S. Ramann, chairperson, PFRDA, highlighted the significant rise in...
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Pension & Social Security
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EPFO intensifies efforts for reduction of litigation, to use WhatsApp to enhance reach
Alongside clearing legal pendency, EPFO is moving to simplify how...
PMJJBY,PMSBY settle claims worth Rs25,160 cr since their launch in 2015
Nirmala Sitharaman,Finance Minister Citing data on the 11th...
ICICI Pension Fund launches scheme with a health cover
Sivasubramanian Ramann , chairman, PFRDA Comparing the NPS SEP scheme with Aayushman Bharat, Ramann added, "Ayushman Bharat is the biggest (experiment), and I think the boldest experiment and scheme. It's no longer an experiment. It's a full-fledged scheme that is...
Chhattisgarh govt returns to NPS fold for providing pension to its employees
Sivasubramanian Ramann,chairman,Pension Fund Regulatory and Development Authority(PFRDA), said it has allowed banks to sponsor pension funds under the NPS, that will create a level playing field for all sponsors, including asset management companies...
Bajaj Life Insurance to apply for Pension Fund Manager and GIFT City licences
Tarun Chugh, MD & CEO, Bajaj Life Insurance, said, “The Board’s approval for seeking approvals from PFRDA, IFSCA and IRDAI is a pivotal step as there is a pressing need for dedicated pension solutions in India, and a PFM company will allow us to offer a complete...
Urban Company and HDFC Pension forge partneship to secure future of 50,000 service professionals
As part of the affiliation, HDFC Pension will manage pension contributions providing a seamless digital experience for on-boarding, account management and long-term retirement planning, while Urban Company will facilitate awareness and access to the program across its...
PFRDA constitutes 9-member panel to review and modernise NPS investment framework
It will benchmark these norms against global pension systems and assess them in the context of India’s evolving investment ecosystem. The objective is to strengthen the NPS investment architecture to support long-term retirement wealth creation, enhance...
PFRDA constitutes high-level committee to overhaul NPS payouts
According to the Finance Ministry, the committee is established as a standing advisory committee on structured pension payouts. New Delhi: In a move to improve retirement security, the Pension Fund Regulatory and Development Authority (PFRDA) has constituted a...
Consider govt employee’s plea to include live-in partner in family pension: Delhi HC to Centre
A bench of Justices Navin Chawla and Madhu Jain held that the petitioner government employee never concealed his relationship, and treating his efforts to include the names of his partner and children as his family as "grave misconduct" to deny post-retirement...
Labour Ministry proposes 90-day annual work threshold for gig worker social security
It explained that a gig worker, or a platform worker, will be considered to be engaged with an aggregator for one day if they have earned income, irrespective of the amount, for such work rendered with the aggregator on that calendar day. New Delhi: The Labour...
Economic Reforms Agenda-2025: Simplifying regulations, and strengthening social security
Labour reforms form another cornerstone of the 2025 agenda. The government has consolidated 29 labour laws into four Labour Codes covering wages, industrial relations, social security and occupational safety. The new framework extends social security benefits to...
100% FDI in Insurance:India’s big-bang financial reforms target wave of foreign money
All these reforms come as Prime Minister Narendra Modi and his administration want to make India a developed economy by 2047,a goal that requires economic growth of about 8% per year, and policymakers are betting on rapid industrialization and deeper capital markets...