Page 6 - Harsh Kumar

Tax clarity for govt staff, DFS releases FAQs on Unified Pension Scheme

The FAQs confirm that the tax incentives applicable to the National Pension System will also extend to UPS, providing certainty to government employees under the new framework

Public-sector banks turn down nearly four in 10 rooftop solar applications

Over 3 lakh applications rejected under PM-Surya Ghar Muft Bijli Yojana; 1.6 million rooftop solar installations completed so far, with CIBIL score cited as key filter

Trump tariff risks cast shadow on rural income outlook: Nabard survey

In July, the same survey showed that almost 75 per cent of rural households expected their incomes to rise in the next one year, which has now come down to 72.8 per cent in September

No stops to the sops: A look at promises and more ahead of Bihar polls

Homework done, both NDA and INDIA are racing to woo marginalised groups with Assembly polls fast approaching. Harsh Kumar and Archis Mohan take a look at the promises, and more

PFRDA proposes NPS exit, withdrawal rule changes; seeks feedback by Oct 17

PFRDA has proposed amendments to NPS exit and withdrawal rules, including redefining exit, higher lump sum limits, revised partial withdrawals and financial assistance options

PM Vishwakarma Scheme: PSBs disbursed loan in 1 of 4 applications till Aug

The scheme - launched in 2023 on the birthday of PM Modi to provide financial support and skill development to artisans in informal sector - has received 1.2 mn applications by PSBs till August 2025

PFRDA to introduce multiple scheme framework for NPS from October 1

From October 2025, NPS subscribers in the non-government sector can hold multiple schemes under one PRAN, with equity options up to 100 per cent and PAN-based consolidated reporting

Finance ministry flags low PSB credit to labour-intensive sectors

The official further added that the advances to agriculture and retail sectors touched 92 per cent and 98 per cent respectively for below the Rs. 10 crore loans category

Financial inclusion drive opens 6.1 million Jan Dhan accounts in 2.5 months

The Finance Ministry said its three-month financial inclusion drive has opened 6.1 million Jan Dhan accounts, 26 million social security enrolments and updated crores of inactive accounts

Govt extends UPS option for staff who joined April-August 2025 till Sept 30

The Finance Ministry said central staff who joined service between April 1 and August 31, 2025 can now opt for UPS instead of NPS, with flexibility to return later if they wish

Launch campaigns on GST reforms' benefits, DFS secy tells insurers

DFS Secretary M Nagaraju urged insurers to launch outreach campaigns to publicise GST exemption on life and health policies and ensure benefits reach policyholders

PSBs must emerge as global champions in Viksit Bharat 2047 vision: DFS Secy

The two-day programme, organised by DFS, brought together top policymakers, regulators, technologists and banking practitioners

Call for paring govt stake in public sector banks, greater board autonomy

The discussion also touched upon the objective of ensuring that at least two public sector banks feature among the world's top 20 banks

Glitter to gloom on the brass lanes as export orders dry up ahead of Diwali

Strap: In the aftermath of the US tariff, a ground report from Moradabad brings out the new realities of Peetal Nagri

Next-gen public-sector banks on agenda as two-day Manthan begins

Focus on cybersecurity, customer experience, scaling strategies

NaBFID to submit infrastructure financing report to DFS within 15 days

NaBFID will consult stakeholders and submit a report to the Department of Financial Services in 15 days after a meeting chaired by DFS Secretary M Nagaraju with top banks and DFIs

Amazon Pay India CEO bats for balanced MDR to support stakeholders

Bansal emphasised that the structure and rates of MDR should not be arbitrary but carefully crafted through consultation between the regulator and the industry

PSBs must marry innovation with trust, says SBI chairman CS Setty

SBI Chairman Challa Sreenivasulu Setty says PSBs must combine innovation, resilience and trust to stay competitive as digitalisation, fintech and cybersecurity reshape banking

PSBs shut 1.5 mn inoperative Jan Dhan accounts in 1-time exercise in April

Launched in August 2014, PMJDY was launched by Prime Minister Narendra Modi as a financial inclusion programme to provide access to banking services to a vast unbanked population

Govt may line up four schemes to soften Donald Trump's tariff blow

Cabinet likely to take up proposal on Wednesday