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March 31 - the last day of financial year - is only a few days away. So if you want to save on income tax outgo during FY18 (April 1 ,2017-March 31, 2018), you may consider investing in nine small savings schemes offered by post offices. The Department of Posts or India Post offers nine small savings investment schemes: Post Office Savings Account, 5-Year Post Office Recurring Deposit Account (RD), Post Office Time Deposit Account (TD), Post Office Monthly. Post Office Savings Account This account can be opened by cash only. The minimum balance to be maintained in a non-cheque facility account is Rs 50. The interest earned on post office savings accounts is tax-free up to Rs 10,000 per year from financial year 2012-13. The interest payable is 4 per annum on individual / joint accounts, according to indiapost.gov.in, the official website of India Post. 5-Year Post Office Recurring Deposit Account (RD) This account can be opened by cash/cheque and in case of Cheque the da...

Stephen Hawking, world’s most famous scientist, passed away on Wednesday. The 76-year-old theoretical physicist is best known for his work on black holes. His book ‘A Brief History of Time’ was a bestseller which brought science to the living rooms of the common man. Hawking’s family released a statement confirming his death in his house in Cambridge. He was suffering from motor neuron, a degenerative disease, for decades. He did his best work while wheelchair-bound. He had also lost his speech early in his career and used to communicate using a device. Hawking is survived by his three children– Lucy, Robert and Tim. “We are deeply saddened that our beloved father passed away today. He was a great scientist and an extraordinary man whose work and legacy will live on for many years. His courage and persistence coupled with his brilliance and humour inspired people across the world. He once said, ‘It would not be much of a universe if it wasn’t home to the people you love.’ W...

Companies now deciding to support employees throughout the parenthood journey - in turn, ensures that fellow women have a better experience at the workplace. March 8 is International Women’s Day, a date designated by the UN to celebrate and advocate for women’s rights and gender equality. In the year of #MeToo and Time’s Up, it is clear that the original aim of this day has still not been realised. Women are struggling to close the equality gap, more significantly, in the corporate world. Motherhood is a period when many women decide to stop working. New mothers sometimes find it difficult to adjust to their dual roles.Many companies have now decided to support employees throughout the parenthood journey - this, in turn, ensures that fellow women have a better experience at the workplace. Woes of working women Often working mothers suffer from the guilt and social stigma of being too selfish since they cannot be with their children throughout the day. In India, the for...