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Launch of NPS Vatsalya: Securing financial future of young citizens

by AIP Online Bureau | Jul 23, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

“The launch of NPS-Vatsalya, allowing parents and guardians to contribute towards minors’ future, is a transformative step. This plan seamlessly converts into a regular NPS account once the minor becomes an adult. Thank you, PM Modi, for your visionary...

FM says will evolve solution on New Pension Scheme to addresses relevant issues

by AIP Online Bureau | Jul 23, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

Deduction of this expenditure up to 14 per cent of salary from the income of employees in private sector, public sector banks and undertakings, opting for the new tax regime, is proposed to be provided New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said a...

Govt announces to remove angel tax on startups for all classes of investors

by AIP Online Bureau | Jul 23, 2024 | Eco/Invest/Demography, Indian News, Technology, Workplace/Employee Benefits

While previously the angel tax — a tax levied on capital received on the sale of shares of a startup above the fair market value — applied only to local investors, the Budget for the 2023-24 fiscal year (April 2023 to March 2024) widened its ambit to...

Budget 2024: FM assures financial support for flood mitigation, irrigation projects

by AIP Online Bureau | Jul 23, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Policy, Risk Management

Assam, which grapples with annual floods caused by the Brahmaputra and its tributaries originating outside India, will also receive assistance for flood management and related projects, Finance Minister Nirmala Sitharaman said New Delhi: Finance Minister Nirmala...

Union Budget 2024: Govt to exempt three more cancer drugs from customs duty

by AIP Online Bureau | Jul 23, 2024 | Health, Indian News, Policy

The three drugs are Trastuzumab deruxtecan, Osimertinib and Durvalumab. The reduction in customs duty may help reduce the financial burden on those battling the deadly disease New Delhi: In a big relief to cancer patients, Union Finance Minister Nirmala Sitharaman,...
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