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    WELLNESS SCHEMES

    Army shouldn't be involved in politics: Former IAF chief RKS Bhadauria slams Rahul Gandhi

    Former Indian Air Force chief and BJP leader RKS Bhadauria criticised Congress leader Rahul Gandhi for questioning the Agniveer scheme and demanded an apology for accusing Defence Minister Rajnath Singh of lying about compensation to the family of Agniveer Ajay Kumar. The Indian Army clarified that Ajay's family has received Rs 98.39 lakh of the due compensation and will receive a total of Rs 1.65 crore. Bhadauria defended the scheme's training quality and urged youth to join without being misled.

    Gokaldas Exports MD on PLI scheme, export growth and organic growth expected in ‘24

    Gokaldas Exports focuses on women's fashion, outerwear, and sportswear. They will continue to focus on those segments and are seeing growth across all of these product categories.A 15% growth should be possible organically, that is how the company management is looking at the business unfolding over the next two to three years.

    What to expect from real estate and infra sector in upcoming Budget? Keki Mistry answers

    Well, I think the focus will be on affordable housing in my opinion and there will some scheme or the other that will come up for the affordable housing segment.

    Who is Rishi Shah: The man who defrauded Goldman Sachs, Google of $1 billion

    Rishi Shah, co-founder of Outcome Health, has been sentenced to seven and a half years in prison for orchestrating a $1 billion fraud scheme involving his healthcare advertising startup. The case has impacted major investors and drawn attention to corporate accountability.

    Sebi proposes mutual fund lite norms for passively managed mutual fund schemes

    Passively managed MF schemes replicate an underlying index such as ETFs and index funds where portfolios of index funds can be easily tracked. Active fund schemes requires expert fund managers who define investment philosophy and select securities.

    Sebi proposes MF Lite norms for passively managed mutual fund schemes

    Markets watchdog Sebi on Monday proposed a relaxed regulatory framework for the passively managed mutual fund (MF) schemes in a bid to reduce compliance requirements.

    • PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi, NSC, other small savings schemes' rates announced for July-September 2024 quarter

      Latest Post Office Schemes interest rates: The government has announced that it will keep the interest rates unchanged for small savings schemes for July-September 2024. These schemes include the Public Provident Fund, Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposits (POTD), Mahila Samman Savings Certificate, and Post Office Monthly Income Scheme (POMIS).

      How to save Rs 91,000 in tax using NPS, salary perks

      Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.

      UP govt to promote Centre's rooftop solar subsidy scheme in Ayodhya, Varanasi and Gorakhpur

      The campaign for PM Surya Ghar Yojana in Uttar Pradesh targets Ayodhya, Varanasi, and Gorakhpur. It aims to boost solar energy use through a comprehensive approach and public engagement at educational institutions.

      Govt’s infrastructure focus makes sector funds a compelling choice

      With the National Democratic Alliance (NDA) returning to administration for a third consecutive term and the 2024 Union Budget round the corner, analysts expect the government to retain focus on the infra sector with a sustained budgetary allocation.

      Quant Mutual Fund schemes NAV falls after Sebi investigation

      The markets regulator, Sebi, is investigating a suspected case of front-running involving Quant MF, which manages assets worth Rs 93,000 crore. This has raised concerns among numerous investors about the security of their investments.

      Quant Mutual Fund added 27 stocks to its portfolio in May. Do you own any?

      Quant Mutual Fund is under Sebi inquiry for suspected front-running, leading to search and seizure operations in Mumbai and Hyderabad.

      GST council has taken some far-reaching steps: Pratik Jain, PwC India

      The GST on petrol and diesel and all the passenger fuels will take a lot of time. GST on ATF and natural gas could come in hopefully soon, but for other petroleum products like petrol and diesel and other passenger fuels, where a lot of revenue is involved, it will take some time, says Pratik Jain, Partner, PwC India

      States seek infra, rural push in pre-budget meet with FM Sitharaman

      States presented demands for higher special assistance, increased allocations for rural schemes, and support for housing programmes to Finance Minister Nirmala Sitharaman in the pre-budget meeting. Sitharaman highlighted the Centre's aid to states through timely tax devolution and release of GST compensation arrears. Andhra Pradesh requested central funds for various projects and initiatives, including the development of Amaravati as its capital.

      India's social welfare schemes don't speak to each other: Andaleeb Rahman, Cornell University academic

      Prime Minister Narendra Modi initiated the transfer of funds for PM-Kisan and approved housing assistance under Pradhan Mantri Awas Yojana. In 'The Future of India’s Social Safety Nets,' Andaleeb Rahman and Prabhu Pingali advocate for a systemic approach to social welfare programs.

      Stable government, good rains augur well despite costly cocoa: Mondelez

      Mondelez Foods, known for Cadbury and Oreo, anticipates recovery in India due to a good monsoon and stable government. However, record cocoa prices may affect pricing and demand, says Samir Jain, Mondelez India's president.

      Congress: Nothing short of scrapping Agniveer scheme will do

      The Opposition party hardening its stand, incidentally with an eye on the upcoming assembly polls in Haryana and Maharashtra, coincides with reports about deliberations within the government to review and modify the scheme.

      Congress demands rollback of Agnipath scheme, seeks regular recruitment in army

      Congress leader Deepender Hooda called for the abolition of the Agnipath scheme and urged the government to revert to permanent recruitment in the armed forces. Citing internal reports highlighting flaws in Agnipath, including morale decline and recruitment concerns, Hooda emphasized that the scheme is not beneficial for youth or national interests.

      Avalara's strategy to expand in India aligns well with the country's export ambitions: Anil Paranjape

      By leveraging technology, Avalara says businesses can focus on their core operations without being bogged down by the complexities of cross-border tax compliance.

      PM Modi shows rural bent, OKs ₹20kcr for PM Kisan Nidhi Scheme

      The Prime Minister approved the 17th instalment of the PM Kisan Nidhi Scheme, benefiting 93 million farmers with around ₹20,000 crore. This move is seen as a boost to rural demand and consumer stocks. The new coalition government is expected to focus more on rural welfare, signaling a shift towards consumption-focused policies. Rural markets have shown growth, outpacing urban markets for the first time in five quarters, indicating a positive trend for the FMCG sector. The PM emphasized the government's commitment to farmer welfare and agriculture.

      Rashtrapati Bhavan gears up for Modi’s swearing-in today

      India's Prime Minister, Narendra Modi, will be sworn in for a record-equalling third term on Sunday. The ceremony will take place at Rashtrapati Bhavan, attended by various personalities and overseas leaders. Invitations have been extended to heads of state and government in the region, beneficiaries of central government welfare schemes, and workers engaged in the construction of the Central Vista.

      Modi takes charge as PM; first decision is to release Kisan Nidhi instalment worth Rs 20,000 cr for farmers

      Prime Minister Narendra Modi approved the 17th instalment of the PM-KISAN scheme on Monday, marking his first act after his third consecutive swearing-in. The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), launched in 2019, provides ₹6,000 annually to eligible farmers, disbursed in three instalments of ₹2,000 each, directly to their bank accounts.

      Demand under rural jobs scheme eases again in May

      Demand for work under India's rural job guarantee scheme, MGNREGS, dropped for a seventh consecutive month in May, signaling improved economic conditions at the start of the fiscal year. About 37.46 million individuals sought work, down 12.1% from the previous year, with 27.18 million households seeking work, a 14.3% drop. The trend is attributed to better-paying job opportunities and the impact of heat waves across the country, although the data is subject to revision.

      Banks should still do quite well in long term: Prashant Jain

      I think the markets have moved beyond that phase where they used to differentiate between PSUs and private. So, I think businesses are now getting discounted or they are trading as per the underlying fundamentals which I think is very good. So, I think while we still talk in terms of PSUs, non-PSUs, but markets are not differentiating between public and private enterprises anymore.

      Congress leader Rahul Gandhi writes to Prez Droupadi Murmu on Agnipath scheme, urges her to intervene

      Congress leader Rahul Gandhi on Saturday wrote to President Droupadi Murmu against the Agnipath scheme, alleging there is "discrimination" in the nature and extent of benefits given to the families of slain soldiers. Urging the president to intervene, Gandhi said an "exception is warranted in this case" as she is the Supreme Commander of the Armed Forces of India and the issue affects national security.

      FAME 3 likely to be rolled out soon with Rs 10,000 crore outlay

      The third edition of the Modi government's FAME scheme, worth Rs 10,000 crore, will focus on electric two-wheelers, three-wheelers, and government buses. The inclusion of electric cars for institutional buyers like taxi aggregators is undecided.

      When INDIA bloc gets mandate, we'll deliver by implementing 'Paanch Nyay Pachees Guarantee': Congress

      As the Siddaramaiah-led government marked one year in office, Congress affirmed its fulfillment of all pledges to Karnataka's populace. Congress General Secretary Jairam Ramesh assured delivery on 'Paanch Nyaya Pachees Guarantee' once INDIA bloc secures victory on June 4

      Companies knowingly violated FAME subsidy scheme, finds panel

      The report, submitted by the panel earlier this month, counters findings of an earlier probe by a joint secretary in the Ministry of Heavy Industries (MHI) that said some key terms in the FAME were not clearly defined.

      Maharashtra: Government hospitals gear up to outsource critical services

      Government hospitals in Maharashtra collaborate with private firms to introduce advanced diagnostic services. District hospitals play a crucial role in providing free treatments for various ailments. Meanwhile cardiac cath labs, and 10-year agreements aim to improve healthcare accessibility. Private players to operate MRI and CT scan facilities, billing at CGHS rates.

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