If someone does reduce his contribution, he should scale it back to the 12% level as soon as he can, suggests Sanjay Kumar Singh.
'Given the possibility that our unstable northern and western borders may become 'live' at short notice, any major systemic change which impacts combat effectiveness should be brought about in a cautious and progressive manner.'
Days after JP Morgan announced the inclusion of government bonds in its emerging market (EM) bond index, a host of banks and other financial institutions (FIs) are set to tap the debt market. They plan to raise Rs 18,000 crore by issuing non-convertible debentures (NCDs) and bonds. National Bank for Agriculture and Rural Development (Nabard) plans to raise up to Rs 3,000 crore via five-year social impact bonds on Tuesday, the first of its kind in India.
Given its features as a retirement product (long lock-in and compulsory annuitisation), investors should have other investments they can fall back on in case they need funds
Indian regulators have identified certain groups as 'financial conglomerates' and they are being monitored closely for any systemic risks they may pose.
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.
Neither the BJP, nor the Congress before it, made any manifesto commitments on defence spending, even though allocations have plummeted from 4 per cent of gross domestic product (GDP) in the late 1980s to less than 2 per cent today, points out Ajai Shukla.
It is best to invest long-term surplus in stocks or equity mutual funds.
It also promised financial assistance of Rs 24,000 annually to all dependent widows and single mothers, two free LPG cylinders to all the beneficiaries of the PM Ujjwala Yojana and 24x7 power supply.
The aggressive life cycle fund will allow equity exposure of up to 75%, up from the current limit of 50%.
'If you consider only demonetisation and GST as my government's work, it will be a big injustice to me.'
BJP-ruled states push through amendments to laws, aim to get larger share of FDI pie
EPFO may start investing up to five per cent of its incremental corpus in the equity market.
EPF is the major vehicle for the long-term savings of organised private sector employees.
The deduction will be higher and net take-home pay will fall.
The completely avoidable mess that the finance ministry found itself in was rather surprising, says Debashis Basu.
What drives Pakistani men to join its military, despite the toll it takes on them?
'Maybe the State wants to be watching people all the time. But when they are watching, others too may be watching!' 'The State is becoming more and more secretive while throwing people to the wolves.'
Assume the worst regarding how long your unemployment could last and make conserving cash your topmost priority, suggests Sanjay Kumar Singh.
Modi said not a single leader of the opposition grouping INDIA has uttered a word against the "disrespect" for women.
Bank shares were the top losers after sharp gains last week.
The raising of the entry age in NPS has opened up an attractive new investment avenue for senior citizens, says Arnav Pandya.
'We're hitting at the core strength of our armed forces.'
MFs continue to find it difficult to attract and retain long-term money from investors
There is no dearth of political will today to act against corruption and officers should take action against the corrupt, however powerful, without any hesitation, Prime Minister Narendra Modi said on Monday.
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.
'Where in the world you get 12.5 per cent return of interest?'
The first task before him is to get used to the idea of working with the Monetary Policy Committee
While we seem to want soldiers on short-term engagement, warfare itself is getting more technical and needs skilled manpower. The world has seen the dismal performance of armies that rely on short tour of duty soldiers or have outsourced war to 'contractors' in Afghanistan and now in Ukraine, points out Colonel Anil A Athale (retd).
'We are probably working with flawed data on household finance.'
'He is exposing the failings of the BJP, which is rankling the party.'
Salaried employees get several benefits under Sections 80C, 80D, 80G and others.
Classically, the Japanese - who are not guided by short-termism - added capacity during slumps to be ready to reap their good fortune when the business cycle turned upwards again and shortages emerged, says Subir Roy.
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.
Protestors continued to target railway properties in Bihar and West Bengal on Saturday to vent their ire against the Agnipath defence recruitment scheme disrupting train services in the eastern region for the fourth day in a row, while demonstrations were held on roads in Odisha and Jharkhand.
Traditional plans are the biggest area of concern for consumers.
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.
Trains were set afire and blocked, and public vehicles attacked as protests over 'Agnipath' swept across several places in Bihar, Uttar Pradesh, Rajasthan, Haryana, Madhya Pradesh, Delhi and Jammu on Thursday amid partisan political voices in favour and against the new recruitment scheme for the defence forces that has set off a firestorm.
7 key areas that the Budget must address to re-energise the infrastructure sector, suggests Vinayak Chatterjee.
