Switching to the UPS could be a game-changer for your retirement planning, especially if you value guaranteed benefits and higher government contributions, observes Ramalingam Kalirajan.
'They (government) are trying to create market for pension products'.
Ahead of the crucial CBT meet, the Employees' Provident Fund Organisation's advisory body Finance and Investment Committee will firm up its view on the matter.
rediffGURU Ulhas Joshi answers your personal finance and mutual fund queries.
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
Finance Minister Nirmala Sitharaman on Tuesday announced income tax relief for the middle class, a Rs 2 lakh crore outlay for job creation schemes over the next five years and a spending splurge for states run by her party's new coalition partners as she unveiled the Modi 3.0 government's first budget after the general elections.
Chief Justice of India DY Chandrachud has set in motion the process of appointment of his successor by recommending to the Centre the name of senior-most Supreme Court judge Justice Sanjiv Khanna.
A group of current and retired faculty members at the Indian Institute of Management-Bangalore (IIM-B) has asked leaders of corporate India to "de-fund" the spread of misinformation and hate speech through news channels and social media.
Nikunj Saraf, Vice President Choice Wealth, answers your queries
'Younger employees, who tend to have a higher risk appetite, will find NPS advantageous due to the potential gains from equity markets over time.'
Justice Sanjiv Khanna 'belongs to that school of legal luminaries who give the highest primacy to facts.'
The Central Board of Trustees, which is the apex decision-making body of the Employees' Provident Fund Organisation, met on Monday and approved the interest rate.
The IPO market is set to be bustling next week, with 11 companies like Vishal Mega Mart, TPG Capital-backed Sai Life Sciences and fintech firm One Mobikwik Systems gearing up to launch their initial share sales, collectively aiming to raise nearly Rs 18,500 crore. Other mainboard IPOs to be launched during this period are Inventurus Knowledge Solutions Ltd and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd.
The primary market will remain abuzz with more than half a dozen companies, including Hyundai Motor India, Swiggy, and NTPC Green Energy, lined up initial public offerings over the next two months to raise around Rs 60,000 crore, merchant bankers said. Apart from these three firms, Afcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and Garuda Construction are among the companies planning to launch initial public offerings (IPOs) during October-November, they added. Together, these firms are looking to raise Rs 60,000 crore through their IPOs.
Anandiben Patel said students should study ancient Indian texts to appreciate the unparalleled research and discoveries made by their ancestors.
New retirement schemes from MFs offer Section 80C benefit but locks in your money for five years
Early retirement is not just about money and calculators. It is more about rediscovering your passions, strengthening bonds, and living a life filled with purpose, connection, and lasting happiness. It's about reclaiming your life, explains Vatsal Ramaiya.
Rediff.com spoke to registered investment advisors to figure out how best the extra Rs 17,500 saved ever year can be invested to create a decent corpus in the years ahead. This is what they said.
Retirement fund body EPFO has extended the date for filing applications to opt for a higher pension till June 26, 2023. In order to provide a larger window of opportunity and in order to enable all eligible persons to file their applications, the timeline for filing applications would now be till 26th June, 2023, according to a statement. "The EPFO (Employees' Provident Fund Organisation) has made arrangements for obtaining applications for validation of option/joint option from pensioners/members as per the Supreme Court order on November 4, 2022," labour ministry said in a statement.
A total of 121 people, mostly women, died in the stampede after a satsang of Surajpal alias Bhole Baba alias Narayan Sakar Hari on July 2 in Fulrai village in Hathras' Sikandra Rao area.
rediffGURU Sunil Lala answers your personal finance-related queries.
Retirement fund body EPFO on Wednesday said its corpus of about Rs 3.5 lakh crore will now be managed only by one of the existing fund manger, SBI, for a three month period ending June 30 as an interim arrangement.
When the landslide hit, Sruthi's house was washed away, along with its inhabitants. She lost her entire family and some relatives. All she had left for a close confidante was her fiance Jenson. Days after the landslide and the loss of her family, Jenson died in a road accident that also left Sruthi with serious injuries. News of the accident and Sruthi's backdrop as the lone surviving member of a family wiped out in the July landslide, was picked up by the media, and people rushed to help.
EPFO manages a huge corpus of over Rs 6 lakh crore (Rs 6 trillion).
Gandhi has been attacking the prime minister on the Adani issue and has been demanding an investigation into the matter.
'Understand how wedding expenses fit into your overall financial situation.' 'Evaluate how different levels of spending will impact other goals like retirement, travel, or housing.'
Retirement fund body EPFO has extended the deadline for filing applications to opt for a higher pension till July 11. This is the second extension of the deadline for applying for a higher pension. Earlier, it was extended from May 3, 2023, to June 26, 2023.
For those looking for more affordable options, purchasing an under-construction property could be a smart move, as these generally cost less than ready-to-move-in properties.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Indian shuttler Ajay Jayaram took to social media to announce his retirement.
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
Follow this 15 x 15 x 15 rule to become a crorepati without taking big risks. Ramalingam Kalirajan explains how
'Young investors should focus more on equity, while retired senior citizens should prioritise fixed income.' 'Mid-career investors should aim for a balanced allocation.'
Do you have parents who have turned 60? You may want to forward Sarbajeet K Sen's suggestions to them.
Indian carrier Vistara on Monday announced voluntary retirement scheme (VRS) and voluntary separation scheme (VSS) for its permanent ground staff ahead of its merger with Air India, which had announced similar plans for its non-flying permanent staff two weeks ago.
He will take oath on November 11, a day after incumbent Justice DY Chandrachud demits office on attaining the age of 65.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
The government has asked the Employees Provident Fund Organisation (EPFO) to begin parking three to five per cent of its subscribers' retirement funds in stocks for better returns -- a move that would also increase flow of funds to capital markets by up to Rs 13,000 crore (Rs 130 billion).
The best way to achieve financial security isn't by cutting out every vada pav or limiting yourself to home-cooked meals; it's by making yourself indispensable at work, says Vatsal Ramaiya.
DAP does not consider past I-T returns to match a taxpayer's resources with their expenditures or investments, points out Harsh Roongta.
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