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
The choice should depend on the size of the retirement corpus, stage in life, and state of health.
The government appointed panel will look at the difficulties consumers faced in receiving the subsidy after buying gas cylinders at market rates.
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.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The Securities and Exchange Board of India (Sebi) may allow non-resident Indians (NRIs) and Overseas Citizens of India (OCIs) greater exposure to domestic equities if their investments are sent through foreign portfolio investors (FPIs) registered at the GIFT City International Financial Services Centre (IFSC). The proposal will be taken during Sebi's board meeting on Saturday along with other key agenda items such as easing of voluntary delisting mechanism and introduction of a regulatory framework for real estate fractional ownership platforms, said people in the know. At present, the combined holdings of NRIs and OCIs in a global fund have to be less than 50 per cent, while that of a single NRI or OCI is capped at 25 per cent.
On poll eve, both the BJP and the Congress claimed they were headed towards a majority and would form the government.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The EPFO has about 3.7 crore (37 million) members.
Upset over delay in formal notification of the one rank, one pension scheme, the protesting ex-servicemen today announced that they will return their medals across the country next week.
The five-day a week job involves cleaning and caring for interiors and items from carpets and furniture to historic vases and irreplaceable paintings to the highest standard.
Senior citizens should avoid putting their entire retirement corpus in SCSS.
Insurance firms have designed amazing retirment plans to lure more customers.
Tejashwi said the NDA won the assembly elections through "deceit".
The chief minister and his wife Kamlesh Thakur presented a cheque of Rs 51 lakh to chief secretary Prabodh Saxena at their official residence in Shimla.
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.
Stating that pushing GDP growth, which has slipped to 5-year low of 6.8 per cent in 2018-19, is the top priority, President Ramnath Kovind said Modi govt will bring more reforms and raise farm investments to boost growth.
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.
Defence Minister Rajnath Singh on Saturday approved a proposal to reserve 10 per cent of the job vacancies in the defence ministry for 'Agniveers' who meet requisite eligibility criteria.
India's largest PSU bank, State Bank of India, delivered excellent results, once the impact of a big jump in employee expenses was adjusted for. The net interest income (NII) beat the Street due to a better net interest margin (NIM) and good loan growth. The credit growth at 5.2 per cent quarter-on-quarter (Q-o-Q) (15 per cent year on year) was excellent for a large bank.
Jack Ma, founder of China's e-commerce giant Alibaba suffered a major setback on Tuesday as Shanghai and Hong Kong Stock Exchanges suspended dual listing of the shares of his world's biggest initial public offer of $39.7 billion of the group's subsidiary - the Ant Group, 48 hours before the highly-anticipated trading was due to start. The Shanghai Stock Exchange surprised market investors with an abrupt announcement late on Tuesday that it will suspend Ant Group's IPO, as regulators and the public debate the balance between financial innovation and risk control, state run Global Times reported. According to media reports, the Hong Kong exchange followed suit several minutes later.
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
Finance Minister Nirmala Sitharaman on Wednesday said the National Rural Livelihood Mission has achieved remarkable success by mobilising rural women into 1 lakh SHGs (self help groups).
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.
Insurance behemoth LIC on Tuesday said it has garnered a little over Rs 5,627 crore from anchor investors led primarily by domestic institutions ahead of its mega initial public offering (IPO). Anchor Investors' (AIs) portion (5,92,96,853 equity shares) was subscribed at Rs 949 per equity share, the insurer said in an early morning filing to exchanges. Out of the allocation of about 5.9 crore shares to AIs, 4.2 crore shares (71.12 per cent) were allocated to 15 domestic mutual funds through 99 schemes, the filing said.
The Supreme Court on Wednesday said that One Rank-One Pension (OROP) in Armed forces is a policy decision and suffers from no constitutional infirmity.
On retirement, you will draw a lesser amount as pension.
The government is likely to present a "run-of-the-mill" budget with an fiscal slippage to 3.7 per cent of the GDP in the next fiscal from an earlier target of 3.5 per cent, a Nomura report says.
New retirement schemes from MFs offer Section 80C benefit but locks in your money for five years
Over 34 trains were cancelled and eight more partially cancelled on Thursday due to protests against the Agnipath scheme to recruit youngsters into the armed forces and delays in the Railway Recruitment Board (RRB) exams.
Ashwini Vaishnaw has repeatedly warned officials "to take VRS and sit at home" if they did not perform.
The Railways has also partially cancelled two mail/express trains, thus the total number of trains affected during the day is 371, the officials said.
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.
The capital outlay for the three services, for modernisation, stood at Rs 78,586.68 crore
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.
Rahul also held a 75-km long road show and a Nukkad Sabha in Haridwar.
If a risk taker and young, NPS would suit her/him. Otherwise, s/he should go for EPF.
Veterans protesting for early implementation of One Rank, One Pension are likely to meet Modi in the last week of August.
