March 1, 2015
With higher tax breaks, this low-risk, low-cost product is a winner »
New Delhi, February 11
The Centre proposes to reduce the number of employer and employees in the Central Board of Trustees of the Employees Provident Fund Organisation (EPFO) to make it an “active decision making...
January 18, 2015
I am 52, self-employed and my wife is a homemaker. Our son is pursuing higher studies abroad and I am supporting his family currently.My savings are in FDs s...
Mumbai, January 5
Around 500 companies approach the Labour Ministry, seek amendment of laws »
Mumbai, Dec 29
Prime Minister’s Jan Dhan Yojna (PMJDY) is likely to be replicated in the insurance and pension sector to extend the financial services to the hinterland.
“Given the low levels of penetra...
Mumbai, Nov 16
Saving is a key priority for both young and old. Employees below the age of 40 tend to save for their retirement, ferreting away for a nest egg early in their career, even as their older c...
November 9, 2014
I am 56, a medical practitioner, working as a consultant to hospitals. My wife is a home-maker. Our daughter is married and our son is pursuing his M. Tech (final year). Apart from en...
October 26, 2014
I am 50 and work in the private sector. My wife, 42, is a homemaker. We have a nine-year-old son. After retirement, I will receive a monthly pension of about ₹2,000. I want to save ₹13 lakh...
New Delhi, March 2
Retirement fund body EFPO is working on a housing scheme for its over 5 crore subscribers and its trustees board has set up a panel in this regard.
“The issue of providing houses as a soc...
March 1, 2015
I took voluntary retirement from a public sector bank in 2000. My husband retires in July 2015. We have a son who has settled abroad. On retiring, my husband will commute the pension and wi...
New Delhi, Jan 29
The Pension Fund Regulatory and Development Authority (PFRDA) must provide enabling framework for more pension products and wider coverage of population, Jayant Sinha, Minister of State for Financ...
Mumbai, January 7
Government currently spends 2.2% of GDP on pension bill
January 1, 1995
The Ministry of Finance has opened up the investment window for Indian pension funds by granting clearance to them to invest in the equity offering of IDBI. This is reckoned to be...
New Delhi, Dec 8
DSP Blackrock has approached market regulator SEBI to launch its retirement-linked mutual fund, possibly the third fund house to come out with such a product.
Prior to that, Axis MF and S...
November 16, 2014
I am 22 and work in the private sector. I need to invest ₹90,000 annually to save tax. Should I invest in PPF or ELSS?Is it alright to decide on other financial goals after marriage?...
November 4, 2014
Banking on PF
Employees already in a retirement plan believe their most important income sources are likely to be their employer’s retirement plan, followed by...
October 21, 2014
If you’re Indian, the answer is: very poor indeed. India’s retirement system continues to rank the lowest amongst the 25 countries surveyed in the 2014 Melbourne Mercer Global Pension Inde...