New Delhi: A big cut in small savings schemes will deliver a blow to savers who depend on these schemes for income and social security.Conversely, this will reduce interest rates, bring down the cost of capital and spur capex and stock markets. The government revised the interest rates on small...
Government eases family pension rules for disabled survivors
New Delhi: The government has issued orders to liberalize the eligibility requirements for the award of a family pension for the child/sibling of a deceased government servant or a pensioner. Relaxation of the family pension is provided to injured survivors when they need further medical treatment and financial support. "The...
PF taxation: Rs 62,500 cr accumulated in EPF accounts of 1.23 lakh HNIs for FY19
New Delhi: As much as Rs 62,500 crore has accumulated as provident fund of some 1.23 lakh high net-worth individuals (HNIs) in the retirement fund corpus for 2018-19, with a staggering Rs 103 crore accumulating in the account of the highest contributor, sources said on Thursday. The Budget 2021-22 has...
Government will now credit 8.5 percent interest in EPF account
New Delhi: A large number of members of the Employees Provident Fund Organisation (EPFO) would be able to see their updated EPF accounts with credit of 8.5 per cent rate of interest for 2019-20, a senior official told media. The official further informed that the labour ministry has already sent...
EPFO likely to credit 8.5pc interest on EPF for 2019-20 by Dec
New Delhi: Earlier in September this year, the Employees Provident Fund Organisation had decided to split 8.5 per cent interest into two installments of 8.15 per cent and 0.35 per cent in its trustees meet headed by Labour Minister Santosh Gangwar. A highly placed source told PTI that the Labour...
How to be financially secured in the new decade
We are now ending the year 2020 with just a month and going to welcome the new decade 2021-2030 with full enthusiasm and energy. Although the year 2020 was quite dull and boring due to the pandemic, but it helped us realize what is most important in our lives -...
Good financial tips to follow
Financial stability is based on our income sources and bandwidth. Having a systematic approach in handling finances should be followed for secured living. Every month, one needs to record expenses and reconcile their bank accounts. This type of budgeting can be helpful for the long run. If you want to...
Why investing in fixed deposits is always a good option?
Everyone has financial goals. Some have plans to travel abroad in the next five years while some want to buy a car in the next two years while some want to get their children admitted to a foreign university in the next 10 years. Since these goals have a lot...
Invest Diwali Bonus With Bajaj Finance FD
With India’s workforce being subject to pay cuts and massive layoffs in the last 6 months, with over 10.8 million jobs lost as per research by a leading web portal , the need for careful financial planning is ever apparent. Thankfully, in many sectors, the economy is picking up, salary...
Tips to keep a crisis fund ready
An emergency fund or reserve is the need of the hour these days. We live in coronavirus times where anything can happen to anyone. Hence, a good financial plan must include an emergency corpus to move towards a stable and secured life. It also gives peace of mind to the...