ZUBIN MEHTA RETIRES
Do you need a retirement mutual fund to take care of your sunset years?
Many big mutual fund houses like HDFC MF, Nippon India MF, and Tata MF, have dedicated retirement schemes. However, many mutual fund advisors believe that investors don't need them.
Am I investing in a balanced mutual fund portfolio?
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With debt mutual funds and banks defaulting, where should retirees invest?
Many investors, recently, were concerned about the news around DHF...
About 92,700 BSNL, MTNL employees opt for VRS; firms to save Rs 8,800 crore annually
MTNL Chairman and Managing Director Sunil Kumar said that the PSU too has exceeded the target set for VRS.
Where should a senior citizen invest Rs 10 lakh for five years?
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BSNL seeks more senior technical officer to ensure uninterrupted service
The company has rolled out voluntary retirement scheme to reduce the number of employees and related expenses. The BSNL has also raised concern before the Department of Telecom about orders being issued by it for repatriation or deputation of some employees to other organisations, which is creating indiscipline among certain quarters of the deployed officers.
Axis Retirement Savings Fund: NFO review
Axis Retirement Savings Fund offers flexible portfolios to investors with different risk profiles. The fund will be co-managed by Jinesh Gopani and R Sivakumar.
EPFO's investment in ETFs at Rs 86,966 cr till September
The Employees' Provident Fund Organisation (EPFO) is investing in ETFs (Rs 86,966 crore) based on Nifty 50, Sensex, Central Public Sector Enterprises (CPSEs) and Bharat 22 Indices. Labour Minister Santosh Gangwar told the Lower House that the EPFO does not invest in shares and equities of individual companies.
How should a retiree invest Rs 3 lakh to generate monthly income?
You can invest in Pradhan Mantri Vaya Vandana Yojna (PMVVY), which is open till 31 March 2020. The scheme earns an annual interest of 8%, payable monthly, and thus an investment of Rs 3 lakh will provide you with a decent monthly pension income.
Railways to retire dozen officials performing below par
Senior railway officials said the non-performers have been identified and they may be shunted out in the next couple of weeks. Though they said the review of performance of government employees who have completed 30 years in service or are over 55 years has been in the rule book, now it's being followed more religiously.
Axis Mutual Fund launches Axis Retirement Savings Fund
The scheme offers flexible risk profiles, strong fund management capabilities across asset classes, tax efficiency, flexibility in using the fund for post-retirement income as well as one of the feature offering life cover to long term SIP investors.
No proposal to reduce retirement age of employees to 58 years: Government
There are provisions under Fundamental Rules 56(j), Rule 48 of Central Civil Services (Pension) Rules, 1972 and Rule 16(3) (Amended) of All India Services (Death-cum-Retirement Benefits) Rules, 1958, according to which the government has the absolute right to retire officials prematurely, on the ground of lack of integrity or ineffectiveness, in public interest, by giving notice of not less than three months in writing or three months' pay and allowances in lieu of such notice.
Is Amitabh Bachchan retiring? Actor posts cryptic message on his blog, sends Twitter into a frenzy
The blog post created a storm on Twitter with users speculating if he is bidding adieu to Bollywood.
Music conductor Zubin Mehta retires after 50 years, takes final bow with Israeli orchestra
His performance will be streamed live on a pay-to-view portal.
21 I-T officers accused of corruption asked to retire
According to Government sources, the Central Board of Direct Taxes (CBDT) compulsorily retired yet another 21 Group B officers of the rank of ITO (Income Tax Officer).
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