companies ( discoms which have joined the Ujwal Discom Assurance Yojana (UDAY) scheme have improved on an average during the last fiscal, said India Ratings (Ind-Ra). However, it said the aggregate performance of the scheme masks wide inter-state variations. “Our initial assessment of ...
Read More »10 things to know about Pradhan Mantri Vaya Vandana Yojana
Influenced by the success and popularity of Varishtha Pension Bima Yojana 2003 and Varishtha Pension Bima Yojana 2014 schemes, and to protect elderly people aged 60 years and above in the falling interest regime, the Modi government recently announced the launch of a simplified scheme of assured pension, called Pradhan ...
Read More »Department of Industrial Policy and Promotion proposes Rs 2000 cr credit guarantee scheme for entrepreneurs
The commerce and industry ministry on Monday said it has proposed a Rs 2,000 crore credit guarantee scheme for startups to help them access funds. For the scheme, a corpus contribution of “Rs 2,000 crore is proposed keeping in mind the challenges faced by startups in accessing funds,” Commerce and ...
Read More »Shramik Annapurna Yojana, under which meal is offered to construction workers for Rs 10 only
It’s 9.45 am and a saffron-coloured food stall with pictures of Prime Minister Narendra Modi, Chief Minister Vijay Rupani and his deputy Nitin Patel on Narol crossroads in Ahmedabad has run out of meals. Reason, it provides one plate meal of five rotis, a mixed vegetable sabzi, rice, pickle and green ...
Read More »Get Rs.15 Lakhs reimbursement or 50% of total expenses in filling international patent
The scheme, launched by the Indian government, aims to provide financial support to MSMEs and technology startup units for international patent filing to encourage innovation and recognise the value and capabilities of global IP along with capturing growth opportunities in the ICTE sector. Objective: Support for international patient protection in ...
Read More »Gold monetisation scheme
After banks, the government is considering allowing non-banking financial companies and (NBFCs) some other financial institutions to take gold deposits to boost the performance of the gold monetisation scheme, a senior finance ministry official told FE. Any such move could facilitate the participation of players like Muthoot Finance and Manappuram ...
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