Government clarifies
Hindustan Times|November 12, 2024
The government, on Saturday, clarified that interest in the national savings scheme (NSS) was applicable till 30 September.

This pertains to the NSS1987 that came into force on I April 1987. Fresh deposits under the scheme were discontinued from 1 October 1992. Subsequently, the government launched a new scheme NSS-92, but this too was discontinued after 1 November 2002. The interest applicable on both the schemes was 7.5%, commencing from 1 March 2003 till 30 September 2024.

With reference to an 8 November article in Mint, the finance ministry said it may be noted that these schemes were introduced mainly to defer the tax liabilities in those years.

Bu hikaye Hindustan Times dergisinin November 12, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Hindustan Times dergisinin November 12, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

HINDUSTAN TIMES DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
JSW Gets a Copper Lining to Metals Biz
Hindustan Times

JSW Gets a Copper Lining to Metals Biz

The Sajjan Jindal-led JSW Group has added copper to its metals business, marking its entry into the non-ferrous metals industry and opening up doors to a vast range of consumer applications, including electronics, telecommunications and healthcare.

time-read
1 min  |
December 27, 2024
Hindustan Times Delhi

CID Takes Over 2 New Cases Linked to Murder of Beed Sarpanch

Karnataka, Rajasthan and MP Have Been Given Fortnight to Furnish Their Responses

time-read
2 dak  |
December 27, 2024
Hindustan Times

Govt Mulls Personal Income Tax Cut To Lift Consumption

India is considering cutting income tax for individuals making up to ₹15 lakh ($17,590) a year in February's budget to provide relief to the middle class and boost consumption as the economy slows, two government sources told Reuters.

time-read
1 min  |
December 27, 2024
Hindustan Times

Bank Cyberattacks Surge as Security Deadline Nears

Of all cyber incidents reported by regulated entities during Jan 2019-Mar 2024, 69% were by commercial banks

time-read
3 dak  |
December 27, 2024
AI, advanced robotics to transform highway building
Hindustan Times

AI, advanced robotics to transform highway building

India plans to deploy artificial intelligence (AI) and automated machines powered by advanced robotics to build next-generation highways and complete projects faster in a sector marred by frequent delays.

time-read
1 min  |
December 27, 2024
Hindustan Times

Investors Chase New Fancy in Unlisted Avenue

Lured by the promise of outsized returns, early access to high-growth companies, and lower fees, retail investors are venturing into the unregulated and risky world of unlisted securities.

time-read
1 min  |
December 27, 2024
Signs of growth rebound ahead: Economic review
Hindustan Times

Signs of growth rebound ahead: Economic review

India's GDP is expected to grow at 6.5% in 2024-25 despite a slowdown in investment growth due to reduced public expenditure, private sector caution, global uncertainties, and concerns over excess capacity and dumping, the Union finance ministry said in its November economic review released on Thursday.

time-read
1 min  |
December 27, 2024
RBI Flags Unsecured Loan Caps, Private Credit Links
Hindustan Times

RBI Flags Unsecured Loan Caps, Private Credit Links

Report Signals Changes on Small Biz Loans, Aggregators, Notes High Attrition

time-read
2 dak  |
December 27, 2024
Japan Airlines hit by cyberattack, delays year-end flights
Hindustan Times

Japan Airlines hit by cyberattack, delays year-end flights

Japan Airlines said it was hit by a cyberattack, on Thursday, causing delays to more than 20 domestic flights but the carrier said it was able to stop the onslaught and restore its systems hours later. There was no impact on flight safety, it said.

time-read
1 min  |
December 27, 2024
Hindustan Times

May 9 Riots: 60 Civilians Get 2-10 Years in Pakistan Military Courts

Pakistan military courts have sentenced 60 more civilians for taking part in pro-Imran Khan unrest last year, the armed forces said on Thursday, after international outcry over earlier announced convictions.

time-read
1 min  |
December 27, 2024