Today, ICICI Prudential Pension Funds serves over 1.2 lakh NPS...
Category:
Pension & Social Security
Latest
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...
LIC CEO Bhanoo seeks govt push for taking insurance education to cities and schools across India
P. Jaipuria, secretary general, Insurance Institute of India, S.N....
French nationwide strike to extend as pension reform fight intensifies
This is a critical time for labour and the government since French President Emmanuel Macron hopes parliament will adopt his plan to raise the pension age by two years to 64 before April. Looking to pile pressure on lawmakers, France's hardline unions said there would...
1% women migrated in search of job, 87% shifted due to marriage: NSSO
The objectives of the MIS were to collect information for developing estimates of some important Sustainable Development Goal (SDG) indicators, to collect information regarding purchase or construction of houses or flats by the household for residential purpose after...
Select Central government employees can opt for Old Pension Scheme
"It has now been decided that, in all cases where the central government civil employee has been appointed against a post or vacancy which was advertised/ notified for recruitment/appointment, prior to the date of notification for National Pension System i.e....
Reverting to OPS will privilege govt servants at cost of larger public: D Subbarao
''That will be a decidedly regressive move both for our commitment to fiscal responsibility, and more broadly for the credibility of our reforms,'' former RBI governor D Subbarao New Delhi: The decision of some states to restart Old Pension Scheme will be decidedly a...
Himachal Pradesh to implement Old Pension Scheme from April 1, to bear a burden of ₹ 1,000-crore during 2023-24
The employees under the New Pension Scheme (NPS), who have retired after May 15, 2003, will be given OPS from the prospective date. The decision would put a burden of ₹ 1,000-crore on the state exchequer during 2023-24 financial year, Shimla: The Himachal Pradesh...
IRDAI simplifies norms for senior citizens availing Immediate Annuity products from NPS proceeds
The exit form of NPS will be treated as proposal form for purchasing annuity, thereby reducing the time and efforts of senior citizens as well as insurers. Hyderabad: In order to bring ease of living for senior citizens, the insurance regulator IRDAI has relaxed the...
Eligible EPFO members can now apply for higher pension benefits till May 3, 2023
In November 2022, the Supreme Court had upheld Employees' Pension (Amendment) Scheme 2014. The EPS amendment of August 22, 2014 had raised the pensionable salary cap to Rs 15,000 a month from Rs 6,500 a month, and allowed members along with their employers to...
National Pension System: Investing for Retirement
An impending challenge employees or workers may face in India, is the risk of inadequate pension arrangements after retirement from work. As a fallout, individuals may either be required to put severe curbs on their post-retiral expenses or continue working beyond the...
Sebi proposes to allow pension funds to participate as anchor investors in public issues
In its consultation paper, the regulator has proposed that rules should be amended to allow pension funds of entities which are associates of the lead managers, to participate as an anchor investor in a public issue Mumbai: Sebi on Wednesday proposed to allow pension...
World Day of Social Justice: Deeper dialogue across ‘real economy’ can drive progress
Poverty and inequalities within and among countries are on the rise in many parts of the world. Inequality remains very high, with annual gross domestic product per capita ranging from about $600 at purchasing power parity in the poorest country to more than $115,000...