Odisha vigilance officers arrested the parents of a previously arrested banker, along with another individual, for allegedly embezzling Rs 5.56 crore in government funds in the Jajpur district. The accused are Pradip Kumar Mohanty, his wife Gitarani Mohanty, and Bishnu Prasad Dash. The funds were fraudulently diverted over six years.
Police in Shahjahanpur, Uttar Pradesh, have booked 12 district administration employees for allegedly issuing fraudulent disability certificates to 14 individuals without proper medical examinations. A separate case involves retired health department employees accused of siphoning funds through fake medical reimbursement claims.
Police in Shahjahanpur, Uttar Pradesh, have registered a case against 12 employees for allegedly issuing fake disability certificates to 14 beneficiaries without proper medical examination. A separate case involves retired health employees siphoning funds through fraudulent medical claims.
Amid mounting speculation over his position within the Trump administration, FBI director Kash Patel reportedly could be the next senior official to exit Trump's cabinet in recent times, according to a Politico report.
A 69-year-old man in Mumbai was defrauded of 1.57 crore (157,000) in a 'digital arrest' cyber scam. The victim was tricked into transferring funds to accounts controlled by cyber criminals posing as police officers.
rediffGURU T S Khurana answers readers' personal income tax queries
The Federal Retirement Thrift Investment Board's (FRTIB), one of the US government's main retirement funds, decision to change the benchmark index for gaining international exposure will channel $3.6 billion (Rs 30,000 crore) inflows into domestic equities. India has a weightage of 5.3 per cent, seventh-most in the new MSCI ACWI IMI ex USA ex China ex Hong Index, which FRTIB now plans to use. India isn't part of the current developed markets-dominated MSCI EAFE index that the pension fund uses.
A special CBI court in Mumbai has convicted a retired bank manager and nine others in connection with a 2004 loan fraud case, sentencing them to prison terms ranging from one to five years.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
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.
TMC leader Abhishek Banerjee accuses political rivals of being BJP agents and promises to restore voting rights to disenfranchised citizens in West Bengal. He also criticises the BJP's poll promises and highlights the TMC's Lakshmir Bhandar scheme.
The CBI has registered separate cases related to digital arrest fraud targeting a former professor and a retired gynaecologist from Gujarat, who were defrauded of a total of Rs 30 crore.
A retired school teacher in Kanpur was allegedly defrauded of Rs 1.57 crore (approximately 150,000) in a sophisticated cyber scam involving impersonations of Mark Zuckerberg and associates of Elon Musk.
The secret to building Rs 5 crore corpus lies in one simple decision. But the longer you wait, the more it costs you -- not just in money but in missed opportunities, says Ramalingam Kalirajan
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
The clock on the ceasefire is running out. But everyone's already whispering about round two, possibly as soon as this weekend.
Often criticised for offering less attractive interest rates than banks for most of the last five years, retirement fund manager EPFO hiked the annual rate of returns on employee provident funds to 9.5 per cent in 2010 and this time around, the banks were left behind.
Investors having a moderate-risk profile can use these funds in their retirement portfolios.
'Money is not just about greed or accumulation. It gives you freedom, dignity and choice. And you have every right to all three.'
The Dhurandhar movies will undoubtedly shape the minds of the audience much more than news reports, court investigations, books and documentaries. But it is worth remembering that Pakistan's irridentist claims against India's national security have succeeded due to strategic planning, diplomacy, and the unsung heroines and heroes across government agencies, not due to a single maverick leader, points out Shweta Desai.But it is worth to remember that Pakistan's irredentist claims against India's national security have succeeded due to strategic planning, diplomacy, and the unsung heroines and heroes across government agencies -- not a single maverick, points out Shweta Desai.
The Supreme Court of India has emphasised the importance of open access to all temples and 'maths' for everyone, warning that excluding any denomination would negatively impact Hinduism and divide society. This statement was made during hearings on petitions related to discrimination against women at religious sites and the scope of religious freedom.
By scrimping and saving your whole life for retirement, you need to make sure those funds are kept safe for your future needs. Here are a few tips on how to protect your retirement funds
Are you ready to take control of your financial future? Ramalingam Kalirajan offers a step-by-step guide to calculate exactly how much money you will need when you enter your golden years.
If you work for 30 years, a two per cent difference in pension returns can reduce your final retirement nest egg by 40 per cent. The Rs 9-trillion National Pension System (NPS) seems to be delivering incrementally higher returns than the twice-as-large Employees' Provident Fund Organisation (EPFO), shows a Business Standard analysis of data over the last seven years for the two retirement fund bodies. An investor who put in Rs 100 in retirement savings seven years ago would have seen her NPS nest egg grow to Rs 182 by 2023, according to the analysis based on the Pension Fund Regulatory and Development Authority's recently released Handbook of National Pension System Statistics 2023.
'The BJP is pouring in money so that only BJP candidates are visible everywhere.' 'If the Congress does not win this time, its survival itself will be a problem...'
Between the new schemes and existing pension funds from mutual fund houses, the latter seems like a better option for conservative investors
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
Your EPF isn't just a retirement pot. It's a financial safety net you can dip into for life's biggest needs. Here's how these one-time advances work and when to use them wisely.
A special court in Mumbai has dropped corruption charges against Guruashish Construction and its directors in a multi-crore cheating case after the CBI found no public servants involved in the alleged graft.
After winning a record five titles during an impressive eight-year period spell from 2013 to 2020. MI's winning run has hit a major roadblock -- going without a title in the last five years.
The most common mistake is investing without assessing suitability and long-term implications.
Regular money talks, setting up joint goals, and regular reviews can help couples stay aligned.
Regular money talks, setting up joint goals, and regular reviews can help couples stay aligned.
'Having a separate healthcare corpus is extremely important even for those already covered by health insurance.'
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.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
NPS Vatsalya offers a disciplined investment avenue that parents can use to create intergenerational wealth by contributing even small sums.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
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