RIS Steady Life Cycle begins with an equity allocation of 35 per cent at age 60, which gradually reduces. Between ages 75 and 85, it remains constant at 10 per cent.
Pakistan Prime Minister Shehbaz Sharif announced that a US-Iran peace deal is on the verge of finalisation, potentially within the next 24 hours, marking a significant diplomatic breakthrough after months of intense negotiations.
West Bengal Chief Minister Mamata Banerjee has accused central forces of searching her car and criticised the BJP for alleged election misconduct during a rally in Islampur, Uttar Dinajpur district.
Haryana Police busted a fake international call centre in Panchkula, arresting 21 individuals for defrauding US citizens by posing as employees of a leading e-commerce company.
'They (government) are trying to create market for pension products'.
The National Consumer Disputes Redressal Commission dismissed a flat buyer's plea for a refund from a builder facing liquidation, highlighting the challenges faced by consumers in stalled real estate projects.
The Pension Fund Regulatory and Development Authority (PFRDA) has launched a new Retirement Income Scheme (RIS) and drawdown options under the National Pension System (NPS), offering greater flexibility for managing pension savings post-retirement. Additionally, PFRDA has eased annuity surrender rules, allowing exits in cases of critical illness or for older contracts with explicit surrender clauses.
The Indian central government has reduced its total expenditure by approximately 60,000 crore in FY26, below its revised estimate, to successfully achieve the fiscal deficit target of 4.4 per cent of gross domestic product (GDP), according to the latest data from the Controller General of Accounts (CGA).
The Bangalore Water Supply and Sewerage Board (BWSSB) is set to explore the use of AI, predictive analytics, and robotic inspection technologies to detect water theft, reduce leakages, and improve operational efficiency across Bengaluru's water distribution network.
The University of Gloucestershire is looking for international student-athletes for funded study and training opportunities in the UK.
The Supreme Court of India has granted bail to Kashmiri separatist leader Shabir Ahmed Shah, who has been in jail for over eight years in a terror funding case, citing the unlikelihood of a timely trial conclusion and the curtailment of personal liberty.
'Whether you will bring this down and cause hurt to senior citizens, who are probably living on that little interest rate that they earn out of it... But equally, if I just look at the kitty of the National Small Savings Fund, it is from that same kitty that I'm borrowing.'
Indian investigators are tracing the supply chain of a US-manufactured GoPro camera found with Lashkar-e-Taiba terrorists, revealing a potential external logistics network supporting terror outfits in Jammu and Kashmir.
The over 3.2 crore subscribers to the provident fund may get a lower 9 per cent interest from April instead of the prevailing rate of 9.5 per cent.
After living in India's most palatial residence for 12 years, India's first President Dr Rajendra Prasad returned to his simple hut on the banks of the Ganga. He never owned a house of his lifetime.
Krutrim, India's first AI unicorn, has successfully repositioned itself as a focused domestic AI Cloud Services provider, reporting its first annual net profit in FY26.
The Anti-Corruption Branch (ACB) has arrested nine individuals linked to coaching institutes in connection with an alleged Rs 37.20-crore scam involving a Delhi government scheme.
Read all account documents, ask questions, and conduct basic due diligence before agreeing to become a joint holder.
Tensions in West Asia have dramatically escalated as Israel launched targeted military operations against Iran, triggering widespread blasts across strategic cities, following earlier Iranian projectile attacks on Israel.
Global pop stars Shakira, Madonna and Korean sensation BTS will headline the first-ever halftime show at the 2026 FIFA World Cup final with proceeds going towards a global education initiative.
The AITUC has suggested utilisation of the entire corpus for creation of the infrastructure development fund. Do you agree?
The Reserve Bank of India (RBI) has announced a record surplus transfer of Rs 2.87 trillion to the central government for FY26, driven by increased income and an expanded balance sheet, despite a reduction in the contingent risk buffer (CRB) to 6.5 per cent.
'It has always been viewed as a hedge against inflation.'
A special court has granted the Enforcement Directorate (ED) permission to arrest self-styled godman Ashok Kharat in connection with a Rs 70 crore money laundering case. Kharat, already facing rape and fraud charges, was produced before the Special PMLA Court on a production warrant from Nashik jail.
A Thane resident was defrauded of Rs 93.30 lakh after being enticed into a forex trading scheme by two individuals, who have since been booked by the police.
Congress leader Rahul Gandhi on Friday said the government's argument that the Great Nicobar Island Project is about defence and a trans-shipment port is a "lie", and alleged that it is actually about benefiting one businessman so that he can build hotels and casinos on India's most irreplaceable ecological land.
Dehradun Police and the STF have arrested another person allegedly involved in the daylight killing of Jharkhand gangster Vikram Sharma three months ago.
A Thane court has sentenced a financial advisor to two years rigorous imprisonment in a case of criminal breach of trust filed by a woman and imposed a fine of Rs 30 lakh on him.
Faridabad police have arrested a husband and wife from Mumbai for allegedly defrauding people of approximately Rs 31 crore through fraudulent investment schemes in forex trading and film production.
The Indian stock market mythos of 36 years is wrapped in a diaphanous negligee, lashed together by a delicate, etheric sash of 1.6 bull markets. To make money from here on will require a ground invasion, trench by trench, rather than carpet bombing. Way more difficult, points out Shankar Sharma.
A Delhi court has ordered the framing of charges against Sukesh Chandrashekar and 20 others under MCOCA and other offences related to extortion and organised crime.
The building suffered extensive damage in the fire, with debris, shattered glass and burnt materials strewn in the vicinity. A large crowd gathered near the site as authorities cordoned off the spot and diverted traffic to facilitate rescue operations.
Overlap refers to the same stocks appearing across fund portfolios.
Self-styled godman Ashok Kharat, already jailed for alleged rape and fraud, has been arrested by the Enforcement Directorate in connection with a Rs 70-crore money laundering case. The arrest follows court approval and is part of an ongoing investigation into a large-scale extortion racket.
The Supreme Court has directed the preparation and implementation of a time-bound eviction plan to address encroachments within the protected areas of the Agasthyamalai ecological landscape in Tamil Nadu, also ordering action against government servants involved.
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.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
Rajasthan Police dismantled a cyber fraud operation, arresting 17 individuals for allegedly defrauding an accountant of Rs 5.30 crore by impersonating his company's chairman on WhatsApp.
The Delhi Police's Economic Offences Wing (EOW) has dismantled a GST fraud cartel, arresting six individuals involved in swindling Rs 128 crore through shell companies and fake invoicing.
The Indian government has announced the replacement of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) with the Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin), or VB-G RAM G Act, 2025, effective July 1. The new scheme aims to expand guaranteed wage employment and link it more closely with infrastructure development and climate resilience, but faces concerns from opposition parties and labour rights activists.
