For long-term financial security, millennials must not only provide social security for their young families but also ensure that their financial burdens are not passed down to their families, says Casparus Kromhout.
Is it is necessary to play divisive politics to succeed in the next general elections? asks Dr Sudhir Bisht.
It was Singh's second meeting with the chiefs of the Army, Navy and the Air Force for the second straight day on the issue.
The choice should depend on the size of the retirement corpus, stage in life, and state of health.
Currently, banks are closed every second and fourth Saturday of a month. Why shouldn't they be shut every Saturday? When most customers carry their banks in their pocket (the app on the mobile phone), there is no need to keep banks open on Saturdays, argues Tamal Bandyopadhyay.
It is proposed to provide a combined upper limit of Rs 7.5 lakh in respect of employer's contribution in a year to NPS, superannuation fund and recognised provident fund and any excess contribution is proposed to be taxable.
Veterans bemoan the 'lack of intention' shown by the Modi sarkar, who seem to have reneged on their poll promise.
Ashwini Vaishnaw has repeatedly warned officials "to take VRS and sit at home" if they did not perform.
The protests, which is into its third day in the state, caused massive disruption of railway services at Buxar and Kahalgaon, officials of East Central Railways said.
Your financial goals are of utmost importance and the tax saving is an added incentive, advises Dwaipayan Bose.
While India's GDP growth slowed to five-year low of 5.8% in Q4, China grew at 6.4%.
There will be tripartite pact with member, bank/housing agency and EPFO.
Among 40 pubic services which will be covered under the scheme in the first phase are caste certificates, income certificates, driving licences, new water and sewer connections, driving licences, duplicate driving licences, handicap pension schemes, domicile certificates, issuance of delayed birth order, Lalo Dora certificates etc.
NPS is a cost-effective instrument with low fund management and other fees. Unlike in mutual funds, investors get the benefit of tax-free rebalancing here.
Clark's predecessor Sajid Javid had pledged to help Tata Steel UK with a proposed package of measures and new British PM Theresa May is reportedly supportive of the plan
The statement comes in the wake of two independent members of the NSC, P C Mohanan and J V Meenakshi, quitting the Commission over disagreements with the government on the back-series GDP data and delay in release of labour force survey. Mohanan was also the acting chairperson of the Commission.
If a risk taker and young, NPS would suit her/him. Otherwise, s/he should go for EPF.
rediffGURU Sunil Lala answers your MF-related queries.
Reduction in the mandatory minimum contribution and extension to invest in the scheme from 60 years to 70 years has made the National Pension Scheme more friendly, says Anil Chopra, Group CEO & Director Bajaj Capital
Insurance firms have designed amazing retirment plans to lure more customers.
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.
rediffGURU Mihir Tanna answers your income tax queries.
The long-pending One Rank One Pension Scheme for ex-servicemen was tonight brought into force with government issuing a notification which will benefit over 25 lakh veterans and war widows.
The capital outlay for the three services, for modernisation, stood at Rs 78,586.68 crore
Hundreds of army veterans held a 'Sainik Ekta' rally to press for "honest and truthful justice" as they rejected the One Rank One Pension scheme announced by the government even as some ex-servicemen groups dissociated themselves from the demonstration.
The scheme is aimed at slashing the salary and pension bills of the three services, which have been increasing rapidly.
Since NPS is used for a long-term goal like retirement, allowing younger investors to have higher exposure to equities will give them a chance to earn higher returns.
'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.'
The 70-year-old ex-serviceman Ram Kishan Grewal committed suicide by consuming poison at a park in New Delhi area on Tuesday evening.
The Bharatiya Janata Party has released its manifesto for the upcoming Nagaland assembly elections, promising a special package for the eastern part of the state and establishment of a board for the holistic development of the region if the party returns to power for the second time in a row.
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.
The strike notices were given by workers' unions of various sectors such as coal, steel, oil, telecom, postal, income tax, copper, banks and insurance.
Nikunj Saraf, Vice President Choice Wealth, will answers your queries.
The Rajasthan Congress led by its state president Sachin Pilot on Thursday held a Chetna Rally against "anti-people" policies of the Vasundhara Raje led Bharatiya Janata Party Rajasthan government.
Investors across age groups and risk appetite can invest in these schemes.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Supreme Court allows more instruments to use the biometric card.
Despite the equity booster, many would be uncomfortable about NPS.
Converting what was supposed to be an interim budget or a vote on account into an almost full-fledged budget announcement in the Lok Sabha, Finance Minister Piyush Goyal proposed an array of incentives for both middle-class and farmers, whose disenchantment was said to have cost the BJP dearly in recent assembly elections.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
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