The outlook for India's financial sector appears bright, but it needs to brace for likely vulnerabilities, said Economic Survey 2023-24 tabled in Parliament on Monday. The Indian financial sector is at a "turnpike moment", it said, adding that the dominance of banking support to credit is being reduced, and the role of capital markets is rising. For a country that aspires to be a developed nation by 2047, this is a long-awaited and welcome development, it said.
'Young investors with limited funds should ensure that investing in NPS does not crowd out their other, more liquid, investments.'
'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
Indian shuttler Ajay Jayaram took to social media to announce his retirement.
New retirement schemes from MFs offer Section 80C benefit but locks in your money for five years
Asia's richest man Mukesh Ambani drew nil salary from his oil-to-telecom-and-retail conglomerate Reliance Industries for the fourth straight year in a row while his children earned a sitting fee and a commission for being on the board of India's most valuable company. Ambani, 67, had capped his annual remuneration at Rs 15 crore from financial year 2008-09 (April 2008 to March 2009) to 2019-20 (FY20); and since FY21, he opted to forego his salary, due to COVID-19 pandemic, until the company and all its businesses were fully back to their earnings potential.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
Do you have parents who have turned 60? You may want to forward Sarbajeet K Sen's suggestions to them.
Dwaipayan Bose simplifies the whys and hows of revisiting your financial goals
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'We don't have to go abroad for anything.' 'Anyone who thinks we have a lot to learn from the US needs to have his head examined.' 'We are in a new era.'
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.
rediffGURU Ulhas Joshi answers your mutual fund queries.
EPFO manages a huge corpus of over Rs 6 lakh crore (Rs 6 trillion).
rediffGURU Ulhas Joshi answers readers' mutual fund queries
rediffGURU Vivek Lala answers your income tax and personal finance queries.
Self-styled godman Bhole Baba's lawyer A P Singh alleged on Sunday that witnesses told him some people opened cans containing a poisonous substance in the crowd during the July 2 Hathras 'satsang', triggering the stampede.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'There are ominous portents of an isolationist administration not only building a physical wall to the south to prevent unwanted immigrants from entering the land of milk and honey, but also trade walls not just against China, but all nations,' foresees Sreekant Sambrani.
rediffGURU Mahesh Padmanabhan answers readers' personal income tax 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 IPO market will be bustling next week, with four companies, including Bajaj Housing Finance, set to launch their initial share-sale to raise a total of Rs 8,390 crore. Besides these four main-board IPOs, nine SMEs are preparing to debut with their maiden public issues next week, targeting to collect Rs 254 crore. Together, these 13 firms are looking to raise Rs 8,644 crore through IPO.
The judicial commission set up by the Uttar Pradesh government will speak to anyone required for its inquiry into the July 2 Hathras stampede, a probe panel member said on Sunday when asked if self-styled godman Bhole Baba will also be questioned.
The Hathras SP said the investigation also revealed that some political parties had contacted him some time back.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
'I feel confident that, if we had to, if there was a problem with the International Space Station, we would get in (the Starliner spacecraft) and we could undock, talk to our team, and figure out the best way to come home'
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
He said a petition has been filed before the Supreme Court, seeking an independent probe by a special investigation team into the alleged nexus between political parties and companies for corruption through electoral bonds.
Retirement fund body EPFO recorded a net addition of 17.21 lakh members in September, according to payroll data released on Monday. Month-on-month comparison of payroll data shows an increase of 21,475 net members over August 2023, a labour ministry statement said. Year-on-year comparison of payroll data reflects an increase of 38,262 net members over September 2022.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
A bench comprising Justices Sanjiv Khanna and Dipankar Datta took note of the submissions of lawyer Prashant Bhushan, appearing for NGOs 'Common Cause' and the Centre for Public Interest Litigation, that the plea needed to be listed for hearing at the earliest.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
'People are blowing up their entire retirement fund; they are selling their land and house to spend on one day for a marriage.'
The CBI has booked five people for allegedly posing as Microsoft tech support and siphoning off USD 400,000 (Rs 3.37 crore as per current rates) retirement funds of a US citizen, officials said on Friday.
Deteriorating ties between India and Canada could have a bearing on flows into the domestic capital markets. At present, Canada is the seventh largest country for foreign portfolio investor (FPI) flows into India. According to the National Securities Depository Ltd (NSDL), the assets under custody (AUC) of FPIs domiciled in Canada stood at nearly Rs 1.8 trillion ($21 billion) at the end of August. Almost 85 per cent of these investments are in listed equity, while the remaining in debt and hybrid instruments.
A host of conspiracy theories followed, involving Indira Gandhi, her younger son Sanjay, his favourite small car project, secret funding of the Bangladesh Mukti Bahini and even the Central Intelligence Agency of the United States.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Life has come full circle for Nobel laureate Professor Mohammad Yunus, who faced persecution during Sheikh Hasina's regime for embezzlement, is now all set to head of the interim government in Bangladesh after she resigned and fled the country.
A salute to the youngest Param Vir Chakra Awardee, Subedar Major (Honorary Captain) Yogendra Singh Yadav who has retired from the Indian Army.
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