Suman Bery ,Vice Chairman, NITI Aayog 240 million Indians escaped...
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Pension & Social Security
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Pension fund managers want changes on in bond rules for higher yield on retirement savings
Currently, investment in corporate bonds maturing in less than...
Trade unions go on daylong strike, services largely unaffected
The unions' demands include doing away with the four labour codes,...
Australia’s spending on public pensions to be lowest in OECD as private system takes strain
The number of Australians aged 65 and over will double by 2063 but spending on public pensions will decline to 2% of GDP over the same period, from 2.3% today, thanks to the private pension system, according to excerpts from the "Intergenerational Report 2023" seen by...
UK PM Sunak commits to triple-lock pension policy despite inflation
Last November, with inflation in double-digits, finance minister Jeremy Hunt decided to raise state retirement and welfare benefits payments in line with price growth at a cost of about 11 billion pounds London: British Prime Minister Rishi Sunak said he was committed...
EPFO invests Rs 13,017 crore in exchange traded funds (ETFs) in April-July period
Minister of State for Labour and Employment Rameswar Teli said the Code on Social Security, 2020 envisages social security benefits through formulation of schemes for gig and platform workers that can be implemented through EPFO and Employees’ State Insurance...
Stability a major concern, 50 pc of gig workforce interested in full-time jobs: Report
Lack of social security (24 per cent) was another key challenge flagged by those surveyed. Meanwhile, the report found that 32 per cent of respondents find uncertainty of their employment as the biggest challenge. This points to the lack of stability and...
Changes in insurance sector will help create value for customers: Parekh
These regulations will increase the ease of doing business, encourage development of longer-term products, improve persistency, thereby creating value for customers,HDFC Life Chairman Deepak Parekh said Mumbai: The massive changes taking place on the regulatory front...
Rajasthan govt tables country’s first gig workers bill
Under the bill, the state will constitute a 'The Rajasthan Platform Based Gig Workers Welfare Board' which will ensure registration of gig workers and aggregators operating in the state The bill will give gig workers a unique ID which will be applicable across...
Society of Actuaries Research Institute launches longevity Illustrator for Singapore, Hong Kong and Canada
"A variety of possibilities should be considered when preparing for retirement, including longevity. SOA's Longevity Illustrator, a web-based tool, is designed to provide information to help individuals and couples plan a secure retirement more effectively with just a...
PFRDA to allow funds to invest in sovereign green bonds: Chairman Deepak Mohanty
Deepak Mohanty,Chairman, Pension Fund Regulatory and Development Authority The government is expected to issue sovereign green bonds in the second half of the current financial year as part of the overall market borrowing programme New Deelhi: Pension Fund Regulatory...
Rajasthan to bring law on social security pension, employment guarantee: CM
Ashok Gehlot, Chief Minister,Rajasthan ''There will be no shortage in providing minimum income and social security to the common man. With this feeling, in the upcoming session of the Rajasthan Legislative Assembly, a law will be made regarding social security pension...
India registers remarkable reduction in poverty with 415 million people coming out of it in 15 years: UN
According to the 2023 release, 1.1 billion out of 6.1 billion people (just over 18 per cent) live in acute multidimensional poverty across 110 countries. Sub-Saharan Africa (534 million) and South Asia (389 million) are home to approximately five out of every six poor...