by AIP Online Bureau | Feb 27, 2023 | Articles, Eco/Invest/Demography, Pension & Social Security, Wealth Management/ Philanthropy, Workplace/Employee Benefits
An impending challenge employees or workers may face in India, is the risk of inadequate pension arrangements after retirement from work. As a fallout, individuals may either be required to put severe curbs on their post-retiral expenses or continue working beyond the...
by AIP Online Bureau | Feb 10, 2023 | Eco/Invest/Demography, Indian News, Policy
Nirmala Sitharaman,Finance Minister Sitharaman said the new tax regime announced in the Budget is ”very attractive” as the tax exemption limit has been hiked to Rs 3 lakh, from Rs 2.5 lakh earlier. Besides, a standard deduction of Rs 50,000 too has been...
by AIP Online Bureau | Feb 4, 2023 | Eco/Invest/Demography, Indian News, Policy
Sanjay Malhotra,Revenue Secretary “I would also like to point out that the savings through tax exemptions is actually a very small portion of the total savings of our country, which are about Rs 25 lakh crore for households. Savings through tax (saving)...
by AIP Online Bureau | Feb 2, 2023 | Eco/Invest/Demography, Indian News, Policy
Union Finance Minister Nirmala Sitharaman In what is being seen as a push for the salaried class to switch to the new tax regime where no exemptions on investments are provided, the finance minister in her Budget for 2023-24 allowed a standard deduction of Rs 50,000...
by AIP Online Bureau | Feb 1, 2023 | Eco/Invest/Demography, Indian News
Some budgetary announcements is negative for life insurance companies– as it will impact savings products which are usually high value and margin products (though not protection). However, smaller policies remain unaffected. Overall a negative for life insurance...
