Latest news with #PPF
News18
19 hours ago
- Business
- News18
This Post Office Scheme Can Turn Rs 411 A Day Into Rs 43.6 Lakh In 15 Years
If you're looking for a reliable way to build wealth over time without exposing your money to market risks, the Public Provident Fund (PPF) scheme offered by the Indian Post Office might be the ideal solution. With a daily saving of just Rs 411, which adds up to Rs 12,500 a month or Rs 1.5 lakh a year, you can accumulate a tax-free corpus of Rs 43.60 lakh in 15 years. (News18 Hindi) This long-standing government-backed scheme continues to be a preferred choice for individuals seeking security, stable returns, and tax benefits. Currently, the PPF offers an annual interest rate of 7.9 percent, compounded yearly. (News18 Hindi) 3/8 If you invest the maximum permitted amount of Rs 1.5 lakh every year, you will receive Rs 43.60 lakh at maturity after 15 years. What makes it even more attractive is that nearly half of this amount, around Rs 21.10 lakh, will be in the form of interest earned, and none of it will be taxed. (News18 Hindi) Unlike most market-linked investments, PPF is designed to offer peace of mind. Your capital is completely protected by the government, and the returns are not only guaranteed but also tax-free under Section 80C of the Income Tax Act. This makes it a rare scheme where both the contribution and the returns enjoy full tax exemption. (News18 Hindi) Investing in the PPF is simple. You can open the account with as little as Rs 500 and contribute in a lump sum or in up to 12 installments throughout the financial year. While there's no option to open a joint PPF account, any Indian citizen, regardless of age, can open one. However, it's important to maintain the minimum annual contribution of Rs 500, as failing to do so for more than one financial year can lead to account deactivation. (News18 Hindi) The Post Office has also moved with the times by offering digital facilities for PPF contributions. You can now deposit money online using the DakPay app or India Post Payments Bank (IPPB) services. Once your bank account is linked to IPPB, you simply need to log into the app, select the PPF option, enter your account number and customer ID, choose the amount and payment period, and confirm the transaction. A confirmation message follows, carrying all the transaction details. (News18 Hindi) For anyone planning for a financially secure future, whether for retirement, a child's education, or a home purchase, this scheme offers an unmatched combination of safety, return, and tax savings. With higher returns than most bank fixed deposits and complete backing from the government, the PPF remains a tried-and-tested path to building long-term wealth. (News18 Hindi)
Entrepreneur
3 days ago
- Automotive
- Entrepreneur
Can Nippon Paint Tap Into India's PPF Market
The paint protection films(PPF), launched by Nippon Paints, will be available across India and is expected to be present in more than 100 cities by the end of this year Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. The paint protection films(PPF) market in India is a burgeoning industry. The automotive sector accounts for a significant share of the paint protection film market. PPF is highly used to protect vehicles from road debris, scratches, etc and a rapidly expanding automotive industry is expected to boost its demand. With an eye on developing and expanding the market in India, Nippon Paints, under the n-SHIELD brand, has launched its own PPF. "Our films cover all categories in the market, not just the premium. We plan to ultimately manufacture these products in India, in line with our Make in India philosophy, mirroring the government's efforts to bring international manufacturing to India," said Sharad Malhotra, director of Nippon Paint India. PPF is a thermoplastic polyurethane film that can be applied on the painted surfaces of a car to protect the paint from stone chips, reduce abrasions and wear and tear. The PPF market in India is expected to reach a projected revenue of US$ 31.9 million by 2030. From 2023 to 2030, a compound annual growth rate(CAGR) of 7.6 percent is expected in India, according to estimates by Horizon Grand View Research. The company has set up basic concept plants at the moment to manufacture this product in India. The product caters to mass, premium and luxury segments and is priced between INR 65,000 to INR two lakh. Nippon Paint has multiple sites for developing these films. Currently the products being launched in India are sourced from Japan and China. The paint major is actively seeking to develop new partnerships in India for strategic manufacturing of the product. "It's still at a concept stage because this is a new technology. The kind of investments, opportunities we see are still evolving. Conceptually we are aligned that this should be manufactured in India but in terms of plant designs, plant sizes, investment sizes it's still a work in progress. If the product takes off very well, we can start manufacturing in the next two to three years. It depends on the adoption rate," Malhotra added. The current investment is primarily R&D focused. Nippon Paints has been developing the PPF for four years. It started the film business division in Japan way back in 2021. In the middle of COVID as a part of the strategic review in the business, the company decided to enter the film business. India is the largest automotive aftermarket business in Nippon Paint Group and is the second region where the brand promises grand entry with films. First PPF was launched in Thailand. The PPF comes with a five, seven, ten years warranty and is found in gloss, matte and colored ranges. The company is yet to finalize its original equipment manufacturer (OEM) partners. The entire detailing range consists of tyre dressers, dashboard cleaners, fabric cleaners, etc. Nippon Paint is also launching a host of other films including the headlamp film for which it has already received OEM endorsements. "We want to be a one stop solution, the car dealership or the detailing centre doesn't have to look out to multiple vendors. Nippon is there to serve them as a single source. This is a time where actually a player like Nippon Paint can add a lot of value, set standards, establish benchmarks, create ecosystems for the entire industry to benefit," he added. This product will be available across India and is expected to be present in more than 100 cities by the end of this year. Not only cars, these films will be available for two-wheelers, bikes and trains as well. In India right now the market is only two percent to three percent for cars and is expected to reach four percent to five percent in the next couple of years, estimated Malhotra. The paint protection films market is consolidated in nature. Some of the major players globally include 3M, Saint-Gobain, Avery Dennison Corporation, Eastman Chemical Company, XPEL, Inc., among others.
News18
3 days ago
- Business
- News18
TCS Layoffs: Financial Planning Tips To Withstand Job Loss Shocks
Last Updated: The layoffs add to a trend in the global IT industry, where thousands of jobs have been cut since the start of the year. Tata Consultancy Services (TCS) has announced a 2 percent cut in its global workforce, affecting around 12,000 employees. The move has created concern across India's IT sector, which is already under pressure from weak demand, an AI-driven reset and tariff uncertainty. TCS chief executive officer K Krithivasan called it one of the hardest decisions he has taken. He described the step as necessary to build a stronger and future-ready company. The layoffs add to a trend in the global technology industry, where thousands of jobs have been cut since the start of the year. Slowing revenue, global uncertainty and rising automation are forcing companies to restructure and focus on artificial intelligence. Experts say financial discipline is key during uncertain times like these. A job loss can create stress, but careful planning helps reduce the impact. Building an emergency fund is the first step. Ideally, savings equal to six to 12 months of household expenses and EMIs should be kept in savings accounts, short-term fixed deposits or liquid mutual funds. If no emergency fund exists, individuals can generate liquidity by selling low-return insurance policies, underperforming mutual funds or even unused gold and silver. Cutting discretionary spending is crucial. Dining out, OTT subscriptions and gym memberships can be paused. Big purchases like electronics or home appliances should be delayed. Households should prioritise essential expenses such as school fees, utility bills, insurance premiums, credit card dues and EMIs. Families may need to work together to revise their monthly budget. Manage Loans and Credit Loan EMIs and credit card bills must still be paid. A default can harm credit scores and increase interest costs. If needed, emergency savings can be used for repayments. Borrowers struggling for a long period can request a loan moratorium or extend the loan tenure, but this may increase the overall interest. Avoid Using Retirement Corpus Experts warn against using retirement savings such as NPS, PPF or equity funds for daily expenses. These funds should only be used in extreme situations, such as health emergencies or to prevent loan default. Focus on Reskilling Setting aside funds for reskilling or training can help in finding new jobs faster. With industries changing rapidly, upgrading skills can reduce the time between jobs and prepare employees for emerging opportunities. view comments First Published: July 29, 2025, 11:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Reuters
4 days ago
- Business
- Reuters
Berlusconi-backed MFE lifts bid for Germany's ProSieben in European TV drama
MILAN/MUNICH, July 28 (Reuters) - MFE-MediaForEurope (MFE) ( opens new tab, the TV group controlled by Italy's Berlusconi family, on Monday improved its cash-and-share offer for German peer ProSiebenSat.1 ( opens new tab as it pursues plans to build an advertising-funded pan-European broadcaster. With streaming giants such as Netflix (NFLX.O), opens new tab and Amazon Prime Video (AMZN.O), opens new tab encroaching upon legacy broadcasters, MFE sees cross-border deals as vital to withstand competition. "What is needed is a push to build what is still lacking: a strong, locally rooted European group of sufficient size to compete globally," MFE Chief Executive Pier Silvio Berlusconi said in a statement. MFE boosted the share component of its initial bid, which had been pitched at the minimum price allowed by law, and is now offering 1.3 billion euros ($1.5 billion) for the 70% of ProSieben it doesn't already own, with a 45% increase in the bid's value based on Friday's closing prices. The improved offer is higher than an all-cash counter-bid by ProSieben's second largest investor PPF. MFE is now offering 1.3 MFE A shares for each ProSieben share tendered, with the cash component unchanged at 4.48 euros. Shares in ProSieben jumped 11% on Monday to 7.87 euros, while MFE A shares fell 5.6%, which implies the bid values each ProSieben share at 7.94 euros. Czech conglomerate PPF, which owns private TV stations across six Eastern European countries, in May offered 7 euros to double its stake in the German broadcaster to up to 29.99%. A source familiar with PPF's thinking said MFE's bid remained unattractive for many ProSieben investors, given it contained just more shares and with lower voting rights compared with MFE's privileged shares. PPF declined to comment. Take-up of both offers has been negligible so far. MFE's bid for Munich-based ProSieben has drawn scrutiny from the German government. "A majority shareholding by MFE should not lead to a restriction of journalistic and economic independence and should not jeopardise Germany as a business location," a German government spokesperson said on Monday, echoing concerns expressed by Culture Minister Wolfram Weimer. In announcing the improved offer on Monday, the MFE CEO, the son of the late former Italian prime minister Silvio Berlusconi, said the group would stick to pluralism, freedom of information and employment protection. Berlusconi is due to meet the culture minister in Berlin after the summer break to discuss ProSieben. A person familiar with the matter said MFE had informed Berlin of its plan to raise its bid ahead of a weekend board meeting. MFE, which first invested in ProSieben in 2019, runs commercial TV operations in Italy and Spain. In an analyst presentation seen by Reuters, MFE pegged up to 419 million euros of additional operating profit within four years. Revenue initiatives, such as building a common platform for global advertisers, would generate nearly 46% of the upside. In a battle to catch up with U.S. heavyweights, European broadcaster RTL, which has large TV operations in Germany, last month announced an agreement to buy the local operations of pay TV group Sky. ProSieben, which has so far strived to remain independent, on Monday welcomed MFE's improved offer, adding its board would formulate a proper opinion in due course. CEO Bert Habets said the company is supportive of "a pan-European project, working closely together also with MFE", adding it would assess value creation potential mentioned by MFE. ($1 = 0.8559 euros)
Time of India
4 days ago
- Business
- Time of India
What is clubbing provision in Income Tax Act? When is it applicable?
What is clubbing of income? Clubbing provisions When is clubbing not applicable? If money or assets are transferred to wife or daughterin-law before marriage. If any gifts are received at the time of marriage. The income from these are also not clubbed for the transferor. If one stays with parents and gives them rent, or offers a monetary gift, or if they invest this amount, it will not invite clubbing provisions. If money is invested in the PPF for spouse or child. If money is saved by wife from the household expense funds given by the husband. As the term suggests, clubbing means combining the income of another person with one's own for tax calculation purposes. However, many people club the incomes of their family members and close relatives in order to evade tax or minimise their tax liabilities. To prevent tax evasion and encourage compliance, the government has laid down rules for clubbing of incomes under Sections 60-64 of the Income Tax Act , rules, or clubbing provisions, specify the types of incomes, relationships and circumstances under which incomes can be clubbed for tax benefits. So, not all relationships or money transfers qualify for clubbing provisions. Spouses, children, daughters-inlaw, Hindu Undivided Families, and specific close relatives typically invite these provisions. For instance, if a parent invests in a fixed deposit (FD) in his child's name, clubbing provisions apply and the interest generated from this FD is clubbed with the income of the parent who earns more. However, the parent can avail of `1,500 per child tax deduction under the old tax regime . Besides, clubbing provisions won't apply if a minor child earns an income through manual work, or by using his own skill and talent, or if he suffers from a incomes that are considered for clubbing can be from various sources and investment avenues like property, interest, mutual funds and bank deposits, among others. Since the taxable income increases after clubbing, it also impacts the ITR form that is chosen to file tax provisions among relatives and family members don't apply under these specific conditions.
