The new framework gives pension funds the freedom to create their...
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Sitharaman to launch nationwide awareness campaign of unclaimed financial assets on Oct 4
Nirmala Sitharaman ,Union Minister for Finance and Corporate...
Domestic investors buy record Rs 5.3 lakh crore worth equities in 2025 to date, Insurers and pension funds add more than Rs 1 lakh crore
Foreign institutional investors (FIIs) remained net sellers,...
‘Infant attrition’ rising, accounts for 10-15% of labour movement: Report
"Infant attrition in India, mainly seen in the 22-32 years age group, is growing annually at 4-5 per cent and is mostly driven by factors like poor work-life balance and flexibility, which is particularly important to younger workers, job dissatisfaction, inadequate...
Maharashtra govt approves UPS for its employees; gives nod to Rs 7k cr river link plan
As per the Maharashtra cabinet’s decision, UPS will be effective from March this year and will benefit all state government employees, an official said Mumbai: The Maharashtra cabinet on Sunday decided to implement for state government employees the Unified Pension...
Unified Pension Scheme provides benefit of both old and new pension schemes: Govt
Government says the Unified pension scheme has the advantages of the previous old pension scheme and features of the new pension scheme. The UPS has provisions for a fixed pension amount, a guaranteed and predetermined sum of money that a retiree will receive...
Cabinet approves 50% of salary as pension for 23 lakh central govt employees, to be effective from Apr 1, 2025
Ashwini Vaishnaw, Union Information and Broadcasting Minister While announcing the details of the scheme, Ashwini Vaishnaw, Union Information and Broadcasting Minister said, "Today the Union Cabinet has approved Unified Pension Scheme(UPS) for government employees,...
Indian port workers call for strike over pay and pension demands
Around 20,000 workers are part of the group of port workers' unions, and all of them would join the strike. The immediate impact of the strike might not be grave, but if it goes on for more than two to three days, the ramifications would be severe, said Sathya...
Nagaraju Maddirala appointed as new DFS Secy
Nagaraju Maddirala, Secretary-Designate, Department of Financial Services A few issues concerning the insurance industry, Maddirala will look into, with priority, soon after taking over as the secretary are- pending reforms measures which need amendments of various...
LIC’s net profit rises almost 10 % to Rs 10,461 crore in Q1 fy25
Siddhartha Mohanty, CEO & MD, LIC Siddhartha Mohanty, CEO & MD, LIC, said, “The momentum around increasing share of non par products within individual segment continues and our non par share, on an APE basis, within the individual business has increased to...
Launch of NPS Vatsalya: Securing financial future of young citizens
"The launch of NPS-Vatsalya, allowing parents and guardians to contribute towards minors' future, is a transformative step. This plan seamlessly converts into a regular NPS account once the minor becomes an adult. Thank you, PM Modi, for your visionary approach in...
FM says will evolve solution on New Pension Scheme to addresses relevant issues
Deduction of this expenditure up to 14 per cent of salary from the income of employees in private sector, public sector banks and undertakings, opting for the new tax regime, is proposed to be provided New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said a...
Union Budget offers income tax sops for 4 crore salaried individuals
The standard deduction for salaried employees is proposed to be increased from Rs 50,000 to Rs 75,000. The deduction on family pension for pensioners is proposed to be enhanced from Rs 15,000 to Rs 25,000/-. This will provide relief to about four crore salaried...