Retirement Schemes

This is the second such offer since the takeover of the airline by the Tata Group in January 2022, and will remain in force till April 30

Not allocating adequately to equities, which can potentially beat inflation, is another error they must avoid

The first offers a guaranteed rate of return for long; the other secures income for the rest of your life

Under the Air India's VRS rules, people older than 40 years of age with 20 years of continuous employment can opt for voluntary retirement

The Union government has approached top 85 Indian companies including Reliance and Bharat Forge to hire Agniveers once they retire four years later and the feedback has been positive

The increase in the limit to Rs 21,000 under EPFO will bring more workers under the retirement scheme

Most of the reductions would take place in the area of Dearborn, Michigan, where Ford has its headquarters and large product development and engineering operations

In October, the Union government approved a Rs 69,000 crore revival package for BSNL and MTNL

BSNL is looking at savings of about Rs 7,000 crore in wage bill, considering 70,000-80,000 personnel opt for the scheme.

Only senior citizens (resident individuals of age 60 years or more) are not required to pay advance tax.

Most come with 5-year lock-in period, but some do not offer tax benefits

With multiple plans, investors across age groups and risk appetite can invest in these schemes

The three-year and five-year returns are 20.97 and 15.47 per cent annually