Pension

Reliance Nippon Life Asset Management gets Employees' State Insurance Corp mandate to manage its funds

Indian News       Oct 11, 2018

  New Delhi: Reliance Nippon Life Asset Management (RNAM) on Thursday said it has received mandate from Employees' State Insurance Corporation to manage its funds.   After successfully fulfilling an independent competitive technical and financial bidding process, RNAM, the asset management joint venture of Reliance Capital and...

58 million Indians living without pension: Survey

Indian News       Sep 29, 2018

  New Delhi: Fifty eight million people in India are living without pension or any other form of assistance, civil society organisation Pension Parishad has said.  Citing the State of Pensions in India Report 2018, Economist Prabhat Patnaik said the Central government spends as little as...

Govt announces states' financial inclusion index, easy online MSME loans

Indian News       Sep 25, 2018

  New Delhi: The government on Tuesday announced three initiatives to take banking to the last mile comprising a financial inclusion index, geographical mapping of banking services and hassle-free online loans for MSMEs valuing up to Rs 10 million.     After an annual review meeting of the...

Suresh Prabhu woos Australian pension funds

Indian News       Sep 18, 2018

  New Delhi: Commerce and Industry Minister Suresh Prabhu Tuesday sold the India growth story to Australian Superfunds to attract the rich superannuation funds, valued at a whopping 2.6 trillion Australian dollars, to the Indian markets.   The minister during his meeting with a five-member delegation of...

PFRDA to allow pension players to market their products

Indian News       Sep 11, 2018

  Mumbai:  In a marked shift, the pension fund regulator PFRDA will soon allow all the existing eight  pension fund managers which function  within the parameters of New Pension Scheme(NPS) to market their products.   PFRDA chairman, Hemant Contractor on Tuesday said  "Soon, we will put the...

Only 33% Indians save regularly for retirement: HSBC report

Indian News       Sep 09, 2018

  MUMBAI: Only  third in India are regularly saving for their retirement while just 33 per cent of working-age respondents globally are putting anything aside for their later life, according to a report.  The lack of saving is likely linked to low knowledge of how much...

Hazare to sit on hunger strike from Oct 2; seeks pension for farmers

Indian News       Sep 03, 2018

Ralegan Siddhi: Social activist Anna Hazare will sit on a hunger strike here from October 2 over issues like appointment of Lokpal and welfare measures for the agrarian sector, including Rs 5,000 monthly pension for farmers.  According to a statement here on Monday, Hazare also...

Outgo on pension to exceed salary payment this fiscal: Finance Ministry

Indian News       Aug 07, 2018

  New Delhi: The government's outgo on pension will exceed the expenditure on salaries by nearly Rs 10,000 crore in the current financial year, and the trend will continue for two more years till March 2021, a Finance Ministry document said today.   As per the Medium...

Assam govt employees to face pay cut for neglecting parents, differently-abled siblings

Indian News       Jul 30, 2018

  Gawahati: The Assam government is set to roll out a law from October 2 making it mandatory for state government employees to look after their aged and dependent parents and differently-abled siblings who do not have a source of income. Last year, the state assembly...

Govt mulls raising pension limit to up to Rs 10,000/month under APY

Indian News       Jun 12, 2018

  New Delhi: The government is considering a proposal to raise the pension limit under Atal Pension Yojana (APY) to up to Rs 10,000 per month from the existing slab of up to Rs 5,000, a top official said today.   There is a need to increase...

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