Ensuring financial security for children is one of the primary concerns for parents. Whether planning for education, marriage, or other major milestones, choosing the right investment plan can make a significant difference. While traditional government-backed schemes like Sukanya Samriddhi Yojana (SSY) are widely known, financial experts are now highlighting the potential of Children's Mutual Funds as a flexible and high-return alternative.   Understanding Su

Life Insurance Corporation of India (LIC) has requested the Reserve Bank of India (RBI) to introduce long-term government bonds, including 100-year bonds, to support their investment strategies for whole life insurance policies. This request was confirmed by Siddhartha Mohanty, Managing Director and Chief Executive of LIC, during an event in Mumbai. Speaking on the sidelines of the GCA25 conference, Mohanty explained that LIC’s investment portfolio heavily depends on long-term bonds to

In a politically charged development, key Tamil Nadu BJP leaders, including state BJP chief Annamalai, former Telangana Governor Tamilisai Soundararajan, and BJP state secretary Vinoj P Selvam were detained by Tamil Nadu police on Monday. The leaders were held ahead of their planned protest against the alleged Tamil Nadu State Marketing Corporation Limited (TASMAC) liquor scam. The protest, scheduled to begin at 11 am, faced disruption as BJP leaders were either placed under house arrest or t

The Central Pension Accounting Office (CPAO) has issued fresh guidelines to streamline the pension disbursement process for retirees under the National Pension System (NPS). The new instructions aim to ensure that pensioners receive their dues on time without unnecessary delays. In a memo dated March 12, 2025, the CPAO emphasized the need to follow the same procedural framework as the Old Pension Scheme (OPS) to avoid errors. The CPAO’s latest reminder follows an earlier directive issue

Millions of women worldwide face significant financial disparities compared to men, accumulating to hundreds of thousands of pounds less in lifetime earnings. This financial gap begins early in life and persists into retirement. Understanding these challenges and taking proactive steps can help close the wealth gap for future generations.   Childhood: The Starting Point of the Wealth Gap Research by Starling Bank shows that parents give boys

The central government is expected to announce a 2% hike in Dearness Allowance (DA) and Dearness Relief (DR) this week, according to several media reports. This anticipated hike is set to benefit over 12 million central government employees and retirees under the guidelines of the 7th Pay Commission. If implemented, this increase will raise the existing DA from 53% to 55% of the basic pay. The increase is designed to help employees and pensioners manage inflation by adjusting their income to

President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve, reinforcing the United States’ role in cryptocurrency management. This move marks a significant shift in federal policy toward digital assets, as the US government will now officially stockpile Bitcoin and other cryptocurrencies seized in criminal and civil forfeiture cases.Unlike traditional government reserves, this initiative does not involve taxpayer funds. Instead, the reserve will be bui

Post Office Savings Schemes remain one of the most trusted investment options in India, offering secure returns backed by the government. Many of these schemes not only provide financial security but also offer tax benefits under Section 80C of the Income Tax Act, 1961. Investors can claim a tax deduction of up to ₹1.5 lakh per financial year when investing in these schemes, making them an attractive option for tax planning.However, these deductions are applicable only under the old tax reg

FIFA has announced that the total prize money for the 2025 Club World Cup in the United States will be a staggering $1 billion. The upcoming edition, which features an expanded 32-team format and will take place from June 14 to July 13, is set to be the biggest club competition in history.This prize money is significantly higher than what was awarded for the 2022 FIFA Men’s World Cup in Qatar ($440 million) and the 2023 FIFA Women’s World Cup in Australia and New Zealand ($

Former Andhra Pradesh Chief Minister Jagan Mohan Reddy took a sarcastic and dismissive stance when asked about Deputy CM Pawan Kalyan’s recent remarks on opposition status. During his latest media interaction, Jagan reacted to questions about Pawan Kalyan’s statement that the people had rejected Jagan as an opposition leader, and the government had no jurisdiction in the matter.Rather than engaging in a detailed response, Jagan responded with a sharp and provocative comment about

National Aerospace Laboratories (NAL), a premier aerospace research institution under the Council of Scientific and Industrial Research (CSIR), has announced the recruitment of 30 Scientist vacancies for 2025. The recruitment drive offers a competitive salary package, job security, and career growth opportunities in the aerospace sector.The online application process is now open at nal.res.in, and the last date to apply is March 3,

Fixed deposits have long been considered a safe and reliable investment option in India, particularly among conservative investors. However, declining interest rates and rising inflation have made it increasingly difficult for FDs to offer returns that outpace the rising cost of living. With the Reserve Bank of India (RBI) reducing the repo rate, banks have responded by lowering FD rates, prompting investors to explore other options that provide higher returns while maintaining financial secu

Nine months after the formation of the NDA government in Andhra Pradesh, the state is showing a strong economic turnaround. The latest fiscal survey presented in the Assembly highlights that Andhra Pradesh has recorded a 12.94% growth in fiscal management, a clear indication of recovery from the previous administration’s economic downturn. The progress is primarily driven by agriculture, industrial development, and energy production, reflecting the effectiveness of new policies focused

Indian Oil Corporation Limited (IOCL), one of India's leading public sector enterprises, has announced vacancies for the post of Assistant Quality Control Officer. The recruitment drive offers competitive salaries, career growth opportunities, and a structured selection process for eligible candidates.The notification details the eligibility criteria, salary structure, service bond, and selection procedure, inviting qualified professionals to apply before the deadline.  

Washington: Errol Musk, the father of billionaire entrepreneur Elon Musk, has raised doubts about his son's potential political career, citing concerns over his ability to connect with people at all levels. In a candid interview with Al Arabiya News, Errol expressed skepticism about Elon’s suitability for politics, emphasizing that his son is more accustomed to working with elite professionals than engaging with the general public.   E

The Trump administration has taken a dramatic step in reshaping U.S. foreign aid by terminating 2,000 employees from the U.S. Agency for International Development while placing thousands more on administrative leave around the globe. Following a ruling by a federal judge, the decision affects both domestic and international USAID staff, leaving only those designated as essential for mission-critical functions, leadership, or specific programs in active service. As of 11:59 p.m. EST on

  The idea of distributing federal savings back to American taxpayers in the form of 'DOGE dividends' has recently gained traction, largely fueled by a social media exchange between Elon Musk and President Trump. This novel concept, which originated from investor James Fishback, suggests using savings from federal government cuts to send checks to taxpayers. However, the policy, as proposed, may leave out low-income Americans who do no

Former Delhi Chief Minister and AAP leader Atishi has accused the newly formed BJP government of failing to fulfill its pre-election promise of providing a Rs 2,500 monthly allowance to women in its first cabinet meeting. In a video posted on X, she criticized the BJP for allegedly deceiving the women of Delhi.In response, newly appointed Delhi Chief Minister Rekha Gupta dismissed Atishi’s remarks, stating that the new government would operate on its own terms. "It’s our gove

Maharashtra Agriculture Minister and Nationalist Congress Party (NCP) leader Manikrao Kokate has been sentenced to two years in prison by the Nashik district and sessions court in a 1995 case involving the use of fraudulent documents to obtain government flats under a special housing scheme. In addition to the jail term, he has been fined Rs 50,000. His brother, Sunil Kokate, was also convicted in the same case.The verdict was delivered by Additional Chief Justice

The Union Home Ministry has requested the President of India to grant sanction for the prosecution of AAP leader and former Delhi minister Satyendar Jain in a money-laundering case under investigation by the Enforcement Directorate (ED). The sanction has been sought under Section 218 of the Bharatiya Nagarik Suraksha Sanhita, with the Ministry citing an ongoing ED probe and sufficient evidence.Satyendar Jain, 60, was arrested by the ED in May 2022 in connection with alleged hawala dealings. H