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 family feud between real estate moguls Abhishek Lodha-led Macrotech Developers and Abhinandan Lodha’s House of Abhinandan Lodha (HoABL) has escalated after Macrotech accused HoABL of forgery and using “fabricated documents” to misuse the company’s brand and registered trademark ‘Lodha’. This is a developing story, more details are being added. Please watch the space for
Wall Street indices were poised for a lower opening on Wednesday as investors braced for details of U.S. President Donald Trump’s proposed tariffs, which could have far-reaching effects on the global economy, corporate earnings, and inflation. ALSO READAhead of Trump’s ‘Liberation Day’ jitters, gold maintains all-time high levels, silver drops Stock market volatility has surged
Gold prices remained unchanged at their all-time high of Rs 94,150 per 10 grams in the national capital on Wednesday, as traders awaited developments on potential reciprocal tariffs by the US. According to the All India Sarafa Association, gold of 99.9% purity held firm after a sharp Rs 2,000 surge on Tuesday, marking its steepest
ITC in its latest acquisition of the pulp and paper business of Aditya Birla Real Estate is attempting to tap into the growing demand for sustainable, eco-friendly wrapping solutions from the e-commerce, QSR, FMCG and pharma industries, amongst others. The above transaction at nearly Rs 3,500 crore has been done at about one times sales
NCR-based realty developer Trinity has commenced the construction of its Rs 1200-crore ultra-luxury residential project, Sky Palazzo Residences, in Gurugram. The project received RERA approval a month ago and is located on the Dwarka Expressway. To be completed by 2029, the project is likely to generate more than 5000 jobs directly as well as through
