The Indian government is reportedly working on a Universal Pension Scheme, a voluntary initiative designed to provide retirement benefits to individuals across all sectors, including those in unorganised employment, traders, and self-employed individuals aged 18 and above. Unlike traditional job-based pension plans, this scheme will not be tied to any specific employment, making it accessible to a wider range of individuals.The Labour Ministry has already initiated discussions on the framewor

Apple has announced a major expansion of its U.S.-based manufacturing with the construction of a new artificial intelligence (AI) server factory in Houston, Texas. This initiative is part of the company’s broader $500 billion investment strategy, aimed at strengthening its AI capabilities, increasing job creation, and reducing reliance on international supply chains. The upcoming 250,000-square-foot facility will be dedicated to producing servers specificall

The Employees’ Provident Fund Organisation (EPFO) is set to introduce a major digital upgrade by allowing employees to withdraw their provident fund (EPF) claims using the Unified Payment Interface (UPI). This move is part of the Indian government’s broader initiative to enhance digital financial transactions and streamline fund disbursements for millions of subscribers. The feature is expected to launch in the next two to three months as EPFO collaborates with the National Paymen

The National Pension Scheme (NPS) is a government-backed retirement savings initiative designed to provide individuals with long-term financial security. With its tax benefits and flexible investment options, NPS is an attractive choice for those looking to systematically build a pension corpus. One of the most convenient ways to contribute to NPS is through a Systematic Investment Plan (SIP), which allows individuals to invest small amounts regularly, ensuring a d

The Life Insurance Corporation of India (LIC) has launched the Smart Pension Plan, designed to provide financial security for retirees through structured annuity payouts. The plan offers a range of annuity options, ensuring flexibility and stability for policyholders looking for a steady income after retirement. With multiple features tailored to meet the needs of individuals at different life stages, the Smart Pension Plan provides long-term financial support.The

A recent Maharashtra wedding was called off due to the groom’s low CIBIL score, proving that financial compatibility is a crucial factor in relationships. While love is important, financial transparency, budgeting habits, and investment planning are equally essential for a successful marriage.According to a 2024 YouGov survey, 32% of Indian Millennials and Gen Z took out personal loans last year—many without discussing them with their partners. Financial stress ranks among the top

  Asia-Pacific markets advanced on Friday, mirroring Wall Street’s gains as investor sentiment improved following U.S. President Donald Trump’s announcement of a reciprocal tariff review. The move signaled potential changes in global trade policies, though immediate action was not taken. Major indexes across Asia, including China’s CSI 300, Hong Kong’s Hang Seng, and South Korea’s Kospi, all saw gains, while Japan&rsq

Gold investors have seen an exceptional rally, with the metal's price soaring over 40% in the past year—more than double the gains of the S&P 500. While many turn to gold as a hedge against fiat currency, economic uncertainty, or other motivations, the U.S. government remains the largest holder of the metal. A simple accounting adjustment could potentially add around $750 billion to the country's balance sheet.

Discussions about discontinuing the penny’s production have circulated among government officials and economists for decades. However, this debate turned into action over the weekend when President Donald Trump directed the U.S. Treasury to halt the minting of new pennies. “For far too long, the United States has minted pennies that cost more than two cents each to produce. This is extremely wasteful!&rdquo

In a shocking case of financial fraud, a Non-Resident Indian (NRI) from Canada was allegedly defrauded of ₹1.23 crore by a Swaminarayan sect devotee from Vidyanagar, Gujarat. The accused, identified as Milan Kumar, also known as Nishchint Patel, lured the victim with a scheme promising to double his investment in a short period.   The Victim: An Educator from Canada

Asian markets showed a mixed performance today, with investors weighing the effects of new tariffs imposed by the United States and China. Japan's Nikkei 225 regained some ground, up by less than 0.1%, while Australia’s S&P/ASX 200 rose 0.5%. However, Hong Kong’s Hang Seng Index dropped by 1.2%, and China’s Shanghai Composite fell by 0.7%. South Korea’s Kospi, on the other hand, surged 1.1%, driven by bargain-hunting following rec

USPS Suspends Incoming Parcels from China and Hong Kong Amid Rising Trade Tensions In a move that could significantly disrupt global e-commerce, the United States Postal Service (USPS) has halted the acceptance of all incoming international parcels from China and Hong Kong until further notice. While the postal service has not provided a direct reason for the suspension, it coincides with a serie

The Employees' Provident Fund Organisation (EPFO) has recently issued 21,885 pension payment orders as part of its ongoing efforts to implement higher pensions under the Employees' Pension Scheme (EPS) 1995. As per Minister of State for Labour & Employment Shobha Karandlaje's written response in Lok Sabha, a total of 17.48 lakh applications were submitted by pensioners and members seeking to increase their pension by making higher contributions.   The EPF