The government's initiatives for improving access to basic...
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Pension & Social Security
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Progress in India enabled by dual strategy of strong safety nets, reforms that foster growth: NITI Aayog VC
Suman Bery ,Vice Chairman, NITI Aayog 240 million Indians escaped...
Pension fund managers want changes on in bond rules for higher yield on retirement savings
Currently, investment in corporate bonds maturing in less than...
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:...
Congress will ‘compel’ Centre to implement old pension scheme in entire country Rajasthan CM Gehlot
On April 6, the Union Finance Ministry set up a committee under Finance Secretary T V Somanathan to review the pension system for government employees. The committee would suggest whether in the light of the existing framework and structure of the National Pension...
HDFC Pension Management company crosses Rs 50,000 crore assets
``The superior returns, attractive tax benefits, and low charges make for a strong customer proposition for investing in our pension products. With our AUM crossing the threshold of Rs. 50,000 cr., the effective Fund Management Charges for our subscribers will reduce...
EPFO adds 13.4 lakh members in March, 1.39 cr in 2022-23
Among the newly joined members, the highest enrolment is registered in the age group of 18-21 years with 2.35 lakh members, followed by the age group of 22-25 years with 1.94 lakh members.The age-groups of 18-25 years constitute 56.60 per cent of total new members...