Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Retirement fund body EPFO has recorded the highest net member addition of 18.75 lakh in July 2023, according to the payroll data released on Wednesday. The labour ministry in a statement said that the addition of 18.75 lakh during the month is the highest since the first publishing of EPFO payroll data from April 2018 covering the period of September 2017 onwards. A growing trend has continued for the last three months with an increase of around 85,932 net members over the previous month of June 2023.
The 8.1 per cent interest rate was recommended by the Central Board of Trustees after its meeting in Guwahati under the chairmanship of Union Labour and Employment Minister Bhupendra Yadav, a labour ministry press statement said.
rediffGURU Sunil Lala answers your MF-related queries.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
'We are not secessionists, we want to coexist with our countrymen but not on the terms that will strip us off our dignity and a right to peaceful existence.'
'What happened to Andhra Pradesh? It is the perfect example of the transientness of Federal Units.' 'Federalism is a transient thing in this country.'
Do you have financial planning queries? Ask rediffGURU Anil Rego.
Serena Williams is leaving tennis but her love affair with the sport will continue assured the 23-times Grand Slam winner on Monday, after reaching the second round of the US Open which could be her competitive swan song.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
About 10 premises in the national capital are being covered as part of the raids.
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.
Even though the NIA claims that more than 90 per cent of cases charge-sheeted have ended in conviction, the figure is likely misleading. To date, very few cases investigated by the NIA have resulted in a completed trial, points out former CBI joint director Navneet Rajan Wasan.
With the new facility, settling PF withdrawal claims would just take few hours.
A 24-year-old Indian man who went to Canada in 2022 to pursue higher education was shot dead in his car in Vancouver city, police said on Sunday.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
Decisions should not be based on feelings, such as optimism or pessimism about the stock market or specific investment products, suggests Avinash Luthria.
Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International Holdings Ltd (IIHL) for the takeover of debt-ridden Reliance Capital. "We are happy to acknowledge the receipt of approval from IRDAI yesterday (May 10, 2024) on the auspicious occasion of Akshay Tritiya. "The approval is subject to certain 'regulatory, statutory, and judicial' clearances/compliances," an IIHL spokesperson said in a statement.
The Labour Ministry has relaxed investment norms for retirement fund manager EPFO, but refrained from allowing the body to invest a part of its huge corpus of around Rs 5 lakh crore in equity markets.
Do you have financial planning queries? Ask rediffGURU Anil Rego.
The Supreme Court on Wednesday asked the Jalan-Kalrock consortium, the new owners of cash-strapped Jet Airways, how much have they paid towards dues on account of provident fund and gratuity to the former employees of the troubled airline. The top court made the query while commencing the hearing on a batch of petitions, including the one filed by the Jet Aircraft Maintenance Engineers Welfare Association, against the October 21, 2022 order of the insolvency appellate tribunal NCLAT.
Following a virtual meeting on June 16th, 2024, the All India Football Federation (AIFF) announced a change in leadership for the Senior Men's National Team.
EPFO is managing a corpus of Rs 6.5 lakh crore.
Siddaramaiah even said that he would retire from politics if even one instance is presented with proof that he had made money by transferring officials.
Indian economist Kalpana Kochhar, who heads the Human Resources Department of the International Monetary Fund, is leaving the organisation to join the Bill and Melinda Gates Foundation, the IMF announced on Wednesday. Kochhar, who served in various senior positions during her three decades at the IMF, will retire on July 30, it said.
'If the Congress loses this time, Rahul Gandhi will not look back at Amethi ever again.'
The two major parties offer the United States choices that are basically unacceptable and the bench strength, such as it is, is not entirely capable of winning popular acclaim, notes Shreekant Sambrani.
Do you have financial planning queries? Ask rediffGURU Anil Rego.
Finance Minister Arun Jaitley, who wants pension and insurance funds to invest more in equities and infrastructure.
The auditor of ABG Shipyard, which is being probed by the Central Bureau of Investigation (CBI) for the Rs 23,000-crore default to banks, had settled an investigation by the Securities and Exchange Board of India (Sebi) by paying a small settlement fee in 2019. The regulator had initiated an investigation into the fund diversion from ABG Shipyard and had asked the auditor to explain why it failed to detect fund diversion in time. In his settlement application, auditor MN Ahmed, partner of Nisar & Kumar, a chartered accountant firm, said he ceased to be an Indian citizen and has retired from the profession.
'TMFs trump FMPs and FDs when it comes to investing in a high-duration product.'
'The Railways decided to go for kavach three years back, but the progress has been very slow.'
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
A remarkable story which helped in transforming a bureaucratic organization, to a customer centric organization. This experience may inspire several government / private organizations to modify or adopt digitisation to transform their business, notes Professor N Ravichandran (retd).
Do you have financial planning queries? Ask rediffGURU Kirtan A Shah.
Private-equity funds made an average annual return of just 7 per cent between January 2007 and December 2013 while the Sensex was up 11 per cent.
rediffGURU Samkit Maniar answers readers' personal income tax queries
The first step is to estimate the retirement corpus you would need and to compute the approximate amount you can set aside every month, says V Viswanand, Senior Director and Chief Operations Officer, Max Life Insurance
Retirement blues can sometimes result in actions that are dysfunctional, notes Ajit Balakrishnan.
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