If you work for 30 years, a two per cent difference in pension returns can reduce your final retirement nest egg by 40 per cent. The Rs 9-trillion National Pension System (NPS) seems to be delivering incrementally higher returns than the twice-as-large Employees' Provident Fund Organisation (EPFO), shows a Business Standard analysis of data over the last seven years for the two retirement fund bodies. An investor who put in Rs 100 in retirement savings seven years ago would have seen her NPS nest egg grow to Rs 182 by 2023, according to the analysis based on the Pension Fund Regulatory and Development Authority's recently released Handbook of National Pension System Statistics 2023.
Subramanian's paper comes at a time when concerns have been raised in various quarters about the official economic growth numbers. The Economic Advisory Council-PM said the Base Year of India's income calculations were shifted to 2011-12 on the basis of recommendations of several committees with experts in national income accounting.
India's largest IT services player Tata Consultancy Services (TCS) saw its $2 billion, 10-year deal with Transamerica Life Insurance Company come to an end even before the period was over. Transamerica is the subsidiary of American arm of Dutch insurer Aegon NV. This is not the first time such a long-term deal has been called off. Earlier this year, UK's National Employment Savings Trust (NEST), ended a $1.8-billion deal with French IT services player Atos.
Sushmita goes pink... Neha wishes Angad...Karan celebrates his birthday...
Heeramandi, a passion project that took off after years in development and planning, mirrors Sanjay Leela Bhansali's film-making's finest and frustrating features, observes Sukanya Verma.
Investors should view any bounce-back in bank stocks as an opportunity to exit the pack, analysts suggested, as the worst may not be over yet. The recent quarterly results of HDFC Bank and Axis Bank disappointed the Street, triggering a marketwide selloff by foreign institutional investors, especially in banking counters. While HDFC Bank, which was the anchor for the market correction during the past week, ended 2 per cent higher amid short covering on Wednesday, Axis Bank's shares settled 3 per cent lower.
In nearly 100 seats, the BJP stands almost no chance of winning. In 200 seats, it is a direct fight between the BJP and the Congress where the BJP has an upper hand. In 243 seats, the BJP is pitted against regional parties and it is not going to be easy. That is why 400 seats may end up as a pipe dream, states Ramesh Menon, author of Modi Demystified: The Making of a Prime Minister.
Showtime is watchable but never engrossing, notes Sukanya Verma.
Israeli Defence Minister Yoav Gallant on Tuesday said the Israel Defence Forces (IDF) is moving to 'full offence' against Hamas targets as the counter-offensive in the wake of the terror attacks rages on, The Times of Israel reported.
GA readers share delicious recipes perfect for those rainy afternoons.
The project involves development of a military-civil, dual-use airport; international container trans-shipment terminal; a gas, diesel, and solar-based power plant, and a township.
Extraordinary award-winning photographs from more than 20,000 images from all over the world.
Loverboy Shah Rukh Khan serenades his latest leading lady, Katrina Kaif in a park!
The New Year has begun, but the stars are in no mood to return home.
Wayanad will continue to support Rahul but not to the same extent as in 2019, when his margin of victory had been enormous. Articulate, to the point and speaking in fluent Malayalam, CPI's Annie Raja, had the people who gathered to see her, listening in rapt attention, notes Shyam G Menon.
Sunny loves her outfit... Manushi goes to Abu Dhabi... Arjun has a new DP...
A day after Singh stirred up the hornet's nest and the Congress distanced itself from the leader, party MP in charge of communication, Ramesh told the media while walking for the Bharat Jodo Yatra in Jammu and Kashmir that all queries related to the surgical strike uproar have been answered by his party and the media needs to aim its questions at Prime Minister Narendra Modi.
Aseem Chhabra lists must watch films, many classics, some relatively new and several personal favourites.
Neha Dhupia has moved into a new home along with husband Angad Bedi and their children, Mehr and Guriq.
I am increasingly seeing young people starting 25-year-SIPs; these kids will definitely benefit from the long term effect of compounding, notes P V Subramanyam.
Held on the first day of Spring by the Chinese calendar, it began with a performance by dancers waving glowing green stalks to convey the vitality of the season, followed by an explosion of white and green fireworks that spelled the word "Spring".
'I know my baby will be fine as she finds her way to make a new life for herself,' notes Aarti David.
The Night Manager has no surprises, feels Deepa Gahlot.
The IT Amendment Act, 2008, if notified, will give the government blanket power to block news portals and other sites for 'offensive' content.
The funniest wildlife photography competition in the world.
Sodhi told the news channel that Parliament makes the law and the courts have the power of judicial review over it and added it was not right to make his opinion "political".
The delicate marine species which have dug out neat pits on the sandy beach have so far laid over whopping seven crore eggs.
Remember, pension from EPS will be taxable at slab rate, reducing the post-tax income for people who remain in the higher tax brackets after retirement.
Ukrainian athletes were given a warm welcome in Beijing as the Winter Paralympics opened
'If it weren't for Om Puri, a whole range of our big city experiences wouldn't have found their honest representations on the screen.'
In the fifth season of Asian Paints' Where the Heart Is, we take you inside Neha Dhupia and Angad Bedi's home.
Uttam Ghosh offers his response to the grah mantri's subtle call for single party democracy.
The roll-out of the auto enrollment began in October 2012.
Mamta records a radio show... Amala visits Assam... Sobhita ready with Major...
The BJP campaign highlighted Yogi's persona as a tough-as-nails leader and an incorruptible man with no nest to feather; Modi's charisma which was turned on full blast in the penultimate phases; Amit Shah's ground work; a well-oiled party organisation, and the RSS's back-up.
Koo -- the made-in-India rival of Twitter -- will not charge users for a verification badge, its co-founder and CEO Aprameya Radhakrishna said as he took on the larger rival for allegedly first creating bots and now charging users for verification. Koo, which allows users to express views in Indian languages, has already crossed 50 million downloads and is now flying into the rival's nest, starting a campaign on Twitter by making itself prominently visible on verified handles and offering them better deals on its platform at no cost. Since taking over Twitter, billionaire Elon Musk has set in motion massive changes, sacking employees and talking of levying a $8 charge for 'verified' handles.
'I want to warn Ajit dada and all those who have stabbed Pawar saheb by joining hands with the BJP.' 'Don't write saheb's obituaries so soon.'
This State-corporate 'cooperation' didn't begin with the arrival of the Modi government.
Many of the big licences, contracts, and even environmental clearances for the Adani group had come in the UPA's time, points out Shekhar Gupta.
Wani is a part of the six-member Indian delegation at the Winter Olympics where Jammu and Kashmir skier Arif Khan is the only athlete from the country to have qualified this time.
