NPS vs PPF: Public Provident Fund (PPF) and National Pension Scheme (NPS) are popular saving schemes among salaried people. Both the saving schemes serve similar purposes – financial security to the subscriber post-retirement. The two schemes have a similar functioning as well — investment at regular intervals in conjunction with compounding. However, NPS has become more
By this time you must have heard the story of that Bengaluru-based woman who, while she was pregnant and was on maternity leave a few years ago, had given her debit card to her husband to withdraw Rs 25,000 from her SBI account. However, when her husband tried to withdraw the amount, the cash was
The Reserve Bank of India (RBI) has asked all banks to tweak their systems by June 30 to enable the use of virtual IDs (VIDs) in lieu of Aadhaar, and migrate to the limited know-your-customer mechanism, a senior government official told FE. This means customers can choose to give the bank either their Aadhaar numbers
Around 12 lakh new documents have emerged linking individuals or organisations to secret tax havens, with Indian personalities figuring in at least 12,000 of them. These are the findings of the International Consortium of Investigative Journalists and German newspaper Suddeutsche Zeitung, in collaboration with The Indian Express, in what is the second “leak” of Panama Papers-related documents since
As India is heading towards an Information Technology (IT) age the number of cyber crimes have also been growing at a geometric proportion in all the metro cities and IT town like Hyderabad, Gurgaon, Noida, Mumbai, Pune, Bhubaneswar, Delhi, Chandigarh etc. Most of these cities have been witnessing cybercrime posing as another threat. Shocking news
How much mobile data you need? And how much money do you need to spend on it? The answers to these questions will vary from user to user. But given the current data plans offered by telecom companies like Jio and Airtel, chances are that most people don’t need to spend more than Rs 100
India will soon have its own satellite navigation system on the lines of GPS by the US, GLONASS by Russia, European Union’s Galileo and China’s BNS, with the Ministry of Electronics and IT (MeitY) in the process of coming out with a tender to invite companies, including start-ups, to commercially manufacture NavIC chips. NavIC, or
June 14 marks the World Blood Donor Day and is observed by the World Health Organisation (WHO) worldwide. To help raise awareness of the shortage and the need for blood donations, social media giant Facebookhas launched a blood donation centre in India. Called ‘Blood Donations on Facebook’, the new centre shows opportunities for people to donate
Rajesh Kumar Jain, a 53-year old businessman based in Delhi purchased a health insurance for Rs 1 crore paying a premium of only Rs 2,768. Jain said, “Such high sum insured is required in case one is diagnosed with critical illnesses. This policy allowed me to secure myself with a high sum insured and the
Access to information is a key pillar of democracy, especially in times of increased outreach and connectivity. According to the legal mandate of the Right to Information Act, every public authority needs to ensure the cataloguing and computerisation of all records and ensuring access through interoperable networks. A key pillar for the National Democratic Alliance
