NPS Guidelines: The Department of Pension and Pensioners’ Welfare (DoPPW), under the Ministry of Personnel, Public Grievances and Pensions, has issued guidelines regarding entitlement for central government staff choosing voluntary retirement under the National Pension System (NPS). According to an Office Memorandum, dated October 11, the department has notified the Central Civil Services (Implementation of
The Income Tax Department has revised its guidelines for compounding offences under the Income Tax Act, 1961. Compounding of offences allows individuals who have committed a tax-related default to acknowledge their mistake and apply to the tax authority for a resolution. If accepted, the authority may drop the case, often in exchange for a reduced
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
Private equity firm Temasek will acquire nearly 10% stake in Haldiram Snacks (Haldirams) for about Rs 8,600 crore ($1 billion), sources told FE. This transaction marks the largest private equity deal in India’s consumer sector, valuing Haldirams at ₹86,000 crore ($10 billion). “We look forward to working with Temasek to harness the value they bring from
With their impending entry into the cables and wires segment, the Adani Group and the Aditya Birla Group (ABG) are strengthening their presence in the building and construction sector, where both already hold leading positions in the cement business. According to analysts, this move will allow both conglomerates to leverage their existing distribution networks and supply chain efficiencies
Onix Renewable plans to spend nearly Rs 25,000 crore to build 7 gigawatt renewable energy capacity and 5 GW solar module and cell capacities in the next three years. By 2030, the company will build a renewable energy portfolio of 10 GW and looks to invest Rs 30,000 crore, its chief operating officer Hardik Adhiya
After reaching record production levels in the last financial year (FY 2023-24), the production of several key minerals has continued to grow strongly in the current fiscal (FY 2024-25) till February. Among key minerals, iron ore production, which accounts for 70% of the total Mineral Conservation and Development Rules (MCDR) mineral production by value, stood
In a significant relief for debt-ridden Vodafone Idea (Vi), the government has decided to convert an additional Rs 36,950 crore of the telecom operator’s outstanding spectrum auction dues into equity. This move comes under the provisions of the September 2021 telecom reforms package, the company informed the exchanges on Sunday. The dues, which include deferred
