Sriram Iyer, Managing Director & CEO of HDFC Pension, stated, “...
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Pension & Social Security
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Decoding New Labour Laws:Enhancing worker welfare & ease of doing business
The labour codes establish distinct definitions for 'employee' and...
Mandatory appointment letters, fixed work hours, social security benefits among key changes in new labour Codes
The Ministry of Labour & Employment has also taken steps to...
Worforce Reforms: 4 new labour codes implemented for welfare of workers in India
Under Code on Social Security, 2020 all workers including gig & platform workers to get social security coverage. "All workers will get PF, ESIC, insurance, and other social security benefits," the ministry said New Delhi:In a landmark overhaul of labour laws, the...
Trade unions demand tax incentives on social security contributions and minimum pension hike
They also demanded to stop privatisation of LIC and GIC through different moves like LIC-IPO and withdraw the Bill allowing 100 per cent FDI in the insurance sector, which is detrimental to the larger interest of the common people and the nation New Delhi: Workers'...
Need to relook at Rs 15k ceiling for mandatory pension enrolment: DFS Secy
“We need to look at it…how do we secure the future of those who earn a little more also, but have a secure future and not depend on the children in the time of old age,”Department of Financial Services Secretary M Nagaraju Mumbai: The country needs to relook at the Rs...
UNDP, BMZ, Generali and ICMIF Foundation deliver world’s largest inclusive insurance innovation programme across 30 countries
Marcos Neto, UN Assistant Secretary-General and Director, UNDP The global protection gap (the difference between financial losses and what is covered by insurance) leaves 9 out of 10 people in developing countries without insurance coverage when shocks such as...
India Retirement Index Study: Balancing finance, health, and emotion
Sumit Madan, MD and CEO, Axis Max Life said, “IRIS 5.0 signals a clear shift towards smarter and more holistic retirement planning. Today’s consumers are showing greater health consciousness, higher product awareness, and sustained financial confidence. As health...
Cyclone Montha: Two dead in Andhra, crops suffer damage, CM Naidu says state minimised loss
N Chandrababu Naidu,Chief Minister , Andhra Pradesh Citing preliminary estimates, the government had noted on Tuesday that standing agricultural crops in as many as 38,000 hectares were destroyed due to the impact of Montha and horticulture crops in 1.38 lakh hectares...
Demographic Transition: India’s Emerging Silver Economy
The approach towards elderly support that prioritises family and community-led initiatives while ensuring financial security, digital literacy training, long-term care insurance, digital healthcare access, assistive technologies, and engagement platforms are crucial...
HDFC Pension aims to double its subscriber base in next few years: CEO
"PFRDA has reduced the vesting period to 15 years or retirement, whichever is earlier, and permitted 100% equity allocation under the Multiple Scheme Framework (MSF), compared to the earlier 75% cap. These steps have made NPS far more flexible and appealing to a...
NITI Aayog unveils roadmap on AI to empower 490 million informal workers
NITI Aayog's Mission Digital ShramSetu will harness AI, blockchain, immersive learning, and other frontier technologies to dismantle structural constraints — ranging from financial insecurity and limited market access to lack of skilling and social protection — and...
India advancing towards inclusive and universal social protection: Mansukh Mandaviya
“We are strengthening our social security through comprehensive policy, process, and digital reforms. India is leveraging technology to create new income opportunities and a social security net through a holistic approach that combines financial access, skilling,...