The central government has launched the Pradhan Mantri Vidyalaxmi (PM Vidyalaxmi) education loan scheme to provide financial assistance to meritorious students seeking higher education. Approved by the Union Cabinet in November last year, this initiative aims to remove financial barriers for students admitted to 860 top Higher Educational Institutions (HEIs) in India. The scheme is …
The 8th Pay Commission is expected to begin its work in April of the financial year 2025-26, according to Expenditure Secretary Manoj Govil. Govil stated that the commission’s terms of reference (ToR) will need approval from the Union Cabinet before proceeding. No Immediate Financial Impact Expected Govil clarified that the government does not anticipate any …
Fixed deposits (FDs) remain a popular investment option in India, especially for those seeking safe and high-yield returns. As of February 5, 2025, more than 20 banks are offering FD interest rates of 8% or higher as per reports. Read More About What is Fixed Deposit (FD)? Top Banks Offering the Best FD Rates Small …
The Universal Account Number (UAN) is a 12-digit unique identifier assigned by the Employees’ Provident Fund Organisation (EPFO) under the Ministry of Labour and Employment, Government of India. The UAN remains constant throughout an employee’s career, ensuring that all provident fund (PF) accounts across different employers are linked under one unique number. This allows for …
The EPFO (Employees’ Provident Fund Organisation) has extended the deadline for activating the Universal Account Number (UAN) and linking bank accounts with Aadhaar to February 15, 2025. This extension allows employees more time to fulfil the mandatory requirements for availing benefits under the Employment Linked Incentive (ELI) Scheme. The announcement was made by the Ministry …
The Maharashtra government has declared over 5 lakh beneficiaries ineligible for the Ladki Bahin Scheme, citing violations of the eligibility criteria. The scheme, aimed at providing financial support to women from low-income families, has specific rules regarding income, vehicle ownership, and family background. Let’s take a look at the eligibility criteria and why these beneficiaries …
As per news reports, Maharashtra plans to review the Mukhyamantri Majhi Ladki Bahin Yojana, a popular government welfare scheme, to ensure that only eligible beneficiaries continue to receive benefits. Eligible women receive a financial benefit of ₹1,500 per month, which is directly deposited into their Aadhaar-linked bank accounts. The scheme targets women in the age …
On January 16, 2025, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved the creation of the 8th Pay Commission to review the salaries of nearly 50 lakh central government employees and allowances for 65 lakh pensioners. Recommendation by National Council The National Council of Joint Consultative Machinery (JCM) Staff Side has submitted its …
The 2025 Budget has revised the income tax structure, increasing the exemption threshold to ₹12 lakh. For salaried individuals, this rises to ₹12.75 lakh with the standard deduction of ₹75,000. These adjustments alter tax liabilities compared to the 2024 framework, making the new regime more advantageous for certain income brackets. Comparing the New and Old …
Personal loans are a great way to acquire a large sum of money in a short span and then pay it off in small monthly instalments. It may be used to pay for your dream wedding, shifting houses, expected medical bills, paying off debt, or any other personal reason. It is different from a home …
