FIXED MEDICAL ALLOWANCE
For NRI quota in government medical colleges, Karnataka govt wants 500 additional MBBS seats
The Karnataka government has urged the Centre to approve extra MBBS seats in autonomous government medical colleges under the Department of Medical Education starting from the academic year 2025-26. Medical Education Minister Sharan Prakash Patil stated that he has formally requested the Chairman of the National Medical Commission (NMC) to authorize a 15% NRI quota by creating 508 additional supernumerary MBBS seats across 22 government medical colleges in the state.
Central govt employees seek rationalised income tax slabs and old pension scheme from Budget
Central government employees are advocating for key reforms in the Union Budget 2024-25. Their demands include rationalization of income tax slabs, the restoration of the old pension scheme, the establishment of the eighth central pay commission, improved home loan recovery terms, enhanced medical facilities, and income tax exemptions for pensioners.
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Delhi Court refuses to extend Supertech Chairman RK Arora's Interim bail, directs him to surrender on May 13
The Enforcement Directorate (ED) has registered 26 FIRs against Supertech Limited and its group companies for various offenses including criminal conspiracy, breach of trust, cheating, and more. These allegations involve cheating over 670 home buyers for Rs 164 crore. ED also accuses Supertech of diverting funds to purchase properties, often at lower values, resulting in illegal gains.
DA hiked to 50%: 6 other allowances revised for central govt employees, as per 7th Pay Commission
DA hiked by 4%: The 7th Pay Commission reviewed all benefits offered to Central Government employees, including those for railway employees, civilian defence workers, and defence troops, in response to its evaluation and recommendations from 2016. The key guidelines for these six allowances for employees of the central government have been issued.
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Hike in senior citizen FD? Additional interest rates should increase from 0.5% to 2%; FM gets proposal
Senior citizen FD: On fixed deposits, most of the public and private sector banks offer 0.25% to 0.50% higher interest rates than what they offer to the general public. Certain banks also offer some additional interest rates to super senior citizens as well. Bharat Pensioners Samaj has requested the Finance Minister to hike the additional interest rate to 2% on senior citizen FDs. Read what they are demanding.
Grant of fixed medical allowance for pensioners, family pensioners under NPS
This announcement was via an office memorandum dated December 6, 2023 by the Ministry of Personnel, Public Grievances and Pensions.
Opt for firms with steady capital expenditure: 5 stocks with up to 32% upside potential
Given the buoyant demand environment, the companies that have invested in the expansion of their business operations are likely to perform better.
Two rounds of counselling over; 13,000 postgraduate medical seats remain vacant
According to the ministry sources cited by the newspaper, India has a total 68,142 postgraduate medical seats. These seats are filled on the basis of the NEET-PG examination rankings. As many as 2.2 lakh medical graduates appeared for the exam this year.
How much health insurance do you need in your 30s? Know how to choose the right medical insurance policy
There are several benefits you will get for buying a health insurance policy in your 30s. You will get a comprehensive health insurance cover at an affordable price. How much health insurance coverage do you need in your 30s? What are the things to look at while buying health insurance cover? ET Wealth Online explains
AI may someday work medical miracles, but for now, it helps do paperwork
ChatGPT-style artificial intelligence is coming to health care, and the grand vision of what it could bring is inspiring. Every doctor, enthusiasts predict, will have a superintelligent sidekick, dispensing suggestions to improve care.
Derecognition threat looms over 100 medical colleges: Report
The medical colleges were not found to be complying with the National Medical Commission norms and several lapses were found during inspections carried out by the Commission: Report
NEET PG 2023: Admit cards to be out on this date, check here
The National Board of Examinations in Medical Sciences has opened the NEET PG 2023 edit window on its official website.
REITs, InvITs lose sheen as rates rise
A REIT is a company that owns, operates, or finances income-generating real estate assets. Typically, several large investors pool in to buy units of these companies and earn a 'distribution yield' based on the income generated on the underlying assets.
Looking to financially prepare for medical emergencies? Here are 5 things to remember
Nothing is more important than our health. We need to be financially ready to handle whatever life throws at us. In recent times, the Covid-19 pandemic and its impact have added impetus to the importance of being financially prepared for medical emergencies.
WeWork India fixes bug that exposed visitors' personal information
Security researcher Sandeep Hodkasia found unencrypted visitor data that got exposed owing to a bug in the check-in app on WeWork India's website. The vulnerability exposed visitors' names, phone numbers, email addresses and selfies
When it comes to investing, financial planning, it may not always be a good idea to listen to your parents
To help create a balance, ET Wealth has spanned the gamut of financial concerns, from investment to insurance to loans, and have considered parental advise. Is it likely to fall short or prove useful? Read on to find out which suggestions to accept and where to draw the line.
How govt pensioner can switch from fixed medical allowance to OPD facility
According to the new instructions, if a pensioner or family pensioner receiving FMA wants to use the CGHS OPD facility, he or she should apply to the pension disbursing bank for FMA cancellation.
Guidelines on fees for 50 pc seats in private medical colleges to be effective from next academic session
According to section 10(1)(i) of the National Medical Commission (NMC) Act, 2019, the panel shall frame guidelines for the determination of fees and all other charges for 50 per cent of the seats in private medical institutions and deemed-to-be universities governed under the provisions of this legislation.
Procter & Gamble extends medical, workplace benefits to partners of LGBTQ+ employees
Partners of LGBTQ+ employees will now be covered under Procter & Gamble’s medical plan that provides hospitalisation coverage to employees and their dependents. LGBTQ+ employees can also avail emergency financial assistance for their partners.
Dominican court grants bail to Mehul Choksi on medical grounds, allows him to go to Antigua
On May 23 this year he went missing under mysterious circumstances and was subsequently found in Dominica, where he is facing charges of illegal entry.
Tax optimiser: Why software engineer Menon should replace LTA, opt for NPS benefit to cut tax
Pune-based software engineer Vijay Menon should ask his company to replace the taxable medical allowances in his salary with tax-free perks such as newspaper allowance. The leave travel allowance should also be replaced.
Tax optimiser: Bose can cut tax by Rs 1.5 lakh via rent to mother, NPS
Bose lives in his mother’s house and pays a nominal rent to her. Though his HRA is Rs 3.16 lakh, he claims exemption for only Rs 1 lakh (Rs 8,300 per month) as he is not sure of the tax implications for his mother. Since she is a senior citizen with no other income, he can pay her up to Rs 4 lakh a year.
India may allow export of N-95 masks
Exports were banned in February amid the Covid-19 pandemic even as the government gradually removed restrictions on most personal protective equipment (PPE), including clothing and masks used in healthcare activities where there is risk of contamination.
Tax optimiser: IT professional Agarwal has limited scope to cut income tax
Pune-based IT professional Girish Agarwal utilises most of the income tax deductions available to him and his salary structure is also quite tax-friendly Due to this, there is not much of a scope to further reduce his income tax liability.
Govt allows export of 50 lakh PPE medical coveralls per month
“Boosting Make in India exports, Personal Protection Equipment (PPE) medical coveralls for COVID-19 have been allowed with a monthly export quota of 50 lakh,” said commerce and industry minister Piyush Goyal in a tweet. The Directorate General of Foreign Trade (DGFT) amended the export policy “to the extent that PPE medical coveralls…are now restricted for exports”.
Tax optimiser: IT Professional Agarwal can cut tax by Rs 26,000 via health insurance, perks
ET Wealth tells readers how they can optimise their tax by rejigging their income and investments.
DHFL not to accept deposits, or allow premature withdrawals
The decision comes just after rating agency CARE downgraded DHFL’s fixed deposit programme worth Rs 20,000 crore from A to BBB-.
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