Public Provident Fund (PPF) is regarded as one of the most favored investment options, especially for individuals seeking long-term and secure investment avenues. The advantages of tax savings and tax-exempt returns make PPF an excellent option for achieving one’s long-term financial objectives. It is, however, important to understand several key aspects of the PPF scheme
The central government has received a new proposal to reduce the timeframe for the restoration of commuted portion of pension from 15 years to 12 years. The Confederation of Central Government Employees and Workers, which represents about 7 lakh staff across various central departments, last week shot off a letter to Union Cabinet Secretary TV
The mutual fund (MF) industry’s demand for restoration of the indexation benefit when capital gains are computed on the sale of debt-oriented funds may be considered favourably by the government. An announcement to this effect is likely to be made in the Budget FY26. The case for reintroduction of the benefit, which was withdrawn in
The Centre’s move to continue the New Pension System (NPS) for central government employees has been supported by former Deputy Chairman of erstwhile Planning Commission Montek Singh Ahluwalia, who feels that states going back to the Old Pension Scheme (OPS) are taking a wrong decision. The Atal Bihari Vajpayee government in January 2004 introduced the
The Employees’ Provident Fund Organisation (EPFO) has fully rolled out the new Centralized Pension Payments System (CPPS) under Employees’ Pension Scheme, 1995, the Labour Ministry said in a statement on January 3. The first pilot of Centralized Pension Payment System (CPPS) was successfully completed in October, 2024 in Karnal, Jammu and Srinagar Regional Offices with
The Ministry of Health and Family Welfare has taken note of certain hospitals being involved in fraudulent activities when submitting bills on the National Health Authority (NHA) portal. There have been several complaints that CGHS beneficiaries are being overcharged and being denied treatment in some cases, the health ministry said in an advisory issued to
SBI Mutual Fund is one of the India’s largest bank-backed mutual fund with an asset under management of around Rs 11 lakh crore. The asset management company has several top performing schemes across categories. The fund house, the mutual fund arm of India’s largest PSU bank SBI, has schemes ranging from equity, debt to hybrid
Home affordability has continued to be advantageous for buyers in 2024, as interest rates have remained relatively stable since late 2023. As per Knight Frank India’s Affordability Index, Ahmedabad ranks as the most affordable housing market among the eight major cities, boasting an affordability ratio of 20%. Pune follows closely with a ratio of 23%
A US bankruptcy court has ruled against Byju’s Alpha, Inc and its affiliates in a case involving the fraudulent transfer of $533 million. Judge John T Dorsey of the Delaware Bankruptcy Court issued a summary judgment against key defendants, including Riju Raveendran, Camshaft Capital Fund, LP, and Think & Learn (T&L), which operates as Byju’s.
Byju Raveendran, the founder of troubled edtech firm, Byju’s, has spoken out for the first time in months, addressing the company’s financial crisis and legal battles in a LinkedIn post. He directly accused Glas Trust, the trustee for Byju’s US lenders, and the interim resolution professional (IRP) overseeing the company, of actively harming rather than
Amid a sharp correction in Indian equity markets, Zerodha is seeing a “massive drop” in the number of traders and trading volumes on its platform. This has led to a degrowth in its business for the first time since its inception, the company’s chief executive officer Nithin Kamath said on a social media post. “We
Piramal Enterprises Ltd. has received a GST demand notice of Rs 1,502 crore, including tax, interest and penalties, from the Deputy Commissioner of State Tax, Maharashtra. According to an exchange filing on Friday, the penalty component amounts to Rs 83 crore. The tax demand pertains to the company’s sale of its pharma business to Piramal
In the euphoria of a bull market, every sector, no matter how niche, tends to show an upward trend. Investors and traders often see these market phases as easy money opportunities, where every dip is aggressively bought, and profitable exits seem like a given. When the market cycle turns, the true challenge arises. The once-euphoric
