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Till now, the withdrawal benefit was being calculated on the basis of the period of contributory service in completed years and the wages on which EPS contribution has been paid.
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Moneycontrol has found seven stocks from the Nifty 500 index that are likely to double earnings next year. These stocks are Shree Cement, Ceat, ACC, JK Cement, BEML, Motilal Oswal Financial and Birla Corp
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In the last leg of the market rally, sectors such as banks, real estate, auto, consumer staples and infrastructure have delivered superior earnings growth. In FY23, Nifty earnings grew 16 percent over the previous fiscal year.
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Valuations are currently not as stretched as they were during the high of January 2022
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Numerous hurdles such as lack of the option to withdraw the application if not satisfied with EPFO’s calculations, limited access to past salary data, and no return of investment option take some of the shine off this scheme. Still, it can be beneficial to some
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Higher EPS pension deadline: The deadline to apply for higher pension on actual basic salary instead of the statutory limit of Rs 15,000 has been extended to July 11. Here’s everything you need to know about eligibility, the procedure and calculation. Is it worth your while?
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Higher EPS pension: The long-awaited method of computing higher pension on actual salary for those who choose this option is out. The last date to file joint application to claim higher pension is June 26
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While higher pension is desirable, numerous rules and grey areas make the decision-making process a complex affair. Here is a list of things you need to be aware of.
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The IPO of Vishnu Prakash R Punglia consists of a fresh issue of upto 31.20 million shares. Choice Capital Advisors and Pantomath Capital Advisors are the lead managers to the issue
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Employees and employers have to submit a joint declaration before May 3 for employees to be eligible for higher pension in line with the Supreme Court’s November 2022 verdict.
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Budget announcements included amendments to provide relief to salaried taxpayers withdrawing their provident fund balance or receiving leave encashment from their employers.
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While higher pension contributions would mean higher pensions for the employees, they should keep their current age, stage of employment, risk appetite, health condition, cash flow requirements, and tax impact, in perspective while deciding on whether or not to contribute to the EPS scheme on higher salary.
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Aiming to test the waters, Panneerselvam on Friday expressed his desire to meet Dhinakaran to unite all the AIADMK factions.
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O Panneerselvam, the rival AIADMK leader who was 'expelled' from the party at the July 11 GC meet, said the ruling showed nobody can "usurp" a political party and that the judiciary and God will not allow that.
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The proposal to move away from the two-person leadership concept toward a single-leader system has become a serious bone of contention now.
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The development comes after Madras High Court allowed Tamil Nadu's main opposition party to hold its General Council meeting.
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As EPS was honoured with a decorated crown, a sword and sceptre by supporters amid chants favouring him, OPS along with his supporters including Deputy Secretary R Vaithilingam moved out of the hall and left the premises.
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The upside is from the fair value of the stock, measured by the average of price targets for the counter
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Earnings per share (EPS) estimates of Nifty50 companies have been raised, led by key sectors such as banks and commodities. EPS estimates rose 5.8 percent in the current quarter, Bloomberg data showed. For the 30-stock BSE Sensex, the EPS target rose by 4.55 percent.
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Know how your EPF money is deployed, taxed and returned when you retire
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There is a thin line that separates valued investing from bottom fishing during such market crashes. Hence, it is important to ensure that you analyze the fundamentals of the company thoroughly before investing.
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Expensive valuations (due to recent rally and depressed earnings estimate) and an uncertain recovery path (of the economy) are likely to weigh on equity markets.
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It is a highly secure, tax-efficient avenue that offers better returns than most debt instruments
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Accordingly, the relief announced by the government can be claimed by eligible organisations/establishments by filing electronic challan-cum-return (ECR).
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Credit Suisse in a note to its clients said that almost 45 percent of the top 200 stocks by market cap are down by about 30 percent from their respective life highs, but we still do not believe it is time to bottom fish.
