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
ITR Filing for Assessment Year 2025-26: Income tax return (ITR) filing season is here. Like every year, all taxpayers, including salaried individuals, will be able to file their tax returns using one of the seven ITR forms currently available. Currently, there are 7 ITR forms available for taxpayers on the department’s e-filing portal and assessees
After US President Donald Trump announced a 26 per cent reciprocal tariff on Indian imports, the Ministry of Commerce and Industry on Thursday said that they are examining implications of measures/announcements made by the US President. The commerce department has also started consultations with the domestic industry and exporters to gauge the impact of the
US President Donald Trump’s imposition of a blanket 26 per cent tariff on imports from India has sent ripples across various industries. While the decision is expected to disrupt several key sectors in India, some might find advantages. India’s primary exports to the US include pharmaceuticals, telecom equipment, gemstones, petroleum products, gold jewellery, and ready-made
A careful study of the Tariff fact sheet issued by US White House indicates that “some goods will not be subject to the Reciprocal Tariff.” However, most market observers believe that though there could be some temporary relief, one needs to look at the exemptions carefully. There are chances that they might be clubbed separately
The brokerage firm Motilal Oswal has maintained a Buy rating on Hindalco, setting a target price of Rs 770, implying an upside of 16% from the current market price of Rs 664 per share. The firm remains optimistic about Hindalco’s future, citing expansion plans, strong demand, and improving margins as the key catalysts for growth.
