The government has decided to extend a one-time option to central...
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NPS customers can now operate multiple pension schemes: PFRDA
Account holders will now be able to operate multiple pension...
India to become world’s third largest economy soon, says RBI Guv; hails PM Jan Dhan Yojana
Sanjay Malhotra, Governor, Reserve Bank of India The RBI governor...
Atal Pension Yojana adds record 12.2 million new members in 2023-24
The government pension scheme achieved a growth of 24 per cent in gross enrolments at the end of FY 23-24 standing at 64.4 million. APY is rapidly gaining popularity among women and youth. In FY24, out of the total enrolments, 52 per cent were women and out of the...
Only 29% elderly people have access to social security schemes like Pensions, PF: Study
Health insurance coverage is limited to 31 per cent of the elderly New Delhi: Only 29 per cent elderly people reported to have access to social security schemes, such as old-age pensions or provident funds, according to a study by the NGO HelpAge. A similar proportion...
Norway sovereign wealth fund excludes Adani Ports from over ethical concerns
Norges said it decided to exclude Adani Ports due to "unacceptable risk that the company contributes to serious violations of individuals' rights in situations of war or conflict" Norway's central bank said on Wednesday that its executive board has decided to exclude...
EPFO evaluating course of action over HC ruling on foreign workers
India presently has social security agreements with 21 countries. These agreements ensure continued social security coverage for employees from these nations on a mutually reciprocal basis. When citizens from these countries take up employment in each other’s...
Developing Asia and the Pacific failed to secure well-being of aging population: ADB report
``Governments need to prepare now if they’re going to be able to help hundreds of millions of people in the region age well. Policies should support lifetime investment in health, education, skills, and financial preparedness for retirement. Family and social ties are...
India must expand Universal Health Coverage for ageing population, maintain economic growth: ADB Report
While the South Korea and Thailand have achieved universal health coverage, others lag behind with India having the lowest health insurance coverage among older people at 21 per cent, a report titled 'Aging Well In Asia' prepared by ADB said Tbilisi:India is one of...
Bima Vistaar: IRDAI unveils premium for its mass combo cover at Rs 1500, for a family at Rs 2420
Debasish Panda, chairman,IRDAI Bima Vistaar will have a combined features of Life, Health, Personal accident and Property. For Life cover a premium of Rs 820 has to be paid while Health, Personal accident, Property have been priced at Rs 500, Rs 100 and Rs 80...
Finance Ministry refutes misinformation on social media over income tax regime
Under the new tax regime, the tax rates are significantly lower, though the benefit of various exemptions and deductions (other than standard deduction of Rs 50,000 from salary and Rs 15,000 from family pension) is not available, as in the old regime, the Finance...
Atal Pension Yojana design best guarantees minimum 8 pc return says Sitharaman rebuts Cong charges
"Atal Pension Yojana is designed based on best practice choice architecture to automatically continue the premium payment unless the subscriber opts out. This is a deliberate and beneficial feature which is in the best interest of the subscribers," Nirmala Sitharaman,...
EPFO adds 16.02 lakh members in January; 8.08 lakh enroll for 1st time
A noticeable aspect of the data is the dominance of the 18-25 age group, constituting a significant 56.41 per cent of the total new members added in January 2024 indicating the majority of individuals joining the organized workforce are youth, primarily first-time job...