Personal Finance - Angel One - Page 151

The 8th Pay Commission, which will revise salaries and pensions for central government employees, has been approved by the Union Cabinet and is expected to be implemented next year. The final salary adjustments will be based on the fitment factor, a multiplier applied to current basic pay to determine the revised salary structure. One key …

On February 24, 2025, Prime Minister Shri Narendra Modi launched the 19th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme in Bhagalpur, Bihar, bringing good news to millions of farmers across India! The PM Kisan 19th Instalment will directly benefit over 9.8 crore farmers, including 2.41 crore women farmers, with financial support exceeding …

Did you miss the deadline to activate your UAN to enjoy benefits under the Employment-Linked Incentive (ELI) scheme? Don’t worry, the Employees’ Provident Fund Organisation (EPFO) has extended the deadline for Universal Account Number (UAN) activation and Aadhaar-bank account linking to March 15, 2025, which was previously February 15, 2025. The deadline has been extended, …

The 8th Pay Commission is highly anticipated as government employees await insights into potential salary hikes and benefits. Pay Commissions, set up periodically, assess salary structures and recommend revisions based on inflation, economic conditions, and cost of living. While the 7th Pay Commission brought a significant boost in pay scales, curiosity now grows about the …

Retirement planning is a subject of growing interest, especially when one considers how a modest lump sum can evolve into a substantial corpus over time. This article presents an informational exploration of two distinct scenarios where an initial investment of ₹11,00,000 grows significantly through the power of compounding, without offering any recommendations or advice. Understanding …

In today’s global economy, high-income earners often compare tax structures across different countries to understand the real value of their earnings. This article presents an informational comparison of how a ₹10 crore salary is affected by marginal tax rates in several countries, with a focus on the United States, India, the United Arab Emirates (UAE) …

The central bank, the Reserve Bank of India (RBI) has announced the schedule for the premature redemption of Sovereign Gold Bonds (SGBs) for the period from April 2025 to September 2025. Investors who have held their SGBs for at least 5 years from the issue date are eligible to redeem them before maturity. Premature Redemption …

Newly appointed Delhi Chief Minister Rekha Gupta reaffirmed her commitment to implementing the Mahila Samriddhi Yojana, which promises ₹2,500 per month to eligible women in the capital, as per news reports. Speaking at a press conference on February 23, Delhi Chief Minister Rekha Gupta addressed concerns over the scheme’s execution amid financial constraints. She acknowledged …

Angel One Asset Management Company has introduced its first-ever new fund offer (NFO) with the Angel One Nifty Total Market Index Fund, currently open for subscription until February 21, 2025. This open-ended scheme aims to replicate and track the Nifty Total Market Index, allowing investors to participate in India’s growth story without the complexities of …

Mahila Samriddhi Yojana is a financial assistance initiative designed to empower women in Delhi by supporting their economic well-being. In the lead-up to her oath-taking ceremony last week, Chief Minister-designate Rekha Gupta announced that eligible women in Delhi will receive ₹2,500 under the scheme by March 8. The scheme is expected to benefit a large …