Stock Analysis, IPO, Mutual Funds, Bonds & More

Labour ministry cries foul over health cover tax demand

The revenue department has decided that ESIC, which promises health benefits through one’s working life, is liable to pay service tax.

7 Habits of effective tax planners

Time is running out for tax-payers looking to make investments to save taxes. Here are tips to avoid the typical mistakes made during tax-planning exercise.

Budget 2015: Relaxed fiscal deficit target gives FM room to hike infra spending, says Arvind Panagariya, NITI Aayog

'What the budget has announced, it is a big bang set of reforms that will unfold once what has been announced is also done,' says Arvind Panagariya.

Budget 2015: How investment tools like NPS, Sukanya Samriddhi Scheme can help you save for tomorrow

NPS is a flexible retirement savings scheme which offers both a lump-sum amount and monthly pension ie a fi xed income to an employee after retirement.

Higher return on PPF, NSC triggers similar rate hike demand for GPF

Govt's decision to raise interest rates on PPF and NSC has triggered a clamour for a similar rate hike on the retirement savings.

5 golden rules of financial planning

These financial tenets shall never change or become irrelevant. Follow them if you want to protect your finances against uncertainty.

It's crunch time: EPFO turns to private debt

The Employees Provident Fund Organisation (EPFO) is planning to invest in private debt instruments to generate revenue to counter the severe resource crunch.

Still keen to invest in tax-saving ELSS mutual funds? Do so with a long-term view

In a choppy market, financial advisors say investors should use the SIP route while investing in ELSS funds.

NPS may cover Rs 1 lakh cr pension money in 8 years

Subsidiaries of Life Insurance Corporation of India (LIC), State Bank of India and UTI may collectively get to manage pension funds of at least Rs 1 lakh crore under the New Pension System (NPS) by 2015.

EPFO to switch to electronic payment system

The Employees Provident Fund Organisation is switching to an electronic payment system, which will allow it to credit the PF amount to the members’ bank accounts within two days of claim authorisation.

EPFO set for major overhaul in new year

Portable PF account number will give the facility of collation of accounts, viewing of updated accounts as well as downloading the same and putting all services on one platform.

SSN will settle your PF claims faster

EPFO is issuing social security numbers to provident fund subscribers to speed up settlement process.

'Many top cos fail to make adequate PF provisions'

Many Indian companies have not made adequate provisions for employee provident fund (EPF) and pension fund, a survey conducted by consulting firm Mercer reveals.

EPFO ups life insurance benefit ceiling by 66%

The Employees’ Provident Fund Organisation (EPFO) has hiked the life insurance benefit ceiling for its 4.7-crore members by 66% from Rs 60,000 to Rs 1,00,000.

Budget 2013: Common man’s wish list

Hit hard by soaring inflation and high interest rates, the common man is looking for some respite in this year’s Budget.

Interest on PF to remain unchanged at 9.5%

Rejecting Finance Ministry's proposal, the Union Labour Minister Sahib Singh Verma said that the interest on the Employees Provident Fund would remain unchanged at 9.5 per cent.

Can a foreigner working in India withdraw Provident Fund?

Reserve Bank of India has recently permitted the foreign nationals to maintain the bank accounts in India to collect their pending dues in India.

1,550 PF trusts may lose I-T benefits

Deadline for recognition as exempted funds expires on march 31.

Finance ministry opposes wider EPFO ambit

North Block says the enhanced safety net will increase the government burden because of the contribution it makes to the employees pension scheme.

New pension scheme yet to offer clarity on tax sops

NPS may not be a big draw because the offer document does not explain how much an individual will be taxed, say tax experts. You can shift fund managers

ADAG set to manage $2.5 bn Malaysian govt funds

Reliance Capital Asset Management Company is negotiating with Malaysia to manage up to $5 billion (Rs 23,000 crore) of public and government funds, including money that is part of the national pension fund, persons aware of the development said.

Labour min starts pension sec reforms

FIRST it was the ministry of social empowerment. Then, the ministry of finance. Now it is turn of the ministry of labour which has started the process of pension sector reforms.

Labour law reforms make it to UPA policy agenda finally

Govs finally put reforms of India's obsolete labour laws, often blamed by Prime Minister Manmohan Singh for hurting job creation, on its policy agenda.

EPFO defers plans to withdraw SDS deposits

Amidst the ongoing slump, EPFO has deferred its plans to withdraw Special Deposit Scheme (SDS) funds worth Rs 53,700 crore and deposit them elsewhere for returns higher than 8 per cent.

UTI outshines SBI, LIC in pension scheme rankings

UTI Asset Management Company’s pension arm, UTI Retirement Solutions has outperformed the two other fund managers, SBI Pension Fund and Life Insurance Corporation Pension Fund in the New Pension Scheme (NPS) for government employees.

EPFO may be made as powerful as I-T dept

The labour reforms promised by the Prime Minister may actually start with the EFP reforms. The new minister and the Central Board of Trustees have cleared a total overhaul of Employees Providend Fund and MP Act 1952.

Now, companies stinting on provident fund can go scot-free

Under the new rule, unless the names of employees who have been denied benefits can be identifified PF department can’t begin proceedings.

Good move, on paper

Liberalising PF investment guidelines is a welcome move. Today, accounts in both the EPFO and many exempt PFs (that manage their own funds, under authorisation from the EPFO) are in a mess.

Govt allows pvt PFs to invest 15 pc funds in stock markets

The government on Thursday allowed private provident, pension and gratuity funds to invest up to 15 per cent of their corpus in stock markets, a step seen as a financial sector reform.

Expats from select countries can withdraw PF before they turn 58

The ministry of labour and employment has issued a notification last month allowing PF refund for expatriates coming from countries that have SSA with India.

New PF norms leave expats in lurch

Following amendments, nearly 7,000 international workers would be permitted to withdraw their accumulated balance only after they turn 58.

Home loan: How to arrange money for the down payment

With the Reserve Bank of India imposing restrictions on the quantum of loan that banks can extend to home-loan seekers, arranging for the down payment has grown into a bigger concern for house hunters.

ISO certification to be must for ESI hospitals

ESI hospitals providing healthcare facilities to workers covered under the Employees’ State Insurance Corporation (ESIC) will be soon required to have ISO certification.

Why Fixed income will grow in 2011

In 2011, one should keep 20-30% of money in liquid products, while another 50% could go into bonds, company FDs and post office products, with the balance 20-25% going into your EPF or PPF.

Private cos get an invite for pension play

Central board of trustees of the Employees’ Provident Fund chose four asset management companies (AMCs) to manage fresh additions to the EPF corpus.

Query corner: Finance

Our PF expert helps you navigate the complex world of finance.

Poke me: Accidental bloopers of an accidental PM?

The irony may not be lost on early readers of The Accidental Prime Minister, written by the PM’s former media advisor Sanjay Baru who has hinted that several decisions in UPA were outsourced to the Gandhis.

Budget 2012: Keeping mutual funds out of Rajiv Gandhi Scheme doesn't make sense

The new Rajiv Gandhi Equity Scheme could be one of the best things to happen for the small equity investor in India.

Highlights of Budget 2015-16

Here are the highlights of Finance Minister Arun Jaitley's budget for the fiscal year that begins on April 1.

Let the markets determine the exchange rate: Madan Sabnavis, CARE Ratings

We are not in a position where we can actually push our exports forward in the absence of recovery in demand conditions.

EPFO looks to bond with big corporate

The Employees' Provident Fund Organisation (EPFO) has sought the permission of its board of trustees to tweak its investment guidelines to include debt of some companies.

Govt to amend 50 labour laws

Focusing on social security and welfare for the labour in the unorganised sector, the government plans to amend at least 50 labour laws.

8 myths about retirement

Retirement corpus will have to beat inflation & grow faster. Over 20 years, even a nominal inflation of 6% will reduce the value of Rs 1-cr to Rs 29 lakh.

Retail investors may turn to bonds

The combination of rising interest rates and the drying up of tax benefits in the small savings route may finally be pushing the retail investor into government bonds market.

Labour ministry not 'party' to hike decision

Labour minister K Chandrashekhar Rao was not invited to the government's EPF (Employees' Provident Fund) party late on Wednesday night, when the decision to pay interest at the rate of 9.5% was announced.

CustomerXPs a software with a human touch

CustomerXPs stands for Customer eXPerience eXPerts, and provides intuitive and real-time software products focusing on customer experience management.

Arun Jaitley's Budget 2018 speech: Read full text here

Referring to the Government’s commitment to the welfare of farmers and doubling farmers’ income by 2022, the Finance Minister announced a slew of new schemes and measures.

EPFO accuses construction firm 'BL Kashyap and Sons' of fudging staff records and provident fund evasion; shares tank

BL Kashyap & Sons - whose clients include Microsoft, IBM, Taj Hotels - has been asked to fork out Rs 593 crore in PF dues & penalties.

Which tax-saving investment best suits your needs? Find out

ET's annual ranking of best tax-saving options assesses them on seven parameters including returns, safety, flexibility, liquidity etc.

Small savings get a breather, no cut in sight

The United Progressive Alliance (UPA) government will not lower the interest rates on small savings instruments in the forthcoming Budget.

Wait & watch before parking money in NPS: Analysts

The New Pension Scheme (NPS), launched on May 1 amid much fanfare, hasn’t found many takers among financial experts.

ET Wealth ratings: Comparison of 10 tax-saving investments under Section 80C

Comparison of 10 tax-saving instruments on 8 parameters: returns, safety, flexibility, liquidity, costs, transparency, ease of investment and taxability.

From today, manage your own pension

Subscribers will have flexibility to invest entire savings in govt securities or corp, state, municipal bonds. PF scam: Judges under scanner | You can shift fund managers

Plan early to ease your tax burden

Don’t allow the year-end tax alarm to rattle you Rs We list out some investment options that will help you save taxes efficiently.

10 smart financial moves to make in 2018

2017 was undoubtedly the year of equities. Small investors, who took to mutual funds in a big way in 2017, were amply rewarded.

Time’s ripe to wind up mega SDS

Rising interest rates loom dark over the horizon, but they have a particularly shiny silver lining.

Budget may spare your PF, insurance

The govt may put off implementation of proposals to tax them at the time of withdrawal.

ICICI, Zash differ over Subhiksha

Differences have cropped up between Zash Investment, a private equity firm owned by Wipro chairman Azim Premji, and ICICI Venture over the state of affairs at the grounded retailer Subhiksha.

Planning to save tax? Here are some investment options to benefit you

It is a general belief that significant tax planning is not possible if it comes to personal tax. There are still avenues to explore which will minimise the tax burden effectively.

PF rate increase to impact firms with own trusts

The government’s decision to raise the EPF rate to 9.5% this fiscal could hit the bottom line of 3,000 firms running their own PF trusts.

Child labour to be eradicated by 2007: Verma

Child labour would be eradicated from the country by 2007, Labour Minister Sahib Singh Verma said.

Returns are going down for EPFO

The money invested by the EPFO has been getting a lower return now than ever before. The money invested in the SDS has come down from 9% to 8%, government paper to as low as 6.5% for 10 year maturity, and triple.

2012: Smart ways to save tax & take advantage of DTC

To take advantage of the Direct Taxes Code as well as the changes in taxation rules introduced last year, you will need to tweak your tax-saving strategy.

‘We cannot really have policies that destroy jobs’

Sudha Pillai, secretary, ministry of labour & employment, spoke about unemployment, employment growth, quality of jobs and social security for workers in an interview with ET. Excerpts:

'We can’t really have policies that destroy jobs’

Every year 12.8 million people enter the labour market in the country and they need decent, remunerative employment.

NPS is a strong competitor, but there is place for all: Jayant Dua, Birla Sun Life Insurance Company

Birla Sun Life Insurance is among the oldest private insurers in India. Its CEO & MD Jayant Dua tells ET why mis-selling is bad for the industry, how retirement is changing and what he expects from the Budget.

Delhi PF department finds G4S guilty of not paying PF dues, asks to pay Rs 133 crore

G4S' final nationwide liability could rise to Rs 1,900 crore, if all other provident fund offices in the country come to a similar conclusion.

Portfolio restructuring will give more bang for the buck

The Mumbai-based couple Umesh Jadhav, 28, and his wife, 27, bring home a combined income of over Rs 9 lakh every year. Out of this, they direct Rs 20,000 every month towards household expenses.

Tax planning is the broader framework of financial planning

The trick to investing smartly and increasing returns lies in investing in a combination of debt, equity and real estate to maximise post-tax income. ULIP: A tax saving tool

From agriculture to stock markets: 8 changes government can make to keep the reform momentum going

The worthies would be well-advised, having come out of a long coma, to show wakeful activity over the remaining term of the present UPA govt.

Regulator seeks NPS tax relief

The pension regulator is pitching for income-tax exemption for contributions to the New Pension Scheme (NPS), akin to the one available for investments in Public Provident Fund (PPF) and government provident fund (GPF).

EEE taxation to EET taxation regime

The govt is planning to rationalise the domestic savings environment by introducing the tax provisions for specified savings instruments.

Corporate tax to be cut by 5 pc in 4 yrs; no change for individuals

To provide power to all, Government proposes to set up five new ultra mega power projects each of 4000 MWs in the plug-and-play mode.

Instruments that protect your capital and have low risk

Almost all instruments today are exposed to credit and interest rate risks. But there are a few that protect your capital. What are your options? We help you select the best bets.

There's a way to exit PFs' equity plans

Employees close to retirement may get the benefit of not being exposed to the vagaries of the stock market.

Pvt fund managers for Central employees

If you are a Central govt employee, you may have private fund managers managing your pension funds soon. Naren N Joshi, chief representative, ING Insurance International and a member of the executive committee of Foundation for Research, Training and Education in Insurance (FORTE), spoke on the scope and impact of these reforms

We want NPS should be on par with PF, PPF: Swarup

D Swarup told G Ganapathy Subramaniam of ET NOW in an exclusive interview that PFRDA should ultimately regulate all pension funds

NPS should be on par with PF, PPF: PFRDA Chairman

D Swarup, chairman of the PFRDA said in an exclusive interview that PFRDA should ultimately regulate all pension funds and foreign investment in this segment should go up to 49% when it does so for the insurance sector. Excerpts:

BJP wants home loan rates cut

With just 8 days to go for the presentation of the general budget for 2007-08, the BJP has come out with its wish list.

Budget 2012: An attempt has been made to cut the fiscal deficit, which is necessary for lower interest rates

Against a budgeted fiscal deficit 4.6% target for the current fiscal, the Budget now projects a revised fiscal deficit estimate at 5.9% of GDP

How women can optimize finances when looking after parents and kids

The Sandwich Generation mothers are caring not only for their kids, but also parents. Here's how they can plan their family’s finances.

Govt gives exit option to PF fund managers

The government has, for the first time, provided an exit option for provident fund managers, by giving them the leeway to withdraw their investment, if it does not meet the investment norms set by credit rating agencies.

In flat world, totalisation deals will be boon for desi workers

Developed nations such as the US and members of the European Union have social security schemes that provide a foundation of income for retired and disabled workers.

Govt drags its feet on announcing interim interest rate for EPFO

The government is in no hurry to come out with a notification on the payment of the interim interest rate declared (8.5%) for '05 to Employees Provident Fund Organisation (EPFO) subscribers. Politically, it is considered “prudent” to not rush the finance ministry's notification on the interim interest rate.

Beyond tax: Leave behind an asset not a liability

Please start to think beyond tax. Whether you can buy insurance or not for your children/grandchildren is a secondary matter.

ELSS best investment option over 3-5 years

Nobody loves to pay taxes. Unfortunately there is no way you can avoid it. Once, you cross a certain income level, you have very few ways to save taxes.

ELSS best investment option over 3-5 years

The depressed stock markets, coupled with economic uncertainties, both on the domestic and overseas front, have forced many bravehearts to reconsider their decision to park money in ELSSs.

Maha CM prefers jobs to investment

Maharashra government's industrial policy is more employment-oriented than investment-oriented.

Markets still facing possibility of downside risk: Nick Paulson-Ellis, Espirito Santo Securities

There is a debate of risk on, risk off at the moment and that performing will continue to form in volatile times, says Nick Paulson-Ellis of Espirito Santo Securities.

If rates are linked to bonds, investors won't gain much: Vijai Mantri, MD & CEO, Pramerica Mutual Fund

'Today, you will get 8.6% on your PPF because the interest rates are high. At the same time, short-term debt funds are giving returns of 9-10%.'

Homes just got dearer

No nasty surprise this; just the inevitable. But face the cold truth: home loans have become more expensive.

Avoid pitfalls in your hurry to save tax

In their last-minute scramble to save tax, many investors end up putting money in avenues that do not suit their needs

Jaswant rolls back hope, Sinha's budget to stay

The anticipated tax breaks for the middle class are unlikely to come as Finance Minister Jaswant Singh on Tuesday told Parliament that he was focussing on improving tax administration and boosting public savings - which means government savings, not yours.

Want savings? Curb the urge to splurge

Spendthrifts beware. A case study of a young couple who're advised to stay away from credit card debt.

Unemployment dole likely for laid-off employees

The laid-off can look forward to an unemployment assistance, a form of social security, once the relevant amendment is made to existing EPF schemes.

Special planning for 'special' kids

Responsibility of parents doubles when a child suffers from a mental or physical handicap.

Does the Budget boost your bottomline?

You don't need to file tax returns just because you have a cell, or went to the US to be with your NRI son.

Five smart ways to file tax returns

Filing tax returns has become simpler but many still find it cumbersome. Here’s a step-by-step guide.

Taking a break from equities? Invest in debt

The funds flowing out of equities has, expectedly, made its way to other avenues like gold, real estate and debt. So, which is the ideal avenue for an investor who has made up his/her mind to quit equities for the time being?

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