Retirement fund body EPFO is all set to start online transfer of provident fund accounts in the first fortnight of October, a move that will benefit over 13 lakh applicants every year.
The government has done away with the requirement for widows to present themselves before two gazetted officers to "verify" their status for getting family pension in certain cases.
Mutual funds lost more than 13 lakh investors, measured in terms of individual accounts or folios, in the first four months of the current fiscal, mainly due to profit booking and various merger schemes.
DNA invited some of the leading experts to find out Why some people believe that Mfs are no longer relevant for the common man.
One should avoid sector-specific funds at this time as they are very risky.
Retirement fund manager EPFO on Friday launched a facility to enable its over 5 crore subscribers view updated accounts online on real time basis without waiting for their annual PF account slips.
The Pension Bill, that provides for investment of funds in equity market and opens the sector to at least 26 per cent FDI waspassed by the Lok Sabha.
The fake mobile applications use the name and purpose of I-T returns to conceal their fraud identity.
Despite volatility being witnessed in the bond and equity markets in recent months, LIC Nomura Mutual Fund is confident of achieving Rs 10,000 crore of assets under management (AUM) this fiscal on the back of sound performance in its debt schemes.
Retirement fund manager EPFO is all set to launch a facility to provide online updated account statements on real time basis for its over 5 crore subscribers soon after the Monsoon session of Parliament.
Retirement fund body EPFO has settled 96.11 percent of the claims filed during April-July this year within the mandated 30 days period as per their citizen charter.
IDBI Mutual Fund Monday launched an open-ended equity-linked savings scheme (ELSS), 'IDBI tax saving fund', with an aim to provide capital appreciation to investors along with tax benefit.
This solution ensures a carefree and financially-secured retirement for an individual and the spouse, Max Life Insurance said in a statement.
Amidst its tax woes, the IT industry raised issue of service tax refunds and interpretation on tax deducted at source (TDS) on softwares with Finance Ministry's high-level committee.
Global software major Infosys Ltd Wednesday unveiled a new solution for wealth management, which will enable banks to enhance their retail service to high net worth individuals and affluent customers.
Private insurer Bharti AXA Life Insurance launched a traditional non-participating plan, which offers the policy holder tax free guaranteed income until maturity.
Currently, the mutual fund house has an asset under management under various ETFs of around Rs 200 crore. The total equity assets managed by the AMC is around Rs 16,000 crore.
British financial major Aviva Plc's reported plans to exit Indian market is unlikely to affect the operations of insurance firm as majority partner Dabur may rope in another overseas investor as replacement.
Just 27 percent of the young in the age group of 20-34 who file returns claim refund, while this figure is 53 percent for the middle-aged (above 35 years), the survey conducted by online tax return filing portal TaxSpanner has shown.
Every district in the country will have at least one Income Tax office once the ambitious cadre restructuring of the department is implemented by the end of this year.
Indian economy badly affected due to terror attacks: Moody's
Price of pulses crosses more than Rs 225 per kilogram
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