NPS, which mainly caters to organised sector employees, is segmented into central government, state government, corporate sector employees, all citizens model and NPS Lite New Delhi: Total assets managed under NPS and APY, the two flagship pension schemes of the...
Pension & Social Security
2022: Daunting labour reforms, informal workers’ social security fund await take off
There is a provision in the industrial relations code that any unit with up to 300 workers will not need permission from the appropriate government for closure, retrenchment and lay off. At present, the threshold is 100 workers New Delhi: Ushering in a big wave of...
BJD MP urges GST Council to reduce tax on health insurance from 18% to 5% for sr citizens
“In order to provide relief to our senior citizens, it is necessary to reduce the existing GST rates on health insurance policies from 18 per cent to five per cent or exempt senior citizens from any GST on purchase of health insurance,” Patnaik said in the letter...
4 labour codes likely to be implemented by FY23 as many states ready draft rules
Union Labour Minister Bhupender Yadav in a reply to the Rajya Sabha earlier this week had said that the Occupational Safety, Health and Working Conditions Code is the only code on which the least number of 13 states have pre-published the draft rules New Delhi: The...
Govt saves Rs.2.25 lakh crore by DBT to the genuine beneficiaries through Aadhaar
Saurabh Garg, CEO,UIDAI "We want to use new technologies like Artificial Intelligence, Blockchain and machine learning to strengthen Aadhaar and to make it more secure and the last thing I want to focus on is information security and privacy.Aadhaar architecture is...
EPFO invested Rs 2,500 cr in Reliance Capital’s bonds: FinMin
Reliance Capital had defaulted on payment of principal and interest obligations on bonds held by EPFO.The total interest default on the non-convertible debentures (NCDs) (secured) is Rs 534.64 crore as of November 30, 2021 Reliance Capital owes its creditors over Rs...
Centre committed to achieving universalisation of social security, says Union Minister Bhupender Yadav
Union Labour and Employment Minister Bhupender Yadav The Minister further informed that the Labour Bureau of Ministry is undertaking all-India surveys on migrant workers, domestic workers, transport sector workers, which will help in developing policies for the...
Canada’s CPP Investments seeks to sell insurance groups in strategy U-turn
Private equity firms and investment managers including Blackstone Inc, Brookfield Asset Management and KKR & Co Inc have been building up their insurance arms in the last two years. They see an opportunity to use the capital from life insurance and annuities...
NPS generated good returns for subscribers, says PFRDA Chairman
Supratim Bandyopadhyay,Chairman,PFRDA "Over a period of 12 years, the returns under equity schemes are more than 12 per cent, and in government securities, it was close to 9.9 per cent, and in corporate bonds, despite some credit events that we have seen, we have seen...
income, investments, insurance and institutional credit to drive financial inclusion:PM Modi
Prime Minister Narendra Modi “When income grows, investment becomes possible. Insurance coverage enables greater risk-taking ability and investments. Institutional credit gives wings for expansion. And We have worked on each of these pillars. When all these factors...