The Public Provident Fund (PPF) is one of the most popular investment schemes. The government backs it and offers attractive interest rates along with tax benefits. However, maintaining a PPF account requires compliance with certain norms to avoid penalties. Below are some useful tips on how to avoid penalties on your PPF account. First, to … Read more
The Employee Provident Fund (EPF) is a government-backed scheme that aims to provide social security to salaried individuals after retirement. When changing jobs, you can transfer your EPF from your existing employer to your new one. But, if you want to withdraw your EPF after leaving a job, you must wait for two months to … Read more
“Consumer-oriented industries have bright prospects, thanks to a strong GDP growth rate and a high rate of domestic consumption. As India’s per capita income rises, the share of the wallet is shifting from goods to services,” says Sujan Hajra, Chief Economist & Executive Director, Anand Rathi Shares and Stock Brokers. In an interview with ETMarkets, … Read more
Emerging markets such as China and India, before they start celebrating stable fertility rates, will have to contend with ageing populations which don’t have enough savings to deal with old-age issues. Also, those employers will prosper who offer workplace childcare, fertility and family benefits. Diversity and inclusion at the workplace will be driven by Gen … Read more
The finance ministry has asked departments and ministries to surrender savings, if any, for the current financial year 2021-22 by March 21. An office memorandum issued by the Budget Division of the Ministry of Finance informed all departments and ministries that the last date for accepting the surrender of savings anticipated in the Grants for … Read more
Nov. 5, 2021 — Early this Sunday morning, we will gain an hour, marking more than 100 years of “falling back” — and doctors say it is a perfect opportunity to counteract the negative health effects of daylight saving time. When daylight saving time ends again in the spring, we’ll lose an hour. That may … Read more
SOURCES: Axios: “Companies, states up the ante on vaccine incentives.” The Baltimore Sun: “Maryland to offer COVID vaccine lottery incentive with $2 million in cash prizes.” Twitter: @NYGovCuomo, May 26, 2021. CBS News: “Minnesota Governor Tim Waltz announces COVID-19 vaccine incentives.” The Associated Press: “California giving $116 million to people who get virus shots.” … Read more