With a higher risk tolerance and more funds to invest, richer Indian households have enjoyed higher returns from mutual funds and listed shares in the pandemic period.
EPFO payroll data, which captures data related to the organised & semi-organised sector, shows there was a sharp drop in payroll additions among those younger than 25 years.
Finance Minister Nirmala Sitharaman said that the criteria would be applicable to those cases where no contribution is made by employers to the retirement fund.
According to govt data, the number of people who contribute more than Rs 2.5 lakh per annum is less than 1% of the total number of contributors in the Employee Provident Fund.
The third phase will run for 3 years till 2023 and aims to benefit around 58.5 lakh employees. Rs 1,584 crore has been allocated for the current fiscal.
This would increase 4.3 crore organised sector employees' take home pay and reduce the liability of 6.5 lakh employees facing a liquidity crunch under lockdown.
Diving into workings of Gurugram fulfilment centre, Abhinav Singh, V-P (Ops) at Amazon India, offers insights into how company manages logistics, in conversation with ThePrint Editor-in-Chief Shekhar Gupta.
Trump is not the first American president to propose such a defence system. Ronald Reagan proposed a space-centric Strategic Defense Initiative in 1983, but it never took off.
Pakistani establishments and their proxies are prone to severe, predictable 7-year-itch. Each step up the escalation ladder buys India about this many years of deterrence on average.
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