Pension

Supratim Bandyopadhyay,Chairman,PFRDA

PFRDA plans to raise max entry age for NPS to 70 yrs, logs 23 pc growth in subscriber base in FY 2020-21

Indian News       Apr 15, 2021

  New Delhi: Pension Fund Regulatory and Development Authority of India (PFRDA) has registered 23 per cent growth in its subscriber base under the flagship NPS(National Pension Scheme) and APY schemes to over 4.24 crore by end of March 31, 2021, the regulator said on Thursday....

Govt may hike pension sector FDI limit to 74%; Bill likely in next session

      Apr 11, 2021

New Delhi: The government may hike foreign direct investment (FDI) limit in the pension sector to 74 per cent and a Bill in this regard is expected to come in the next Parliament session, according to sources. Last month, Parliament approved a Bill to increase...

Desist from exploiting COVID-19 situation: HC to IMA members

Indian News       Apr 10, 2021

  Jabalpur: The Madhya Pradesh High Court has asked the members of the Indian Medical Association (IMA) and MP Nursing Home Association to desist from ''exploiting'' the coronavirus situation by overcharging the affected persons in the wake of the second wave of the pandemic. A division...

Nabard staff observe strike; seek pension updation

Indian News       Mar 30, 2021

New Delhi: Officers, employees and retired staff of Nabard on Tuesday went on a one-day strike seeking pension updation that has been pending for two decades. National Bank for Agriculture and Rural Development (Nabard) is the apex agri-finance institution set up by an Act of...

Supratim Bandyopadhyay,Chairman,PFRDA

PFRDA set to revise fee structure for pension fund managers from Apr

Indian News       Mar 25, 2021

  New Delhi: Regulator PFRDA is set to revise the fee structure for pension fund managers from the next fiscal so that they get better income and more players are attracted to the space, a top official said. ''The revenue structure for fund managers is pretty...

One year since lockdown: India still recovering from unemployment blow

Indian News       Mar 24, 2021

  India is still not out of the woods as far as unemployment is concerned after a year when the lockdown was imposed to contain the spread of deadly COVID-19 on March 25 last year as pandemic-induced job loss has not tapered off consistently. The government...

Govt raises PF threshold limit to ₹ 5 Lakh for availing Tax-Free Interest

Indian News       Mar 23, 2021

New Delhi: The government on Tuesday raised the deposit threshold limit to ₹ 5 lakh per annum in provident fund for which interest would continue to be tax exempt. This would be applicable to those cases where no contribution is made employers to the retirement...

Hike in monthly pension under EPS-95 scheme not possible without budgetary support: Govt

Indian News       Mar 22, 2021

New Delhi: Increase in minimum pension payout under Employees'' Pension Scheme, 1995 (EPS-95) is not possible without compromising financial viability of the scheme or additional budgetary support, the government said on Monday. Labour Minister Santosh Gangwar in a written reply in the Lok Sabha said...

EPFO's net new enrolments up 28% to 1.3 million in January 2021: Data

Indian News       Mar 21, 2021

  New Delhi: Net new enrolments with retirement fund body EPFO grew 27.79 per cent to 13.36 lakh in January compared to the same month in 2020, according to the payroll data released on Saturday, providing a perspective on formal sector employment amid the pandemic. "The...

Subscribers under NPS, APY schemes rise 22 pc to 4.15 crore at Feb-end

Indian News       Mar 17, 2021

  New Delhi: The subscribers under the flagship NPS and APY pension schemes grew by nearly 22 per cent to 4.15 crore at February-end 2021, government data showed on Wednesday. ''The number of subscribers in various schemes rose to 414.70 lakh by end-February 2021 from 340.34...

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