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Budget 2015: Substantial financial savings to get channelled into equities,says Manoj Nagpal

Budget 2015-16 is a transformational document on how Finance Minster Arun Jaitley wants to change the composition of long-term investments of retail investors.

Canteen allowance part of basic wages for PF deduction

The retirement fund body, EPFO, circulated this order in its website yesterday for reference for its field staff.

9.5% on PF? Private trusts cry foul

Private trusts, which manage employees provident fund schemes, are finding it difficult to match 9.5% return that EPFO announced for 2010-11.

Budget 2015 has made all the right moves on all key areas: Arvind Panagariya

"Investment in infrastructure has risen by Rs 70,000 crore. Infra is really the key expenditure that the government needed to push up, and it has done that."

Are Exchange Traded Funds good for you? Find out

Exchange-traded funds have attracted a lot of investments but find out if they suit you. Here’s a primer that will help you make up your mind.

EPFO trustees’ nod must on PF investments

The labour ministry has ruled out the possibility of opting for a liberal equity-laced investment pattern for the country’s provident funds.

What listing of BSE and NSE means for the exchanges and investors

Some question whether India needs more than one stock exchange, though the US and Australia buck the trend of ‘exchange consolidation’.

How self-employed and freelancers should plan their finances

Given the erratic nature of income, it's extremely important for freelancers and self-employed professionals to maintain an emergency fund.

Give workers the National Pension Scheme as an option

Trade unions are wrong to block the proposal to let workers of the employees pension scheme (EPS) switch to the National Pension Scheme (NPS).

Hariharans need to reduce debt, raise equity exposure to meet financial goals

Aligning their intent with action and linking investments with goals will make Hariharans’ financial journey much easier.

Early planning, high savings will help Lahariyas meet financial goals

Many Indians don't realize the importance of saving till they are well into their 40s, but Pankaj's financial plan is on a strong footing.

Bill to empower centre to reduce, waive-off PF dues soon

The draft bill enables central government to reduce the PF contribution to 10 per cent from existing 12 per cent of basic wages.

Focused investing to help meet long-term goals

An early start to planning means that Prathap Salian will not have much problem saving for his goals.

Elusive jobs: Modi govt slowly coming to terms with what awaits it in the final year

India’s job problem is huge and complex with no easy answers. Modi govt, in its last year, is short on time. And India’s jobseekers short on patience.

EPFO starts registration of digital signatures of employers

Taking the first step towards launching online PF transfer claim facilities, EPFO had earlier this month unveiled a revised claim form for the purpose.

Axis LT, Birla Sun Life, Reliance top 3 funds for tax savers for 2016: Dhirendra Kumar

There are large number of investors who still have not got the equity story and they would like to have a steady take in growth, they should get started with balanced funds.

EPFO starts registration of digital signatures of employers

To facilitate online transfer of PF accounts of employees on changing jobs, retirement fund manager EPFO has started the process of registering digital signatures of employers which is a prerequisite.

EPFO panel grants regular tax exemption to 68 private PF trusts

An empowered committee of the retirement fund body EPFO today approved granting regular tax exemption to 68 private provident fund trusts.

MF Queries answered by Kalpesh Ashar, CFP, Full Circle Financial Planners

Every week a mutual fund advisor answers queries from readers.

Aadhaar number not a must for EPFO members

The body had also decided to seek the Aadhaar numbers of its pensioners through the banks.

2014 saw slew of labour reforms

The ministry also managed to get two bills - Apprentices Amendment Bill 2014 and the Labour Laws Amendment Bill, 2014 passed in both the Houses of Parliament.

Rupee fall: Need to focus on the doable

It is perverse that markets should tank at news of real strength in the economy, in the place of easy-money-fuelled artificial growth.

EPFO trustees to discuss investment in equity tomorrow

Retirement fund body EPFO's trustees will deliberate tomorrow on investing part of over Rs 6 lakh crore corpus in equities and relaxing norms for increasing exposure in housing finance firms.

A look at events that rocked Bengaluru in 2016

As curtains draw on 2016, ET looks back at the events that rocked Bengaluru in 2016.

Provident Fund money may find its way to capital market

Trade Unions are seeking higher returns on the EPF money at a time when fixed deposits in banks were fetching higher interest. Achieving financial well-being

EPFO kicks off process to appoint new fund managers

The country’s largest retirement fund-the Employees’ Provident Fund Organisation - is kicking off the process to appoint new fund managers from April 2011.

Want India to increasingly become a pensioned and an insured society: Arun Jaitley

"With every step we are moving in the right direction. We are maintaining reasonable growth levels"

Poke Me: Why the Employee Provident Fund should be shut down

The EPFO cant keep discovering a goldmine in its accounting every year. A superior return is next to impossible when investments are made only in special deposits that earn a fixed interest, or in government and PSU bonds.

EPFO to consider raising retirement age to 60yrs in February 5 meet

EPFO's CBT will consider a proposal to raise the retirement age of organised sector workers to 60 years for its pension at a meeting scheduled for Wednesday.

You can save over Rs 1 lakh in tax just via these 4 avenues

The I-Tax Act, 1961 provides several avenues by way of deductions under different sections of the Act, to help one invest or make an expense to reduce the tax outgo.

EPFO meet on Feb 5 to make minimum pension of Rs 1,000 reality

Retirement fund body EPFO's trustees on February 5 will decide on amending its scheme to provide a minimum monthly pension of Rs 1,000.

National Pension System subscribers earn double digit return in 2012-13

The pension scheme for other than govt employee with investment focus on corp debt generated return of 14.19%.

Saying no to mutual funds in financial inclusion, masses exposed to worse risk

It is essential that the mutual fund industry gets a level-playing field, at par with other financial products. For this, tax discrimination should be abolished.

Acharyas should raise equity exposure, link investment to goals

Aggressive saving and investing over the years means that Acharya has nothing to worry and will reach his goals without much effort.

I-T department inspects accounts of Hiranandani Group

Income Tax department has inspected the accounts of noted builder Hiranandani Group after the CBI conducted raids on their companies two days back for alleged failure to deposit dues towards EPF.

US embassy could lose tax breaks on provident fund

The United States’ embassy in India could lose income-tax breaks on retirement savings of its Indian staffers from April 1, 2014.

Santu Biswas needs to reconcile his financial goals with available surplus

Biswas needs to plan for his retirement, for which he will need Rs 1.63 crore in 24 years to be able to maintain his existing lifestyle.

Government rolls out slew of measures for labour sector in 2011

Reaching out to the working class especially in the unorganised sector, the government rolled out several measures in 2011.

Resolve members' grievance within fortnight, EPFO to Field Offices

EPFO has reduced stipulated time limit for resolving its subscribers' grievances to 15 days from existing 30 days.

Govt favours different norms for PF investments in stocks

Last week, Minister of State for Finance Namo Narain Meena said no portion of the estimated Rs 83,363 crore corpus with GPF will be invested in stock markets.

What industry experts want from Budget 2016

As the Finance Minister and his team start work on the Budget, here are some suggestions from experts that are worth including in the draft.

Budget 2013 gives one more year to PF trusts to seek I-T exemption

Union Budget 2013 has proposed to extend the deadline for seeking exemption certificate by private PF trusts by one year till March 31, 2014.

Finance Ministry to make EPFO invest in infrastructure sector

The infrastructure sector could soon have a steady supply of long-term funds if the finance ministry is successful in its bid.

Improvident fund: Allow voluntary migration to NPS

Amend the law to allow voluntary migration of individual workers from EPFO to NPS.

Savings may get level field

Finance ministry to study tax and regulatory norms on new pension scheme, EPF, MFs & ULIPs.

Budget 2012: Life for FM not easy; Pranab invokes Shakespeare

However, around 25 minutes into his speech, the mikes went silent and members protested they could not hear Mukherjee.

EPFO may raise interest rate this year

Subscribers to the Employees Provident Fund (EPF) may earn at least a marginally higher payout for 2008-09 than the 8.5% they received in 2006-07 and 2007-08, but only if do not withdraw their funds mid-year.

EPFO may put "in abeyance" decision to make Aadhaar mandatory

Retirement fund body EPFO may put "in abeyance" decision to make Aadhaar number mandatory for its over 50 million subscribers and new members.

New taxes code for greater incentives for savings

The contributions to the PPF and pension schemes after the commencement of the code, it added, should be subject to EET mode of taxation.

States pulled up for tardy implementation of labour laws

Funds collected in the form of cess are remaining unutilised by the states, Mallikarjun Kharge said.

EPFO's hidden treasure to fetch you 9.5% return

The EPFO board also decided to stop paying interest to accounts that have not seen any fresh contribution for three years or more.

Unclaimed EPFO money cannot be utilised: Government

The Government on Monday said it has no plans to utilise unclaimed money of Employees Provident Fund Organisation (EPFO) which has accumulated to the tune of Rs 3,837 crore.

EPFO trustees may decide interest on PF deposits on Jan 15

"EPFO trustee may consider the proposal for deciding the rate of interest on PF deposits in its meeting on January 15," a source said.

Forcing workers to divert more of their salary to the provident fund is wrong

All that would happen is that the employee’s take-home salary would come down drastically, she would get to spend less, and get to save less in a manner of her choosing.

Change in PF rules will hurt workers and may not stand legal scrutiny

A whole lot of workers never get to claim their dues when they switch from one job to another because the procedural requirement is mind-boggling.

Our numbers are in order: EPFO to finmin

Taking a combative stand on its decision to pay 9.5% interest on the provident fund accumulations, the Employees Provident Fund Organization has said there is nothing wrong in its calculations that yielded the surplus facilitating stepped up payment.

Don’t fall into liquidity trap to save more on taxes: Experts

Experts advise that instead of investing more to claim relief under Section 80C, it may be better to forego a part of savings on tax outgo.

Budget 2014: Private sector contributions to NPS may be taxed for past 5 years

For pvt subscribers, date of joining service & joining NPS might have been different, as the scheme was not open to non-govt employees before 2009.

Centre must fast-track National Pension System reforms, ensure better returns for civil servants

Pension reforms will ensure that more long-term funds flow into the stock market, thereby reducing excessive dependence on foreign-fund inflows.

EPFO seeking refund of ‘excess interest’; sends out notices to members whose requests were completed after April 1, 2011

EPFO has reached out to present employers of PF members & sought refunds, citing wrongful credits of excess interest on past PF balances.

Raise IT exemption limit to Rs 3 lakh in 2011-12: Trade Unions

Besides this, the unions would ask to universalise and strengthen public distribution system and rationalise tax, duty and cess on petroleum products, with a view to reduce burden on people.

Hike contribution to ensure Rs 1,000 minimum pension: EPFO to Government

In the present scenario, Central Government contributes 1.16 per cent of workers' basic wages (basic pay plus dearness allowance), towards EPS-95 fund.

EPFO questions FinMin claim, says EPS is better than NPS

The EPFO has said this in response to a letter written by Financial Services Secretary to Labour Secretary.

Unclaimed funds with EPFO rise to Rs 4,000 cr

Close to Rs 4,000 crore is lying with the Employees Provident Fund Organisation (EPFO) in its unclaimed deposit accounts with no takers.

More is not always better while investing to save tax

Investing more than what is required in tax-saving instruments don’t fetch any further tax breaks and often offer poor returns.

Online term covers come cheap, and save tax too

'Term Plans are the cheapest and best form of insurance available for individuals today.'

Bond market remains limited to very select few corporate: Sunil Kumar Sinha, India Ratings and Research

If the pressure is on rupee to appreciate, the question is how much the rupee will be allowed to appreciate or whether RBI will try to maintain it around the same level where we have seen it for the last two-three months

State Bank of India among 24 public sector banks ineligible for Rs 50,000 crore EPFO investments

The Employees’ Provident Fund Organisation (EPFO) can no longer invest in the bonds and deposit instruments of these banks.

EPFO orders probe if Sahara paying the statutory retirement savings of its employees

PF offices have also been asked to take immediate action wherever there is no compliance, by invoking the penal provisions of the Employees Provident Fund Act of 1952

Trusts may have to park funds with EPFO

In govt effort to protect retirement savings, companies will get to manage only accounts only and hand over employees PF corpus to EPFO.

Government proposes major overhaul of labour laws

The govt proposes to loosen strict hire-and-fire rules, make it tougher for workers to form unions as well as raise the severance package by three times.

Widen social security schemes' ambit

Tens of thousands face the prospect of losing their jobs.

INTUC conclave backs Manmohan Singh government's reform policies

INTUC appreciates the policies being pursued by Congress to give a boost to our economy, union president G Sanjeeva Reddy said.

Cabinet being pursued to clear Rs 1,000 pension: Labour Minister Kodikunnil Suresh

The labour ministry is pursuing the cabinet to clear the proposal for a minimum pension of Rs 1,000 to workers under the Employees Pension Scheme, Union Minister of State for Labour Kodikunnil Suresh said today.

EPFO set to announce 9% interest for FY12 on lower withdrawal, high rate regime

A government official said an interest rate of 9% or higher was a distinct possibility for the next year as well.

ICICI, HDFC AMCs among 20 cos in race for managing EPFO funds

The government plans to appoint by September this year new fund managers for managing the Employees’ Provident Fund Organisation’s (EPFO) over Rs 1.55 lakh crore corpus.

Exempted PF trusts may get to dip into reserves for payout

EPFO will soon free exempted trusts to utilise and tap their Provident Fund Trust reserves to meet the statutory payout rate.

NPS funds for government workers gave worst ever returns in 2013-14

The Central government schemes of the NPS gave average SIP returns of 5.37% while state government employees had to be content with 4.96%.

Indian funds have beaten Warren Buffett in returns, says Nilesh Shah

Indian investors are still in reverse track, Nilesh Shah tells ET Wealth. The good news is a more mature set of investors has entered the market in recent years.

Why PPF continues to be a hassle-free investment plan for conservative investors

PPF has been a favourite investment plan with tax savers for some time now. Interest rate on PPF for this fiscal stands at 8.7%.

Special drive to bring more employees under EPFO and ESIC

A special drive would be undertaken by the Employees' Provident Fund Organisation (EPFO) and the Employees' State Insurance Corporation (ESIC) to bring more workers under their coverage.

EPFO Trustees' decision final on PF investments: Labour Ministry

Amid differences between ministries of labour & finance, former said decision of EPFO would be final.

NPS delivers average returns of 9.33%, beats PFs

More than 16 lakh central and state government employees have almost Rs 8,500 crore invested in the NPS.

NPS funds for government workers gave worst ever returns in 2013-14

NPS votaries have often argued that stock investments give the scheme a distinct advantage over the 100% debt-based Employees’ Provident Fund or EPF.

More benefits in National Pension Scheme for small investors

The government will change the withdrawal rules and provide more tax incentive to make NPS its flagship retirement savings scheme.

EPFO yet to finalise interest rate for 2012-13

Interest rate on EPF for the current fiscal is yet to be fixed despite the first quarter of the year 2012-13 having ended.

Aadhaar: Everything you need to know about it

Haven't linked Aadhaar with various services yet? Here is a collection of stories that can solve all your Aadhaar linking problems.

ELSS fund: Why you should combine tax savings with sound returns

When investors put their money in a tax-saving product, they are usually concerned only with the amount of tax they will save.

4 critical steps to save more and grow your wealth

To build wealth, investors need to heed a number of nudges, though the desired outcome will lie in their ability to walk that final mile.

EFP board likely to defer decision on interest rate

Sources said, meeting is likely to postpone a decision on EPF rate as there is no unanimity amongst members.

Bonds post highest weekly gains! What do they tell about stocks, interest rates

The yield on Jan 2026 notes fell in 11 out of 14 sessions. India’s 10-year bond yield closed at 7.419% on Friday, compared with Thursday’s close of 7.45%.

Six steps to ensure you can retire when you want and do so comfortably

As retirement planning involves understanding of various asset classes, one should take help of expert or financial advisors to design the same: Arun Thukral

NPS needs to offer equal tax treatment to all irrespective of nature of employment

The problem with taxation of withdrawals under the National Pension System is not that it’s confusing, but that it may not be fair.

EPFO bonus may go in exchange for pension hike

Govt is likely to raise minimum pension to Rs 1,000 pm for workers contributing to EPFO, but employees will have to sacrifice the bonus they get on 20 yrs of service.

PF trusts jittery over tax treatment of gains above 8.5 pc

There is ambiguity over how the 1% differential between EPF rate and the tax-free ceiling should be treated while crediting interest to employees.

Yadavs need to make goal-oriented investment to secure their finances

Dayanand brings in a salary of Rs 60,000 every month and manages to save Rs 16,130 of this amount. His household expenses come to Rs 12,600.

ET Wealth: Equity exposure to ensure smooth sailing for Mendhekars

This outgo leaves them with a surplus of Rs 43,475, but before Maalde advises them on its usage, he wants to analyse their insurance portfolio.

Upper Tamakoshi Hydropower Project gets ready for Rs 518-crore IPO

The company has authorised Citizen Investment Trust (CIT) to manage the tasks relating to the share issue.

An increase in equity, long time horizon to help Kankutes to meet financial objective

While the intent is right, the family usually doesn’t know where it is headed and whether the steps taken are adequate to help fulfil their financial goals.

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