As per the deal, Wipro’s existing FCA-regulated entity Wipro...
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Pension & Social Security
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No proposal to change retirement age of govt employees: Centre
"No proposal to change the retirement age of government employees...
EPFO achieves a historic high of 21.6 million claim settlement as on March 6
At present, 96 per cent corrections are being done without any EPF...
Confronting ageing: the talk Australia has to have
The rising number of older Australians is projected to increase the country's health spending on them to more than double to Australian dollar 270 billion (USD 174 billion) by 2035, even if the cost of providing care to each older person is static Public aged care...
Thousands of govt employees protest at Ramlila Maidan to demand restoration of Old Pension Scheme
In Old Pension Scheme (OPS)), the government employees are entitled to receive pension equivalent to 50 per cent of their last drawn salary. Under the NPS, a state government employee contributes 10 per cent of his/her basic salary plus dearness allowance with the...
Protecting older persons’ rights benefit everyone: UN chief
António Guterres,UN Secretary-General Studies show that number of people aged 65 years or older worldwide is projected to more than double – rising from 761 million in 2021 to 1.6 billion in 2050 – with the number of people aged 80 years or older growing even faster....
Pension-related concerns, healthcare among top queries of senior citizens on govt helpline
About 65 per cent of senior citizens are facing financial problems due to limited income, increased financial needs in old age, dependent younger family members, etc while 63 per cent elderly are facing social problems like age and gender discrimination, social...
EPFO extends deadline to upload details till Dec 31 for higher pension scheme
The deadline for uploading wage details which was ending on September 30 has been extended following representations from Employers & Employers' Associations, according to a labour ministry's release New Delhi: Retirement fund body EPFO has given three more months...
No reason for Canadian pension funds to back out from India: Official
''They are here because they are making higher returns here… So I don't see any reason for them to back out because of the current situation, which hopefully we will sort out,'' the official said. According to a report by think tank GTRI, Canadian pension funds, by...
States reverting to old pension scheme fiscally unsustainable: RBI paper
The immediate gain for states shifting back to the OPS is that they will not have to spend on the NPS contribution of the current employees, but in the future, the unfunded OPS is likely to exert "severe pressures" on their finances, it said. Mumbai: States reverting...
Ministry of Finance approves welfare measures for LIC agents and employees
Siddhartha Mohanty, chairperson, LIC, thanked finance minister Nirmala Sitharaman for extending the benefits of agents and employees of the corporation New Delhi: The Ministry of Finance today approved a series of Welfare measures for the benefit of agents and...
RBI’s financial inclusion index rises; shows growth across all segments
In August 2021, the central bank said it has been conceptualised as a comprehensive index, incorporating details of banking, investments, insurance, postal, as well as the pension sector, in consultation with government and respective sectoral regulators Mumbai: The...
Bank of England tells UK to hold insurers to account on infrastructure
Britain is rolling back capital rules for insurers from later this year and the industry has said this would make available up to 100 billion pounds to invest in infrastructure, but some lawmakers have doubts this will actually be the case The government should check...