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The Employees’ Provident Fund Organisation (EPFO) has issued 1,49,806 pension payment orders for higher contributions to retired applicants in line following the November 2022 Supreme Court order, PTI reported. This was shared by Shobha Karandlaje, Minister of State (MoS) for the Ministry of Labour and Employment, in a written reply to Lok Sabha this week….
The Delhi High Court has reduced the interim maintenance for a wife. This concerns a matrimonial dispute between Ashutosh Rai Asthana and Yamita Rai Asthana. The couple married on 2 November 1995 and had two children. Following marital differences, the wife filed for maintenance in 2021. The Family Court initially granted her ₹25,000 monthly interim…
Retail investors are flocking to corporate bonds but relying too heavily on credit ratings. Experts say ratings miss default, liquidity and price risks.
If you have a bank account you haven’t used in years, it may be the right time to check its status. This is because the Reserve Bank of India (RBI) regularly advises bank account holders via text messages, emails, and official press releases to monitor their unused bank accounts and ensure they remain active and…
Delayed possession is one of the most common grievances faced by homebuyers, often forcing them to wait years beyond the promised delivery date. This may become a financial burden for the homebuyer, especially if they are paying home loan EMIs while continuing to live in a rented house and paying rent. If such a thing…
When a company deducts money from an employee’s salary towards the Employee’s Provident Fund (EPF) and adds the matching employer contribution, the amount must be deposited with EPFO by the 15th of every month. EPF is a government-backed savings scheme, in which both employee and employer contribute 12% each of the employee’s basic salary and…
Many non-resident Indians (NRIs) continue to invest in Indian equities and mutual funds to maintain exposure to the country’s relatively diversified market, with representation across FMCG, information technology, automobiles, oil and gas, financial services and pharmaceuticals. NRIs and overseas citizens of India (OCIs) are allowed to invest in Indian securities, though the process comes with…
In the current economic environment, investors across India are turning to predictable, secure government-backed savings schemes such as the Public Provident Fund (PPF), Sukanya Samriddhi Account (SSA) and Senior Citizens Savings Scheme (SCSS). These schemes offer fixed interest rates and long-term savings benefits, making them popular among those seeking stability and predictability in their investments….
Shares of Vedanta Aluminium, Aditya Birla-backed Hindalco and National Aluminium Company (NALCO) fell as much as 7% to their day’s lows on Friday after aluminium prices retreated from a seven-week high. Norwegian aluminium major Norsk Hydro ramped up production at its Brazilian refinery, Alunorte, following approval from Brazil’s oil, natural gas and biofuels regulator ANP…
Shares of LEAP India Ltd made a positive debut on Friday, listing at Rs 165.90 on the BSE, a premium of over 4% to its issue price of Rs 159. However, the gains were short-lived as profit-booking dragged the stock 12.14% from its opening price to Rs 145.85. The stock was trading 8.27% below its…