Income Schemes

Over ₹3.25 trn deposited in banks under Sukanya Samriddhi scheme: PM Modi

Prime Minister Narendra Modi on Wednesday said more than four crore accounts have been opened under the Sukanya Samriddhi scheme so far and more than Rs 3.25 lakh crore has been deposited in these accounts. In his address at the birth centenary celebrations of Sri Satya Sai Baba, Modi also said in Indian tradition, cows are considered a symbol of life, prosperity and compassion as they help in the financial, nutritional and social well-being of these families. "Ten years ago, the Indian government started the Sukanya Samruddhi Yojana for the education and betterment of daughters. This is one of the plans of the country in which our daughters get the highest interest rate of 8.2 per cent. So far, more than four crore accounts have been opened under the Sukanya Samruddhi Yojana. And you will be happy to know that more than Rs 3.25 lakh crores has been deposited in these bank accounts," Modi said. On cow protection, Modi said a few years ago, under the National Gokul Mission, more th

Govt keeps interest rates on small savings schemes unchanged for Q2

The government on Monday left interest rates unchanged for various small savings schemes, including PPF and NSC, for the sixth straight quarter beginning July 1, 2025. "The rates of interest on various Small Savings Schemes for the second quarter of FY 2025-26 starting from 1st July, 2025 and ending on 30th September, 2025 shall remain unchanged from those notified for the first quarter (1st April, 2025 to 30th June, 2025) of FY 2025-26," the finance ministry said in a notification. As per the notification, deposits under the Sukanya Samriddhi scheme will attract an interest rate of 8.2 per cent, while the rate on a three-year term deposit remains at 7.1 per cent prevailing in the current quarter. The interest rates for popular Public Provident Fund (PPF) and post office savings deposit schemes, too, have been retained at 7.1 per cent and 4 per cent, respectively. The interest rate on the Kisan Vikas Patra will be 7.5 per cent, and the investments will mature in 115 months. The ..

Real wages rose most for managers, declined for clerks: CSEP study

Between 2017-18 and 2023-24, managers saw the highest real wage growth while clerks and graduates experienced wage decline, shows CSEP paper based on NSO data

Singapore to block Allianz deal for income but open to new offer, says PM

Culture, Community and Youth Minister Edwin Tong had earlier told parliament it would not be in the public interest for the government to approve the deal in its current form

Rural households' indebtedness rose between 2016-17 and 2021-22: Nabard

The average monthly expenditure of rural households also increased during the five years from Rs 6,646 in 2016-17 to Rs 11,262 in 2021-22

South Korea's Prez pledges urgent reform of $830 bn public pension fund

Yoon said there had been a loss of confidence in the pension system across generations

Lower-middle-income trap

Without structural transformation in India's workforce, growth will necessarily sputter in the future

Apr 1, FY25: Income-tax slab to NPS, full list of updated rules from today

Read on to know about the changes affecting your tax regime, National Pension System, EPFO, insurance, and mutual funds starting today

Centre recruits nearly 700,000 in 11 'rojgar melas' during Oct 22-Nov 23

Santosh Mehrotra, visiting professor, University of Bath, says recruiting close to 300,000 people in less than a month is highly unlikely as the process can be a long-drawn process

Why income support schemes tend to elude tenant farmers: Grassroots studies

PM-Kisan is a central government scheme of 2018 that gives Rs 6,000 a year as minimum income support to small and marginal farmers

Salary, fee or business gains? Type of moonlighting income decides taxation

The taxman, unlike your employer, knows about your moonlighting income via TDS, so disclose it accurately

More than Rs 40,700 crore sanctioned under Stand-Up India Scheme in 7 years

The scheme aims to promote entrepreneurship at the grassroot level focusing on economic empowerment and job creation and has been extended up to the year 2025

Tata AIA Life premium income rises 23% to Rs 5,255 crore in H1 FY22

The insurer had a total premium income of Rs 4,269 crore during the first half of FY21

Railways generates Over 1 mn man-days of work Garib Kalyan Rozgar Abhiyaan

Around 164 railway infrastructure projects are being executed in these states, according to a statement from the Railways said

IMF says India needs another fiscal stimulus, income support to fight Covid

In the short term, a detailed well communicated and credible medium-term fiscal consolidation plan is also important, alongside an increase in fiscal transparency, IMF said

Income schemes was the worst-performing mutual fund category in FY19

The change in asset mix meant that equity schemes emerged as the largest category at the end of the financial year