On 29 June, the government notified three schemes under the Code on Social Security, 2020: the Employees’ Provident Funds Scheme, 2026 (replacing the EPF Scheme, 1952), the Employees’ Pension Scheme, 2026 (replacing the EPS, 1995), and the Employees’ Deposit-Linked Insurance Scheme, 2026 (replacing the EDLI Scheme, 1976).
The S&P 500 ended lower on Tuesday, weighed down by losses in Micron Technology and other chipmakers due to mounting doubts about the sustainability of Wall Street’s AI-driven rally. Chip stocks in Asia and the United States dropped after memory chip giant Samsung Electronics’ blowout earnings report failed to satisfy investors with sky-high expectations. Micron…
Introduction: In this article, I’ll explore the enticing financial option known as a Flexi Loan, delving into its advantages and drawbacks. A Flexi Loan is a versatile credit facility that has gained popularity among borrowers due to its unique features. This financial instrument offers borrowers the flexibility to withdraw and repay funds as per…
If you’ve donated to a charitable institution and plan to claim a tax deduction, your donation receipt alone may no longer be enough. The Income Tax Return (ITR) forms for Assessment Year (AY) 2026-27 require taxpayers claiming deductions under Section 80G of the Income-tax Act to provide additional payment details, including the transaction reference number…
New Delhi: The World Bank raised India’s FY27 growth forecast to 6.6% from 6.5% estimated in January, citing reduced US tariffs and the anticipated benefits of upcoming free trade agreements. These factors are expected to cushion the impact of weaker external demand stemming from the ongoing Middle East conflict. Economic growth, however, is projected to…
The central government has complete power with a clear mandate, but directives from the Centre have to be executed well at the state level. So, there are many things that are still not in Modi’s hands, says Raamdeo Agrawal, Joint Managing Director, Motilal Oswal Financial Services in an interview with Narendra Nathan and Sanket Dhanorkar….
When it comes to mutual funds, more isn’t necessarily better. While diversification is essential, owning too many schemes can result in repeated exposure to the same stocks and unnecessary complexity. So, how many mutual funds are actually enough to build a well-balanced portfolio? Experts say the answer is surprisingly simple. “If you’re just starting out…