How NPS new rules will change costs, servicing for subscribers

NPS introduces new schemes for flexible retirement payouts

India’s pension regulator has introduced new retirement income schemes and withdrawal options under the National Pension System (NPS), aimed at providing subscribers with more flexibility in receiving post-retirement payouts while continuing to maintain mandatory annuity requirements. In a circular, the Pension Fund Regulatory and Development Authority (PFRDA) said the initiative has been launched in line…

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PM Modi, Kristersson exchange unique gifts

PM Modi, Kristersson exchange unique gifts

NEW DELHI: Prime Minister Narendra Modi and his Swedish counterpart Ulf Kristersson on Sunday exhchanged special commemorative gifts to celebrate the legacy of Rabindranath Tagore.According to a statement, Kristersson gifted a two replicas of hand-written epigrams by Tagore, accompanied by a small explanatory text and a photograph of Tagore taken in 1921 during his visit…

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Gen Z drives fashion, beauty e-sales

Gen Z drives fashion, beauty e-sales

NEW DELHI: Around half of India’s online fashion and beauty shoppers are now Gen Z, and platforms are rapidly realigning to keep pace. Significantly, the cohort also boasts 1.5x the e-retail spend share on categories such as lifestyle, beauty, and electronics compared to other age groups, driving growth in a market that has more than…

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PGIM India Mutual Fund reopens subscriptions in three overseas schemes

PGIM India Mutual Fund reopens subscriptions in three overseas schemes

PGIM India Mutual Fund has announced the reopening of subscriptions in three overseas fund-of-fund schemes from May 18, following regulatory headroom available for overseas investments. According to a notice-cum-addendum issued by the asset management company, subscriptions will resume in PGIM India Asset Management’s designated schemes — PGIM India Global Equity Opportunities Fund of Fund, PGIM…

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