In the bond market, rate hikes are bad as bond yields, i.e., traded levels for bond deals in the secondary market move up when RBI is signalling rates upward. However, the bond market was already prepared for this hike. The 10-year government bond yield, even before this hike, was at 7.2%. Yields have moved up…
The Employees’ Provident Fund Organisation (EPFO) has urged eligible members to complete the required 10 years of eligible service to secure the benefit of a monthly pension after retirement. The organisation also cautioned members about the possible impact of withdrawing their PF funds before completing the required service period. Having a clear understanding of the…
When a family member passes away, inheriting financial assets such as shares, mutual funds and bonds can be emotionally overwhelming, especially for non-resident Indians (NRIs). While inheritance itself may seem straightforward, the transmission process often gets delayed because of missing documents, outdated nominations or paperwork errors. Experts say the process has become simpler following the…
If your provident fund claim is delayed beyond the prescribed settlement period, you may be eligible for additional interest on the amount due. The interest is intended to compensate members for delays in settling eligible claims. This was highlighted in a recent case where the Mumbai Consumer Commission ordered the EPFO to pay 6% annual…
If you’re an Indian freelancer receiving payments from overseas clients, the amount on your invoice may not be your net payout, as various charges can reduce the final amount credited to your bank account. Hamraj Kumar, Founder & CEO of Testkart, explained that the final amount depends on how the freelancer receives the payment and…
The US-Iran war that began on February 27 triggered sharp swings across equities, with benchmarks struggling to find direction. The Nifty 50 moved from 22,421 at the start of the conflict to 23,997 by April 8, when Donald Trump first announced a ceasefire, before climbing further to 25,178 on October 1. ET Bureau ET Bureau…