Fixed Deposit Rates 2025: Major banks like State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB) and IDBI Bank have recently launched new fixed deposit (FD) schemes in January 2025. These new product offerings come with higher interest rates, more flexibility, and special options catering to specific customer groups. Here’s a
Budget 2025 Taxpayers’ Expectations: Finance Minister Nirmala Sitharaman will be presenting the Union Budget 2025-26 on February 1, 2025. Tax experts and taxpayers are hopeful that the government will be announcing some significant tax breaks for lower and middle-class taxpayers to give them some relief from inflation. In the last Union Budget 2024-25, FM Sitharaman
The National Pension System (NPS) has gained traction over the years, particularly among private sector employees who had limited retirement savings options. Initially introduced in 2004 for government employees, the scheme was later extended to include all individuals, including private sector workers and self-employed individuals. However, the investment rules and benefits under NPS differ slightly
As the Union Budget 2025-26 approaches, home loan borrowers across India are hopeful that Finance Minister Nirmala Sitharaman will introduce policies that ease the financial burden on homeowners and make homeownership more accessible. Among many expectations, homebuyers hope the government reintroduces the Credit Linked Subsidy Scheme (CLSS) for MIG category also under the Pradhan Mantri
Unified Pension Scheme: The Finance Ministry issued a notification on January 24 explaining features and details regarding implementing the Unified Pension Scheme (UPS) from April 1, 2025. UPS will be available as an option for employees covered under the National Pension System (NPS). Ever since the notification came out, central government employees have been trying
Budget 2025: Finance Minister Nirmala Sitharaman will present the second full-fledged budget of the Modi 3.0 government on February 1. The upcoming Union Budget 2025-26 is being eagerly anticipated, with the middle class hoping for significant tax reliefs. Amidst all these expectations around the budget, reports are suggesting that the Centre may introduce the Direct
Unified Pension Scheme: The Finance Ministry has notified the Unified Pension Scheme (UPS), which guarantees retirement benefits for central government employees covered under the National Pension System (NPS). The UPS will be implemented from April 1, 2025. The newly announced scheme includes significant provisions for central government employees who have long been demanding the restoration
Ahead of the Union Budget, the Ministry of Finance has notified the Unified Pension Scheme (UPS) “as an option” under the National Pension System (NPS) for central government employees. Effective from April 1, 2025, this scheme aims to provide assured payouts, a structured retirement benefit and added flexibility for employees. Here’s a breakdown of the
There has been a long-standing demand to increase the minimum pension under the Employees’ Provident Fund Organisation (EPFO) for private sector employees. In September 2014, the Centre had last fixed the minimum pension amount at Rs 1,000 under the Employees’ Pension Scheme (EPS) governed by the EPFO. Under EPF, employees deposit 12% of their basic
Former President of Reliance Industries, Captain Raghu Raman, shared his unfiltered thoughts on Mukesh Ambani’s vision and leadership skills. In a post shared by RPG Group Chairperson Harsh Goenka on X (formerly Twitter), Raman said, “The one leader whose vision and thinking truly dwarf me is Mukesh Ambani.” In the clip, Raman shared an insight
Infosys, the Bengaluru-based IT giant, has officially started implementing salary hikes for its employees from February 24, as per a report by Moneycontrol. The increments range between 5 per cent to 8 per cent, with exceptional performers receiving hikes of 10-12 per cent. The salary hikes apply to employees in band JL6 and below, with
Coforge, one of the leading IT services company, has announced its first-ever stock split, with an aim to make its shares more accessible to investors. The company’s Board of Directors will meet on March 4, 2025, to finalise the details of the stock split, subject to shareholder and regulatory approvals, the company said in an
The fiscal third quarter was yet another subdued one for the consumer staples segment with indication of it already there from post Q2 commentaries highlighting urban slowdown/weak festive demand/delayed winter. According to JM Financial, volume trajectory is expected to remain subdued in the fourth quarter as well. “Our analysis suggests that Q4FY25 consensus expectations for
