As per SBI report, India created 60.8 lakh new payroll (first job) in FY20, which was 28.9 lakh less than the net jobs generated in FY19

The investments under NPS are very well diversified, the ministry said, which was responding to the reference made to it by the Ministry of Personnel, Public Grievances and Pensions seeking its comments

Protecting user data, enhanced capital support to start-ups and changes in IT sector laws can transform India into a digitally empowered society

While the EPF reduction will put some extra cash in you hands in these times of crisis, there will be an impact on your retirement savings; here's what you can do

Corona in India live updates: Following a SC verdict, Tamil Nadu government has issued an order regarding reopening of government-run TASMAC alcohol shops from Saturday; India's total number of confirmed COVID-19 cases jumped to 81,970 on Friday

If you are a layman investor, NPS may serve as a great opportunity to commit long-term regular contribution to accumulate substantial corpus by the retirement age

Lockdown in india latest news: Goa Chief Minister Pramod Sawant stated that no new coronavirus cases have been reported in the state since April 3

Here are some of the options you can explore while putting your personal finance in order in the times of coronavirus

Employees who are members of EPF can withdraw 75 per cent of the amount standing to their credit, not exceeding their three months basic pay

Coronavirus cases in india, lockdown news live updates: Telangana goernment has decided to extend the lockdown in view of novel coronavirus outbreak till Apil 30, announced Chief Minister K Chandrasekhar RaoDelhi

The partial withdrawal of funds has been permitted to fulfil financial needs of National Pension System subscribers, if required to them for treatment of COVID-19

Given its predominant role as a source of livelihood, the informal economy needs to be fixed first once the health crisis blows over. This would call for a series of long-neglected steps such as collecting comprehensive data on informal establishments and informal labour, benchmarking reasonable national minimum wage, providing comprehensive social security cover and reviving MSMEs

Coronavirus outbreak:  As many as 19 nations have announced rescue packages to companies hit by COVID-19, so far

Pension Fund Regulatory and Development Authority is planning to come up with variable annuities and systemic withdrawal option in payouts instead of existing option of the compulsory annuity plan from insurers on fixed rates

Annuity plans can form a good part of your retirement portfolio if the product fit is right

While last minute investments may manage to lower total tax outgo, they are unlikely to align well with the financial goals of taxpayers

Transforming the citizen lifecycle digitally

Kumar was commenting on the Budget proposal of finance minister Nirmala Sitharaman

The decision to switch to the new income tax rates will depend on the level of deductions that you are able to use in the present regime

Budget 2020 taxes: The Union Budget 2020-21 brought in a lot of changes in the tax slabs. Here's a detailled lowdown on the new tax regime