Search results
Results from the WOW.Com Content Network
The scheme currently provides an interest rate of 8.2% [3] (For Jan -Mar 2024 quarter) and tax benefits. The account can be opened at any India Post office or branch of authorized commercial banks. The Sukanya Samriddhi Account Rules, 2016 was rescinded on 12 December 2019 and the new Sukanya Samriddhi Account Scheme, 2019 was introduced. [4]
Other similar government savings schemes in India include: Public Provident Fund (PPF), Post Office Fixed Deposit, Post Office Recurring Deposit, etc. [3] The certificates were heavily promoted by the Indian government in the 1950s after India's independence, to collect funds for nation-building
Kisan Vikas Patra is a saving certificate scheme which was first launched in 1988 by India Post. It was successful in the early months but afterwards the Government of India set up a committee under supervision of Shyamala Gopinath which gave its recommendation to the Government that KVP could be misused. Hence the Government of India decided ...
The government is to review the future oversight of private prosecutions, in light of the Post Office Horizon scandal and wider controversies that suggest there are currently insufficient ...
For premium support please call: 800-290-4726 more ways to reach us
The Bill aims to modernize India Post and expand its services, concerns regarding privacy, accountability, and centralization.. Features of the Bill: Modernization and Expansion: The bill envisions a transformed India Post, venturing beyond traditional mail delivery to offer financial services like banking and insurance, and playing a bigger role in e-commerce delivery.
Compensation paid will tend to be skewed in favour of the Post Office/the government." [132] He points out that the three compensation schemes are administered respectively by the Post Office's solicitors; by the Post Office's owner; and by the Post Office itself. He writes that the scheme for those with overturned convictions "is not ...
The review aims to put the Post Office on a more commercially sustainable position. The company made pre-tax losses of over £80m in 2022/23 and is reliant on an annual government subsidy.