The standard deduction for salaried employees is proposed to be...
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Pension & Social Security
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Govt to launch three employment-linked schemes: FM
While presenting the Union Budget for 2024-25, Finance Minister...
Economic Survey highlights urgent need for structured elderly care policies in India
Coupled with insights from a NITI Aayog position paper, the survey...
CEA against concept of Universal Social Security as it may generate ‘perverse incentives’
''For our country, when natural economic growth should take care of many of the aspirations, it (Universal Social Security) may not be necessary. We may be creating the ground for perverse incentives for people to not make their own effort in seeking such...
Andhra Pradesh Cabinet approves Guaranteed Pension Scheme, regularisation of 10,000 contract staff
Under the GPS scheme, eligible employees will receive 50 per cent of their last drawn salary as pension, including receiving dearness relief (DR) on the lines of the Central Government declaring dearness allowance and DR twice a year Amaravati: Approving Guaranteed...
Canadian pension fund CDPQ puts brakes on China investment – FT
The Financial Times in February reported that Singapore's sovereign wealth fund GIC has reduced private investments in China Canada's second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) has stopped making private deals in China and will close its...
Will meet FM Sitharaman to claim refund of Rs 9242.60 cr deposited in NPS: HP CM Sukhu
Sukhvinder Sukhu,Chief Minister,Himachal Pradesh Sukhu also assured that the benefits of the old pension scheme would be extended to board-corporation employees, and corporations that have been excluded from this scheme would be included in due course Dharamshala:...
Congress will ‘compel’ Centre to implement old pension scheme in entire country Rajasthan CM Gehlot
On April 6, the Union Finance Ministry set up a committee under Finance Secretary T V Somanathan to review the pension system for government employees. The committee would suggest whether in the light of the existing framework and structure of the National Pension...
HDFC Pension Management company crosses Rs 50,000 crore assets
``The superior returns, attractive tax benefits, and low charges make for a strong customer proposition for investing in our pension products. With our AUM crossing the threshold of Rs. 50,000 cr., the effective Fund Management Charges for our subscribers will reduce...
EPFO adds 13.4 lakh members in March, 1.39 cr in 2022-23
Among the newly joined members, the highest enrolment is registered in the age group of 18-21 years with 2.35 lakh members, followed by the age group of 22-25 years with 1.94 lakh members.The age-groups of 18-25 years constitute 56.60 per cent of total new members...
Re-thinking well-being : How outlooks on life are changing in Asia
Prudential commissioned Economist Impact to write a report exploring how people in Asia, at a time of heightened uncertainty, assess different aspects of their well-being, including their physical and mental health, personal finances, social lives, and interaction...
ANALYSIS-As world’s poor face ‘compounding crises’, what could curb risks?
The number of people in need of humanitarian aid globally has tripled in the last half-decade, to 340 million, said, David Miliband, president of the International Rescue Committee, a global humanitarian aid and development organisation About 90% of those live in just...
ESIC adds 17.32 lakh new members to Employees’ State Insurance scheme in March
Out of the total 17.31 lakh employees added in March, 8.26 lakh people, accounting for 48 per cent of the total employees enrolled during the month, belonged to the age group of 25 years New Delhi: As many as 17.31 lakh new members were added to the Employees' State...