By Tina Edwin The Employees’ Provident Fund Organisation (EPFO) has seen a dip in new enrolments and thereby, total contributions, in recent months. Tina Edwin looks at the reasons behind this and whether changes in tax norms and better response to the National Pension System have played a role in the drop EPFO enrolment trends
Pradhan Mantri Awas Yojana: The Narendra Modi government announced the Pradhan Mantri Awas Yojana-Urban (PMAY) 2.0, a housing-for-all scheme, in the Union Budget 2024-25. Under PMAY 2.0, financial assistance will be provided to 1 crore urban poor and middle-class families through states or union territories (UTs) to construct, purchase or rent a house at an
The Union Labour Ministry has issued clarifications regarding minimum pension eligibility for members under various circumstances, as well as the conditions under which a pensioner becomes entitled to a pension under EPS 95. Minister of State for Labour and Employment, Shobha Karandlaje, clarified the eligibility criteria for EPS 95 pensions in the Lok Sabha. Members
The National Automated Clearing House (NACH) system is a popular mode of automated payments in India. It handles recurring payments like loan EMIs, utility bills, or subscription fees. However, if a NACH payment fails, the consequences can be inconvenient and financially burdensome too. Here’s what happens when your NACH payment fails and what you should
CoinSwitch, India’s largest crypto trading platform, has released its third annual investor report, India’s Crypto Portfolio 2024: How India Invests. The report provides a deep dive into India’s growing crypto ecosystem, focusing on city-wise investment trends and demographic insights that are driving the adoption of digital assets. City-Wise Investment Trends Delhi-NCR continues to lead the
Encouraged by the relatively high returns for Employees’ Provident Fund Organisation (EPFO) from equity investments since 2015, the government is looking to hike the retirement fund body’s exposure to the segment significantly. The higher equity exposure – roughly 9.5% of the EPF investible surplus is currently invested in specified exchange-traded funds (ETFs) – is being
Bank of Baroda (Bank) has launched ‘phygital branches’, seamlessly integrating physical and digital banking services for customers with “Self Service kiosks that provide 24/7 Banking, a Video Contact Centre for non-financial services and Universal Service Desks for in-person customer service”. By integrating self-service and assisted service models, its phygital branch is a unique banking concept
ICICI Prudential Life Insurance in collaboration with Reinsurance Group of America (RGA) has launched ICICI Pru Wish, a first-of-its-kind health product catering to women-specific critical illnesses and surgeries. ICICI Pru Wish, a product developed keeping in mind unique health challenges faced by Indian women, will offer immediate lump sum payout upon diagnosis of a critical
The Income Tax Department will reportedly have the legal right to investigate your social media profiles, emails, bank accounts, online investments and trading accounts. If tax authorities suspect that you have evaded taxes or have any undeclared assets, cash, gold, jewellery, or other valuables, they can investigate your accounts, according to an ET report. This
The brokerage firm, Jefferies, is betting big on 3 pharmaceutical stocks. Lupin, Zydus Lifesciences, Biocon, on the back of changing market share dynamics in the US generic medicines and increased the sales of generic Revlimid against the previous quarter. The brokerage firm said that in the US generic market, Revlimid is picking up steam and
Go to Live UpdatesITC Share Price Today Live Updates, 04 Mar, 2025: The ITC share is in news and the counter closed trade on 03 Mar, 2025 at Rs 397.55. The shares touched intraday high of Rs 399.0 in the last trading session while the intraday low was at Rs 391.5. The company’s market capitalization
Sensex Nifty Today | Stock Market Highlights: The Indian stock market closed on a slightly lower note, recovering major losses from the day’s low. The Sensex closed 96 points or 0.13% at 72,990 while the Nifty fell 37 points, or 0.17%, to close at 22,083. On the broader market front, the NSE Midcap 100 finished
Managing personal finances has become more essential and increasingly complex in the modern digital age. The convenience of online shopping, digital payments, and mobile banking has made transactions effortless, yet it has also led to unintentional overspending, with the cumulative effect of frequent, seemingly small purchases often slipping under the radar. This is where a
