Sivasubramanian Ramann , chairman, PFRDA Comparing the NPS SEP...
Category:
Pension & Social Security
Latest
Chhattisgarh govt returns to NPS fold for providing pension to its employees
Sivasubramanian Ramann,chairman,Pension Fund Regulatory and...
Bajaj Life Insurance to apply for Pension Fund Manager and GIFT City licences
Tarun Chugh, MD & CEO, Bajaj Life Insurance, said, “The Board’s...
India’s population to stabilise at at 1.8–1.9 billion by 2080 due to falling fertility rate: IASP
While birth rates are falling, life expectancy continues to rise due to improvements in healthcare.More people are living beyond 60, and this brings new challenges of elderly care, especially as younger people migrate for work. More people are living beyond 60, and...
HDFC Pension’s AUM crosses Rs1,50,000 cr
Sriram Iyer, Managing Director & CEO of HDFC Pension, stated, “ NPS is a product that is designed for Indians keeping in mind their long-term needs. The recent changes have made the product even more customer-friendly. Our new schemes are designed to meet diverse...
Decoding New Labour Laws:Enhancing worker welfare & ease of doing business
The labour codes establish distinct definitions for 'employee' and 'worker,' with specific benefits and provisions applicable only to 'workers.' The definition of 'worker' closely aligns with the term 'workman' under the Industrial Disputes Act, 1947, encompassing...
Mandatory appointment letters, fixed work hours, social security benefits among key changes in new labour Codes
The Ministry of Labour & Employment has also taken steps to develop a national database to enroll unorganized workers including migrants. It will help migrant workers get jobs, map their skills and provide other social security benefits. This will ensure...
Worforce Reforms: 4 new labour codes implemented for welfare of workers in India
Under Code on Social Security, 2020 all workers including gig & platform workers to get social security coverage. "All workers will get PF, ESIC, insurance, and other social security benefits," the ministry said New Delhi:In a landmark overhaul of labour laws, the...
Trade unions demand tax incentives on social security contributions and minimum pension hike
They also demanded to stop privatisation of LIC and GIC through different moves like LIC-IPO and withdraw the Bill allowing 100 per cent FDI in the insurance sector, which is detrimental to the larger interest of the common people and the nation New Delhi: Workers'...
Need to relook at Rs 15k ceiling for mandatory pension enrolment: DFS Secy
“We need to look at it…how do we secure the future of those who earn a little more also, but have a secure future and not depend on the children in the time of old age,”Department of Financial Services Secretary M Nagaraju Mumbai: The country needs to relook at the Rs...
UNDP, BMZ, Generali and ICMIF Foundation deliver world’s largest inclusive insurance innovation programme across 30 countries
Marcos Neto, UN Assistant Secretary-General and Director, UNDP The global protection gap (the difference between financial losses and what is covered by insurance) leaves 9 out of 10 people in developing countries without insurance coverage when shocks such as...
India Retirement Index Study: Balancing finance, health, and emotion
Sumit Madan, MD and CEO, Axis Max Life said, “IRIS 5.0 signals a clear shift towards smarter and more holistic retirement planning. Today’s consumers are showing greater health consciousness, higher product awareness, and sustained financial confidence. As health...
Cyclone Montha: Two dead in Andhra, crops suffer damage, CM Naidu says state minimised loss
N Chandrababu Naidu,Chief Minister , Andhra Pradesh Citing preliminary estimates, the government had noted on Tuesday that standing agricultural crops in as many as 38,000 hectares were destroyed due to the impact of Montha and horticulture crops in 1.38 lakh hectares...