Pension

Hemant Contractor, chairman,PFRDA

AUM of pension fund industry grows by 38 pc to Rs 2.40 trn in 2017-18:PFRDA Chief

Indian News       Apr 18, 2018

Mumbai: Showing a substantial pick-up, the total assets under management(AUM) of the pension fund players - operating in   the National Pension System (NPS ) and as regulated by the the Pension Fund Regulatory and Development Authority (PFRDA)- have gone up by 38 per cent to...

No proposal to replace National Pension System: Govt

Indian News       Mar 28, 2018

New Delhi: There is no proposal to replace the National Pension System (NPS) with the old pension scheme, the Lok Sabha was informed today. The NPS gives the utmost importance to the welfare of subscribers, Minister of State for Personnel Jitendra Singh said in a...

Cheer for employees as tax-free gratuity cap doubled to Rs 2 million

Data       Mar 22, 2018

New Delhi: Parliament on Thursday passed a key bill that will empower the government to fix the amount of tax free gratuity and the period of maternity leave with an executive order.   The Rajya Sabha, which has failed to transact any significant business over the...

Revise meagre Rs 1,000 minimum pension in EPF Scheme:Parliamentary panel

Indian News       Mar 15, 2018

New Delhi: A Parliamentary panel today asked the government to assess Employees Pension Scheme 1995 and consider revision of minimum monthly pension of Rs 1,000 under that, saying the social security benefit is too meagre to fulfil even basic needs.   The Parliamentary Standing Committee on...

New Tata Steel UK pension scheme to be set up after meeting minimum criteria

International News       Mar 14, 2018

  LONDON: A new pension fund backed by Tata Steel,  UK, a unit of India's Tata Steel, will be set up after meeting minimum size and funding criteria, paving the way for the firm's merger with Germany's Thyssenkrupp .   The trustee of the British Steel Pension...

Government working on national policy for domestic workers: Labour ministry

Indian News       Mar 12, 2018

New Delhi:  Labour ministry is planning to bring about a national policy to protect the interests of domestic workers and to guarantee them minimum wages and social security which has been pending for almost three years now.     "Discussions are underway regarding a national policy for...

Working millenials not saving enough for their retirement

International News       Mar 06, 2018

Washington:  Millenials are not saving enough for their retirement, a study has found, suggesting that they are in need of better financial education.   According to the US Census, millennials accounted for more than 25 per cent of the population in 2015, yet this significant segment...

India needs to evolve into a pensioned and insured society: Arun Jaitley

Indian News       Feb 28, 2018

New Delhi: India needs to evolve into a pensioned and insured society, Finance Minister Arun Jaitley said today even as he maintained that people will have more room to invest for their future as the income levels increase.    Conventionally it was considered that only in...

EPFO cuts interest rate to 8.55% for 2017-18 from 8.65% for 2016-17

Indian News       Feb 21, 2018

New Delhi: Retirement fund body EPFO today lowered the rate of interest on employees provident fund to 8.55 per cent for its over 6-crore subscribers for 2017-18, from 8.65 per cent in the previous fiscal.   "It is difficult to evaluate about future in view of...

Workers demand Rs 15K minimum pension under EPS-95

Indian News       Feb 20, 2018

New Delhi; The National Coordination Committee EPS 95 today demanded that the minimum monthly pension under the scheme, which is run by the retirement fund body EPFO, should be fixed at Rs 15,000. "We are demanding Rs 15,000 minimum monthly pension under the EPS-95(Employees' Pension...

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