A noticeable aspect of the data is the dominance of the 18-25 age...
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Pension & Social Security
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Falling fertility rates in southern states point to ageing population in future, says Arvind Panagariya
"Southern states in particular, where fertility rates have fallen...
Corporate credit tremors in aftershock of tariff-led stock rout
The move is fueling fears pension funds and other longer-term...
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...
Finance ministry invites application for PFRDA chairperson post
Besides senior government officials, private sector employees who have worked at the level of CEO, CFO, COO or equivalent are also eligible to apply for the post. The position is also open for persons from an academic backgrounds New Delhi: The government has started...
EPFO’s Rs 1.59 lakh crore investment in ETFs rises to Rs 2.26 lakh crore
The EPFO invests 85 per cent of the funds in debt instruments and 15 per cent of the investment is made in ETFs, as per the investment pattern notified by the government New Delhi: Retirement fund body EPFO has invested Rs 1,59,299.46 crore in Exchange Traded Funds...
PFRDA looks to offer guaranteed pension programme under NPS
Supratim Bandyopadhyay,Chairperson,PFRDA ''The Minimum Assured Return Scheme is under development. Tentatively, we may start from September 30,'' PFRDA Chairperson Supratim Bandyopadhyay told reporters here on Friday New Delhi: The Pension Fund Regulatory and...