In a move that offers much-needed relief to Public Provident Fund (PPF) account holders across India, Finance Minister Nirmala Sitharaman has officially announced that individuals will no longer have to pay any fees to add, update, or remove nominee details in their PPF accounts. The announcement was made via a post on social media platform X and follows a recent government notification that amends the applicable savings rules. Through Gazette Notification 02/4/25, changes have been introduce

In a major immigration reform move, US President Donald Trump has proposed a new visa scheme that offers a 'gold card' residency permit to foreigners willing to invest $5 million in the United States. This initiative aims to attract “brilliant, hardworking, job-creating people” while generating significant government revenue to balance the federal budget. Described as “like the green car

The Central Pension Accounting Office (CPAO) has issued fresh guidelines to streamline the pension disbursement process for retirees under the National Pension System (NPS). The new instructions aim to ensure that pensioners receive their dues on time without unnecessary delays. In a memo dated March 12, 2025, the CPAO emphasized the need to follow the same procedural framework as the Old Pension Scheme (OPS) to avoid errors. The CPAO’s latest reminder follows an earlier directive issue

Post Office Savings Schemes remain one of the most trusted investment options in India, offering secure returns backed by the government. Many of these schemes not only provide financial security but also offer tax benefits under Section 80C of the Income Tax Act, 1961. Investors can claim a tax deduction of up to ₹1.5 lakh per financial year when investing in these schemes, making them an attractive option for tax planning.However, these deductions are applicable only under the old tax reg

The Indian government is working on refining the Production-Linked Incentive (PLI) scheme to increase local value addition and export-driven growth in key industries. While the scheme has successfully attracted investment across multiple sectors, officials believe that further improvements are needed to address import dependency and enhance India's global manufacturing competitiveness.Since its launch in April 2020, the PLI scheme has been instrumental in drawing substantial investments i

The Andhra Pradesh government, led by Chief Minister Chandrababu Naidu, has presented a record-breaking budget for the financial year 2025-26. With an overall outlay of ₹3.22 lakh crore, this is the first time in the state's history that the budget has surpassed the ₹3 lakh crore mark. Finance Minister Payyavula Keshav introduced the budget in the Andhra Pradesh assembly, outlining major allocations aimed at boosting welfare programs, infrastructure, agriculture, and social developmen

The National Pension Scheme (NPS) is a government-backed retirement savings initiative designed to provide individuals with long-term financial security. With its tax benefits and flexible investment options, NPS is an attractive choice for those looking to systematically build a pension corpus. One of the most convenient ways to contribute to NPS is through a Systematic Investment Plan (SIP), which allows individuals to invest small amounts regularly, ensuring a d

Former Delhi Chief Minister and AAP leader Atishi has accused the newly formed BJP government of failing to fulfill its pre-election promise of providing a Rs 2,500 monthly allowance to women in its first cabinet meeting. In a video posted on X, she criticized the BJP for allegedly deceiving the women of Delhi.In response, newly appointed Delhi Chief Minister Rekha Gupta dismissed Atishi’s remarks, stating that the new government would operate on its own terms. "It’s our gove

On Monday, Telangana Chief Minister Revanth Reddy issued directives to ensure free sand supply for houses being built under the state’s ‘Indiramma’ housing scheme, which focuses on providing homes for economically weaker sections. During a review meeting on mines and mineral development, Reddy instructed officials to supply sand at reduced rates for the general public while ensuring that beneficiaries of the housing scheme receive it free of charge.   I

The Employees' Provident Fund Organisation (EPFO) has recently issued 21,885 pension payment orders as part of its ongoing efforts to implement higher pensions under the Employees' Pension Scheme (EPS) 1995. As per Minister of State for Labour & Employment Shobha Karandlaje's written response in Lok Sabha, a total of 17.48 lakh applications were submitted by pensioners and members seeking to increase their pension by making higher contributions.   The EPF

Expansion of China's Trade-In Scheme China is extending its consumer trade-in program, originally launched in March 2024, to help stimulate demand in the struggling household sector. The scheme now includes additional home appliances such as microwave ovens, dishwashers, and rice cookers. In an effort to boost the digital goods market, subsidies are also being offered for products like smartphones, tablets, and smartwatches. Consumers who trade in old products can receive subsidies

The Indian Institute of Technology (IIT) Roorkee has released the admit card for the Graduate Aptitude Test in Engineering (GATE) 2025. Registered candidates can now download their admit cards from the official website, gate2025.iitr.ac.in. GATE 2025 is set to take place on February 1, 2, 15, and 16, 2025, and it will be conducted in computer-based test (CBT) mode across eight different zones. Results are expected to be announced on March 19, 2025. Candidates can follow a simple ste

In 2024, the rural development ministry of India put a strong emphasis on women empowerment, particularly through self-help groups (SHGs). Over 10 crore rural households were mobilized into nearly 91 lakh SHGs, with a large number of women benefiting from various rural development schemes. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has been a major contributor to women's employment, with over 6.7 crore women workers provided employment in the current financial

A shocking case of fraud has come to light in Chhattisgarh's Bastar region, where a man, Virendra Joshi, allegedly opened a bank account in the name of actress Sunny Leone and has been receiving Rs 1,000 every month under the Mahtari Vandan Yojana, a government scheme aimed at providing financial assistance to married women. The fraud was discovered in Talur village, raising serious concerns about the verification process and the accountability of officials handling the scheme.

In its ongoing efforts to reform public policies, the NDA government has now turned its focus on the education sector. Following changes in policies related to sand and liquor, the government is now preparing to revive an initiative aimed at reducing student dropouts in government junior colleges. IT and Education Minister Nara Lokesh has announced plans to reinstate a government-funded mid-day meal scheme, initially introduced by the TDP in 2018. The program was designed to encoura

The National Pension Scheme (NPS) Vatsalya, launched on September 18, 2023, has seen a positive response from Indian parents looking to invest in their children's future. As of November 17, 2023, the scheme has attracted 66,495 subscribers, with Maharashtra leading the pack with 9,219 accounts. Andhra Pradesh and Karnataka follow closely with over 6,500 subscribers each. In total, 18 states have seen over 1,000 accounts opened, demonstrating the scheme’s growing appeal. Th

Government Support for Amaravati Farmers: In a significant move, the Andhra Pradesh government has provided crucial support to farmers in the Amaravati region who donated their land for capital development during the 2014-15 period. The Capital Region Development Authority (CRDA) has deposited funds directly into the accounts of these farmers, ensuring they receive the compensation owed to them. Extended Rent for Contributing Farm

According to a recent survey conducted between August 1 and August 10 across 12-20 districts in Telangana, over 72% of residents expressed satisfaction with Chief Minister A. Revanth Reddy’s Congress government. The survey highlights that the public appreciates the government's effective administration and commitment to welfare and development. Notably, the Congress government has been praised for its free travel scheme for women on RTC buses, which has received an overwhelmingly po

Chief Minister Chandrababu Naidu has responded to a surge of complaints regarding alleged fraudulent activities linked to the previous YCP government’s housing scheme. Many grievances raised during the Praja Darbar program highlight accusations that public representatives under the YCP administration engaged in illicit land grabs under the guise of housing development. This has prompted CM Naidu to direct the vigilance department to conduct a comprehensive inquiry into the transactions