It is not clear at this stage whether Tata will take up the government's offer of taking a 25 per cent stake in the business.
Prime Minister Dr Manmohan Singh has called for speedy implementation of various welfare schemes, which target the weaker sections of society.
More than 95 per cent people are benefiting from pension after the implementation of OROP, Parrikar said.
Charging the Indian Banks Association with going back on its commitments to the employees on increasing their wages and introducing a pension scheme, CPI leader Gurudas Dasgupta said he apprehended "prolonged confrontation" which would put the entire financial system in jeopardy.
The union has been demanding appointment of staffs, implementation of proper pension scheme, opposing the idea of one delivery point and one post office system of the government, Union general secretary M Krishnan told reporters in New Delhi on Tuesday.
Now that the National Pension Scheme offers more choices than the Employees Provident Fund, is more transparent and also allows to choose the level of allocation to equities as investors like, should one switch to the NPS?
The Congress will conduct a caste census in Madhya Pradesh after winning the assembly polls and establish a university in the name of Sant Ravidas, said party president Mallikarjun Kharge, accusing the regime at the Centre of wishing to change the Constitution.
The economists who signed the letter included Jean Drze , Abhijit Banerjee, Ajit Ranade, Jayati Ghosh, Kirit Parikh, Mihir Shah, Rohini Pande, and Vijay Joshi
BJP president J P Nadda on Sunday promised Uniform Civil Code (UCC) and 33 per cent reservation for women in government jobs in Himachal Pradesh while releasing the party's manifesto for the state assembly polls.
Batting great Sachin Tendulkar has called on the Board of Control for Cricket in India to recognise the Cricket Association for the Blind in India (CABI) and bring its players under the Board's pension scheme.
The state's joblessness is three times higher than the national average of 7.8 per cent.
Expatriates working in India and some Indians working abroad for an Indian employer are required to make mandatory contributions to the Indian government's statutory provident fund.
According to insurers, the premium is quite low, claims are very high.
Fund houses are exploring ways to differentiate themselves in the hybrid space. A relatively unknown hybrid fund variant, Balanced Hybrid, is about to see its first launch since the introduction of mutual fund (MF) scheme categorisation norms in 2017. WhiteOak Capital MF has filed papers with the regulator for this scheme, which comes amid increasing interest in the hybrid space. MFs anticipate that hybrids will become the preferred category for investors with a lower risk appetite following changes in debt fund taxation.
Ask your HR department for details about the fund, trustees and returns
In a setback to the ruling Bharatiya Janata Party-Balasahebanchi Shiv Sena combine in Maharashtra, the Opposition Maha Vikas Aghadi-backed candidates clinched two of the five legislative council seats which were up for grabs in biennial elections from teachers and graduates segments, and appeared poised to bag a third seat also.
Palanivel Thiaga Rajan was on Thursday relieved of the finance portfolio by Tamil Nadu Chief Minister M K Stalin.
Draft report wants commissions phased out by 2011.
Financial planning expert Vetapalem Sridhar's advise on how the young should plan their investments.
Here's how you can plan your returns better by investing in mutual funds and the best mutual funds to invest in.
The Union Cabinet on Wednesday approved a social security scheme to be implemented as a pilot project as a prelude to a central legislation for the unorganised sector
Prime Minister Narendra Modi on Wednesday urged the people to share their thoughts and ideas for the next 'Mann Ki Baat' programme scheduled to be aired on June 28.
The Central Board of Trustees of Employees Provident Fund Organisation on Tuesday approved a scheme allowing subscribers to withdraw up to 90 per cent of the accruals to invest in Varishtha Pension Bima Yojana.
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.
The top court granted liberty to ex-servicemen association to file an application, if they feel aggrieved by any action of the Centre on payment of arrears of the OROP.
It is a trend that economists and researchers say might continue. The data shows the share of this age group in the net EPF accounts created - a proxy for net new formal jobs created - fell from 37.9 per cent in 2018-19 to 24.1 per cent in 2021-22.
Under the proposed scheme, there will be tripartite agreement with member, bank/housing agency and EPFO for pledging future PF contributions as EMI payment.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
The delay in receiving the revised pension was due to problems in calculation at his bank's end.
Secretary S K Nair said schemes for past and present cricketers at all levels are in the pipeline.
Withdrawals from EPF and NPS to have same tax rates.
A decision on the interest rate for close to 60 million active subscribers of the Employee Provident Fund Organisation (EPFO) is likely to be taken in the next Central Board of Trustee (CBT) meeting, starting on March 25. A letter from the social security organisation regarding the convening of the 233rd CBT meeting was sent to all the board members last week, soliciting their presence in the meeting. Although the venue and the agenda haven't been drawn out yet, sources familiar with the matter say that the interest rate is unlikely to go below 8 per cent level amid a rising interest rate scenario across the globe.
West Bengal Chief Minister Mamata Banerjee on Saturday accused NIA officials of attacking villagers in Purba Medinipur district, the BJP hit back at her saying that the attack on the NIA officials is Sandeshkhalli 2.0 orchestrated by the state.
The ambitious scheme "Abhay Hastam" (Hand of Reassurance), providing pension to every member of women's self help group after crossing the age of 60, will be launched by Andhra Pradesh government from November 1, the Chief Minister Y S Rajasekhara Reddy said on Thursday.
Soldiers remain firm in their protest against the delay in the implementation of the One Rank One Pension scheme.
Leading up to the International Women's Day on March 8, this is the first of a four-part series that talks about how women can invest to achieve their long-term financial goals.
The self-employed should invest in the National Pension System, a government-backed, low-cost retirement avenue where they can choose the mix of debt and equity that is right for them.
A portfolio can be rebalanced by either selling a portion of the outperforming asset class or by buying more of the underperforming asset class.
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.
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