S Ramann, chairman, PFRDA With his vast experience in public...
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Pension & Social Security
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India’s social security coverage increased from 19 pc to 64 pc in 10 years
According to an official statement, ILO has acknowledged India's...
FM asks financial sector regulators to standardise KYC, refund of unclaimed assets to rightful owners
Lto R--Ajay Seth, Finance secretary, Sanjay Malhotra, Governor,...
6.64 lakh families receive claims for Rs13,290 crore under PMJJBY scheme: FM
Union Finance and Corporate Affairs Minister Nirmala Sitharaman Under PMSBY scheme, Sitharaman said that more than 1.15 lakh families have received claims for Rs 2,302 crore New Delhi: Celebrating the 8th anniversaries of the three social security (Jan Suraksha)...
SC Seeks Centre’s Response On PIL For Welfare Of Persons Suffering Autism Spectrum Disorder
The present petition is being filed in the public interest to formulate guidelines and/or standard process under the Right of Persons with Disabilities Act, 2016 for the inclusion of the persons affected by ASD, the NGO stated New Delhi: The Supreme Court Monday...
RBI sounds note of caution on OPS, says it may add to liabilities in future
By postponing the current expenses to the future, the report said states risk the accumulation of unfunded pension liabilities in the coming years The governments of Rajasthan, Chhattisgarh, Himachal Pradesh, Punjab and Jharkhand have informed the Centre about their...
Additional contribution of 1.16 pc for higher pension to be drawn from employers’ payout
''It has been decided to draw 1.16 per cent additional contribution from within the overall 12 per cent of the contribution of the employers into the provident fund,'' a labour ministry statement issued late in the evening on Wednesday said New Delhi: Additional...
Enrolments under Atal Pension Yojana cross 5.20-crore mark
According to Finance Ministry sources, the scheme enrolled more than 1.19 crore new subscribers in 2022-23 as compared to 99 lakh in the corresponding fiscal, registering a growth of 20 per cent As on date, the total assets under management (AUM) in APY is more than...
Macron pension reform ends cherished French exception
French President Emmanuel Macron Macron's government says that raising the retirement age will plug a 13.5 billion euro shortfall the pension system would otherwise be running by 2030 French President Emmanuel Macron may have pushed through his unpopular pension...
FinMin sets up Somanathan panel to review pension system for govt employees
TV Somnathan,finance secretary, ministry of finance The announcement came in the backdrop of several non-BJP states deciding to revert to the DA-linked Old Pension Scheme (OPS) and also employee organisations in some other states raising demand for the same The state...
China cuts medical benefits for seniors due to cash shortage
In the longer term, the "grey hair movement" is indicative of a fundamental issue facing the Chinese government, how to care for a rapidly ageing society where 400 million people, or 30 per cent of the population, will be 60 or older by 2035. China's public health...
Finance minister proposes panel to look into issues related to Govt employees’ Pension
"I propose to set up a committee under the finance secretary to look into this issue of pension and evolve an approach which addresses the need of employees while maintaining fiscal prudence to protect the common citizens. The approach will be designed for adoption by...
Gigs, scams, ghost work: India tech sector’s dark side
In his job, Saurav - who asked to go by one name to protect his identity - called people in the United States, enticed them to sign up for loans and insurance policies, then told them they needed to improve their credit score by paying $50-$100. Only, he did not work...