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HISTORICAL FACTS: 4 - The Untold Story

Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefits

The "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, including exemptions on gratuity, commuted pension and leave encashment, as well as deductions for employer contributions to NPS, potentially leading to incorrect tax computation and compliance issues.

The Economic Times

Extreme heat expected again at the Grand Canyon after 3 hikers die in heat-related incidents

Visitors to Grand Canyon National Park are being warned about extreme heat early next week

The Independent UK

PFRDA tightens NPS audit rules: Pension body orders regular audit checks for PoP service providers

The Pension Fund Regulatory and Development Authority now requires Points of Presence offering National Pension System services to undergo audits. This directive, effective from April 1, 2026, to March 31, 2027, ensures compliance with NPS rules, KYC norms, and proper handling of subscriber funds.

The Economic Times

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New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26

Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contributions to NPS and EPF, a standard deduction of Rs 75,000, and interest on home loans for let-out properties. Exempt perquisites and certain official allowances also offer tax benefits.

The Economic Times

Will Rs 32 lakh EPF corpus withdrawal be tax-free? Are there better options than withdrawing?

ET Wealth Reader's Query: I contributed to EPF until 2021 while working at an MNC. Since moving to a startup in 2022 that doesn’t offer PF, my EPF account has been inactive. The corpus is about Rs 32 lakh, and I’m considering withdrawing and reinvesting it. Will the withdrawal be…

The Economic Times

Building Trump's 250-Foot Arch Next to Arlington National Cemetery Would Mean 20-Hour Construction Days for Three Years

Federal planning documents detail the construction of Trump's proposed 250-foot Independence Arch near Arlington, revealing extensive plans, legal challenges, and unresolved funding issues.

International Business Times UK

Trump's DOJ Defence of a UFC Fight on the White House Lawn Is That the Lawsuit 'Arrived Too Late' To Matter

The DOJ argues against a lawsuit aiming to block a UFC event on the White House lawn, citing planning costs and athlete health risks as reasons for dismissal.

International Business Times UK

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‘This is it’: mauled US hiker recalls moment grizzly locked eyes with him

Daniel Crago says he feels ‘extremely lucky’ after encounter with bear at Glacier national park last month

The Guardian - US

Even If Trump's Ballroom Project Is Illegal, a DOJ Lawyer Says, the Courts Cannot Stop It

The D.C. Circuit is reviewing an injunction issued by a judge who said "no statute comes close to giving the President the authority he claims to have."

Reason

Now easier to enrol for NPS: Pension body launches StAR NPS for online onboarding

The Pension Fund Regulatory and Development Authority has launched a new digital platform called StAR NPS. This platform, developed by BSE Technologies, allows Points of Presence to onboard National Pension System subscribers digitally. The process includes electronic data collection and KYC verification. Subscribers can make their first contribution through the…

The Economic Times

Can a ₹1 crore NPS corpus generate more than ₹1 lakh per month? What the new RIS framework offers

Retirees now have a new way to manage their National Pension System (NPS) corpus, offering flexibility and potential for growth. The Retirement Income Scheme (RIS) allows keeping savings invested post-retirement, generating regular income through Systematic Payout Rate (SPR) or Systematic Unit Redemption (SUR) options. This approach balances market exposure with…

The Economic Times

Court Issues Temporary Restraining Order Protecting Group Flying "8647" Flag

The flag, in context, likely doesn't fit within the First Amendment exception for true threats of illegal conduct or incitement of illegal conduct. [UPDATE: I had originally called this a preliminary injunction, but it is technically a temporary restraining order.]

Reason

Arizona scrambles to save endangered turtles – their only home faces potential destruction from a Trump Administration plan

“In an ideal world, we would wait until the (secondary wall) contract was issued.”

We Got This Covered

New income tax regime: Don’t miss out on these 3 key deductions that will reduce your taxable income & help save more tax

Many taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000 standard deduction. Employer contributions to NPS and interest on home loans for let-out properties are also still permissible, reducing overall tax liability.

The Economic Times

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The Independent UK

Chaos as crowds pack Yosemite over weekend after reservation system ended

In March, Yosemite National Park received nearly 100,000 more visitors than it did at the same time the previous year

The Economic Times

What is Retirement Income Scheme in NPS; how do SPR and SUR work?

Under National Pension System's (NPS) Retirement Income Schemes (RIS), subscribers can choose periodic payouts till age 85 via Systematic Payout Rate or Systematic Unit Redemption. The scheme aims to balance regular income, market-linked returns, and corpus longevity through a structured glide path.

The Economic Times

Can salary-linked SIPs transform mutual fund investing for salaried Indians? Experts weigh in

Sebi has proposed a framework allowing salaried employees to invest in mutual funds through salary deductions, similar to EPF and NPS. This initiative aims to simplify investing for first-time users, potentially reducing SIP stoppages and boosting monthly inflows by offering a disciplined, automated savings channel.

The Economic Times

Have NPS grievances? Expect quicker redressal soon as pension body proposes reducing resolution timelines

National Pension System subscribers will soon experience quicker grievance resolution. The Pension Fund Regulatory and Development Authority is proposing significant cuts to complaint handling times.

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The Economic Times

PFRDA sets up panel to look at adding more asset classes for better returns

PFRDA is exploring new asset classes to boost long-term, stable returns for National Pension System subscribers, aiming to avoid market volatility. The regulator is also considering a Minimum Assured Pension plan and a Unified Pension Scheme for the private sector, while actively engaging farmers, MSMEs, and SHG groups to promote…

The Economic Times

NPS growth, performance, market-linked annuities; Sriram Iyer, CEO of HDFC Pension, talks about India’s changing retirement landscape

India's retirement planning is evolving with rising private sector NPS participation and evolving annuity products. While government contributions still dominate, private sector growth is steady. In an interview with Sriram Iyer, MD & CEO of HDFC Pension, he spoke about the growing role of NPS in retirement planning, NPS performance…

The Economic Times

Is your mutual fund SIP secretly crushing the Indian rupee? Jefferies explains the bitter side of the story

India's strong mutual fund SIP culture is helping foreign investors exit the equity market. This is putting pressure on the Indian Rupee. Jefferies reports that capital flows are low, not the current account deficit. Foreign investors have sold equities worth billions. Domestic savings are now funding these outflows. The Rupee…

The Guardian - US

California island fire linked to sailor’s distress flare scorches 10,000 acres

Fire on Santa Rosa Island in Channel Islands national park becomes state’s largest this year and threatens rare plants

The Economic Times

NPS launches Retirement Income Schemes: New drawdown option for pension payouts, benefits & rules

The Pension Fund Regulatory and Development Authority has launched new Retirement Income Schemes and drawdown options for National Pension System subscribers. These changes aim to provide predictable cashflow and extend the life of retirement funds.

The Economic Times

NPS annuity exit rules relaxed: Policy surrender allowed in cases of critical illness, old policies with surrender clause

The Pension Fund Regulatory and Development Authority has revised rules for National Pension System annuity surrenders. Subscribers facing critical illness or holding older annuity contracts with specific surrender clauses can now seek surrender.

The Economic Times

NPS gets new investment option: Pension body allows NPS funds to invest in these rupee bonds

The PFRDA has updated NPS investment guidelines, effective May 13, 2026, to include rupee-denominated bonds issued by the New Development Bank (NDB). This expands investment options for both government and private sector NPS funds, previously limited to bonds from IBRD, IFC, and ADB. Other conditions like credit rating and maturity…

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