Retail Inflation rate and CPI number for March 2021 of India has been declared on 12th April 2021 (Monday) by the National Statistical Office (NSO), under Ministry of Statistics and Programme Implementation (MoSPI).
Retail Inflation rate in India for March 2021 is 5.52 % against 5.03 % in February 2021, based on CPI (General) while the Inflation rate based on CFPI (Food) for March 2021 is 4.94 % against 3.87 % in February 2021. The Combined CPI (General) value for March 2021 is 156.8 vs 156.6 in February 2021.
Saving interests in Indian banks are on the decreasing trend and after latest RBI’s decision, most of the public sector banks and private banks have reduced the savings interest drastically.
In India there are so many banks, Public sector banks, partial government controlled bank, Private banks, Co-operative banks and other NBFCs, Non-banking financial company acting like a bank. So, compare all the Govt. & large Private banks savings interest comparison here at single glance.
The Tariff plans of all three 4G telecom operators have been changing continuously. So, which plan is best for you, that depends on your requirement. If you want talk-time, you need one plan, but if you priority is data, then you will have to recharge another plan.
The interest rates for the period from 1st April 2021 to 30th June 2021 of several Post office and small savings schemes like PPF, KVP, SSY, SCSS, NSC, MIS, post office savings deposit, Time deposit, Recurring deposits has been declared on 31st March 2021 and then revised on 1st April 2021, by the Finance Ministry.
Govt. order of ‘Post office fixed deposits and small savings schemes Interest rates’ from 1st April 2021 to 30th June 2021:
For Post office fixed deposit and small savings schemes Interest rates from 1st Apr 2021, there is No change in the interest rate for the period of 01.04.2021 to 30.06.2021. This rates are declared for PPF, KVP, SSY, SCSS, NSC, MIS, post office savings deposit, Time deposit, Recurring deposits. The order is below:
Dearness Allowance, DA applicable to defence forces like Indian Army, Indian Navy, Indian Air force from 1st Jan 2021 will be increased by 3 % from 25 % to 28 % in 7th CPC pay scale. But, it will be added only from 1st July 2021, as DA is freezed till then by Govt. of India (Order is attached below).
Indian defence force representation
Dearness Allowance of Indian Army, Navy, Air force from 1st Jan 2021:
Dearness Allowance, DA applicable to defence forces like Indian Army, Indian Navy, Indian Air force from 1st Jan 2021 calculation is known after December AICPIN-IW declaration on 29.01.2021. The Department of Defence under Ministry of Defence of Government of India release the official order of DA, two times in a year.
AICPIN-IW for December2020 has been released by Labour ministry on 29.01.2021. So, the DA calculation has also been updated till December2020, which is shown below in the table for defence forces like Indian Army, Indian Navy, Indian Air force.
The Dearness allowances applicable for defence forces like Indian Army, Indian Navy, Indian Air force will not be hiked by Govt. of India at present, as it is freezed till 30.06.2021. But, till then we are calculating the quantum of DA increase on percentage basis in this post. This same increment of DA will be added with effect from 1st July 2021.
AICPIN-IW for February 2021 has been released by Labour ministry on 31.03.2021. So, the DA / DR calculation has been updated tillFebruary 2021, which is shown below in the table for 7th CPC and 6th CPC pay scale employees.
DA hike for Central Govt. Employees from 1st July 2021 will be known to us after AICPIN-IW data of March, April, May and June.
The Dearness allowances and Dearness relief applicable for central Government employees will not be hiked by Govt. of India at present as it is freezed till June 2021. But, till then we are calculating the quantum of DA / DR increase on percentage basis in this post. This same increment of DA / DR will be added with effect from 1st July 2021.
DA for Central Govt. Employees from 1st Jan 2021 will increase by 3 %, from 25 % to 28 % for 7th CPC pay scale.
DA for Central Govt. Employees from 1st Jan 2021 will increase by 7 %, from 182 % to 189 % for 6th CPC pay scale.
If you are father or mother of a new-born or less than 10 years’ girl child, then this is the scheme you would always wanted to take it for the welfare of your child. As you see the interest rate on savings bank schemes, only direction it knows is ‘downward’.
Also the fixed deposit interest rate is slightly more about 3-7 %, but here you have to pay the income-tax on the interest amount, so net interest rate you earn as same as the savings bank account interest rate. So, this Sukanya Samriddhi Yojana scheme is the best option for the well-being of the child in future.
Return on investment at the maturity of Sukanya Samriddhi Yojana Account:
The interest rate on Sukanya Samriddhi Yojana account has been kept unchanged at 7.6% in the quarter April to June 2021, so the return on the investment at the maturity will also be unchanged, considering the same interest rate applies to whole period, if you start today.
AICPIN-IW for February 2021 has been released by Labour ministry on 31.03.2021. After declaration of AICPIN-IW for February 2021 on 31.03.2021, the IDA from 1st April 2021 can be calculated.
Already, the IDA calculation has been updated till March 2021 for DA hike from April 2021, which is shown below in the table for CPSE or PSU employees. But, below change won’t apply till 30.06.2021.
IDA from 1st April 2021 will be decreased by 0.50% after releasing of February 2021 AICPIN-IW on 31.03.2021 and IDA rate will be 23.20 % for 2017 (3rd PRC) CPSE or PSU employees.
IDA from 1st April 2021 will be decreased by 1.04% after releasing of February 2021 AICPIN-IW on 31.03.2021 and IDA rate will be 170.46 for 2007 (2nd PRC) CPSE or PSU employees.
The AICPIN – IW (All-India Consumer Price Index Number – Industrial Workers) for February 2021 has been released on 31.03.2021, Wednesday, the last working day of March month, by Labour Bureau, under Ministry of Labour and Employment.
February 2021 AICPIN – IW for Dearness Allowances of CPSE, PSU, Govt., Bank employees:
11th BPSDA for May, June and July 2021: IBA will issue the order of DA for bank employees, workmen and officers in the 1st week of May 2021, which will reflect the change from last quarter in DA for Bank employees with effect from 1st May 2021.
Expected Dearness Allowance (DA) rate hike for workmen and officer employees in banks from 01.05.2021, as per 11th bipartite settlement:
As per 11th bipartite settlement, the expected DA for bank employees, workmen and officers from 1st May 2021 will decrease in the range of 0.07% to 0.98% compared to last quarter.
EXPECTED Dearness Allowance (DA) for bank employees from 1st May 2021 for 11th BPS
Expected Dearness Allowance (DA) for workmen and officer employees in banks from 01.05.2021, as per 10th bipartite settlement:
Jio is one of the leading Indian telecom service provider. Jio is number 1 In terms of number of subscribers in India. It offers spectrum of services like 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed home broadband and many more.
In India Jio offers GSM mobile services in 22 circles. It covers almost all India from village to metro cities with 4G wireless services. Jio has many tariff plans which ranges from Rs. 11 to Rs. 4999 with validity up to 365 dyas. In several plans, Jio offers many additional benefits.
JIO 4G Prepaid Plans
Additional benefits with some Jio 4G prepaid plans:
Vodafone is one of the leading global telecom service provider with operations in many countries. Vodafone India is a partnership between Aditya Birla Group and Vodafone Group. It offers spectrum of services like 2G, 3G and 4G wireless services, mobile commerce and many more.
In India Vodafone offers GSM mobile services in most of the telecom circles. It covers almost all India from village to metro cities with 2G, 3G and 4G wireless services. Vodafone has many tariff plans which ranges from Rs. 16 to Rs. 2595 with validity up to 365 dyas. In several plans, Vodafone offers many additional benefits.
Vodafone 4G Prepaid plans
Additional benefits with some Vodafone 4G prepaid plans:
Airtel is one of the leading global telecom service provider with operations in 18 countries in Asia and Africa. In terms of number of subscribers, Airtel is among top three telecom companies. Headquartered in New Delhi, It offers spectrum of services like 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed home broadband, DTH and many more.
In India Airtel offers GSM mobile services in 22 circles. It covers almost all India from village to metro cities with 2G, 3G and 4G wireless services. Airtel has many tariff plans which ranges from Rs. 19 to Rs. 2698 with validity up to 365 dyas. In several plans, Airtel offers many additional benefits.
airtel 4G Prepaid plans
Additional benefits with some Airtel 4G prepaid plans:
Summary : Maximum savings – ‘Existing’ or OLD income tax rate slab, Minimum savings – ‘NEW’ income tax rate slab.
Income tax rate slab for Financial Year 2020-21 (AY 21-22) in India :
Smt. Nirmala Sitharaman presented Union Budget for FY 2020-21, in which she had mentioned all sector’s budget allocation, performance. GDP forecast, budget deficit etc., but the most important topic like always was the tax rate slab change. People were eagerly glued on to TV, mobile for this tax rate change.
Now she has introduced new tax slab and given us both the option to choose. So, obviously confusion started as which one is better? So, here you have one simple Excel Calculator for income tax, in which only you have to put salary and your deductions, that’s it. Rest leave all to this excel calculator, which will show you the tax amount in old regime, tax amount in new regime and their difference indicating which one is suitable for filing the income tax return for the next financial year 2020-21.
You have already HSRP installed with 3rd registration plate either from dealer or by OEM. But what will happen if it gets broken or damaged in road accident or in some other way? In case of non-HSRP, you just go to any number plate vendor and change the plate, but not any more.
There is a thorough guidelines made by Transport ministry of India in case of replacement of high security registration plate (HSRP) and Color coded sticker, if it is broken or damaged. The replacement can only be done by authorised agency. In this article, we will see about all the nitty-gritty of this replacement process and know the replacement cost of HSRP and sticker state-wise.
Replacement process of High security registration plate (HSRP) and Color coded sticker in case of damage or breakage:
Every year in the General budget, the main focus of people remains on the income tax slabs. So, for FY 20-21 onward, Finance minister has introduced one new option for income tax calculation along with the existing one. In new option, FM has reduced the income tax in some slab. Income tax rate slab for Individual, HUF, senior citizen, super senior citizen, domestic company, Co-operative Society and Surcharge on higher incomes are given below.
Fixed deposit interest rates comparison of ICICI, Axis, HDFC:
ICICI bank, Axis bank, HDFC bank have revised their Fixed deposit or Term deposit interest rates in synchronization with latest RBI’s monetary policy. Again FD interest rates are in the downward trend.
Here we have compared 3 largest private sector banks’ fixed deposit interest rates for below Rs. 2 crore domestic deposits in tabular format. In the screenshot of all three banks, the all kinds of fixed deposits have been shown.
