Rejecting the state government’s contention that only regular women...
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Pension & Social Security
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ICICI Prudential Pension Funds crosses Rs 50,000 crore AUM
Today, ICICI Prudential Pension Funds serves over 1.2 lakh NPS...
Cabinet approves Rs 1.07 lakh cr Employment Linked Incentive scheme to create 3.5 cr jobs in 2 yrs
The ELI scheme to support job generation, enhance employability and...
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...
Britain to tap pensions for infrastructure as Thames Water toils
Britain's financial services were largely cut off from the EU due to Brexit, with Amsterdam overtaking London as the region's biggest share trading centre. UK chip designer ARM's decision to list in New York and not London has also piled pressure on Britain to bolster...
PFRDA is working on a guaranteed pension product: Chairman
Deepak Mohanty, chairman,PFRDA PFRDA is actively working on introducing a guaranteed returns product in the market, Mohanty said, adding that it is mandated by the law to do so The fund managers will have to arrange more capital for launching such a product, Mohanty...
Birth Rate in Singapore falls to record low, only 35,605 babies in 2022
In response to queries on the declining TFR, National University of Singapore sociologist Tan Ern Ser remarked that likely factors include children increasingly not being seen as part of retirement planning, while the cost of raising them has risen in an increasingly...
EPFO extends deadline to apply for higher pension till July 11
This is the second extension of the deadline for applying for a higher pension. Earlier, it was extended from May 3, 2023, to June 26, 2023. The last opportunity of 15 days is being given to remove any difficulty faced by the eligible pensioners/ members, the...
Standard Life partners with TCS to revamp customer experience for European policyholders
With this partnership, TCS will set up a customer operations center in Germany, and a future-ready Life and Pensions Digital Platform for Germany and Austria, with capabilities to extend into other European markets FRANKFURT/ MUMBAI: Tata Consultancy Services (TCS)...
Indian government likely to offer assured pensions to its employees
Government will likely assure its employees a minimum pension of 40%-45% of their last drawn salary by altering the current market-linked pension The current National Pension Scheme requires employees to contribute 10% of their basic salary and the government 14%. The...
CEA against concept of Universal Social Security as it may generate ‘perverse incentives’
''For our country, when natural economic growth should take care of many of the aspirations, it (Universal Social Security) may not be necessary. We may be creating the ground for perverse incentives for people to not make their own effort in seeking such...