In just a decade, Dhruva Advisors has come to be regarded as a credible source of tax and regulatory services in India, with some of the largest MNCs among the firm’s clients. Dinesh Kanabar, CEO, talks about the direction and pace of India’s tax reforms, the need to cut disputes that lock capital, and what
EPFO 3.0: The Ministry of Labour is considering significant reforms in EPFO services, including removing the 12% employee’s contribution cap, which would allow for higher deposits and pensions for members, according to media reports. As part of the mega revamp in the Employees’ Provident Fund Organisation (EPFO) 3.0 version, the Centre is planning to introduce
The labour ministry is considering introducing comprehensive changes in the Employees’ Provident Fund Organisation (EPFO) rules, in order to give the subscribers more flexibility in making contributions to the EPF. It is also evaluating ways for the beneficiaries to avail higher pensions, official sources said. As per the current rules, the entire contribution of the
Inflation Calculator: Do you have Rs 1 crore in your bank account and wonder how much it will be worth in a few years? As we all know, the value of Rs 1 crore was vastly different 20 years ago, and it will change significantly 20 years from now. But why does this happen? This
The Employees State Insurance (ESI) Scheme plays a vital role in providing healthcare and social security benefits to workers across India. In response to a query raised in the Lok Sabha, the Ministry of Labour and Employment shared the latest updates on the scheme’s enrollment, improvements, and steps taken to enhance service delivery. As of
Best Debit Cards for Airport Lounge Access in India (November 2024): You don’t need to rely on credit cards to enjoy complimentary airport lounge access—several debit cards offer this perk too. Debit cards with airport lounge access not only provide free or discounted entry but also come with additional benefits such as reward points, cashback
Punjab National Bank (PNB), India’s leading public sector bank, has launched its 24/7 NRI Customer Service Centre, along with a comprehensive suite of new financial services to enhance banking convenience and meet the evolving needs of its Non-Resident Indian (NRI) customers. These offerings were unveiled at the bank’s Office at Bhikaji Cama Place, New Delhi
Section 192A of the Income Tax Act mandates the deduction of TDS on withdrawals from the Employees’ Provident Fund (EPF). According to this provision, TDS must be deducted at the time of EPF withdrawal. This means that when you withdraw money from your EPF account, a certain percentage of the total amount is deducted as
Chennai-based Aptus Value Housing Finance plans to grow its assets under management (AUM) by 30% annually over the next three years, a senior company official said. Talking to FE, P Balaji, MD, Aptus Value Housing Finance, said: “Our goal is to reach `25,000 crore in AUM by FY28, which requires us to grow 30% annually over the
India’s rapidly growing art mart, conservatively pegged at around Rs 4,000 crore annually, is attracting marquee legal firms, making it the latest sought-after vertical on India’s legal canvas. Law firms including Cyril Amarchand Mangaldas (CAM), Khaitan & Co, DSK Legal, Dentons Link Legal, Anand and Anand are already providing niche art law services while others
By V K Sharma The Nifty ended the week up 426 points, or 1.93%, at 22,552, marking its first weekly gain after three consecutive losses and the highest percentage gain since the week of December 6. The NSE SmallCap Index surged 5.47%, while the Nifty MicroCap Index jumped 6.71%. Two key highlights of last week’s
Capital expenditures by state governments likely fell 6% year over year in the first ten months of the current financial year despite the Centre’s acceleration of capex loans to them, indicating that the states’ own investments have slowed down. FE reviewed the finances of 18 big states and found that their capex in April-January of FY25
From April 1, 2025, all central government employees (except the armed forces) will get the option to choose from two pension schemes — the National Pension System (NPS) and the Unified Pension Scheme (UPS). The NPS, which was launched in January 2004, replaced the Old Pension Scheme (OPS), and covers all departments under the central
