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FIIs put in $3.4 bn in equities in May so far
Mumbai :: India | 24 days ago
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Overseas investors have poured in more than Rs 18,000 crore (about USD 3.4 billion) into the Indian equity market so far this month despite macro economic concerns. With this, the total foreign investment in the country's equity market has reached Rs
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DA hiked for state govt employees
Mumbai :: India | 27 days ago
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The Gujarat government has announced to hike dearness allowance (DA) for its employees with effect from January this year. Bringing it at par with the last increment given by the Central government in February, the state government has raised the bar
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New Pension Scheme subscribers earn double digit return in 2012-13
Mumbai :: India | 1 month ago
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The pension scheme for other than government employee with investment focus on corporate debt generated return of 14.19 per cent while investment in government debt earned 13.52 per cent, an official statment said. Besides, Swavlamban scheme
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Axis Bank gets National Pension System trustee bank mandate
Mumbai :: India | 1 month ago
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Private sector lender Axis Bank will replace state-run Bank of India (BoI) as the trustee bank for the National Pension System (NPS) from July onwards. Axis Bank has been "appointed as the new NPS Trustee Bank with effect from July 1, 2013 in place
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More benefits in NPS for small investors
Mumbai :: India | 1 month ago
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NPS subscribers who have an accumulated corpus of less than Rs2 lakh on retirement to withdraw the complete amount. Under the current rules, the subscriber can only withdraw a maximum of 60% of corpus while the rest 40% has to be used to buy an
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Your PF savings all set to fetch higher returns from 2013-14
New Delhi :: India | 3 months ago
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You can expect your provident fund savings to earn better returns from 2013-14, though small savings instruments like national savings certificates will deliver lower returns from April 1...In 2011-12, over Rs 6 crore EPF members were paid 8.25% on
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Income tax: Defective returns must be rectified, fast
Mumbai :: India | 3 months ago
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Amit Sarathi When the tax authority considers the return of income tax furnished by the taxpayer is defective, he may intimate the defect to the taxpayer and give him an opportunity to rectify the defect within 15 days. If the taxpayer rectifies the
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Tax-saving and more
Mumbai :: India | 3 months ago
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March 17, 2013 Tax-saving products play an important part in financial planning...Besides providing tax-shelter, they offer reasonable returns (of course with risk). Since a major portion of the corpus is invested in equity and equity-related
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PFRDA allows subscribers lump sum withdrawal on exit
Mumbai :: India | 3 months ago
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New Pension Scheme to withdraw lump sum amount at the time of their exit, as against the current practice of 'phased withdrawals' every year...This would be a better option than forcing subscribers to choose a certain percentage each and every year
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EPFO's ‘hole' truth
Karāchi :: Pakistan | 3 months ago
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Rs5.5 lakh crore corpus, is beset with its own set of problems. Apart from the lower returns it gives in comparison with the NPS, the most pressing problem is the large and increasing gap in its Employees Pension Scheme (EPS) portion. The gap refers
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