Search results
Results from the WOW.Com Content Network
Terminating an existing commitment such as a life insurance policy, after enrollment may prove challenging for taxpayers due to potential financial losses. Additionally, in the wake of the COVID-19 pandemic many taxpaying individuals have recognized the significance of having insurance, which is eligible for deduction in Old Tax Regime ...
He announced a 20 trillion rupees stimulus package, equivalent to 10% of India's GDP, which was laid out in detail by the Finance Minister in a series of tranches. [61] [62] During the COVID-19 pandemic in India, Finance Minister announced a ₹1.70 Lakh Crore($24 billion) relief package under Pradhan Mantri Garib Kalyan Yojana for the poor. [63]
The Chief Economic Adviser to the Government of India said that this drop is mainly due to the coronavirus pandemic effect on the Indian economy. Notably, India had also been witnessing a pre-pandemic slowdown, and according to the World Bank, the current pandemic has "magnified pre-existing risks to India's economic outlook".
The Public Provident Fund (PPF) is a voluntary savings-tax-reduction social security instrument in India, [1] introduced by the National Savings Institute of the Ministry of Finance in 1968. The scheme's main objective is to mobilize small savings for social security during uncertain times by offering an investment with reasonable returns ...
A non-performing loan (NPL) is a bank loan that is subject to late repayment or is unlikely to be repaid by the borrower in full. Non-performing loans represent a major challenge for the banking sector, as they reduce profitability. [ 1 ]
As part of the student loan forgiveness plan, there is a clause specifying: “If you made voluntary payments during the payment pause — from March 13, 2020, through Dec. 31, 2022 — and your ...
Last October, the Biden administration announced executive actions that would bring most loans managed by the Education Department "closer to forgiveness," the Department of Education said. These ...
Prime Minister Narendra Modi chairing a video conference with the state Chief Ministers on May 11, 2020. The Indian state governments have responded to the COVID-19 pandemic in India with various declarations of emergency, closure of institutions and public meeting places, and other restrictions intended to contain the spread of the virus.