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
From April 1, 2025, all central government employees (except the armed forces) will get the option to choose from two pension schemes — the National Pension System (NPS) and the Unified Pension Scheme (UPS). The NPS, which was launched in January 2004, replaced the Old Pension Scheme (OPS), and covers all departments under the central
Chennai-headquartered Indian Overseas Bank (IOB) has introduced a specialized Ultra HNI Savings Bank (SB) Scheme designed exclusively for high-net-worth individuals (HNIs). This premium banking initiative offers three distinct variants viz. IOB SB PRIME, IOB SB PRIORITY, and IOB SB PRIVILEGE, each packed with unique benefits tailored to meet the financial needs of affluent customers. Key
Stock markets are set to be influenced by global trends, macroeconomic data releases, and developments in US tariffs during a holiday-shortened week, analysts said. Investors will also keep a close watch on foreign investor activity, geopolitical tensions, and their impact on the US dollar and crude oil prices. Ajit Mishra, SVP of Research at Religare
The combined market valuation of seven of the top 10 most valued companies surged by Rs 2,10,254.96 crore last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers. Last week, the BSE Sensex climbed 1,134.48 points or 1.55 per cent, and the NSE Nifty rose 427.8 points or 1.93 per cent.
According to a joint report by NAREDCO and EY, India’s real estate industry is on track to reach a $1-trillion market valuation by 2030, driven by PropTech innovations and government initiatives like the Smart Cities Mission and the Digital India campaign. Technology continues to play a pivotal role in shaping the sector. In 2024, the
