The Central government has recently notified the Unified Pension Scheme (UPS) for Central government employees, which will come into effect from April 1, 2025. The objective of this scheme is to provide financial security to employees after retirement. This decision brings significant relief to Central government employees, helping them maintain financial stability post-retirement.This scheme combines
Expenditure Secretary Manoj Govil has revealed to CNBC-TV18 that the 8th Pay Commission will likely start their work in the month of April for FY 2025-26. The report said that the Union cabinet will have to give its nod to terms of reference (ToR). The Commission will ask Ministry of Department of Personnel & Training
By Ananya Grover Observations by ICICI Prudential chief investment officer S Naren, who has advised investors to get out of small and mid-cap stocks lock, stock and barrel, have evoked strong responses, with Edelweiss Mutual Fund chief executive Radhika Gupta urging investors not to “fall for fear-mongering or 10-day debates”. Speaking at the IFA Galaxy
Gold has outperformed equities globally over the past 24 years, but India remains an exception, according to data from DSP and Bloomberg. While gold has historically been a safe-haven asset, Indian equities have delivered better long-term returns.Data reveals that 43% of Indian stocks have outperformed gold, compared to just 29% in China and 11% in
ICICI Pru AMC’s veteran fund manager S Naren said last week that investors should be careful regarding SIP investments in mid and small-cap stocks. Speaking at the IFA Galaxy 2025, Naren said, “We think it is a clear time to take out lock, stock, and barrel from small- and mid-caps.” Naren highlighted that 2025 could
Systematic Investment Plans (SIPs) were designed to be a simple, hassle-free option for investors who would not have time every day to manage their investment portfolio based on the market volatility and still be able to grow their wealth. The idea was to just start an SIP and let it do its job. However, in
The Union Cabinet, led by Prime Minister Narendra Modi, approved the New Income Tax Bill on February 7. The bill, which is expected to be tabled in Parliament during the ongoing Budget session, seeks to simplify tax laws, reduce disputes and enhance clarity for taxpayers. The proposed law will replace the Income Tax Act of
With the New Income Tax Bill likely to be introduced by Finance Minister Nirmala Sitharaman in Lok Sabha today, speculation is rife about the contents of the new bill and its potential impact on taxpayers. According to tax experts, the new income tax bill is likely to bring a transformative shift in India’s taxation system
Private equity giant KKR has signed a definitive agreement to pick up a controlling stake in cancer care hospital chain Healthcare Global Enterprises (HCG) from CVC Asia V for $400 million (approximately Rs 3,465 crore). As part of the transaction, KKR will acquire up to 54% of equity in HCG from CVC Asia V at
By Paras Pasricha Every year, like clockwork, car owners face the same familiar reminder of renewing their car insurance. Between busy schedules and endless to-do lists, it’s easy to push it to the last minute or even let it slip through the cracks. But skipping renewal isn’t just a minor inconvenience, it could leave you
By V K Sharma The Nifty closed at 22,795.90 on Friday, its lowest closing level since reaching an all-time high of 26,277.35 on September 27. The Nifty has gone below the 22,800 mark four times in intra-day terms but has always managed to bounce back above it on a closing basis. This puts the Nifty
While the Income Tax Bill, 2025 has consolidated the tax laws governing non-profit organisations (NPOs), tax experts have sought more clarity on the criteria for these entities to qualify for tax concessions. The new Bill seeks to explain ‘permissible commercial activities’ for registered NPOs – a feature which was absent in the extant I-T Act
Bengaluru based property developer Brigade Enterprises reported a more than threefold jump in its Q3 consolidated net profit to Rs 236.24 crore and its sales bookings rose 63% to Rs 2,492 crore in the December quarter. Pavitra Shankar, managing director, Brigade Enterprises, talks to Raghavendra Kamath about the company’s plans and outlook for the real
