In a bid to enhance its equity exposure and earn higher returns for its nearly 65 million subscribers, the Employees' Provident Fund Organisation (EPFO) is considering reinvesting 50 per cent of its exchange-traded funds (ETFs) redemption proceeds back into equity. Sources close to the development said a proposal regarding this was discussed in the investment committee (IC) meeting in October last year, and the recommendation has been sent to the Central Board of Trustees (CBT), the apex decision-making body of the EPFO for its approval. The next CBT meeting is scheduled to be held on Saturday.
Though the Congress, AAP and other Opposition parties may have high hopes and some positive takeaways to seize on from the results, it is the BJP which has a big headstart and is firmly in the lead.
Raising equity exposure to 50 per cent in the National Pension Scheme will benefit young investors, provided they can stomach higher volatility.
Despite the equity booster, many would be uncomfortable about NPS.
Going by Himachal Pradesh's "riwaj", or tradition, it should be the Congress' turn to form the next government.
Official panel points to bid deficiencies in rural job guarantee, pensions, housing and other programmes.
Policy decisions, particularly those which have wide-ranging implications on the nation's health and security, should be decided by bodies best suited to do so, the Delhi high court said on Monday while refusing to interfere with the Agnipath scheme.
The defence budget was on Thursday increased to Rs 6.21 lakh crore for 2024-25 in a modest hike of 4.72 per cent from last year's allocation of Rs 5.25 lakh crore amid India's continuing border row with China in eastern Ladakh as well as concerns over evolving security situation in the strategic waterways.
Three days before the first phase of the Lok Sabha elections, the Bharatiya Janata Party on Monday, April 8, released its manifesto with a focus on development and national security.
SBI Q3FY24 result review: A higher-than-factored weakness in the October-to-December quarter (Q3) results of State Bank of India (SBI), for financial year 2023-24 (FY24), has prompted brokerages to cut earnings estimates for the ongoing financial year. They, however, have maintained 'Buy' ratings on the stock, revising target price upwards in some cases, owing to the stock's recent underperformance relative to its peers.
Investors across age groups and risk appetite can invest in these schemes.
Ask your HR department for details about the fund, trustees and returns
Soldiers remain firm in their protest against the delay in the implementation of the One Rank One Pension scheme.
Taking strong exception to complaints and grievances of people concerning the customs and excise sectors, Prime Minister Narendra Modi on Wednesday said strict action would be taken against erring officials.
'One Rank One Pension is needed immediately and more urgently for jawans and widows,' one elderly soldier tells Sudhir Bisht at Delhi's Jantar Mantar.
The delay in receiving the revised pension was due to problems in calculation at his bank's end.
The new 'Form 5' has been brought for the benefit of pensioners and it will record all information on the basis of self-attestation by the individual concerned, said Sanjay Kothari, Secretary, Department of Administrative Reforms, Public Grievances and Pension.
Migrant workers play a very vital role in building the nation and their rights cannot be ignored at all, the Supreme Court said on Thursday while asking the Centre to devise a mechanism so that they receive food grains without ration cards.
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
Finance Minister Nirmala Sitharaman on Wednesday said the National Rural Livelihood Mission has achieved remarkable success by mobilising rural women into 1 lakh SHGs (self help groups).
Wordsmiths and artists of different parties are working overtime to deliver punches and counter punches in their bid to reach out to voters through different platforms ranging from Facebook to YouTube.
Avoid investing in a new ELSS scheme each year. Stick to one well-chosen scheme to avoid clutter in your portfolio.
Top officials said asking employees other than the fund management team to mandatorily invest a fifth of their salary goes against the principle of natural justice.
Suggestions have been invited from the public to improve the draft bill and July 19 is the last date for it.
Facing flak over its decision to impose tax at the time of withdrawal on 60 per cent of the contributions to Employees' Provident Fund, the government on Tuesday clarified that only interest accrued on 60 per cent contribution to EPF after April 1, 2016 will be taxed.
As per the recommendations of the 2nd National Commission on Labour, the ministry is codifying existing 44 central labour laws into four codes by simplifying, amalgamating and rationalising the relevant provisions of the legislations.
Highly-placed sources in the government say that none of the senior ministers had any inkling of Patel's resignation
The chief minister and his wife Kamlesh Thakur presented a cheque of Rs 51 lakh to chief secretary Prabodh Saxena at their official residence in Shimla.
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Denmark has been rated as the country with the best retirement system in the world.
80% of beneficiaries in 300 districts to be linked with direct benefits transfer
Is it is necessary to play divisive politics to succeed in the next general elections? asks Dr Sudhir Bisht.
Social activist Anna Hazare on Saturday said he has decided to suspend his agitation scheduled on October 2 in New Delhi as the Central government allowed the Land Ordinance to lapse and implemented the One Rank One Pension OROP) for ex-servicemen.
Interacting with representatives from NGOs, Congress leader Rahul Gandhi on Monday asked opposition parties to fix a date to help government pass bills on which there is general consensus.
The tax rate rises to 10 per cent, 15, per cent, 20 per cent and 25 per cent for every Rs 2.5 lakh addition. A 30 per cent tax is charged for income over Rs 15 lakh.
Modi said not a single leader of the opposition grouping INDIA has uttered a word against the "disrespect" for women.
The government has also revised the minimum wages for unskilled non-farm workers upwards by 42 per cent to Rs 350 per day
'Where in the world you get 12.5 per cent return of interest?'
Senior citizens should avoid putting their entire retirement corpus in SCSS.
Only Rs 3,000 cr has been disbursed. Over 80% of these transfers were for cooking gas subsidy.
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