The Indian government has issued important new guidelines regarding the distribution of family pensions to ensure fair settlement between two wives of a deceased government servant or pensioner. This clarification comes under the Central Civil Services (Pension) Rules, 2021, and addresses complex issues surrounding legal marriages and pension eligibility. Key points from the guidelines: The
In an effort to improve how grievances from central government pensioners are handled, the Centre has issued new guidelines. The new guidelines, issued by the Department of Pension and Pensioners’ Welfare, Ministry of Personnel, Public Grievances & Pensions, are aimed at making the complaint process more sensitive, accessible and effective, according to an Office Memorandum.
If your objective is to amass Rs 1 crore through mutual fund investments, a straightforward guideline can assist you in achieving this goal over the long term. The 15-15-15 mutual fund investing principle provides insight into the necessary monthly savings, the duration of investment, and the expected growth rate to reach the target amount of
The Department of Pension and Pensioners’ Welfare (DoP&PW) has outlined how compulsory retirement, dismissal, or removal from government service affects the National Pension System (NPS) corpus for central government employees, a recent office memorandum dated October 11 revealed. The memorandum states that the Central Civil Services (Implementation of NPS) Rules, 2021 govern the matters related
In a recent development, the ECHS (Ex-Servicemen Contributory Health Scheme) has empaneled 40 private hospitals, nursing homes, and diagnostic centres. This decision was made during the 69th Screening Committee Meeting held on May 24, 2024. The Managing Director of ECHS received a formal order outlining the empanelment. This process follows guidelines from the Government of
Motilal Oswal Mutual Fund (MOMF) is managed by Motilal Oswal Asset Management Company (MOAMC), which is promoted by Motilal Oswal Financial Services Limited (MOFSL), a public company listed on both BSE and NSE. MOMF offers a variety of mutual fund schemes designed to help investors grow their wealth through professionally managed portfolios. The fund house
For senior citizens looking for opening a fixed deposit account in the near future, the present moment may represent an advantageous opportunity to proceed as the RBI may go for a rate cut any time soon following the rate reduction by the US Fed. And once this happens, banks will also follow suit. Fixed deposits
Self-employed individuals can opt for tailored term plans that do not require income verification documents such as salary proof or Form 16. These policies now accept alternative income verification methods such as GST filings, credit histories and loan records. Such flexibility allows self-employed people to buy term insurance without the rigid documentation previously required. Also
The Centre’s move to continue the New Pension System (NPS) for central government employees has been supported by former Deputy Chairman of erstwhile Planning Commission Montek Singh Ahluwalia, who feels that states going back to the Old Pension Scheme (OPS) are taking a wrong decision. The Atal Bihari Vajpayee government in January 2004 introduced the
Just days after Adani Enterprises (AEL) announced its plans to exit from Adani Wilmar, the FMCG major on Saturday released its standalone performance report for the quarter ended December 31, 2024, wherein it posted a revenue growth of 33 per cent on-year. The FMCG firm recorded a healthy 6 per cent YoY growth in volumes
As we entered the new year, how is the IT services industry expected to perform in CY25? Per JM Financial, CY25-start has little in common with CY24. Last year this time, the book of business was transitioning from (eroding) discretionary book to efficiency-led work. Per the analysis report by the brokerage firm, leakages have reduced
– By Sunil Gupta As India embarks on an ambitious clean energy journey, aluminium stands at the forefront of this transformation. Aluminium is playing a pivotal role in powering new domestic innovations across energy storage, transportation, and infrastructure development. With the country targeting 50% of electricity generation from renewable sources by 2030, aluminium is an
A New York court has ruled that the criminal and civil cases against Indian billionaire Gautam Adani and others, linked to an alleged bribery scheme, are “related” and will be handled by the judge presiding over the criminal case. According to an order from the US District Court for the Eastern District of New York
