Post the budgetary provision to provide tax benefits up to 40 percent of maturity of investment in National Pension Scheme, the retail segment of NPS has grown by over 100 percent over the past one year.
Employees who fail to buy air tickets at the lowest price available on the day while undertaking journey on Leave Travel Concession (LTC) claim will face severe penal action, as per the draft guidelines finalised by the Centre.
The weakening of British pound is seen as positive by the travel agents and realty consultants in India who facilitate overseas transactions, and expect more of Indians travel to the UK on leisure tourism or investment in the property market there.
Payout day of 7th Pay Commission is fast approaching. As per media reports, August 1 may be the possible date when central government employees will get increased salaries and arrears.
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