Pension

Informal sector workers can join PMSYM pension scheme from Feb 15

Indian News       Feb 09, 2019

  New Delhi: All unorganised sector workers up to 40 years of age can subscribe to the Pradhan Mantri Shram Yogi Maandhan (PMSYM) scheme, which entails a minimum monthly pension of Rs 3,000, from February 15, a Labour Ministry notification said.  The scheme, announced by Finance...

Hemant Contractor,chairman, PFRDA

Goyal's new pension scheme pose risk for the Atal Pension Yojana

Indian News       Feb 03, 2019

  Mumbai: The Budgetary announcement by the interim finance minister Piyush Goyal, about  a new pension scheme, Pradhan Mantri Shram Yogi Mandhan, for the unorganised sector workers,has put a big question mark on the continuity and growth of government's existing flagship pension scheme, Atal Pension Yojana,...

Insurance firms expect Interim Budget proposals to boost penetration

Indian News       Feb 01, 2019

  Mumbai: The insurance industry expects the budget proposals to increase disposable income through hike in tax rebates, pensions, health cover for the masses and digital connectivity, help the sector grow faster.   "The interim budget aims to uplift the poor, both in cities as well as...

Interim Finance Minister Piyush Goyal

Interim Budget 2019-20: Rs 3,000 monthly pension for unorganised sector workers, no tax on income up to Rs 5 lakh 

Indian News       Feb 01, 2019

  New  Delhi: With the Lok Sabha election round the corner, Interim Finance Minister Piyush Goyal in his Budget speech today unveiled  mega sops for middle class, farmers and unorganised workers in the Narendra Modi government's sixth and final budget before the polls.  .  Finance Minister...

Insurers' Wish-List for the Budget 2019-20 

Indian News       Jan 28, 2019

  Piyush Goyal, India's interim finance minister, will present the budget on Feb. 1, in the absence of Finance Minister Arun Jaitley, who is currently in the United States for medical treatment.   Following are some of the pre-Budget expectations from some of the prominent Indian insurers     ...

Why many Americans will never be able to retire

Blog       Jan 25, 2019

  Traditionally, Americans could look forward to a comfortable retirement. After four decades in an office or a factory, sometime in their 60s they would lay down their burdens and enjoy a final couple of decades with time to relax, spend time with family and friends,...

FinMin looking at suggestions of raising upper age limit for Atal Pension Yojana: Rajiv Kumar

Indian News       Jan 23, 2019

  New Delhi: The finance ministry is looking at some of the suggestions of PFRDA including increasing upper age limit for availing Atal Pension Yojana (APY) to 50 years, Financial Services Secretary Rajiv Kumar said on Wednesday.   To make APY more attractive, the Pension Fund Regulatory...

There may be no tax on income up to ₹500,000

Indian News       Jan 16, 2019

  New Delhi: With middle-class apathy on the rise, Finance Minister Arun Jaitley may double the income tax exemption threshold for the salaried from the present ₹250,000 to ₹500,000 while also reinstating tax-free status for medical expenses and transport allowance, providing some relief to the section...

Pension Trustees seek corporate disclosure of Sexual Harassment Costs, Policies

International News       Jan 15, 2019

  A group of trustees from some of America’s biggest public pensions are calling on companies to detail costs related to sexual harassment and any measures they’re taking to address the problem.   “We don’t see how it could possibly be accretive to corporate value to have...

EPFO subscribers may be allowed to invest more in equity markets in 2019

Indian News       Jan 01, 2019

New Delhi: Subscribers of the retirement fund body EPFO may get an option in the new year to invest more of their savings in the equity market, besides a host of other social security benefits and digital tools to manage their funds.    At present, the...

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