In a significant move towards women’s empowerment, the Delhi government has approved the Mahila Samriddhi Yojana. The scheme aims to provide financial assistance of ₹2,500 per month to eligible women, fulfilling a key election promise made by the ruling Bharatiya Janata Party (BJP). Announced on International Women’s Day, the initiative has been allocated a budget …
Gifting money or property to family members is a common practice in India, but many individuals are unsure about the tax implications of such transactions. If you receive a monetary gift of ₹25 lakh from your parents, do you have to pay tax on it? Let’s break down the rules under the Income Tax Act. …
On March 8, 2025, coinciding with International Women’s Day, Odisha Chief Minister Mohan Charan Majhi disbursed the 2nd instalment of the state’s flagship Subhadra Yojana. A total of ₹5,000 crore was credited to the bank accounts of 1.18 crore women beneficiaries during a special event in Berhampur’s Ambapua. Each woman received ₹5,000, the 2nd instalment …
The Jharkhand Mukhyamantri Maiya Samman Yojana is a state-run financial assistance program aimed at empowering economically weaker women. Under this scheme, eligible women receive ₹2,500 per month, directly transferred to their Aadhaar-linked bank accounts. The initiative is designed to enhance financial stability and support daily expenses for women across the state. Maiya Samman Yojana: Overview …
Investing in mutual funds can feel like riding a rollercoaster due to market ups and downs. However, experienced investors know that patience and consistency are key to building long-term wealth. Just like a small seed grows into a big tree, regular investments through Systematic Investment Plans (SIPs) can help your money grow significantly over time. …
When you think about withdrawing money from your Employees’ Provident Fund (EPFO) in India, long queues, complicated paperwork, and frustrating delays likely come to mind. However, that could soon change with the introduction of EPFO 3.0. Union Labour Minister Mansukh Mandaviya recently announced this upgrade, promising a banking-like experience for EPFO members. This move aims …
The Employees’ Provident Fund Organisation (EPFO) has announced key changes to the Employees’ Deposit Linked Insurance (EDLI) Scheme, aimed at improving financial security for families of EPF members. These updates were introduced during the 237th meeting of the Central Board of Trustees (CBT) on February 28, 2025. Key Changes in EDLI Scheme 1. Minimum EDLI …
March is a crucial month for financial planning, with several important deadlines for tax-saving investments, income tax return updates, and special fixed deposit (FD) schemes. Staying informed can help individuals make smart financial decisions before the month ends. Tax-Saving Investments Under Section 80C, 80D, and 80G For those opting for the old tax regime, March …
Starting a business often requires financial backing, but many aspiring entrepreneurs struggle due to a lack of funds. Recognising this challenge, the Uttar Pradesh government has introduced the CM Yuva Udyami Yojana (Chief Minister’s Young Entrepreneur Development Campaign), offering interest-free loans of up to ₹5 lakh to young individuals looking to establish their businesses. Scheme …
As Holi approaches, central government employees and pensioners await an official announcement regarding a Dearness Allowance (DA) and Dearness Relief (DR) hike. The government revises these allowances twice a year, in January and July, to help offset inflation. While the January revision is usually announced around Holi, the July revision is typically declared near Diwali. …
