Public Provident Fund should be phased out over a period of time after the introduction of the new pension scheme proposed by the government, the interim Pension Fund Regulatory and Development Authority chairman D Swarup said on Saturday.
Ask rediffGURU Reetika Sharma your insurance mutual fund and personal finance-related questions.
All those years of contributions not adding up to a big reward definitely makes the scheme unappealing.
The Pension Fund Regulatory and Development Authority (PFRDA) has sought income tax exemption for the New Pension Scheme at par with other schemes like Public Provident Fund (PPF).
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.
The decision taken at a meeting of the Union Cabinet presided over by Prime Minister Narendra Modi will result in an additional annual expenditure of Rs 8,450 crore, according to the defence ministry.
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.
In their first step towards introducing a pension scheme based on defined contribution, public sector banks have in-principle decided to introduce such a scheme for new recruits in the officer cadre.
Why did the political system in the country react to these two decisions of the Modi government in a diametrically opposite manner? asks A K Bhattacharya.
Most think tax-saving deductions exist only in the old regime. But the New one quietly retains 40+ ways to ease your tax load
An expert group has called for carving out two separate accounts -- PF and annuity -- in the employee provident fund scheme to meet the challenge of fund depletion in the pension scheme and introducing greater transparency for subscribers.
'If a charitable or religious trust sells a capital asset -- such as land, buildings, shares -- and makes a capital gain, it can avoid paying tax on that gain if it reinvests the proceeds in another capital asset for its charitable purposes.'
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.
There are seven potential buyers, ranging from the Port Talbot steelworks' management to the UK steel industry investors Liberty House
NPS shifts the onus of fund management from the company or government to you.
The idea of retirement planning with a pension plan assures regular income to the policyholder in the form of pension or annuity.
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.
Finance Minister Nirmala Sitharaman on Saturday said the government will arrange identity cards and registration on the e-Shram portal to assist 1 crore gig workers. Presenting the Union Budget 2025-26, the finance minister also said a scheme for the socio-economic upliftment of urban workers will be implemented.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
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.
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.
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.
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.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Addressing the nation on the 70th Independence Day from the Red Fort, the prime minister had announced a 20 per cent hike in the pension for freedom fighters.
rediffGURU T S Khurana answers readers' personal income tax queries
The scarcity of resources is particularly evident in the case of Rajasthan compared to many other states.
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.
'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.'
India should look at the Dutch model, which attempts to provide a decent lifestyle post-retirement.
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.
RJD leader Tejashwi Yadav promised that if the INDIA bloc comes to power in Bihar, it will ensure every family has a member with a government job, enacting legislation within 20 days of forming the government.
A string of welfare schemes and promises tests the state's budget, which is already heavily dependent on central support and spends little as capital outlay.
Your EPF isn't just a retirement pot. It's a financial safety net you can dip into for life's biggest needs. Here's how these one-time advances work and when to use them wisely.
