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Small Bonus, Big Cover

Small Bonus, Big Cover

Big annual bonuses on endowment insurance plans could be a thing of past. The Insurance Regulatory and Development Authority (Irda) has proposed a minimum death benefit on endowment plans, which…

Govt hikes GPF rate to 8.8%

Govt hikes GPF rate to 8.8%

The government has increased interest rates on Special Deposit Scheme (SDS) and State Provident Funds for the year 2012-13 to 8.8 per cent from 8.6 per cent. The new rate…

Mutual Funds Hope to Get Pension Boost

Mutual Funds Hope to Get Pension Boost

Will investors get tax incentives on mutual fund retirement plans to compensate for the benefits that will be lost once the proposed Direct Taxes Code comes into effect? If the…

Global bonds climb despite downgrades

Global bonds climb despite downgrades

After taking a massive hit from the historic United States ratings downgrade 12 months ago, global bonds have staged a remarkable recovery. Funds containing the bonds offered reliable returns after…

Deadline for filing tax returns extended to August 31

Deadline for filing tax returns extended to August 31

Central Board of Direct Taxes (CBDT) on Tuesday extended the due date of filing of returns of income for the Assessment Year 2012-13 to 31st August 2012. This has been…

Have A Back-Up Plan

Have A Back-Up Plan

If you have a car, you would know the risk of driving without a spare tyre. Till 1904, car drivers dreaded punctured tyres. Then a simple idea by Thomas Morris…

Now just log on to EPFO website to check your monthly balance

Now just log on to EPFO website to check your monthly balance

Over 50 million subscribers of the retirement fund body Employees’ Provident Fund Organisation (EPFO) can obtain e-passbook along with details of their updated accounts online from Wednesday. “The EPFO subscribers…

SBI launches eFile service for filing I-T returns

SBI launches eFile service for filing I-T returns

State Bank of India (SBI) launched a new service that will facilitate filing Income Tax returns online. This service is currently available only to the bank’s customers, at a discounted…

Cabinet defers decision on pension reforms billCabinet defers decision on pension reforms bill

Cabinet defers decision on pension reforms billCabinet defers decision on pension reforms bill

Amid differences among allies, the government on Thursday deferred a decision on the changes in the crucial Pension Fund Regulatory and Development Authority Bill, 2011. “It (the PFRDA Bill) was…

Indirect Tax collection up 13.8 per cent in April-June quarter

Indirect Tax collection up 13.8 per cent in April-June quarter

Indirect tax collections during the April-June period rose by 13.8 per cent to over Rs 1.07 lakh crore, slower than the targeted 27 per cent growth for the entire fiscal.…