Updated Mar 17, 2021 | 09:58 IST
ELSS or tax saving mutual funds which provide the dual benefit of tax saving and wealth accumulation and come with a modest lock-in period of 3 years. Here are top plans by performance Top performing ELSS mutual funds ( by returns) to help you save tax this year | Photo Credit: BCCL
The last date to make investments in order to save tax for the financial year 2020-21 is March 31, 2021. There are myriad tax-saving instruments for same but investors should not limit their choices to the safety of Public Provident Fund (PPF) and National Pension Scheme (NPS) as there are other avenues such as ELSS schemes which also give the additional benefit of wealth accumulation.
Labour ministry should delve into constraints impeding optimal fund utilisation: Parliamentary panel indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
NEW DELHI: A parliamentary panel has asked the labour ministry to look into the reasons for not being able to ensure optimal utilisation of funds made available during the coronavirus-induced pandemic. The report of the Parliamentary Standing Committee on Labour on the Demands for Grants for 2021-22 was tabled in Lok Sabha on Tuesday.
The panel said though the ministry’s expenditure for the current fiscal was bumped up on account of the newly-launched Pradhan Mantri Gareeb Kalyan Yojana (PMGKY), the government could only spend about 52.8% of the funds till February 15.
The report also said two new schemes, the PMGKY and Aatmanirbhar Bharat Rojgar Yojana (ABRY) were launched with the intention to cater to the needs of people during the pandemic and emphasised that the ministry must make “accurate budgetary estimates” before seeking supplementary allocations.
Labour ministry should delve into constraints impeding optimal fund utilisation: Parliament panel | India News indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Prime Minister Shram Yogi Mandhan Yojana - Get Rs 3,000 a month, check eligibility
The contribution amount for the first month shall be paid in cash for which subscribers will be provided with a receipt. File photo
Updated: Mar 13, 2021, 06:38 PM IST
Prime Minister Shram Yogi Mandhan Yojana (PM-SYM) provides benefits to informal sector workers. Launched in 2019, it gives at least Rs 3,000 as a monthly pension after attaining the age of 60.
The contributions will rise with higher age. The contribution amount for the first month shall be paid in cash for which subscribers will be provided with a receipt. CSCs also issue cards having unique ID numbers to all those who register for the scheme.