The new framework gives pension funds the freedom to create their...
Category:
Pension & Social Security
Latest
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,...
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...
PFRDA inaugurates app for financial inclusion, boost NPS
PFRDA Chairperson Deepak Mohanty on Thursday launched a web application developed by Zerodha Broking Limited to provide easy access to NPS for subscribers. The app offers seamless access to NPS to a wider subscriber base, the Pension Fund Regulatory and Development...
8 lakh bank employees to get 17% annual wage hike, 5-day work week awaits govt approval
For the retired employees, it was agreed that the monthly ex-gratia amount shall be paid in addition to the pension/family pension paid by the Public Sector Banks including SBI, to pensioners and family pensioners, who became eligible to draw pension on or before...
India needs investments in geriatric care:Smriti Irani
Smriti Irani, Union Minister Women and Child Development ''The issue is: are we preparing for that reality from an economic and socio-economic perspective?'' She wondered if we have mapped the need for investments in geriatric care, stating that even though we may be...
Singapore faces shrinking population, total fertility rate falls below 1 per cent for first time, says Minister
Singapore is confronted with the "twin demographic challenges of a persistently low fertility rate and an ageing population", the daily quoted the minister as saying Singapore:Singapore, facing a dwindling population and a manpower shortage, has seen its resident...
NITI Aayog pitches for tax reforms, mandatory saving plan, housing plan for elderly
More than 75 per cent of elderly people in India suffer from chronic diseases and these figures indicate the potential of the home-based care market in India. As per the report, the size of the home healthcare market in India was estimated at USD 6.2 billion (Rs 50,...
EPFO fixes 8.25 pc interest rate on employees’ provident fund for 2023-24
"The EPFO's apex decision making body Central Board of Trustees (CBT) has decided to provide 8.25 per cent rate of interest on EPF for 2023-24 at its meeting on Saturday,” a source said New Delhi: Retirement fund body EPFO on Saturday fixed a three-year high interest...
TCS expands 15-yr strategic partnership with UK’s Aviva, to service over 5.5 million policies
Doug Brown, CEO Insurance, Wealth & Retirement, Aviva said,“Extending this strategic partnership will improve how we serve our customers, further simplify our operations and support our growth ambitions. It will allow us to rationalize our systems and improve...
Centre allows woman employees to nominate son daughter for family pension
Previously, family pension was granted to the spouse of a deceased government servant or pensioner, while other family members became eligible only after the spouse's ineligibility or demise, the statement said New Delhi: In a path-breaking decision with far-reaching...