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While implementation of some of the changes has already begun, others such as allowing investors to park their entire corpus into systematic withdrawal plans (SWPs) will require amendments to the law. Currently, NPS subscribers can withdraw up to 60% of the corpus at the time of their retirement and the remaining has to be used to purchase annuities that will fetch them income for the rest of their lives.
FTSE 100 posts best week in over a month as economy strengthensThe blue-chip index rose 0.7%, with precious metal miners and base metal miners jumping 0.7% and 1.8%, respectively, while insurance stocks rose 1.3%.
from Stocks-Markets-Economic Times https://ift.tt/3wgB9vD
… Read MoreSebi bans Capital Money Mantra, proprietor from market for 2 yearsSebi said Capital Money Mantra and its sole proprietor Yadav have carried out investment advisory activities without obtaining a certificate of registration from the regulator.
from Stocks-Markets-Economic Times https://ift.… Read MoreSun TV Networks posts Rs 488 cr profit in Q4Its revenue from operations during January-March 2021 stood at Rs 802.55 crore. It was Rs 758.13 crore in the corresponding quarter of the previous fiscal.
from Stocks-Markets-Economic Times https://ift.tt/3wgj1Cj
… Read MoreUS consumer sentiment rebounds in early June: surveyThe survey's gauge of current economic conditions edged up to a reading of 90.6 from 89.4 in May. Its measure of consumer expectations rose to 83.8, the highest since February 2020, from 78.8.
from Stocks-Markets-Economic Ti… Read MoreFed may opt for faster phase-out of housing-backed bond purchasesThe results of the Reuters survey, which was released on Friday, showed economists expect the Fed to unveil its plans to taper its monthly purchases of $80 billion of Treasuries and $40 billion of MBS in the third quarter.
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