A staggering 55.44 crore Jan Dhan accounts have been opened in...
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Pension & Social Security
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Affluent Indians need Rs 3.5 crore for comfortable retirement, says HSBC report
"Investors (in India) are concerned about the cost of living and...
64.3% Indians now covered under social security, against 22% in 2016
The government's initiatives for improving access to basic...
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 achievement and officially published on its dashboard that 64.3 per cent of India's population, i.e. over 94 crore people, are now covered under at least one social protection benefit. It is an...
FM asks financial sector regulators to standardise KYC, refund of unclaimed assets to rightful owners
Lto R--Ajay Seth, Finance secretary, Sanjay Malhotra, Governor, Reserve Bank of India,Nirmala Sitharaman,Union Finance Minister,Pankaj Choudhary,Union Minister of State for Finance and Nagaraju Maddirala, Secretary, Department of Financial Services at the 29th FSDC...
74% employees prioritise long-term benefits over bigger paychecks: Report
Around 74 per cent of employees interviewed stated that they would choose a slightly lower salary in exchange for stronger long-term benefits such as health insurance, retirement planning, and education support, a report by staffing solutions and HR services provider...
Govt ratifies interest rate at 8.25 pc on employees’ provident fund for FY25
EPFO, on February 28, had decided to retain the interest rate of 8.25 per cent on employees' provident fund (EPF) deposits for the financial year 2024-25, equal to the rate provided in the preceding fiscal. Now the interest amount as per the rate ratified for FY25...
Central govt employees retiring day before annual pay hike date to get notional increment
As specifically mentioned in the orders of the apex court, "grant of the notional increment on January 1/July 1 shall be reckoned only for the purpose of calculating the pension admissible, and not for the purpose of calculation of other pensionary benefits," said the...
All high court judges entitled to full pension: SC
Observing that denial would amount to violation of right to equality under Article 14 of the Constitution, a bench comprising Chief Justice B R Gavai and Justice Augustine George Masih said full pension will be paid to all irrespective of when they were appointed and...
Liberal approach must be adopted while considering disability pension to army men: SC
"We must appreciate the fact that the provisions for grant of disability pension are in the nature of a beneficial scheme intended to provide succour to servicemen in hard times who have been discharged from service after having served the nation with dedication. New...
India secures 3-year exemption from social security contribution for domestic workers in UK
Presently, Indian professionals working for a limited period in Britain contribute to their social security funds, but are not able to get their benefits as they return once the projects are complete New Delhi: India has secured a three-year exemption from social...
NPS subscriber enrolment surges to 12 Lakh in FY25
The Assets Under Management (AUM) for both NPS and Atal Pension Yojana (APY) expanded by 23 per cent during 2024-25 to Rs 14.43 lakh crore by end-March 2025, it said New Delhi: The National Pension System (NPS) has achieved significant growth with private sector...
EPFO adds 16.10 lakh net members in Feb
A noticeable aspect of the data is the dominance of the 18-25 age group, which accounted for 4.27 lakh new subscribers in February 2025. This segment constituted a significant 57.71 per cent of the total new subscribers added during the month New Delhi: Retirement...