Money

The Employees’ Provident Fund Organisation (EPFO) recently announced EPFO 3.0, a game-changing upgrade that will ensure some major changes in the way the retirement fund body delivers it services to over 7 crore members. Confirming EPFO 3.0 roll out by June this year, Union Minister Mansukh Mandaviya recently said this upgraded system will improve efficiency

The recent devastating fires in Los Angeles have underscored the importance of having the right fire insurance for homeowners. As communities rebuild and recover, it’s a reminder that preparation is key when protecting one’s property. Understanding your insurance options can make all the difference with the potential for environmental factors like drought and high winds

With equity benchmarks Sensex and Nifty plunging more than 10% from their peaks in September last year, it’s natural for mutual fund investors — especially those investing through the SIP (Systematic Investment Plan) route — to question whether they should continue their investments. Market volatility often creates anxiety among SIP investors, even when they are

Driven by shifting buyer preferences post the pandemic and a surge in interest from NRIs, the demand for luxury housing is soaring like never before. However, which of India’s top cities – including Delhi-NCR, Mumbai, and Hyderabad – has witnessed the most significant growth in premium homes? The findings of CBRE South Asia Pvt Ltd’s

In the Union Budget for 2024–25, Finance Minister Nirmala Sitharaman introduced several changes to relieve taxpayers who opted for the New Tax Regime. As a result of the government introducing some new and exclusive benefits over the past few union budgets for the new regime takers, government data suggests that over 72% of income tax

Government employees are eagerly awaiting an announcement regarding the 8th Pay Commission, as it is expected to bring significant changes to their salaries and other benefits. Retired government employees are also likely to benefit from higher pensions and additional perks following its implementation. However, the government has not yet provided any indication regarding the implementation

Domestic debt fund managers have increased their exposure to state development loans (SDLs), as they fetch them higher yields compared with central government bonds and corporate bonds, said debt fund managers. In fact, some are even swapping central government securities with these bonds. SDLs are bonds issued by state governments to fund their fiscal deficit.

In a potential setback to crores of central government employees and pensioners, the Centre might not set up the 8th Pay Commission at all and possibly end the pay panel system entirely, according to a source. The Modi government implemented the 7th Pay Commission’s recommendations starting in January 2016, and the panel’s term is expected