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Under this scheme, employees working in the organised sector can gain pension benefit after reaching age 58. This EPS applies to new and existing members. The Scheme has been framed by the Central Government in accordance with the powers conferred by section 6A of the Employees’ Provident Funds and Miscellaneous Provisions (EPF and MP) Act, 1952.
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [8] The EPF claims that the lowered dividend is the result of its decision to invest in low-risk fixed revenue instruments, which produce lower returns but maintains the principal value of its members' contributions.
If you’re a retiree coming into the new year, it’s a great time to think through your financial goals for the next 12 months. This could be an opportunity to rebalance your portfolio to reduce ...
A financial calculator or business calculator is an electronic calculator that performs financial functions commonly needed in business and commerce communities [1] (simple interest, compound interest, cash flow, amortization, conversion, cost/sell/margin, depreciation etc.).
The Reel Inn, one of the Pacific Coast Highway's most iconic landmarks, burned in the fires, according to a GoFundMe page shared by the restaurant's social media and its owners.
A compilation of mugshots for Idaho student murders suspect Bryan Kohberger, a 29-year-old criminologist accused of sneaking into an off-campus rental home and killing four students with a knife ...
Tier II: In order to introduce some liquidity to the scheme, the PFRDA allows for a Tier II account where subscribers with pre-existing Tier I accounts can deposit and withdraw money as and when they want. NPS Tier II is an investment account, similar to a mutual fund in characteristics, but offers no exit load, no commissions, good returns. [37]
Last year was the planet’s hottest in recorded history, multiple government agencies announced Friday, marking two years in a row that global temperatures have shattered records. Scientists with ...