'Other sectors that manage the savings pools of Indians are giving tough competition to life insurance companies.'
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.
Trai has ordered BFSI firms to move service and transaction calls to the 1600 series from 2026 to reduce spam, financial fraud, and rising digital arrest scams.
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.
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.
The Union Cabinet on Wednesday increased Dearness Allowance (DA) and Dearness Relief (DR) by 3 per cent for about 49.19 lakh central government employees and 68.72 lakh pensioners.
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.
EPF nominations decide inheritance -- here's what happens if you don't file.
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.
'These changes are expected to eliminate many data-entry problems that make the return filing process cumbersome in the current system.'
Ask rediffGURU and tax expert Mihir Tanna your income tax-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.
Ask rediffGURU Reetika Sharma your insurance mutual fund and personal finance-related questions.
Most think tax-saving deductions exist only in the old regime. But the New one quietly retains 40+ ways to ease your tax load
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.
He will hold the office till February 9, 2027.
Congress leader Priyanka Gandhi Vadra accuses the NDA of plotting to steal the Bihar assembly elections, alleging collusion with the Election Commission and voter roll manipulation.
Assessing where their funds are flowing gives traders a hidden edge in predicting the market direction and momentum.
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.
'Once the 60-plus population hits 20 to 30 per cent of the country, the demand for elderly-care treatments will surge -- cardiac, metabolic, neurological, and musculoskeletal medicines are going to dominate the market for the next several decades.'
India's equity markets may have expanded rapidly, but initial public offerings (IPOs) are increasingly becoming exit vehicles for early investors rather than as engines for raising long-term capital, a shift that undermines the spirit of public markets, Chief Economic Advisor V Anantha Nageswaran warned on Monday at a CII event.
Public sector banks (PSBs) have seen a sharp drop in household deposits from 70.6 per cent to 63 per cent in contrast with private banks, which witnessed a surge from 27.1 per cent to 34.1 per cent.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
EPFO has simplified PF withdrawals -- fewer rules, faster access, and more flexibility -- while introducing safeguards that make it harder to drain your retirement savings too early.
The strong domestic flow offset selling by foreign portfolio investors who pulled out $23.3 billion (Rs 2.03 trillion) from domestic equity markets in CY25.
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.
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.
'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.'
The reduction in goods & services tax (GST) on individual life and health insurance premiums has been called a "landmark step" for making insurance affordable and inclusive. In a panel discussion at the Business Standard BFSI Insight Summit 2025, Anup Bagchi, managing director (MD) & chief executive officer (CEO) of ICICI Prudential Life Insurance; Mahesh Balasubramanian, MD & CEO of Kotak Life Insurance; Tarun Chugh, MD & CEO of Bajaj Life Insurance; and Ratnakar Patnaik, MD of Life Insurance Corporation of India (LIC), listed what else the industry needs to reach more people.
The Congress on Friday posted its second worst performance in Bihar's electoral history, managing to win only six of the over 50 seats it contested and losing deposits in most seats as its 'vote chori' pitch failed to make any impact on the ground.
The NDA in Bihar, led by Chief Minister Nitish Kumar, strategically countered the Mahagathbandan's moves by implementing similar policies and announcements, effectively neutralising the MGB campaign promises and maintaining their political advantage.
rediffGURU T S Khurana answers readers' personal income tax queries
Tejashwi Yadav, the INDIA bloc's CM candidate, promised to scrap the Waqf (Amendment) Act if voted to power in Bihar, criticizing the current CM and the BJP.
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.
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.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Another populist decision of the government was the announcement of an unemployment allowance for the youth: Rs 1,000 per month for two years for graduates and those who have completed class 12 but remain unemployed.
Former poll strategist Prashant Kishor's Jan Suraaj expressed disappointment over its poll debacle in the Bihar assembly elections, attributing the NDA's victory to cash transfers to women.
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.
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.
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