Nirmala Sitharaman,Finance Minister Citing data on the 11th...
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Pradhan Mantri Suraksha Bima Yojana̤:Expanding financial safety net nationwide
New India Assurance has established tie-ups with 316 banks,...
Pradhan Mantri Jeevan Jyoti Bima Yojana:Driving India’s financial inclusion push
R. Doraiswamy, CEO and MD, Life Insurance Corporation Many families...
Time for greater workforce formalisation, expansion of social security coverage:SBI report
Punjab records the highest share of informal workers at 82 per cent, followed by Uttar Pradesh and Bihar at 81 per cent each.Rajasthan, Chhattisgarh, Andhra Pradesh and Madhya Pradesh also exhibit high levels of informal employment, with nearly 74 per cent of workers...
EPFO to launch Aadhaar-based portal to unlock dormant PF accounts
Mansukh Mandaviya,Labour & Employment Minister The portal, E-PRAAPTI, will provide a streamlined Aadhaar-based authentication mechanism that will enable a member to access an old EPF account, which may not have a UAN (universal account number), and update their...
Female workforce participation rose from 23 % to 40% from 2017 to 2025: Mandaviya
Mansukh Mandaviya,Union minister, Ministry of Labour and Employment The minister also stressed the nearly three-fold expansion in India's social security coverage in the last ten years, from 19 per cent in 2015 to over 64.3 per cent in 2025, reflecting the outcome of...
Govt may hike FDI limit in pension sector; Bill likely in Monsoon Session
Amendment to Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013 seeking to raise the FDI limit in the pension sector may come in the Monsoon Session or Winter Session depending on various approvals, sources said. Currently, the FDI in pension fund is...
State can’t differentiate between serving employees and pensioners on DA: SC
In a significant judgment upholding the right to equality for retirees, a bench comprising Justice Manoj Misra and Justice Prasanna B Varale dismissed appeals filed by the State of Kerala and the Kerala State Road Transport Corporation (KSRTC) and affirmed that...
Private credit sector stresses could be catastrophic, but not just yet
The pace at which investors are demanding money back from some of the private credit funds, known as business development companies (BDCs), has accelerated this year on worries about competition, falling returns and fears artificial intelligence will upend software...
Telangana passes financial security Bill for senior citizens
The Bill mandates that public representatives, government employees, and private employees care for their elderly parents. Failure to comply will result in a deduction of 15 per cent of the salary or Rs 10,000, whichever is lower, payable to the parents. Hyderabad:...
Young Indians: From aspirational spending to aspirational planning
The shift is evident on social media, where conversations increasingly centre on insurance coverage, SIPs, credit scores, and early retirement, rather than unchecked consumption. In this environment, sharply focused financial products such as term insurance are being...
Wipro awrded multi-year deal from US-based retirement service firm TruStage to transform ops
"Customer expectations in financial services are changing, with a growing demand for simpler, more digital-first experiences. We are pleased to support TruStage in modernising its retirement services business. Through Wipro Intelligence and our consulting-led...
SC fastens liability of paying penalty on employer for delay in depositing compensation
"The perusal of the statement of objects of the said legislation makes it crystal clear that the said legislation is a social welfare statute brought in by Parliament to redress the grievances of the employees in case of accidents that may occur in or during the...