The petitioner, who was elevated as a judge of the Allahabad High...
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India and UK to collaborate on developing financial regulations
Participants from India and UK touched upon reforms in respective...
China to expand private pension scheme nationwide from Dec 15
Those covered by public pension insurance will be allowed to open...
FACTBOX-Later retirement, income guarantees: What’s in France’s pension reform?
From 2027, workers will have to make social security contributions over 43 years rather than 42 years in order to draw a full pension. The additional year was already foreseen in a 2014 reform but Macron is accelerating the pace of transition. Guaranteed minimum...
Atal Pension Yojana has now more than 5cr subscribers
The scheme has done very well in the calendar year 2022 by enrolling more than 1.25 crore new subscribers in comparison to 92 lakh new subscriber’s enrolment in the calendar year 2021 Mumbai: Atal Pension Yojana(APY), the flagship social security scheme of the...
Maha govt positive about old pension scheme for teachers and govt employees: CM Shinde
Eknath Shinde, Chief Minister,Maharashtra Under the old pension scheme, employees get a defined pension. Under this, an employee is entitled for a 50 per cent amount of the last salary drawn as pension However, the pension amount is contributory under the National...
Gehlot reiterates suggestion to implement Chiranjeevi Health Insurance Scheme across country
''Social security should be compulsory. It is the responsibility of the government to look after the needy families,'' he said. Jaipur: Rajasthan Chief Minister Ashok Gehlot on Thursday reiterated that the state government's Chiranjeevi Health Insurance Scheme should...
Citing MHA circular, HC quashes finance ministry notification, orders OPS for all personnel of CAPFs
Delhi High Court has ordered implementation of the Old Pension Scheme for all personnel of the CAPF and directed the Centre to issue necessary instructions within eight weeks It quashed a 2003 notification of the Union Ministry of Finance and a 2020 Office Memorandum...
Study finds how retirement plans affect cognitive performance in older people
With a higher life expectancy and a decline in fertility in developing countries, the elderly population has become the most significant demographic source in Asia and Latin America, generating an urgent need for new, sustainable pension systems Study finds how...
Raj CM Gehlot firm on Old Pension Scheme, dismisses Montek’s ‘financial bankruptcy’ remark
Rajasthan Chief Minister Ashok Gehlot Former deputy chairman of the Planning Commission Montek Singh Ahluwalia cautioned state governments that bringing back the Old Pension Scheme could be a regressive step and lead to financial insolvency Shimla: Rajasthan Chief...
Japanese families offered huge cash to move out of Tokyo
According to the Statistics Bureau of Japan, in 2021, 28.9% of Japan’s total population was at least 65 years old, marking a record high for the country. There were 14.78 million 0-14-year-olds in the same year, accounting for 11.8% of the total population, the lowest...
Axis Bank forays into retirement biz with pension fund management, crosses Rs 100 cr in AUM
The third largest private sector lender received a commencement of business certificate from the Pension Fund Regulatory and Development Authority (PFRDA) on September 20, and the AUM has been managed in the first 45 days of the business, as per a company statement...
Old pension scheme will put burden of Rs 1.10 lakh cr on exchequer, Maha govt won’t revert to it: Fadnavis
Devendra Fadnavis,Deputy Chief Minister,Maharashtra Under the old pension scheme, employees get a defined pension. Under this, an employee is entitled for a 50 per cent amount of the last salary drawn as pension Mumbai: Maharashtra Deputy Chief Minister Devendra...