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Government Greenlights Unified Pension Scheme, Benefiting 23 Lakh Employees Nationwide
The financial burden for arrears under this scheme has been outlined by the government as Rs 800 crore, with an anticipated annual cost increase of about Rs 6,250 crore in the first year. The scheme is likely to be implemented from April 1, 2025, and Central government employees will have the option to opt either for NPS or UPS. Existing subscribers of the Centre's NPS, too, will be provided with an option to shift to the UPS.
Display names & mobile numbers outside business establishments: MP Government
First, these new guidelines will be applied in the sacred city of Ujjain. The name and contact number of the owner outside shops, hotels, and eateries will be compulsive, according to Ujjain Mayor Mukesh Tatwal. The non-compliance will attract a fine of Rs 2,000 for the first violation and Rs 5,000 for the subsequent violations.
Government Bonds Valued at Rs 28,000 Crore Set for Friday
The offering will be divided into three lots. The first lot consists of "7.33 per cent Government Security 2026" worth Rs 6,000 crore, and the second lot, namely "7.23 per cent Government Security 2039," is worth Rs 10,000 crore, and the third lot, namely "7.34 per cent Government Security 2064," is worth Rs 12,000 crore.
Government to Auction Rs 32,000 Crore in Bonds on April 26
The auction will feature two tranches: the first is a Rs 20,000 crore issuance of "7.1 per cent Government Security 2034", and the second is a Rs 12,000 crore issuance of "7.46 per cent Government Security 2073".
Upcoming Government Bond Auction: Rs 24,000 Crore on Offer This Friday
In the first segment, the offering includes the '7.37 per cent Government Security 2028,' set at a notified amount of Rs 12,000 crore, utilizing a price-based auction employing the multiple price method. Meanwhile, the second category comprises the 'New Government Security 2064,' totaling Rs 12,000 crore (nominal), to be auctioned through a yield-based approach, also using the multiple price method.
Government's Response to EU and G7 Ban on Russian Diamond Imports: Insights from Jaishankar
The EU and G7 initiated the ban on imports of Russian-origin diamonds through third countries in early March as part of sanctions against Moscow in response to its invasion of Ukraine. Jaishankar expressed the government's determination to delay, soften, or ideally prevent the ban altogether, considering it a critical issue. He reassured that efforts would be made to find a resolution in the upcoming days.
Government Announces Ambitious Plan: Rs 45,000 Crore Investment for the Development of River Cruise Tourism
Out of this substantial allocation, around Rs 35,000 crore will be dedicated to cruise vessels, while Rs 10,000 crore is earmarked for the development of cruise terminal infrastructure by the year 2047.
Interest rate for 5-year recurring deposit hiked to 6.7 %, rates for other key schemes kept unchanged
The Finance Ministry, which revises interest rates for small saving schemes after every quarter, announced the new rates on Friday for the period between October 1 and December 31, 2023.
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