Maharashtra Labour Minister Akash Fundkar on Tuesday said 'gig...
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Trade unions, farmer bodies to go on general strike on Wed; may disrupt banking, other services
A forum of 10 trade unions has given a 17-point charter of demand....
Govt employees under Unified Pension Scheme to get tax benefit akin to NPS: Finmin
The inclusion of UPS under the tax framework marks another step...
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...
Andhra Pradesh Cabinet approves Guaranteed Pension Scheme, regularisation of 10,000 contract staff
Under the GPS scheme, eligible employees will receive 50 per cent of their last drawn salary as pension, including receiving dearness relief (DR) on the lines of the Central Government declaring dearness allowance and DR twice a year Amaravati: Approving Guaranteed...
Canadian pension fund CDPQ puts brakes on China investment – FT
The Financial Times in February reported that Singapore's sovereign wealth fund GIC has reduced private investments in China Canada's second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) has stopped making private deals in China and will close its...
Will meet FM Sitharaman to claim refund of Rs 9242.60 cr deposited in NPS: HP CM Sukhu
Sukhvinder Sukhu,Chief Minister,Himachal Pradesh Sukhu also assured that the benefits of the old pension scheme would be extended to board-corporation employees, and corporations that have been excluded from this scheme would be included in due course Dharamshala:...