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National Pension System: PFRDA board increases age limit for investing in NPS

National Pension System: PFRDA board increases age limit for investing in NPS
FE Bureau
© Provided by The Financial Express
Earlier the age bracket for opening an NPS account was 18 to 60 years, which was later increased to 65years.
The board of the Pension Fund Regulatory and Development Authority (PFRDA) has approved increasing the age limit for joining the National Pension System (NPS) from 65 years to 70 years with no cap on the maximum investment limit provided the sources are declared.
This would enable tax savings with contributions to the NPS to be made up to 75 years of age. The yearly investment amount is flexible with the lowest investment amount being Rs 8,000 per annum, Supratim Bandopadhyay, chairman, PFRDA, said at a session of the MCC Chambers. ....

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Elon Musk's U-turn on Bitcoin: Tesla won't accept it to sell cars; Bitcoin sinks, Tesla shares fall

Elon Musk’s Bitcoin U-turn: Tesla stops car purchases using Bitcoin; cryptocurrency sinks, Tesla shares fall
Kshitij Bhargava
© Provided by The Financial Express
Earlier this year, Tesla bought $1.5 billion of Bitcoin, 10% of which it later sold on the open market. Tesla holds the remaining amount of Bitcoin on books. (Image: REUTERS)
Elon Musk has once again fueled a fire in the cryptocurrency world, but this time the Tesla CEO has sent Bitcoin prices tumbling down. The second richest man in the world took cryptocurrency bulls by surprise on Thursday as he suspended purchase of Tesla cars using Bitcoin. This move by Elon Musk sent Bitcoin tumbling as much as 15% during the day to hit a low of $46,000, before recovering some losses later on. Elon Musk said he was suspending vehicle purchases using bitcoin due to environmental concerns. ....

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Elon Musk's Bitcoin U-turn: Tesla stops car purchases using Bitcoin; cryptocurrency sinks, Tesla shares fall

Elon Musk’s Bitcoin U-turn: Tesla stops car purchases using Bitcoin; cryptocurrency sinks, Tesla shares fall
Kshitij Bhargava
© Provided by The Financial Express
Earlier this year, Tesla bought $1.5 billion of Bitcoin, 10% of which it later sold on the open market. Tesla holds the remaining amount of Bitcoin on books. (Image: REUTERS)
Elon Musk has once again fueled a fire in the cryptocurrency world, but this time the Tesla CEO has sent Bitcoin prices tumbling down. The second richest man in the world took cryptocurrency bulls by surprise on Thursday as he suspended purchase of Tesla cars using Bitcoin. This move by Elon Musk sent Bitcoin tumbling as much as 15% during the day to hit a low of $46,000, before recovering some losses later on. Elon Musk said he was suspending vehicle purchases using bitcoin due to environmental concerns. ....

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Fight Against COVID-19: IAF, Indian Navy carry out relief efforts; More global aid arrives

Top sources on Wednesday have confirmed to Financial Express that, “All the donor countries are being informed about the distribution of the aid they are sending.” ....

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