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Source: Live Mint The Employees Provident Fund Organisation (EPFO) has simplified the process of transferring provident fund accounts of members who have changed jobs. The current requirement for employees to submit online transfer claims to previous and present employers has been removed. EPFO, in a circular released on January 15, provided details about cases in…
Source: Live Mint The Cabinet has approved the constitution of the 8th Pay Commission to revise salaries of Central government employees, Union Minister Ashwini Vaishnaw announced on Thursday. The announcement comes days ahead of Budget 2025. What is 8th Pay Commission? The 8th Pay Commission will revise the pensions, allowances, and salaries of central government…
Source: Live Mint Although Indians are increasingly adopting financial assets like stocks and mutual funds, they still have to go a long way in terms of prudent retirement planning, believes Sriram Iyer, the chief executive of HDFC Pension Management. Speaking at the 17th edition of Mint Annual BFSI Summit on Friday, he said that while…
Source: Live Mint Having a constant source of income adjusted with rising costs in India is a challenge, especially for senior citizens and those not actively employed. For those citizens who have a fixed pension income that does not account for the changing costs of goods and services in the country, the taxation system provides…
Source: Live Mint ‘This is my grandfather’s voice,’ Hrithik says, and if you can take your eyes away from his beautiful chiseled face, then you will be amazed at how the old boombox is still in working condition and the cassette tape is still intact! Netflix gives us a four episode insight into the family…
Source: Live Mint India’s travel and tourism industry has been booming for the last few years. Hotels are one of the biggest beneficiaries of this boom. Within the hotel industry, we have budget hotels, mid-range hotels, and luxury hotels at the top that provide premium experiences to guests. Banks have also recognised the boom in…
Source: Live Mint The National Pension System (NPS) introduced in 2004 for government employees has since been extended to others but adoption has been slower than desired, said Deepak Mohanty, chairperson of the Pension Fund Regulatory and Development Authority (PFRDA), at the 17th edition of the Mint BFSI Summit and Awards on Friday. Underscoring a…
Source: Live Mint Personal loans are a great choice if you are looking for instant cash to help you cover your immediate financial needs. With flexible repayment options and quick loan disbursement, these loans have become a popular choice for people. These loans are unsecured, hence, you can easily apply even if you do not…
Source: Live Mint Do you own a credit card that you do not use on a regular basis? Should you, in such a case, simply discontinue the card or wait for the right time? Let us understand how it may impact your profile. It is noteworthy to mention that the decision to close your card…
Source: Live Mint A personal loan can solve a range of money-related problems – at least temporarily. Whether you are facing a need of money for an emergency or some requirement to buy a luxury, a personal loan may come handy. Whether it to organise a wedding, or to buy an expensive gift, it does…
