The DMK party in Tamil Nadu has released its manifesto for the upcoming Assembly elections, promising a range of welfare measures focused on women, education, and economic development, including financial assistance and job creation initiatives.
The Employees' Provident Fund Organisation (EPFO) board has approved liberalised part withdrawals for subscribers, allowing up to 100 per cent EPF withdrawal, and rolled out the 'Vishwas Scheme' to reduce litigation through rationalised penal damages.
rediffGURU T S Khurana answers readers' personal income tax queries
The Trinamool Congress (TMC) has released its manifesto for the West Bengal elections, focusing on welfare politics and women's empowerment with pledges to expand existing schemes, improve healthcare, and develop infrastructure.
Political observers said the announcement assumes significance as the state prepares for the assembly elections, with political parties stepping up outreach to various community groups.
Entities controlled by governments - sovereign wealth funds, and pension funds - have recorded higher growth in equity assets under custody compared to other foreign portfolio investors (FPIs) over the past five years.
Haryana Chief Minister Nayab Singh Saini addressed the 'Saini Samaj' in Punjab, appealing to the OBC community ahead of the upcoming state elections. He criticized rival parties for neglecting OBCs and highlighted the BJP's commitment to their welfare.
Trinamool Congress leader Abhishek Banerjee alleges the BJP-led government may increase fuel prices after the West Bengal assembly elections, accusing them of neglecting the common man and withholding funds from the state.
In the rush to complete tax-saving investments at the end of the financial year, many taxpayers choose instruments that do not match their long-term financial goals.
The Supreme Court of India has allowed passive euthanasia for a 32-year-old man who has been in a permanent vegetative state since 2013, highlighting the legal and ethical considerations surrounding the right to die with dignity.
EPF nominations decide inheritance -- here's what happens if you don't file.
Former Vice President Jagdeep Dhankhar has requested a government bungalow, as per his entitlement, following his resignation. The Union Housing and Urban Affairs Ministry is considering his request.
While EPF rewards patience and compounds your money, inflation decides how far your money really goes.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Erroneous payments were made to 77,980 women and 12,431 men, many of whom did not qualify for the scheme's benefits.
The Delhi High Court has dismissed petitions from the Ministry of Defence challenging disability pension orders for armed forces personnel, emphasizing that such pensions are a right, not an act of generosity, and should not be denied based solely on the location of disability onset or claims of lifestyle diseases.
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.
SBI unions walk out of pact saying interests not served
EPF doesn't just build your retirement fund -- it also provides free life insurance up to Rs 7 lakh under the EDLI scheme.
'There is a challenge in repositioning yourself, maybe reinventing yourself.'
'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 new labour Codes, notified by the central government in November 2025, have pushed up employee costs for private-sector banks and insurance companies, with these firms reporting higher operating expenses in the October-December quarter (Q3FY26) due to the statutory impact of the new labour Codes.
Let's decode how EPS works, who qualifies, and how pensions are calculated, using simple examples for different salary levels.
The most common mistake is investing without assessing suitability and long-term implications.
'The informal sector can grow at a 100 per cent rate -- we have to plan big.'
While the DMK depends on a 'silver sieve' of welfare schemes to stay in power, its support is slowly draining away under the weight of poor governance, corruption, and voters who are no longer satisfied with benefits alone and now want basic administration to work, observes N Sathiya Moorthy.
The Unified Pension Scheme (UPS) adoption rate has risen to over 4.35 per cent, with more than 100,000 people out of 2.3 million eligible individuals opting for it, Pension Fund Regulatory and Development Authority (PFRDA) chairman S Ramann said in an exclusive interview with Business Standard on Monday. He also said that six states had approached the PFRDA for help in adoption of the scheme.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
The government on Sunday gave a strong push to upgradation and expansion of healthcare infrastructure, medical education and pharma sector with the Union Budget 2026-27 announcing a slew of steps, including those aimed at making India a global hub for allied healthcare professionals and biopharma manufacturing.
'The tragedy underscored 'serious and widespread' weaknesses in the EPFO's monitoring system and its ability to detect and act against defaulting establishments.'
India has managed high government debt-to-GDP, a slowing domestic revenue engine, lower household savings and a more hostile geopolitical environment separately in the past. But together, they threaten to undo the growth narrative on which today's optimism rests, warns Debashis Basu.
The Bombay High Court has ruled that Pushpa Ganediwala, the former HC judge who had faced criticism for a series of controversial judgments in POCSO Act cases, is entitled to receive pension on par with a high court judge. Ganediwala was demoted as district sessions judge at the end of her additional judgeship in 2022 following an uproar over some judgments passed by her on the interpretation of what constitutes a sexual assault under the Protection of Children from Sexual Offences (POCSO) Act. She had filed a petition challenging a communication issued by the HC registrar declaring that she was not eligible for pension of a HC judge. The court quashed the communication and directed the registry to fix her pension with 6% interest from February 2022.
The Indian government has increased the salaries of Members of Parliament (MPs) by 24 percent, effective April 1, 2023. This increase was based on the Cost Inflation Index and brings their monthly salary to Rs 1.24 lakh. The notification also included increases in daily allowances for sitting members, pension, and additional pension for former MPs. While some MPs welcomed the increase, others expressed dissatisfaction and instead advocated for a rise in the MP Local Area Development Fund (MPLADS). The increase has been implemented based on the Salary, Allowances and Pension of Members of Parliament Act and the Cost Inflation Index specified in the Income Tax Act of 1961.
The Cabinet on Tuesday approved the Terms of Reference (ToR) of the 8th Pay Commission, which is likely to be implemented from January 1, 2026.
The National Pension System is applicable for government employees joining the service after April 1, 2004. It was based on the premise of contribution rather than defined benefit applicable for employees prior to the NPS.
Finance Minister Nirmala Sitharaman on Monday introduced the Taxation Laws (Amendment) Bill, 2025, which aims to provide tax exemptions to subscribers of the Unified Pension Scheme.
Those who have long retirement horizons of 15 to 20 years and seek higher long-term returns may opt for MSF. Investors nearing retirement (under 10 years) or those with low risk tolerance should stay away.
'There is no provision for a specific salary for the vice president; instead, they receive remuneration and benefits commensurate with their role as the chairman of the Rajya Sabha.'
Most think tax-saving deductions exist only in the old regime. But the New one quietly retains 40+ ways to ease your tax load
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.
