The aggressive life cycle fund will allow equity exposure of up to 75%, up from the current limit of 50%.
Ask your HR department for details about the fund, trustees and returns
The Financial Stability and Development Council meeting on Tuesday started with an air of tension in the room. An official present described the participants' body language as "tetchy". However, once presentations and discussions begun, the mood considerably eased.
Tax-saving investments should not be made with the sole purpose of saving tax, but should also help an individual grow his wealth, suggests Archit Gupta, founder and CEO, ClearTax.
T C A Anant, former chief statistician to the government, will soon be heading a panel to decide whether the monthly payroll data released by EPFO, ESIC and PFRDA could replace the quarterly enterprises-based survey on job creation by the labour bureau, the prime minister's office decided last week.
The finance ministry is working on a Cabinet note for establishing a full-fledged Public Debt Management Office, officials told Business Standard.
PFRDA will invite bids to appoint pension fund managers.
The Prime Minister's Office has decided to set up a panel, led by former chief statistician T C A Anant, to deliberate on whether the enterprise-level quarterly data, which is released by the labour bureau, should be discontinued.
The withdrawal right is hemmed by many conditions.
Restrict investment to Rs 50,000 for tax benefits, experts tell Sanjay Kumar Singh, but caution that taxation at maturity and compulsory annuities are dampers.
Principal economic advisor, Ila Patnaik, is coordinating the work on Economic Survey 2013-14.
'When we say we want to increase pension participation, do we want to increase participation through the savings route?' 'Or do we want people to save in specific pension products?' asks Renuka Sane.
Managing expectations is a challenge for policymakers.
This gains importance in the backdrop of speculation on a second term for Raghuram Rajan.
To curb mis-selling of policies and rationalise commissions, radical changes have been proposed to help investors.
Most insurers aren't comfortable with subscribing to the National Pension System as they see it as competition.
Better stick to equity diversified funds, says Larisssa Fernand
Merging tribunals may lead to administrative convenience, but pendency of cases is likely to increase
2015 is set for a lot of changes - and some that we would like to happen
The sudden exit of Yogesh Agarwal as the chairman of the Pension Fund Regulatory and Development Authority, or PFRDA, has once again brought the relationship between financial sector regulators and the finance ministry into sharp focus.
Pawan Kumar, organising secretary of the Bharatiya Mazdoor Sangh (BMS) affiliated to the Rashtriya Swayamsevak Sangh (RSS), tells Aditi Phadnis it will join forces with other trade unions if necessary to oppose the Employees' Provident Fund Organisation (EPFO) provisions in the Union Budget.
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