IDFC FIRST Bank has received authorisation from the Central Pension Accounting Office (CPAO), Government of India, to disburse pensions to central government pensioners. With this approval, the bank will now facilitate pension payments for retired All India Service Officers, former Members of Parliament, retired High Court and Supreme Court judges, ex-presidents and Vice Presidents, and …
When the government launched the Sovereign Gold Bond (SGB) scheme, it was initially seen as a lucrative investment opportunity for individuals while reducing India’s dependence on gold imports. However, the scheme has turned into a financial challenge for the government due to soaring gold prices. While investors have reaped significant returns, the government is now …
Ahead of the Delhi Assembly elections, former Chief Minister Arvind Kejriwal unveiled the ‘Mahila Samman Yojana,’ a welfare scheme aimed at financially supporting women in Delhi. Under this initiative, the Delhi government will provide ₹1,000 to women every month. Kejriwal assured that if the Aam Aadmi Party (AAP) wins the 2025 Delhi Assembly elections, this …
A new financial year has begun, and companies across various sectors will be implementing salary hikes to recognise employee contributions. While you celebrate this personal financial boost, you must also plan your finances strategically. In this article, we highlight how you can manage your salary hike effectively for a secure financial future Utilising Your Salary …
Building a significant investment corpus of ₹65 lakh within a relatively short span of 5 years may appear challenging at first glance. Shorter investment horizons typically involve higher risks and uncertainties. However, by adopting strategic planning, disciplined investing, and a well-diversified portfolio, investors can considerably enhance their prospects of meeting their financial goals. Importance of …
The Indian Government has announced a significant change in pension management for its employees. According to an official notification released on January 24, 2024, a new Unified Pension Scheme (UPS) will be implemented, effective from April 1, 2025. This scheme will be available to employees currently covered under the National Pension System (NPS), offering a …
The Employees’ Provident Fund Organisation (EPFO) has expanded its banking partnerships by signing agreements with 15 additional public and private sector banks. This strategic move is aimed at enhancing the efficiency of fund collection, streamlining employer payments, and improving overall service delivery. With this expansion, the total number of empanelled banks has now increased to …
When considering a job offer, salary is one of the most important factors. However, the salary mentioned in your offer letter is typically given as Cost to Company (CTC), which differs from the actual in-hand salary you receive every month. This is because CTC includes various components such as basic salary, allowances, performance incentives, and …
Several important changes to Social Security will begin on April 14, 2025. This will impact millions of beneficiaries and new applicants. The updates are designed to enhance security and ensure fair distribution of benefits. These changes affect identity verification processes, payments for certain retirees, and more. What Is SSA Changing In April 2025? Starting April …
Are you relocating to a new city and considering purchasing a second home through a loan? If so, it is crucial to understand the tax benefits associated with multiple housing loans. Under the Indian Income Tax Act, certain deductions are available for home loan repayments, but the benefits vary depending on whether the property is …
