NPS

Your pension has always been meant for retirement. Now, PFRDA wants to allow you to double it up as a healthcare cushion too.

TCS employees are reacting to appraisal letters, with some reporting lower take-home salaries due to changes in compensation structure and the exclusion of gratuity from CTC. The IT giant denies any reduction in gross or net pay, stating the revised framework aligns with new labour codes and aims to protect employee earnings while enhancing tax efficiency.

Salaries, Wages Dominate Spend

Attention Barak Valley residents: Banking services will be disrupted on May 25-26 as the SBI Staff Federation embarks on a national strike. The employees are rallying against the management's neglect concerning urgent needs like improved staffing, better security measures, and fair wages.

The Trump administration is expanding hunting and fishing access on federal lands, including national parks and wildlife refuges, by removing existing restrictions. Interior Secretary Doug Burgum stated the policy is to open lands unless specific exceptions apply. This move aims to boost conservation and rural economies, despite concerns about visitor safety and science-based management.

A nuanced understanding of the various ITR forms for FY 2025–26 is essential for globally mobile professionals, domestic salaried taxpayers, and individual investors

The government is reportedly planning to raise the foreign direct investment cap in the pension sector to 100%, mirroring the insurance industry's recent liberalization. A bill to amend the PFRDA Act is anticipated in upcoming parliamentary sessions. This move aims to boost foreign investment and potentially separate the NPS Trust from the PFRDA, according to sources.

Bengaluru region recorded a 98.9% pass rate in the Class 10 CBSE exams, securing third place nationally behind Thiruvananthapuram and Vijayawada. Despite a strong overall performance, mathematics proved challenging for many students, though science and social science scores saw improvements. The introduction of two board exams for Class 10 students led to an earlier than usual results announcement.

Women are actively investing in India, moving beyond traditional savings. While participation in mutual funds and equities is rising, independent control over financial decisions, particularly tax planning, is still developing. Younger women show greater comfort with digital platforms and goal-based investing. This shift signifies a growing financial awareness and engagement across the nation.

In a bold move, Bihar Police's Economic Offences Unit targeted two high-ranking officials, Gautam Kumar, the SDPO of Kishanganj, and Vaibhav Kumar, a DRDA officer in Saharsa, amid suspicions of unexplained wealth.