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
Mutual fund SIPs (Systematic Investment Plans) show no signs of slowing down, as recent data indicates that volumes hit an all-time high in September. Retail investors view SIPs as an easy and convenient way to build wealth, contributing to record-high inflows month after month. Retail investors often prefer SIPs over lump-sum investments because this method
8th Pay Commission: The salary structure for central government employees in India has evolved significantly over the years — from Rs 55 per month in 1946 to Rs 18,000 per month currently. Various pay panels recommended salary and pension hikes periodically, taking into consideration various economic factors from time to time. Each Pay Commission aimed
Tax-Saver Fixed Deposits (FDs), Equity Linked Saving Schemes (ELSS), and the National Savings Certificate (NSC) are among the most popular tax-saving investment options under Section 80C of the Income Tax Act, 1961. Assesses opting for the Old Tax Regime can claim deductions of up to Rs 1.50 lakh on these investments, making them an essential part of
The government has invited applications for the position of chairperson at the Insurance Regulatory and Development Authority of India (IRDAI) as the tenure of the current chairman, Debasish Panda, will conclude on March 13, 2025. The deadline for the submission of applications is April 6, per the notification from the Department of Financial Services, Ministry
The cement industry will look at a robust revival in 2025 with expectations of improvement in sales realisation, higher margins and acceleration in demand. Most brokerage reports indicate that pent-up demand, renewed capex pus, and sustained momentum in the housing sector are going to drive up demand. The fact that cement prices too are holding
The difficulties for Bhavish Aggarwal seem to be growing as he expands stores. Ola Electric’s share price plunged 4.4% intra-day to Rs 54.03. This is after the company came under scrutiny over reportedly not having a trade certificate for dealerships. Ola Electric’s dealership stores were raided by transport authorities across different states, showrooms were closed
