Pension

EPFO to launch e-inspection system to simplify process

Indian News       Aug 26, 2019

  New Delhi: EPFO will launch an e-inspection system that will simplify inspection process and ensure organisations with open communications will not be subject to physical inspection until absolutely necessary, according to Central Provident Fund Commissioner Sunil Barthwal. EPFO (Employees' Provident Fund Organisation) proposed to amend...

IRDA begins pilot projects to boost auto insurance

Indian News       Aug 22, 2019

  Mumbai: Subhash C Khuntia, chairman,IRDAI said on Thursday that the insurnace regulator has initiated a pilot project in four states to ensure motor vehicle insurance is renewed by the vehicle owners who have discontinued their policy.   This is expected to increase the premium collections in...

12.66 lakh new jobs created in May: ESIC payroll data

Data       Jul 25, 2019

Around 12.66 lakh jobs were created in May, a tad higher than 11.15 lakh jobs in April this year, the Employees' State Insurance Corporation (ESIC) payroll data showed. Gross enrolments of new subscribers with the ESIC were 1.49 crore during 2018-19, a report released by...

China opens financial sector to increased foreign investment

International News       Jul 22, 2019

  Beijing: China opened up its financial sector to more foreign investment as the government said it will take targeted measures to cope with rising risks and challenges facing the industry.   Foreign investors can take a stake or control entities including wealth management units of commercial...

Better career prospects, sense of fulfilment attract expats to India: Survey

Indian News       Jul 19, 2019

  NEW DELHI: India has emerged as a popular destination for expats as working in the country boosts their careers and provides enhanced salary and sense of fulfilment, says an HSBC survey.    The survey was conducted on 18,059 expats from 163 markets.    Around 48 per cent...

Government to prepare national data on unorganised sector

Indian News       Jul 17, 2019

  NEW DELHI: Shrinking of unorganised sector is a "positive" indicator of development and the government will prepare a separate data on unorganised workers in India, Labour and Employment Minister Santosh Kumar Gangwar told the the Rajya Sabha on Wednesday.   The government has taken several measures...

Brazil undertakes sweeping pension sector reforms

International News       Jul 10, 2019

Brasilia: Amid the gloom surrounding Brazil’s economy -- shrinking growth forecasts, double-digit unemployment and rising public debt -- Wednesday’s lower house vote to reform the pension system marks a significant step forward.   In a 379 to 131 vote, lawmakers approved the base text of a...

Cabinet approves Occupational Safety, Health and Working Conditions Bill, 2019

Indian News       Jul 10, 2019

  New Delhi: The Union Cabinet on Wednesday approved a bill that seeks to merge 13 central labour laws into a single code which would apply on all establishments employing 10 or more workers.   The proposed Code on Occupational Safety, Health and Working Conditions Bill, 2019,...

Govt document proposes 74% FDI in insurance

Indian News       Jul 08, 2019

  New Delhi: Even as Finance Minister Nirmala Sitharaman in her maiden Budget for 2019/20, on July 5, said the government to consider relax FDI rules in the aviation, media, animation and insurance sectors, and ease rules for single-brand retailers, a government document has proposed that...

FM provides relief for NPS subscribers

Indian News       Jul 05, 2019

  New Delhi: Providing a big relief to the subscribers of National Pension Scheme (NPS), Finance Minister Nirmala Sitharaman in her maiden Budget on Friday announced that the Finance Bill will give effect to the cabinet decision of increasing the limit of exemption from current 40...

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