“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,...
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...
Italy, EU’s oldest country, to spend more on the elderly
Among several measures, the package envisages a so-called monthly "universal benefit" of 1,380 euros to support poor people over 80 with "very severe welfare needs", a government document showed Rome: Italy's government said on Thursday it would introduce a new...
China’s population drops for 2nd year, raises long-term growth concerns
The National Bureau of Statistics said the total number of people in China dropped by 2.75 million to 1.409 billion in 2023, a faster decline than in 2022, which was the first since 1961 during the Great Famine of the Mao Zedong era Beijing: China's population fell...
Received info from India on social security pact, more work required on this: USTR Katherine Tai
Katherine Tai, US Trade Representative Under this agreement, an expatriate in either country need not contribute to the social security scheme of the host country New Delhi: The US Trade Representative Katherine Tai on Saturday said they have received information from...