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The Public Provident Fund ( PPF) is a voluntary savings-cum-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 ...
The eight major pass-through economies—the Netherlands, Luxembourg, Hong Kong SAR, the British Virgin Islands, Bermuda, the Cayman Islands, Ireland, and Singapore—host more than 85 percent of the world’s investment in special purpose entities, which are often set up for tax reasons. — "Piercing the Veil", International Monetary Fund ...
If a 4.5% per year nominal rate of interest is assumed, then (using 1.045/1.035 in real terms) pre-retirement and post-retirement net interest rates will remain the same, i rel to pay = 0.966 percent per year and i real = 0.966 percent per year.
Investment banking revenue at the five big banks with sizable Wall Street operations fell by an average of 9% last year. The portion of these fees tied to advice given on mergers or acquisitions ...
The National Institutes of Technology (NITs) are centrally funded technical institutes under the ownership of the Ministry of Education, Government of India.They are governed by the National Institutes of Technology, Science Education, and Research Act, 2007, which declared them institutions of national importance and laid down their powers, duties, and framework for governance.
The following list gives the latest available gross state domestic product (GSDP) figures for all Indian States and Union Territories at current prices in millions or trillions of Indian rupees. No data is available for the union territories of Dadra and Nagar Haveli and Daman and Diu, Ladakh and Lakshadweep.
The Indian Institutes of Technology ( IITs) are a network of engineering and technology institutions in India. Established in 1950, they are under the purview of the Ministry of Education of the Indian Government and are governed by the Institutes of Technology Act, 1961. The Act refers to them as Institutes of National Importance and lays down ...
The census of India pegged the average literacy rate to be 73% in 2011 while National Statistical Commission surveyed literacy to be 77.7% in 2017–18. Literacy rate in urban areas was 87.7%, higher than rural areas with 73.5%. There is a wide gender disparity in the literacy rate in India [ 5] and effective literacy rates (age 7 and above ...