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Finmin notifies assured pension scheme for govt employees, to be effective from April 1

Finmin notifies assured pension scheme for govt employees, to be effective from April 1

by AIP Online Bureau | Jan 26, 2025 | Indian News, Pension & Social Security, Policy

The notification will give the option to 23 lakh government employees to choose between UPS and NPS, which came into effect on January 1, 2004.The notification added that the rate of full assured payout will be 50% of 12 monthly average basic pay, immediately prior to...

Govt drafts rules for mandatory adoption of Indian Standard Time nationwide

by AIP Online Bureau | Jan 26, 2025 | Eco/Invest/Demography, Policy, Regulation, Technology

IST shall be the mandatory time reference across all sectors, including commerce, transport, public administration, legal contracts, and financial operations,” as per the draft rule. Key provisions include, prohibition of time references other than IST for official...

Lancet study estimates three in every four animal bites in India due to dogs

by AIP Online Bureau | Jan 25, 2025 | Data, Health

The estimates can help understand whether the country is on track to meeting the global target of eliminating dog-mediated cases of rabies among humans by 2030, the authors said Three in every four animal bites are due to dogs, with over 5,700 deaths in humans...

Foreign investors continue selling in Indian stocks, equities worth Rs 19,759 crore sold this week: NSDL Data

by AIP Online Bureau | Jan 25, 2025 | Data, Eco/Invest/Demography, Policy, Wealth Management/ Philanthropy

Akshay Chinchalkar, Head of Research at Axis Securities, told ANI that about $7 billion has been retracted year-to-date. He highlighted several factors including Trump’s expected second term, high U.S. treasury yields, and a thriving dollar as key reasons for...

Budget 2025-Insurers expect tax benefits, concessions for healthcare

by AIP Online Bureau | Jan 25, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation

Sameer Bansal, MD & CEO, PNB MetLife, said that while India is a fast-growing economy fuelled by its rising middle-class population of 25-45-year-olds, the proportion of people above the age of 60 is equally increasing at a rapid pace New Delhi: Insurers are...
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