NPS exit overhaul: PFRDA eases withdrawal norms for private subscribers; exit age raised to 85 – top thing to know
India ’s pension regulator has relaxed exit and withdrawal norms under the National Pension System (NPS), giving non-government subscribers greater flexibility over their retirement savings and extending the investment horizon to age 85, PTI reported.Under the revised rules, non-government NPS subscribers will now be allowed to withdraw up to 80% of their accumulated pension wealth…
AI talent wars: OpenAI requests court to dismiss xAI’s allegations; calls them ‘false and unsubstantiated’
OpenAI has asked a federal judge to dismiss a lawsuit from Elon Musk ’s AI startup xAI, which claims that the company lured away its employees to steal trade secrets. OpenAI called the case part of Musk’s “ongoing harassment” and denied all allegations as “false and unsubstantiated.”In its court filing, OpenAI said, “Under Musk’s leadership,…
US housing watch: 30-year mortgage rate edges up to 6.22%; rise ends four-week decline as bond yields ease
The average long-term US mortgage rate rose slightly this week, snapping a four-week decline that had brought borrowing costs to their lowest level in over a year, AP reported.Mortgage buyer Freddie Mac said on Thursday that the average rate on a 30-year fixed mortgage ticked up to 6.22% from 6.17% a week earlier. A year…
