Personal Finance

The 8th Central Pay Commission (CPC) has started receiving suggestions and demands from employee unions, pensioners’ groups and several organisations for major changes in pension rules for central government employees. The National Council-Joint Consultative Machinery (NC-JCM), Maharashtra Old Pension Organisation and All India Defence Employees Federation (AIDEF) have submitted their demands to the commission. Around…

Oister Global, an India-focused private markets asset manager, has announced the launch of its third secondary investment vehicle, ACE Fund III, with a target corpus of ₹500 crore (₹250 crore base plus ₹250 crore greenshoe). The launch follows the 2x oversubscription of its predecessor, ACE Fund II, which closed at ₹400 crore against a target…

Flagging concerns over the high concentration of Atal Pension Yojana (APY) subscribers in the minimum slab of ₹1,000, Financial Services Secretary M Nagaraju called on financial institutions, particularly banks, to nudge individuals toward higher pension slabs as their incomes grow. The flagship social security scheme, APY, has witnessed gross enrolments crossing the 9 crore mark,…

India’s retail lending market expanded strongly in FY26, with broad-based growth across secured and unsecured segments, even as post-festive moderation impacted select categories, according to a report released by CRIF High Mark. The country’s retail lending portfolio rose to ₹170.2 lakh crore as of March 2026, marking a 16.6% year-on-year increase and a 4.6% quarter-on-quarter…

A SIP in the WhiteOak Capital Multi Asset Allocation Fund would have grown to ₹4.46 lakh over three years, reflecting an annualised return of 14.57%, according to a Value Research calculator for the Regular Plan of the scheme. The illustration assumes a monthly investment of ₹10,000 over a three-year period, resulting in a total investment…

Tata AIA Life Insurance has launched the Tata AIA Dividend Leaders Index Pension Fund, a new unit-linked pension fund aimed at providing long-term retirement-oriented market exposure through dividend-paying equity stocks. The fund is designed to track the BSE 500 Dividend Leaders 50 Index and will invest in 50 companies identified for their consistent dividend distribution…

Bajaj Life Insurance Bajaj Life Insurance has announced its highest-ever bonus of ₹1,939 crore for the financial year 2025–26 (FY26) for participating policyholders, marking a 5.8% increase over ₹1,833 crore declared in FY25. The bonus will benefit over 11.89 lakh policyholders holding participating (traditional) policies that are in force as of March 31, 2026. The…

Passive mutual funds continued to attract strong investor interest, with category assets under management rising 7.6% month-on-month to ₹15.19 lakh crore in April, according to AMFI data — underlining how low-cost investing strategies are steadily gaining ground among retail investors in India. While inflows into index funds moderated during the month after strong recent inflows,…

Nilesh Sathe, former member of the Insurance Regulatory and Development Authority of India (IRDAI), welcomed the insurance reforms proposed by Chairman Ajay Seth but said the success of Bima Sugam will depend on pricing, technology and customer experience. Sathe said Bima Sugam has the potential to become a game changer for the insurance industry. However,…

The Income Tax Department’s growing use of automated data matching and analytics is leading to a rise in tax notices across taxpayer categories, including salaried individuals, freelancers and small businesses, according to tax experts. Authorities are now cross-checking information from Annual Information Statements (AIS), Form 26AS, Taxpayer Information Summary (TIS), GST filings, bank records and…