After a four-year wait, the Pension Fund Regulatory and Development Authority is ready to kick off the process to set up private pension funds so that salaried and non-salaried people can start investing April onwards.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
The minimum capital required for setting up a pension fund is likely to be fixed at Rs 25 crore (Rs 250 million), one fourth of what is prescribed for the insurers.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
PFRDA will invite bids to appoint pension fund managers.
India and Canada are negotiating a long-term uranium supply agreement worth $2.8 billion. They are also exploring expanded civil nuclear cooperation after the passage of the SHANTI Bill.
TMC leader Abhishek Banerjee criticised the Union government over the hike in commercial LPG prices, accusing the Centre of taking from the people while the Mamata Banerjee administration provides relief. He challenged the Prime Minister to release a white paper detailing central funds allocation in Cooch Behar.
Among its 27 recommendations for the Union Budget is this: It has suggested that equity investments held for more than one year and up to three years should be taxed at 12.5 per cent on gains exceeding 2 lakh in a financial year.
The government bond yield curve is likely to flatten in the financial year 2027 (FY27) as the Reserve Bank of India (RBI) is expected to ease supply pressure in the ultra-long segment. In FY26 so far, reduced investments by insurance companies and pension funds pushed up yields on ultra-long tenor securities, steepening the curve.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries
Issuers have allotted nearly four times as much to mutual funds (MFs) as they have to insurance companies in recent quarters. MFs invested Rs 21,976 crore as anchor investors in initial public offerings (IPOs) on a trailing four-quarter basis, according to data from Prime Database.
The first of the six pension funds to be set up in the country is to be launched on October 2, well in time to operationalise the new pension scheme for government employees joining after October.
TMC leader Abhishek Banerjee criticises the Union government over the hike in commercial LPG prices, accusing the Centre of 'taking' from people while the Mamata Banerjee administration provides relief. He also challenged the BJP to present a report card of its work in Rajganj constituency.
Trinamool Congress leader Abhishek Banerjee is urging voters in Murshidabad to support the TMC to thwart the BJP's influence in West Bengal. He criticised the Congress and other parties, accusing them of indirectly supporting the BJP, and highlighted the TMC's commitment to protecting minority voters and preventing the implementation of NRC in Bengal.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Cabinet to take up proposal to extend operation & maintenance contracts from 9 to 29 years
Seven public sector entities including the Life Insurance Corporation and State Bank of India on Friday submitted expressions of interest to the Pension Fund Regulatory and Development Authority
Trinamool Congress leader Abhishek Banerjee has accused the BJP government of conspiring against Indian citizens by deleting names from electoral rolls and diverting attention from core issues.
Sebi is working with other regulators to expand the CAS framework.
The Shiromani Akali Dal (Punar Surjit) has launched its 'vision document' outlining its ideological direction and commitment to the rise of the 'Panth' and the progress of Punjab. The 'Akali Declaration 2026' addresses issues concerning youth, farmers, women, and other sections of society, with a focus on education, health, and internal party reforms.
The National Commission for Women (NCW) has submitted a comprehensive set of recommendations to various central ministries, outlining a survivor-centric framework to enhance care, justice, and rehabilitation for acid-attack victims.
Foreign pension funds are making a beeline for India despite the turmoil in global markets.
State Bank of India, UTI AMC and Life Insurance Corporation will start investing the corpus of the new pension system (NPS), estimated around Rs 2,000 crore (Rs 20 billion) now, in market instruments including 15 per cent in equities from end-June 2008.
Fund managers queued up to grab a pie of the new pension scheme that opens for subscription on May 1. But even before the scheme is launched, they are complaining of it being a loss-making business with the investment management fee fixed at 0.009 per cent.
Activity in the corporate bond market is set to gain momentum following a 25-bp policy repo rate cut by the rate-setting panel of the Reserve Bank of India (RBI). State-owned public cebPower Finance Corporation (PFC) and Small Industries Development Bank of India (Sidbi) are planning to raise up to Rs 11,500 crore through bonds on Tuesday as issuers expect borrowing costs to ease.
Trinamool Congress leader Abhishek Banerjee has urged voters to support the TMC as the only way to defeat the BJP, particularly in areas with a strong Congress base. He accused the BJP of dividing communities and failing to address key issues such as river erosion and farmer distress, while outlining the TMC's welfare plans.
AIADMK general secretary Edappadi K Palaniswami has announced a series of welfare measures, including free refrigerators for rice ration cardholders, if the party wins the 2026 Assembly election in Tamil Nadu.
'The informal sector can grow at a 100 per cent rate -- we have to plan big.'
Tax deduction limit up Rs 50K for investment in pension fund.
rediffGURU T S Khurana answers readers' personal income tax queries
Besides these entities, IDBI Capital was shortlisted by the interim pension regulator PFRDA for acting as a fund manager and asked to submit bids.
A 10-part series that explains all you want to know about how India's EPF turns a slice of your monthly salary into long-term savings, pension, and life insurance.
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