-Livemint.com As of 31 March, the total outstanding term deposits with banks in rural India contracted by 1.05% to ₹6.99 trillion from a year earlier Every three months, the Reserve Bank of India (RBI) declares region wise data for term deposits. As of 31 March, the total term deposits of commercial banks in India rose 8.42% to ₹86.4 trillion from a year earlier. Term deposits are money that depositors keep in a bank...
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G7 Corporate Tax Deal -- Setting the Bar Too Low? -Shinzani Jain
-Newsclick.in Finance ministers from G7 countries have agreed on a deal to check tax avoidance by the biggest multinational conglomerations. How the G20 reacts to this accord and how these plans are implemented, remains to be seen. A recent report by ProPublica has revealed how multibillionaires from the US, including Amazon’s Jeff Bezos, Tesla’s Elon Musk, Microsoft’s Bill Gates and Facebook’s Mark Zuckerberg, among others, have managed to avoid paying federal taxes...
More »COVID-19 in UP: No Food, No Money, No MGNREGA Work, Second Wave Forcing Migrant Workers to Die by Suicide -Abdul Alim Jafri
-Newsclick.in According to union leaders, due to the panchayat polls from April to May in Uttar Pradesh, there was a halt in MGNREGS work, and the demand for labourers further slumped due to the complete lockdown that followed soon after. Lucknow: Brindaban Banjara (40), a security in-charge at Paragon footwear in Nangloi area of Delhi used to earn Rs 22,000 per month before the pandemic hit. But, within a span of three...
More »Will You Ask Patients To Wait For Oxygen, Court Slams Centre -Arvind Gunasekar
-NDTV.com As the Delhi government said it had logged a record 32,000 cases in a single day yesterday, the High Court also raised questions on the Centre's distribution policy on oxygen and vaccines. New Delhi: Taking up allegations of oxygen shortage and discrimination in resources leaving Delhi hamstrung in its Covid fight, the High Court said today if medicines were not being sent to places that really needed them, "blood is on...
More »No annuity rider, NPS subscribers get ₹5 lakh exit option
-The Hindu Admitting that annuities now fetch paltry pensions, regulator says investors can withdraw the corpus The National Pension System (NPS) will no longer compel investors to convert 40% of their accumulated retirement corpus into an annuity, as poor yields on annuities and high inflation are translating into negative returns, the Pension Fund Regulatory and Development Authority (PFRDA) Chairman, Supratim Bandyopadhyay, said on Thursday. The regulator will issue fresh rules to soon allow...
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