The 4.7 crore (47 million) EPFO subscribers were left guessing during the year on continuance of 9.5 per cent interest rate for this fiscal, with the retirement fund body, in an unprecedented development, deciding to refer it to the finance ministry for a final decision.
The defence minister said that the expenditure has been highest in 2017-18. In the same manner, it was second highest in 2016-17 and third highest in 2015-16. The fourth highest defence expenditure since 2004-05 was in 2014-15.
Mutual fund units you can buy now to get good returns in the long term.
For professionals, new pension scheme gives an equity booster but does not guarantee returns, comes at a cost.
Finance Minister Ishaq Dar, who presented the budget in the National Assembly, the lower house of parliament, said the government will target a growth rate of 3.5 per cent in the coming fiscal year.
The government had introduced the proposal to deduct TDS on PF withdrawals in order to discourage pre-mature withdrawal and to promote long term savings.
Withdrawals from EPF and NPS to have same tax rates.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The CBT headed by Union labour minister would meet on September 4.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Airline told to transfer non-core assets, subsidiaries to special purpose vehicle
When taken at the right time it can prove to be your best friend during old age
Last month, the Employees' Provident Fund Organisation had brought down the rate of interest to 8.25 per cent for 2011-12 from 9.5 per cent provided in 2010-11, evoking sharp criticism within and outside Parliament.
The government may double to ten per cent the ceiling of retirement funds managed by private organisations for investing in listed companies, a move that could further boost the already bullish stock markets. The finance ministry is likely to take a final decision next week on allowing private provident funds, superannuation funds and gratuity funds to invest up to 10 per cent of their funds in listed shares.
The constable fired from his automatic weapon, killing an RPF Assistant Sub Inspector and three other passengers of the Jaipur-Mumbai Central Express shortly after 5 am, the official said.
While Team Indus had backing from Nandan Nilekani, Ratan Tata and Flipkart founders Sachin and Binny Bansal, it could not even muster half of the Rs 4.5 billion it required for the mission to the moon.
CM Stalin has a procedural problem. Nominating new ministers would entail his having to seek formal permission from governor R N Ravi. Stalin does not want to interact with the person of this governor, as far as possible, predicts N Sathiya Moorthy.
San Francisco Employees' Retirement System (SFERS), Brown University and Texas Investment Management have joined the list of global pension, endowment and universities' funds attracted by the Indian stock markets.
The Employees Provident Fund Organisation had paid 9.5 per cent interest in 2010-11, before scaling it down to 8.25 per cent in 2011-12 fiscal.
Retirement fund manager EPFO has decided to suspend further investments in the LIC Housing Finance till CBI completes investigations into the alleged involvement of its top official in the bribes-for-loans scam.
'Rapists do have families. I wanted to see how a father or mother would deal with it.' 'They go through shame as well and get discriminated from the rest of the village.' 'Why don't we show it that way?'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
A look at five equity mutual funds spread across different fund categories which an investor can rely upon as part of her/his equity mutual fund portfolio and are expected to give pretty decent returns over the long run.
Finance Ministry had earlier lowered interest rate to 8.7 per cent for 2015-16.
Can mutual fund investments generate enough returns for you to reture early? What are the risks associated in mutual fund investments? Here is how to retire early in life and achieve financial freedom.
Don't take those who throw such magnificent numbers at you seriously! Even if you reach Rs 4 crore it won't be the end of your world.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
During 2019-20, the number of net new subscribers rose to 78.58 lakh as compared to 61.12 lakh in the preceding fiscal.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Subscribers of retirement fund manager EPFO, settling their final claims before the new rate is announced for the current fiscal, will get the existing 9.5 per cent interest on their deposits.
The West Bengal government is committed towards compensating the losses suffered by chit fund investors in the wake of the Saradha Group's collapse, Chief Minister Mamata Banerjee said on Thursday.
Bidyasagar Behera used to sell newspapers for a living. But that did not stop him from pursuing his education.
A step-by-step guide on how to choose the right mutual fund for your investment needs.
EPFO manages a corpus of about Rs 257,000 crore with subscribers' base of over 4.5 crore.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
In a chat on rediff.com, Feroze Azeez offered valuable tips.
Trade union representatives on Friday said they will strongly oppose the proposal allowing EPFO to park part of its fund in the capital market when the issue comes up for final decision at key advisory body finance and investment committee next week.
The Employees Provident Fund Organisation is pressing State Bank of India, one of the four retirement fund managers, to comply with a clause that provides for a penalty for keeping money idle for over a day.
'Returns can be very variable in equity markets.' 'That is why I tell small investors don't put 100 per cent of your money in equities, even if you are young.'
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances