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
Momentum funds are increasingly attracting individuals as these funds invest in assets that are already showing strong performance. The appeal of these funds lies in their ability to generate high returns when the market is on an upswing. Momentum investing aims to capitalise on the continuation of existing market trends. The top performing funds such
By Paras Pasricha Saving on motor insurance premium need not necessarily translate to compromising on coverage. You can adopt a few smart ways to lower your motor insurance premium while still ensuring comprehensive coverage for your new car. Avoid opting for bundled deals While it’s both tempting and convenient to walk out of the showroom
EPFO Passbook has been one of the top trends on Google as members of the Employees Provident Fund Organisation (EPFO) search for many information regarding their EPF accounts. Many EPFO subscribers are particularly interested in the steps and processes for checking their PF balances and withdrawing funds. The EPF regularly updates its regulations, including interest
The Oberoi Group on Monday announced two new resorts in Rishikesh — an 80-key luxury resort with ‘vilas’ branding, and a 120-key five-star hotel with Trident branding. Both hotels will be managed by EIH, the Oberoi Group’s flagship company. Located on a 60-acre site with the Ganges on three sides, near Rishikesh, the vilas will
Domino’s and Swiggy’s quick food delivery arm Bolt announced a partnership on Monday, saying that the brand’s pizzas would now be available in 10 minutes. This makes Domino’s the first pizza brand in the country to promise such a rapid delivery. In a statement, Swiggy said, “With this partnership, Domino’s menu items will be available
Ennoconn Corp, a Taiwan-based Industrial IoT and hardware manufacturer and a Foxconn subsidiary, has started its India operations, focussing on the country’s industrial automation and digital transformation market. “Ennoconn has already registered a company in Tamil Nadu with plans to bring their products to the Indian market,” a source aware of the development told FE.
Coffee Day Enterprises (CDEL), which owns the Cafe Coffee Day (CCD) chain, has cut its store count by 3% in the December quarter (Q3FY25) versus last year, as it seeks to manage its debt obligations, its latest financial statements show. At its peak in FY19, CCD operated 1,752 stores. It now has 439 stores (Q3)
Equity inflows through the foreign direct investment (FDI) route declined 6% year-on-year to $10.8 billion in the October-December quarter, as global uncertainties persisted. The data show that the recent years’ declining trend in FDI inflows and the rising levels of repatriation and disinvestment haven’t been arrested yet. ALSO READGovernment unlikely to intervene in market decline
