Part of the dues has been pending since 1995-96 - the inception year of the Employees' Pension Scheme administered by the EPFO. The Centre also owes the EPFO more than Rs 1,000 crore towards the minimum pension scheme it had notified in September 2014.
A remarkable story which helped in transforming a bureaucratic organization, to a customer centric organization. This experience may inspire several government / private organizations to modify or adopt digitisation to transform their business, notes Professor N Ravichandran (retd).
The Maharashtra cabinet on Thursday cleared a proposal that offers an option of availing the Old Pension Scheme (OPS) to the state government employees who joined the service after November 2005.
The nature of war and its purpose remains unchanged. The change is in the character of war in terms of a man-machine mix, domination of sensors and certain automation of the tactics and methods of war, points out Colonel Anil A Athale (retd).
Ramalingam Kalirajan explains the pros and cons of both investment types.
Compulsory retirement is part of a half-yearly exercise now for cases where government wants to weed out officers, but without taking the disciplinary proceedings route.
Know who's the highest-paid official in the Prime Minister's Office? The answer is Bhaskar Kulbe.
'Young investors with limited funds should ensure that investing in NPS does not crowd out their other, more liquid, investments.'
He requested Prime Minister Narendra Modi to make an announcement that the farm loans would be waived, while a mechanism for the same could be worked out later.
Before opting for this scheme, consider how EPS is calculated.
NPS still has critics despite being in business for a decade and mopping Rs 24,000 crore as of 2013-14.
Union ministers Arjun Munda, Piyush Goyal and Nityanand Rai and farmer leaders from Punjab will meet on Sunday for the fourth round of talks.
Most insurers aren't comfortable with subscribing to the National Pension System as they see it as competition.
According to the Morcha, the demands which Delhi Chalo has been called include: MSP should be guaranteed as per C2+50 percent formula and, as promised, a law should be made to guarantee it; all the farmers should be made debt free, and all agricultural loan must be waived.
'The Congress is trying to reinvent itself -- the caste census demand, OBC emphasis, the anti-corporate thrust, especially on Adani etc -- all this is not standard Congress strategy.'
Life Insurance Corporation on Wednesday said its Varishtha Pension Bima scheme will continue next year also, but the interest rate and other terms and conditions will be decided by the government.
Farmers leaders taking part in the 'Delhi Chalo' agitation on Monday rejected the Centre's proposal of procuring pulses, maize and cotton at MSP by government agencies for five years, saying it was not in farmers' interest and announced that they will march towards the national capital on Wednesday.
A panel of Union ministers held a fourth round of talks with farmer leaders in Chandigarh on Sunday over their demands, including a legal guarantee of MSP, as thousands of protesting farmers camped at the Punjab-Haryana border.
NPS is a cost-effective instrument with low fund management and other fees. Unlike in mutual funds, investors get the benefit of tax-free rebalancing here.
PFRDA, India's new pension regulator, has introduced New Pension System will help working Indians lead a dignified retired life.
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
Twenty years after the burning of a train in Godhra killed 59 'karsevaks' and triggered one of India's worst post-Partition riots, the poll-scape reflects the yawning gulf between the two communities.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
On maturity, 40 per cent of the accumulated corpus can be withdrawn tax-free.
'They are trying to make the situation bad for Indian Railways so that they can hand it over to private companies.'
"There has been a 0.05 percentage points decline in the share of allocation for child budget to the Union Budget from 2.35 per cent (2022-23 BE) to 2.30 per cent (2023-24 BE).
2023 could be another volatile year for Indian equity markets, according to BofA. In a report, the brokerage pointed out that the Nifty50, at present, is trading at 20.7x against its long-term average of 18.8x one-year forward earnings of current Nifty constituents. Plus, India is trading at a 98 per cent premium to its emerging market (EM) peers against its long-term average of 45 per cent.
'What more can I ask for?' 'Salman and Ranbir Kapoor know how to respect their seniors.'
]If Andhra Pradesh's middle class is denied salaries and pensions or, if these are delayed, it will rise against Jagan Mohan Reddy with the same fervour with which it voted him in.
Does this Budget deserve cheers or boos? You decide
Tata Steel has a very British problem. The performance of Europe dragged the steel major's October-December (Q3FY23) performance with the UK business accounting for a major part of the operating loss; on the bottom line, the overhang of the British Steel Pension Scheme (BSPS) showed. And a nearly three-year discussion with the UK government on a support package for a green transition resulted in an offer that fell short of the ask.
Only NIIF has stayed the course as a viable infrastructure financing institution.
Those who have crossed 50 must show the greatest urgency. They need to achieve a corpus that can sustain them and their spouses for at least 25-30 years after retirement.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'Let us hope that this Budget delivers.' 'It needs 10 per cent plus real GDP growth in 2021-22, the rebound year,' notes Omkar Goswami.
After the finance minister directed public sector banks to join the account aggregator (AA) ecosystem, 5-6 major ones, including State Bank of India (SBI) and Bank of Baroda are expected to go live by July-end. Sahmati, an industry alliance for the AA ecosystem, has been working with PSU banks to get them onboarded for quite some time now. So far, Union Bank of India and Punjab National Bank (PNB) have gone live on the AA ecosystem. While Union Bank has been live for a while, PNB went live earlier this month.
Michael Dalvi, who played first class cricket for Delhi, Tamil Nadu and Bengal, once hit a century against a fiery Malcolm Marshall and the West Indies. At 77, he has a razor sharp memory, a ready wit and is a rare cricketing treasure.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances