Economy

Fighting pile-up: Govt to move Supreme Court for bulk disposal of tax disputes

Revenue secretary Ajay Bhushan Pandey says apex court rulings will be sought on 20 identified issues that are central to 80% of tax litigation

Markets

Coronavirus spread: Global sell-off hits Indian equities

The Sensex closed 1.96% down at 40,363.23 while the broader Nifty closed the session down 2.08% at 11,829.40. News
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Strengthening US-India bilateral ties: Growth is not limited to IT companies or manufacturing sectors

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India must create a policy framework to address all aspects of blood availability and safety

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Data fundamentalism: The rise of data self-censorship thresholds in India

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Andhra Pradesh’s law providing for quick trial and death penalty in rape cases is hardly the right solution

Fool’s gold: UP didn’t find gold; but top global miners could fix that

Climate data show the world could be sprinting into an inferno

2008 once more? The world may be headed for another global economic crisis

Suffocating a big-bang reform: MPC is becoming a sideshow as RBI reverts to a version of the old

Centre urges Bengal to join flagship PM-Kisan scheme for benefit of 70 lakh farmers

Your Queries: Mutual Fund units can be transferred to nominee after death of unitholder

India's domestic natural gas prices set to nearly halve to 10-year lows of $2

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National Pension System: What happens to your pension if no NPS annuity provider is selected?

National Pension System, NPS, New Pension Scheme, defined benefit pension, defined contribution pension, annuity service providers, annuity options, default ASP, default annuity option, PFRDA, IRDAI, life insurance company, LIC News

RBI's new moto 'cash is king, but digital is divine'

demonetisation, cash transactions, digital payments, Notes in circulation, currency in circulation, CIC, coins in circulation, digitaisation, blackmoney, Reserve Bank of India, RBI, Indian economy, GDP growth News

ESIC Special Service Fortnight 2020: From payment of cash benefits to redressal of public grievances - Check offers

Employee State Insurance Corporation Scheme: Avail the benefits of ESIC Special Service Fortnight The Employee State Insurance Corporation Scheme (ESICS) provides members financial protection in case of an unfortunate health-related eventuality. The scheme offers medical benefits, maternity benefits, unemployment allowance, disability benefits, etc. The Employees’ State Insurance Act, 1948 (ESI Act), incorporates health-related eventualities which workers are exposed to on a daily basis, including any type of sickness, maternity, temporary or permanent disability, diseases contracted from a workplace, death due to employment, or any type of injury that results in the loss of wages or earning capacity. What does the scheme offer? When a company employs has 10 or more employees, it is mandatory for that company to register with the ESIC. Under such a company, an employee earning less than Rs 21,000 per month contributes 1.75 per cent of their salary towards the ESI whereas the employer pays 4.75 per cent towards the ESI making a total of 6.5 per cent. ESIC Special Service Fortnight Avail the benefit of ESIC Special Service Fortnight from 24th February 2020 to 10th March 2020, the ESIC scheme will offer special benefits. It includes; • Health check-up camps daily, for ESI beneficiaries • Spot redressal of public grievances at ESIC offices/hospitals • Distribution of health passbooks at the venue of the camps • Mock fire drill at all ESIC hospitals on 6th March 2020 • Special camps at ESIC office/hospitals for payment of cash benefits and clearance of pending bills of IPs and channel partners of ESIC New initiatives under special service fortnight The monthly contribution has been reduced from 4.75 per cent to 3.25 per cent for employers and from 1.75 per cent to 0.75 per cent for employees. Under the scheme ‘seva setu Kendra’ will be opened for availing health care services and cash benefits. Major benefits of this scheme include - 1. Medical benefits, wherein the ESIC takes care of an individual's medical expenses by providing reasonable medical care, in case of any untimely health-related eventuality. 2. In case a temporary disablement of an employee, the scheme ensures monthly wage is paid to that employee for the period of the injury. In the case of permanent disablement, the employee will be paid for the remainder of the employee's life. 3. In terms of maternity benefits, ESIC provides the average daily wages to the employee for a period of up to 26 weeks from the time of going into labor and 6 weeks in case of a miscarriage. 4. Other benefits include sickness benefit, unemployment allowance, dependent's benefit, confinement expenses, funeral expenses, physical rehabilitation, vocational training, and skill upgradation training under Rajiv Gandhi Shramik Kalyan Yojana (RGSKY) News

Earning Rs 6 lakh, Rs 8 lakh, Rs 10 lakh or Rs 12 lakh? Pay this tax without deductions

new tax regime vs old tax regime calculator News

Why Health Insurance is the need of the hour for you and for your family

Coronavirus, Health Insurance, Critical Illness Cover, Health Insurance Benefits, In-patient Hospitalization, Cashless claim, lifestyle diseases, IRDA News

DIY Mutual Fund investing: Key things to keep in mind before starting SIP yourself

mutual fund, MF, mutual fund sahi hai, AMFI, Association of Mutual Funds in India, Do It Yourself investment, DIY investment, financial planning, systematic investment plan, SIP, equity MF, market risk News

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