The shift is evident on social media, where conversations...
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Pension & Social Security
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Wipro awrded multi-year deal from US-based retirement service firm TruStage to transform ops
"Customer expectations in financial services are changing, with a...
SC fastens liability of paying penalty on employer for delay in depositing compensation
"The perusal of the statement of objects of the said legislation...
PFRDA widens investment options for funds
The PFRDA will now allow private pension funds to invest in the top 250 stocks by market capitalisation listed on India's bourses. Earlier, these funds were allowed to invest in a list of 200 stocks approved by the trust of the National Pension Scheme New...
New labour codes give gig, platform workers portable social security benefits
Under the Social Security code, aggregators are now required to contribute 1–2 per cent of annual turnover, capped at 5 per cent of payments made or payable to gig and platform workers to a Social Security Fund, an official statement said.The fund finances a range of...
Over 50 lakh Central government employees and nearly 69 lakh pensioners to gain from 8th Central Pay Commission
The Centre currently employs 50.14 lakh personnel, while pensioners number around 69 lakh, all of whom fall under the purview of the upcoming pay revision exercise, Minister of State for Finance, Pankaj Chaudhary, told the Lok Sabha in a written reply to questions...
Social security coverage rises to 64% from 19% in 2014: Mansukh Mandaviya
Labour and Employment Minister Mansukh Mandaviya noted that 94 crore people in the country are currently covered under accident, health and pension benefits, placing India just behind China, which covers 107 crore people New Delhi: India has expanded social security...
RBI governor releases five-year national financial inclusion strategy
Sanjay Malhotra,,Governor,Reserve Bank of India The 'National Strategy for Financial Inclusion (NSFI): 2025-30 emphasises a synergistic ecosystem approach, improving the quality and consistency of last-mile access and effective usage of financial services.These...
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...