The New Pension Scheme scores over several other retirement products in many ways, check out how and why.
Prime Minister Narendra Modi asserted that the record turnout in the first phase of the Bihar assembly polls indicates people's trust in the NDA government. He predicted victory for the NDA, led by Chief Minister Nitish Kumar, and lauded the Election Commission for conducting successful elections.
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).
Retail investors are moving away from a buy-and-hold approach and towards more informed short-term positioning, recent investment patterns show.
An ECI statement issued from New Delhi put the voter turnout at 68.76 per cent. The female turnout (74.03 per cent) was significantly higher, compared with males (64.1 per cent).
Bihar recorded its highest-ever voter turnout of 67.14 per cent in the second and final phase of the assembly elections. The election is seen as a referendum on Chief Minister Nitish Kumar. Kishanganj recorded the highest polling percentage at 76.26.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
The Congress-led UDF secured a decisive victory in Kerala's local body elections, dealing a blow to the LDF, while the BJP gained significant ground, including winning control of the Thiruvananthapuram Corporation.
Over 25 crore workers across India are set to strike against new labour codes and privatisation, potentially disrupting banking, postal, and other essential services.
Justice Surya Kant is set to become the 53rd Chief Justice of India, bringing extensive experience and a record of significant verdicts on key issues.
EPF nominations decide inheritance -- here's what happens if you don't file.
Sex workers in Sonagachi, Asia's largest red-light district, are pleading for relief from stringent voter ID rules that they say are impossible to meet, potentially leading to exclusion from the voters' list.
Actor-politician Vijay held his first public meeting in Puducherry, criticising the central government for neglecting the union territory's demand for statehood and praising the local government's impartiality. He also targeted the DMK government in Tamil Nadu, suggesting they could learn from Puducherry.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The Bihar chief minister had a point to prove in the latest assembly elections, which were held amid speculations of a fatigue factor, if not downright anti-incumbency, made worse by rumours of his indifferent health.
Investors should quiz them to understand the product, which options to invest in, and how to get the final payout
Ask rediffGURU Reetika Sharma your insurance mutual fund and personal finance-related questions.
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.
Justice Surya Kant has been appointed as the 53rd Chief Justice of India, succeeding Justice Bhushan R Gavai. He will assume office on November 24 and serve until February 9, 2027.
Most think tax-saving deductions exist only in the old regime. But the New one quietly retains 40+ ways to ease your tax load
'This outcome is thoroughly unexpected.' 'I travelled extensively across villages, engaged in detailed discussions with residents, and consulted with party workers who had been canvassing from village to village, from one location to another, seeking grassroots feedback.' 'Not a single interlocutor suggested that there would be an NDA wave of this magnitude.'
From appointment letters becoming mandatory to gig workers receiving social security to enhanced rights for women and contract labour, the changes reflect India's attempt to balance ease of doing business with stronger worker welfare.
The potential market for pensions in India is enormous. Some 284m working age people in India lack formal pensions.
The reduction in goods & services tax (GST) on individual life and health insurance premiums has been called a "landmark step" for making insurance affordable and inclusive. In a panel discussion at the Business Standard BFSI Insight Summit 2025, Anup Bagchi, managing director (MD) & chief executive officer (CEO) of ICICI Prudential Life Insurance; Mahesh Balasubramanian, MD & CEO of Kotak Life Insurance; Tarun Chugh, MD & CEO of Bajaj Life Insurance; and Ratnakar Patnaik, MD of Life Insurance Corporation of India (LIC), listed what else the industry needs to reach more people.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
Now a multi-dimensional rate structure has been created for CGHS cardholders in all categories based on four different parameters, with semi-private rooms forming the base for package rates.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
The Union finance ministry has rejected a proposal sent by the labour ministry to double the monthly minimum pension amount to Rs 2,000 under the Employee Pension Scheme (EPS). The Central Board of Trustees (CBT), the apex decision-making body of the Employee Provident Fund Organisation (EPFO), was apprised of the proposal's rejection during a meeting on Saturday. "According to the recommendations made by a highly-empowered monitoring committee constituted by the government, a proposal to increase the minimum pension under EPS from Rs 1,000 to Rs 2,000 per month, by providing additional budgetary support, was sent to the ministry of finance.
CPGRAMS -- an online platform available to citizens 24x7 to lodge their grievances to public authorities on service delivery -- has existed for close to two decades. But it has never been this active, points out Tamal Bandyopadhyay.
A SWOT analysis of the NDA coalition led by Nitish Kumar as Bihar heads into assembly elections, examining its strengths, weaknesses, opportunities, and threats against the INDIA bloc.
Justice Surya Kant, who was elevated as a judge of the Supreme Court on May 24, 2019, would have a tenure of over 1.2 years as the CJI. He is due to retire on February 9, 2027.
The new Income Tax Bill, passed by Lok Sabha on Monday, has retained the provisions regarding ITR filing for TDS claims and tax exemptions for anonymous donations made to all religious-cum-charitable trusts, as in the existing tax laws. The original Income Tax Bill, which was brought in Parliament in February, had done away with this exemption and the ITR filing flexibility for claiming TDS refunds.
rediffGURU T S Khurana answers readers' personal income tax queries
The RBI advisory follows a labour ministry request earlier this year seeking the central bank's expertise to identify gaps in EPFO's investment strategy and fund management practices, including accounting, risk management, and internal governance.
The National Democratic Alliance was set to sweep the Bihar assembly polls, surging ahead in over 200 of 243 seats on Friday with the Bharatiya Janata Party emerging as single largest party with about 90 per cent strike rate, reaffirming the popularity and campaign clout of Prime Minister Narendra Modi, who was the face of the ruling alliance through the poll battle in the highly sensitive political state.
The Employees' Provident Fund Organisation (EPFO) on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2014, to contribute up to 8.33 per cent of their actual salaries - as against 8.33 per cent of pensionable salary capped at Rs 15,000 a month - towards pension. The apex court gave a four-month window to enable opting for higher pensions.
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