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Pension & Social Security
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Life insurance new business premiums rise 16.6% in Q1 on private insurers’ growth: Report
The report said the industry's new business premiums reached Rs...
India-UK trade pact: 5-yr exemption from social security payments to benefit 75,000 Indian professionals
The the Double Contribution Convention (DCC) "exempts Indian...
India’s Rs 42 lakh crore PMS industry at defining inflection point: SEBI
APMI Chairman Biharilal Deora said the PMS industry has emerged as an important component of India's wealth management landscape, driven by increasing investor awareness, rising demand for customised investment solutions and a supportive regulatory framework. New...
Telangana bans cash wages, brings gig workers under new regulations
While providing historic safety nets for labour, the new government order (GO) offers strategic advantages to corporate management and industry.The GO eliminates the "fragmented, friction-heavy industries-wise frameworks seen in other states" and implements a unified,...
APY records 1.35 crore new subscribers in FY 2025-26; AUM exceeds ₹54,000 crore
S. Ramann, chairperson, PFRDA, highlighted the significant rise in enrolments among the 18–25 age group, reflecting increasing awareness among youth regarding long-term financial security, and emphasised the need to further strengthen subscriber engagement and pension...
EPFO intensifies efforts for reduction of litigation, to use WhatsApp to enhance reach
Alongside clearing legal pendency, EPFO is moving to simplify how members interact with it. The organisation is planning to use WhatsApp to expand outreach and streamline services. New Delhi:The Employees' Provident Fund Organisation has sharpened its focus on cutting...
PMJJBY,PMSBY settle claims worth Rs25,160 cr since their launch in 2015
Nirmala Sitharaman,Finance Minister Citing data on the 11th anniversaries of the Jan Suraksha Schemes, Finance Minister Nirmala Sitharaman said that over 27 crore, 58 crore and 9 crore enrolments have been done under PMJJBY, PMSBY and APY, respectively. New...
Pradhan Mantri Suraksha Bima Yojana̤:Expanding financial safety net nationwide
New India Assurance(NIA) has established tie-ups with 316 banks,actively servicing around 8 crore account holders under the scheme in the financial year 2025-26 alone. This massive outreach has resulted in a total underwritten premium of approximately Rs.158 crores...
Pradhan Mantri Jeevan Jyoti Bima Yojana:Driving India’s financial inclusion push
R. Doraiswamy, CEO and MD, Life Insurance Corporation Many families remain unaware of Pradhan Mantri Jeevan Jyoti Bima Yojana or that premiums were paid for deceased members, with no physical policy document issued.In the absence of a nominee, families must undergo...
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...