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In an EPF account, the employee contributes 12 per cent of his or her salary (basic wages, dearness allowance and retaining allowance) towards the account, and an equal amount is contributed by the employer, according to the EPF website -epfindia.gov.in.

India Post pays interest at the rate of 4 per cent per annum on deposit in its savings account in the current quarter.

Most commercial banks in the country such as State Bank of India (SBI) offer income tax benefits under a special type of fixed deposit (FD) account. This income tax benefit can be availed by the eligible assessees against their investment - up to Rs 1.5 lakh in a financial year- under Section 80C of the Income Tax Act. Also known as tax-saving fixed deposit, this special type of fixed deposit allows a minimum maturity period of five years and a maximum of 10 years, according to SBI's website- sbi.co.in.

Sovereign gold bond (SGB) scheme, a government-run scheme, allows gold investments in non-physical form. The Sovereign Gold Bond (SGB) scheme comprises government securities denominated in gold wherein investors are required to pay the issue price in cash. The bonds are redeemed in cash on maturity. SGB was launched in November 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings, used for purchase of gold, into financial savings, according to Reserve Bank of India website - rbi.org.in.

The I-T department provides various forms for income tax assessees to file their ITR or income tax return. Meant for different types of taxpayers, such as salaried or self-employed individuals and companies, these income tax forms are known as ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, ITR-7 and ITR-V (verification), according to its website - incometaxindia.gov.in.

The announcement by airlines come amid high competition in the country's civil aviation market.

In the last month, only 56,866 commercial vehicles were sold and after this announcement many feel that too may stop.

In top gold consumer China, premiums eased slightly to $6-$9 per ounce over the benchmark, from $9-$10 last week.

On a weekly basis, the rupee lost 36 paise primarily due to heavy losses on Tuesday due to trade war concerns.

There have been 11 recessions since World War II. On average, they lasted 11.1 months, according to the official scorekeepers at the National Bureau of Economic Research.

Prime Minister Narendra Modi on Thursday held a meeting with officials to discuss steps to arrest a slowdown, the source added.

Mr Hogg has been replaced by Augustus Tang, a veteran of the Swire Group conglomerate, Cathay Pacific's main shareholder.

The report also added that the overall market valuations offer little in terms of investment inputs currently.

Share markets on Friday: Seven of 11 sector gauges compiled by National Stock Exchange ended higher led by Nifty Auto Index's 1 per cent gain.

Seven of 11 sector gauges compiled by National Stock Exchange were trading higher led by the Nifty Auto Index's 0.8 per cent gain.