Zee Business

5 days ago | zeebiz.com | Shaghil Bilali

UPS Gratuity Calculations: The finance ministry recently announced that Unified Pension Scheme (UPS) account holders will be eligible to get gratuity as per Central Civil Service (Payment of Gratuity under National Pension System) Rules, 2021. The maximum retirement and death gratuity that UPS subscribers can get is Rs 25 lakh. What are gratuity rules for UPS subscribers? Are they different from the gratuity rules for employees following Old Pension Scheme (OPS) and National Pension System (NPS)?

5 days ago | zeebiz.com | Shaghil Bilali

Mutual Fund Investment vs Inflation: Creating an estimated Rs 1,50,00,000 corpus from a Rs 5,00,000 mutual fund lump sum investment can look promising on paper—growing your investment amount by 50 times. But there is one powerful force that is working against such wealth creation—inflation. At an average inflation rate of 6 per cent, the real value of your Rs 1,50,00,000 corpus could be far lower than you think. Will your return hold real value in the future?

5 days ago | zeebiz.com | Sandeep Singh

Are big hikes in petrol and diesel rates on the cards? Amid tensions in the Middle East, with the US launching strikes on three Iranian nuclear targets, all eyes are on any fluctuation in crude oil prices from hereon. Iran's Parliament, known as the Majlis, has given the nod to the closure of the Strait of Hormuz in response to the US attacks, according to foreign media. About one-fifth of the world’s crude oil supplies pass through this sea route.

1 week ago | zeebiz.com | Sandeep Singh

Ireland-based Accenture's shares took a heavy beating on Friday after the professional services company reported a largely better-than-expected set of financial results for the March-May period. Accenture shares finished lower by $21 or 6.9 per cent to settle at $285.4 apiece after falling as much as 10.8 per cent in intraday trade. The stock had settled at $306.4 apiece the previous day. Accenture follows a rare September-August financial year.

1 week ago | zeebiz.com | Shaghil Bilali

Gratuity Calculations: Gratuity is an important component for government employees as it forms a major chunk of monetary benefits. Employees following Old Pension Scheme (OPS), National Pension System (NPS) and Unified Pension Scheme (UPS) are eligible to get a gratuity amount upon completion of their service. But how is gratuity calculated for them? What is the minimum service years criterion? Do they get different gratuity in different pension systems?