L TO R- Deepak Mohanty, chairman,PFRDA , Nagaraju Maddirala,...
Category:
Pension & Social Security
Latest
Hackers target Australia’s major pension funds, steal savings from the biggest fund
AustralianSuper, the country’s largest fund managing A$365 billion...
Govt appoints IRDAI’s Randip Jagpal and EPFO’s Sanjay Pandey as Members of PFRDA
Earlier in the week, the government appointed Deputy CAG S Ramann...
Canada’s Ontario Teachers’ Pension Plan Board grows presence in India, establishes Mumbai office
“India is an attractive investment destination and will be one of our growth markets over the next 5-10 years. It has a large, growing, and dynamic economy, with openness to foreign capital which makes it a strategically important market for us,” said Jo Taylor,...
Conflict, climate change and Covid pose threat to health of women, children: PMNCH
As many as 18 million children did not receive a single dose of DTP in 2021. The vast majority of these children live in low and middle-income countries, with India, Nigeria, Indonesia, Ethiopia and the Philippines recording the highest numbers, the statement said In...
Objective to bring 17 lakh pensioners on SPARSH by Sep end: Defence Ministry
The Defence Accounts Department signed a Memorandum of Understanding (MoU) today with Bank of Baroda and HDFC Bank, to onboard them as service centres under the System for Pension Administration (Raksha) or SPARSH initiative, across more than 14,000 branches...
Punjab considering restoration of old pension scheme, says CM Bhagwant Mann
"My government is considering reverting to the Old Pension System (OPS). I have asked my chief secretary to study the feasibility and modalities of its implementation. We stand committed to the welfare of our employees," Punjab Chief Minister Bhagwant Mann said on...
UNDP launches new plan to accelerate progress on gender equality and SDGs
During the pandemic, women have been more likely to lose their jobs, making up only 39 percent of global employment but 54 percent of job losses. "As progress towards gender equality stalls, UNDP's ambitious new Gender Equality Strategy will guide us in our efforts to...
Thousands of Gujarat govt employees join ‘mass casual leave’ stir in state over old pension scheme
Unions representing teachers, panchayat health workers and revenue employees have been protesting since some time for the reintroduction of the OPS in the state Ahmedabad: Thousands of employees of the Gujarat government, including school teachers, joined the ‘mass...
Jharkhand implements old pension scheme
Under the old pension scheme, the entire pension amount is given by the government. In NPS, employees contribute 10 per cent of their salary towards pension while the state government contributes 14 per cent. The implementation of the old pension scheme would benefit...
More than half of people in APAC still lack social protection, says new ILO report
The World Social Protection Report 2020–22: Regional companion report for Asia and the Pacific finds that only 44.1 per cent of the region's population have access to at least one social protection benefit. Looking at some specific benefits; only 45.9 per cent of new...
Max Life Insurance enters pension fund management biz; its arm secures licence from PFRDA
Set up with initial capital of Rs 50 crore, the fund manager is expected to begin its operation in October, Max Life managing director and CEO Prashant Tripathy told PTI New Delhi: Max Life Insurance Company on Friday said it has ventured into the pension fund...
Income tax payers barred from enrolling in Atal Pension Yojana from Oct 1
The government introduced APY on June 1, 2015, to provide social security to workers mainly in the unorganised sector. Subscribers of the scheme get a minimum guaranteed pension of Rs 1,000 to Rs 5,000 per month after attaining 60 years of age depending on their...