“We will certainly want to make sure there is a smooth flow of...
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Pension & Social Security
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Finance Ministry urges employees to opt for UPS before Sept 30 deadline
Around 31,555 central government employees had opted for the UPS...
Sebi to engage with govt to allow banks, pensions funds to invest in non-agri commodity derivatives
"We will also engage with the government to consider banks,...
Govt to launch three employment-linked schemes: FM
While presenting the Union Budget for 2024-25, Finance Minister Nirmala Sitharaman said the government will provide incentives to 30 lakh youth entering the job market by providing one month's PF (provident fund) contribution Central government will give one month's...
Economic Survey highlights urgent need for structured elderly care policies in India
Coupled with insights from a NITI Aayog position paper, the survey pointed out that the elderly care industry in India -- currently valued at USD 7 billion (Rs 57,881 crore) -- faces critical gaps in infrastructure, research and know-how for managing geriatric...
Elderly population in India likely to double by 2050: UNFPA India chief
She said as the number of individuals, aged 60 and above, is projected to double to 346 million by 2050, there is a pressing need for increased investment in healthcare, housing and pension schemes New Delhi: India's elderly population is expected to double by 2050,...
Household savings are choosing mutual funds, insurance and pension funds over banks to invest savings: RBI Governor
``While bank deposits continue to remain dominant as a percentage of the financial assets owned by the households, their share has been declining, with households increasingly allocating their savings to Mutual Funds, Insurance Funds, and Pension Funds" New Delhi:...
Term Insurance: Multiple features with flexible options
Several term plans come with the flexibility of being converted into an endowment policy or a pension fund with monthly annuities, thus becoming more attractive to people Amit Jaiswal, Chief BALIC Direct Officer, Bajaj Allianz Life Insurance One of the simplest forms...
Shriram Life Insurance launches affordable annuity plan
Shriram Life Insurance has launched an affordable annuity plan that balances long-term savings growth along with insurance protection. Individuals aged 40 and up until the age of 75 can purchase Shriram Life Deferred Annuity Plan, which offers tax benefits as well as...
EPFO’s gross new subscribers addition declined by over 4 per cent to 10.9 million in 2023-24
The report also showed that the gross addition of members of Employees' State Insurance Corporation (ESIC) also dipped to 16,760,672 in 2023-24 from 16,773,023 in 2022-23 New Delhi: Retirement fund body EPFO's gross new subscribers addition declined by over 4 per cent...
AP Govt to disburse hiked welfare pensions on July 1
N Chandrababu Naidu,Chief Minister,Andhra Pradesh Over 65 lakh beneficiaries under 28 categories will benefit. The new government has also increased pensions to eligible specially-abled persons from Rs 3,000 per month to Rs 6,000 per month Amaravati (Andhra Pradesh):...
IOA planning medical insurance and pension for former Olympians
"The IOA is committed to taking athlete-centric steps, and one of these is providing medical insurance and pension for all our ex-Olympians," IOA President and legendary athlete PT Usha said New Delhi: The Indian Olympic Association (IOA) is set to introduce...
EPFO adds highest-ever members in April since 2018
The share of women in the new members stood around 2.49 lakh out of total of 8.87 lakh new members, indicating a broader shift towards a more inclusive and diverse workforce. An increase of 31.29 per cent has been registered in net member addition during April as...