The rules spell out eligibility requirements, employee and government contributions, pension calculation, lump-sum benefits, minimum and maximum pension provisions, VRS rules and the process for switching from UPS to NPS.
On 5 August, the Reserve Bank of India (RBI) kept the repo rate unchanged at 5.25%. The last rate cut came in December 2025, when the central bank reduced the repo rate by 25 basis points to 5.25%. But does a stable repo rate mean your home loan EMI will remain unchanged in 2026? Not…
The Employees’ Provident Fund (EPF) is a secure, long term investment tool and retirement savings option for salaried individuals in India. You are eligible to open an EPF account if your basic pay and dearness allowance are up to ₹15,000, and you can add the voluntary provident fund (VPF) option if the basic pay and…
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has deleted a ₹25 lakh addition made to a taxpayer’s income over an alleged cash payment for a flat, holding that the Income Tax Department cannot rely on statements of third parties without giving the taxpayer access to those statements and an opportunity to cross-examine…
The catastrophic glacial flood that struck Nepal on 26 August 2026, following a glacier and rock collapse near the Nepal-China border, is a stark reminder of the growing financial impact of natural catastrophes across the Himalayan region. Torrents of water, rocks, mud and debris caused extensive damage to homes, roads, bridges and critical hydropower infrastructure,…
Freelancing offers independence, flexibility, and the freedom to develop a variety of skills while opening up additional avenues for earning money. But that freedom also brings financial and operational risks that salaried employees typically do not face. For freelancers and gig workers, moving away from the security of a fixed monthly salary can be liberating….
Shares of Vishal Mega Mart surged 10% on Monday after the company announced the reappointment of Managing Director and CEO Gunender Kapur for a five-year term. Morgan Stanley said the move eases succession-related concerns and provides continuity to the company’s growth strategy. Vishal Mega Mart shares surged around 10% to Rs 113.70 apiece on Monday…