NPS Withdrawal Norms

Ministry of Finance NPS Withdrawal Norms 21 DEC 2018 The Pension Fund Regulatory and Development Authority (PFRDA) has changed the norms for withdrawal of National Pension System (NPS) subscribers. Keeping in view the possibility of sudden financial needs of the subscribers, the requirement of minimum period under National Pension System (NPS) for availing the facility of partial withdrawal from the mandatory Tier-I account of the subscriber...

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New Settlement Rules of SEBI

Ministry of Finance New Settlement Rules of SEBI 21 DEC 2018 SEBI has introduced the SEBI (Settlement Proceedings) Regulations, 2018 that have been notified on 30.11.2018 and will come into effect from 01.01.2019. On the date of commencement of these Regulations the existing SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 shall stand repealed. In pursuit of the objectives of SEBI (to protect the interests of investors in securities and to promote the development of and to regulate the securities market),...

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Income Tax benefits from Post Office Saving Schemes

Income Tax benefits from Post Office Saving Schemes Interest rates on these post office saving schemes move in line with the government's interest rates on small savings schemes.India Post or Department of Posts, which runs the postal network of the country, offers a number of saving schemes with income tax benefits. Using these saving schemes, investor can claim a deduction up to Rs. 1.5 lakh in a financial year from taxable income under Section 80C of the Income Tax Act. Interest rates on these post office saving schemes move in...

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Year End review: Ministry of Personnel, Public Grievances & Pensions

Ministry of Personnel, Public Grievances & Pensions Year End review: Ministry of Personnel, Public Grievances & Pensions 21 DEC 2018 12th Civil Services Day event: The Vice President of India, Shri M. Venkaiah Naidu inaugurated 2-day event of 12th Civil Services Day on 20.4.2018. The Prime Minister, Shri Narendra Modi, addressed Civil Servants on the occasion of Civil Services Day on 21.4.18. Prime Minister presented 15 awards to the winners in various categories. He said that the priority programmes such as Pradhan Mantri Fasal...

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No Increase or Decrease the Age of Retirement of Central Govt Employees

No Increase or Decrease the Age of Retirement of Central Govt Employees No Increase or Decrease the Age of Retirement of Central Government Employees - Minister Replied in Parliament on 19th December 2018. In a written reply to a question in Lok Sabha on 19.12.2018, the Minister of State for Personnel, Public Grievances & Pensions Dr.Jitendra Singh said that there is no proposal at present to increase or decrease the age of retirement of Central Government Employees. He said, there is at present no proposal in that Department...

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