Reduction in the mandatory minimum contribution and extension to invest in the scheme from 60 years to 70 years has made the National Pension Scheme more friendly, says Anil Chopra, Group CEO & Director Bajaj Capital Illustration: Uttam Ghosh/Rediff.com Retirement for most of us remains the most ignored goal. To make people save for their retirement, government has a pension-focused scheme in place, called the National Pension System (NPS), administered and regulated by Pension Fund ... Rediff.com, 3 weeks ago
The covered service providers shall also be required to pay fees, as specified by the Resolution Corporation. A committee set up by the finance ministry on Wednesday proposed to set up a Resolution Corporation to expeditiously deal with issues ...Indian Express, 3 weeks ago Govt panel proposes Resolution Corp for banks, financial firms Business Today India, 3 weeks ago
To make people save for their retirement, the government has a pension-focused scheme in place, called the national pension system (NPS), administered and regulated by the pension fund regulatory and development authority (PFRDA). The NPS has emerged as a ...The Financial Chronicle, 3 weeks ago
Additional tax benefits Now, a taxpayer can save additional tax of up to Rs 15,000 by opening an NPS account and investing Rs 50,000 in the scheme provided he is in 30% tax bracket Once your Section 80C limit is exhausted, make use of NPS to ...Chandigarh Tribune, 1 month ago
YES Bank on Thursday deferred its $1 billion equity raising plan because of "misinterpretation of guidelines" as its sharp price dropped sharply. Yes Bank had launched its qualified institutional placement (QIP) to raise up to Rs 6,700 crore in the ...Economic Times, 1 month ago
Posted by Equitymaster Although India has the highest percentage of habitual savers (59%) (As per the survey conducted by Aegon Insurance across 15 countries), one thing that bothers most individuals during the golden years is the possibility of outliving ...Equitymaster.com, 1 month ago
A sub-committee of FSDC headed by RBI Governor Raghuram Rajan today reviewed major developments on global and domestic fronts that impinge on the financial stability of the country. Reports of the FSB Peer Review of India and the Working Group on ...Financial Express, 1 month ago 18th Meeting of the FSDC Sub-Committee held in Mumbai Reserve Bank of India, 1 month ago
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