Senior citizens often have specific financial goals when they consider investing in mutual funds. They look for options that not only protect their capital but also provide a steady income, easy access to funds (liquidity), and tax advantages. Among the various tax-saving mutual fund schemes, the Equity Linked Savings Scheme (ELSS) stands out. ELSS mutual
NPS Guidelines: The Department of Pension and Pensioners’ Welfare (DoPPW), under the Ministry of Personnel, Public Grievances and Pensions, has issued guidelines regarding entitlement for central government staff choosing voluntary retirement under the National Pension System (NPS). According to an Office Memorandum, dated October 11, the department has notified the Central Civil Services (Implementation of
The Income Tax Department has revised its guidelines for compounding offences under the Income Tax Act, 1961. Compounding of offences allows individuals who have committed a tax-related default to acknowledge their mistake and apply to the tax authority for a resolution. If accepted, the authority may drop the case, often in exchange for a reduced
The Indian government has issued important new guidelines regarding the distribution of family pensions to ensure fair settlement between two wives of a deceased government servant or pensioner. This clarification comes under the Central Civil Services (Pension) Rules, 2021, and addresses complex issues surrounding legal marriages and pension eligibility. Key points from the guidelines: The
In an effort to improve how grievances from central government pensioners are handled, the Centre has issued new guidelines. The new guidelines, issued by the Department of Pension and Pensioners’ Welfare, Ministry of Personnel, Public Grievances & Pensions, are aimed at making the complaint process more sensitive, accessible and effective, according to an Office Memorandum.
If your objective is to amass Rs 1 crore through mutual fund investments, a straightforward guideline can assist you in achieving this goal over the long term. The 15-15-15 mutual fund investing principle provides insight into the necessary monthly savings, the duration of investment, and the expected growth rate to reach the target amount of
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
Luxury sells. And, the capital leads in lapping it up. With this month’s landmark deal of a flat in Gurugram’s DLF Camellias for Rs 190 crore, luxury real estate in Delhi-NCR is on a new high. Among the top seven cities in India, Delhi-NCR stood out with a remarkable 64% share of luxury residential launches
The GST Council on December 21 again deferred a decision to exempt and cut taxes on health and life insurance premiums. The reason for this is that the ministers’ panel needs more time to reach a consensus on the matter. “Some members said more discussions required. We (GoM) will meet in January again,” Bihar Deputy
By Farooq Wani A commitment to giving back to society with a charitable and compassionate spirit has been at the core of the business model adopted and followed by the Delhi-based Hamdard Laboratories India during its 118 years of existence. Hamdard originates from two Persian words – “Hum”, meaning “companion”, and “Dard” meaning “pain” –
8th Pay Commission: With the Centre ruling out any proposal to set up the 8th Central Pay Commission anytime soon, over 1 crore central government employees and pensioners have expressed their displeasure over the delay in announcing the next pay commission, which, according to them, should start its term from January 1, 2026. Amid this
Signature Global has emerged as the market leader in the Dwarka Expressway region, as per a recent report by Square Yards which pegs the total annual residential new supply along Dwarka Expressway at 10,000 units per annum since 2020, compared to 5,000–7,000 new units launched per annum in the pre-pandemic period. According to Square Yards
