If you are a risk-averse investor and have been banking on small savings schemes for the purpose of saving and investment as well as building your retirement nest egg, then there is some bad news for you. For, the government has reduced the return on small savings schemes – including Public Provident Fund (PPF), NSC, Kisan Vikas Patra and Senior Citizen Savings Scheme – by 10 basis points. Following these reductions, the interest rate on PPF is now 7.8 per cent, 5-year Senior Citizen Savings Scheme 8.3 per cent, Kisan Vikas Patra 8.5 per cent and NSC 7.8 per cent.
Monthly Archive: July 2017
It was a big bonanza to 48 lakh central government employees when the Union Cabinet on June 28 approved recommendations of 7th Central Pay Commission. The increased allowances, which comes into effect from July 1, 2017, is based on the recommendations of the Committee on Allowances (CoA). Briefing the media after the Cabinet meeting, Finance Minister Arun Jaitley said the modifications are based on suggestions made by the CoA in its report submitted to the Finance Minister on April 27, and the Empowered Committee of Secretaries set up to screen the recommendations of the 7th Pay Commission.
Twitter has been the space for quirky comments on big events. Here are some tweets about the GST rollout on July 1st that you shouldn’t miss.
After much delay, the Delhi Development Authority launched its housing scheme on Friday. There are 13,000 flats on offer which will be allotted through a draw of lots.
Performances by DJ Viru and qawwali by Yousuf Khan Nizami is scheduled to be held in the next two days.
New Delhi: Yellow, red, and green – the various colours of mango have started attracting its lovers to the 29th Mango Festival at Dilli Haat in Janakpuri. The three-day annual festival kickstarted on Friday for Delhiites to indulge in mango mania.
CAN A builder be held responsible for unfair trade practices if the representative company does not provide possession of an apartment despite executing an agreement and collecting charges? Yes, said the Delhi State Consumer Disputes Redressal Commission while directing a realtor to refund more than Rs 65 lakh besides slapping a fine of Rs 20,000 on him for not providing an apartment to a consumer within the stipulated time. Citing a legal principle, the commission – headed by member Anil Srivastava – said the national consumer commission had on September 19, 2014, ruled that "the act of a builder in not handing over possession of the edifices, even after collecting total charges and executing the agreement, amounts to deceptive practice, and in turn, amounts to unfair trade practice".
A Delhi Police sub-inspector and three BSES employees were injured by a group of people who pelted stones at them in outer Delhi’s Ranhola. According to police, a BSES team, accompanied by police, was conducting a raid to check power theft in the area on Thursday. A case has been registered and two persons have been arrested in connection with the attack, police said. Confirming the incident, DCP (outer) M N Tiwari said the two accused have been identified as Hari Prakash Lakra and Jogender Lakra. He added that the other accused are absconding.
The much-awaited ‘DDA housing scheme 2017’ offering 12,072 flats in the Capital was launched by union urban development minister M Venkaiah Naidu on Friday.