To curb mis-selling of policies and rationalise commissions, radical changes have been proposed to help investors.
The independent institute advising the PM on jobs seems to have missed the point that the challenge is to create net additional jobs, says Mahesh Vyas.
Use deductions introduced in the Budget to save additional Rs 24,000 in tax
But do not expect the finance minister to fulfil all these wishes
Finance Minister Arun Jaitley announced several reforms.
The idea of retirement planning with a pension plan assures regular income to the policyholder in the form of pension or annuity.
From April 1, subscribers will be able to change investment option & asset allocation twice a year, instead of once. Use greater flexibility offered by pension scheme judiciously.
The revised DTC which will introduce several changes if implemented has brought New Pension Scheme under the tax exempt net. This new change will make NPS an attractive investment opportunity.
MFs continue to find it difficult to attract and retain long-term money from investors
Following recommendations from the Deepak Parekh-headed Expert Group and taking into account comments from the public, PFRDA has categorised NPS investments into three asset classes -- E (equity), C (corporate paper) and G (government securities).
Which one of these expectations do you think will actually materialise, come February 1?
The new EET method of taxation needs to be debated extensively.
If the government decides to go back to the old regime where the EPF was not taxed but the NPS was, the latter will become an unattractive product.
The Union government is keen to ensure financial security for unorganised sector workers
The withdrawal right is hemmed by many conditions.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The abolition of wealth tax is again a welcome step.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
So, last year, the government decided to go ahead by allowing the NPS Trust to enter management agreements with fund managers. What benefits does the NPS offer? Who is eligible? Check it out.
The New Pension Scheme is one of the more ambitious programmes tried out by the government. If successful, it has the power to transform India's savings habits.
A new kind of pension-cum-savings scheme is on the anvil, which would provide a safety net as well as liquidity to the holder.
The New Pension Scheme (NPS), launched by the government, was extended to all citizens of the country from May 1, 2009. Under the scheme, 50 per cent of the funds is allowed for investment in the stock markets.
AIBOC in a letter to the Prime Minister, has said the government should not expect the banking fraternity to "join the political campaign of #MainBhiChowkidar" unless issues related to merger of banks, salary revision and staff recruitment, among others, are addressed.
Here are the answers to six most relevant questions you MUST know about the New Pension Scheme.
Speaking to BBC's File on 4 programme on Tuesday, Punjab's director general of police, said money was reaching terrorists from Britain-based supporters via informal funding channels in the Sikh community.
The payroll estimates, released by the EPFO based on its enrolment, threw up some contrasting trend between September 2017 and February 2018.
Tax Guru Anil Rego answers your personal income tax queries
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.
Taxpayers can claim a deduction on tuition fees for a maximum of two children.
'The top 10 industries encompass 84% of the total new payrolls, indicating that industry is coming on steam after the initial hiccups following GST,' say Soumya Kanti Ghosh and Pulak Ghosh.
State Bank of India, UTI AMC and Life Insurance Corporation will start investing the corpus of the new pension system (NPS), estimated around Rs 2,000 crore (Rs 20 billion) now, in market instruments including 15 per cent in equities from end-June 2008.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
While mutual funds charge fees of 1-1.5 per cent of assets managed, that for pension funds could be a hundredth since the two investment streams are dramatically different.
Assume the worst regarding how long your unemployment could last and make conserving cash your topmost priority, suggests Sanjay Kumar Singh.
'Any Muslim who shows even the slightest hint of revolutionary thought is marked as 'infected'.' 'At that point, he is taken to the nearest Detention Centre where a procedure called Reconditioning awaits him.' 'Areas with a high Muslim population have been designated as Scheduled Religion Zones.' 'To be an active participant in this social cleansing ritual, there is only one prerequisite: You have to be an undying patriot whose friend and family is his country.'
'The rate of interest from the EPF is still attractive compared to the rates on fixed deposits, National Savings Scheme, Public Provident Fund...'
The Budget emphasises on capacity building and empowerment of marginalised sections of society including farmers.
Rain played spoilsport as the One-Day match between India 'A' and South Africa 'A' was abandoned after 35 overs in the first innings, taking the Manish Pandey-led side to the top of points table in the quadrangular contest. The Indians were struggling for most part of the 35.2 overs bowled today after being put in to bat at the Harrup Park. Openers Mandeep Singh (29 of 51 balls) and Karun Nair (15 of 25 balls) put on 31 in eight overs before the latter was dismissed by Dwaine Pretorius.
Rather than one-year returns, look at benefits of long-term investment in equity.
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