China's population fell for a third consecutive year in 2024, as...
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Relevance of gold as asset class to rise in coming years Nageswaran
Chief Economic Advisor V Anantha Nageswaran said it is very...
EPFO retains 8.25 pc interest rate on employees’ provident fund deposits for 2024-25
The retirement body had paid 50.8 million claims worth Rs 2.05 lakh...
From security to uncertainty: Post Covid, many elderly return to workforce
The reasons for seeking financial independence are varied as is the income bracket. It could be somebody whose son lost his job, another whose savings dwindled in the long months of lockdown or an elderly person who may have seen an earning child die of Covid and is...
Govt approves 8.1% on EPF deposit for 2021-22
The 8.1 per cent EPF rate of interest is the lowest since 1977-78, when it stood at 8 per cent. The 8.5 per cent interest rate on EPF deposits for 2020-21 was decided by the Central Board of Trustees (CBT) in March 2021. New Delhi: The government has approved 8.1 per...
PFRDA rejects Chhattisgarh’s request to refund Rs 17,240 cr collected under NPS, CM urges Modi to intervene
Bhupesh Baghel,Chief Minister,Chhattisgarh PFRDA in a letter dated May 26 replied that there is no such provision available under which the funds, which are deposited both in the form of the government contribution and employees' contribution towards NPS, along with...
Govt raises premium for flagship insurance schemes PMJJBY, PMSBY
The premium rate of PMJJBY has been revised upward to Rs 1.25 per day, translating into an increase from Rs 330 to Rs 436 annually The annual premium for PMSBY has been hiked from Rs 12 to Rs 20, an official statement said New Delhi: The government on Tuesday raised...
Income of 94.11% registered informal workers at Rs 10,000 or below,74pc belong to SC, ST, OBC
e-Shram portal is aimed at building a comprehensive National Database of Unorganized Workers (NDUW) in the country The data showed that 94.11 per cent of the registered informal workers have a monthly income of Rs 10,000 or below, while 4.36 per cent have a monthly...
UK’s Sunak extends one-off $46.6 bn y to ease a cost-of-living crisis for public
British finance minister Rishi Sunak A new, one-off GBP 650 payment will be offered to more than 8 million low-income households on Universal Credit, Tax Credits, Pension Credit and other benefits, with separate one-off payments of GBP 300 to pensioner households and...
Chhattisgarh govt asks PFRDA to return Rs 17,240 crore for old pension scheme rollout
In a letter to the Chairman of PFRDA, New Delhi on Friday, state’s Finance Secretary Alarmelmangai D said the Chhattisgarh government has decided to reinstate the old pension scheme (OPS) and therefore, the demand is being made to implement the decision Raipur: The...
EAC-PM recommends a guaranteed employment scheme and universal basic income to reduce inequality in India
The report also noted that raising minimum income and introducing universal basic income are some of the recommendations that can reduce the income gap and equal distribution of earnings in the labour market "Most importantly, the government must allocate more...
Private sector to drive growth of National Pension Scheme: Study paper
"Our demographic structure, with a greater proportion of younger people, favors a phase of accumulation. Since longevity is inching up, so also the need for a steady stream of income is increasing to mitigate old-age poverty. Further, as the traditional family support...
Largest public pension fund CalPERS wants Buffet’s replacement as Chairman of Berkshire Hathaway
Warren Buffett, chairman, Berkshire Hathaway Inc. CalPERS said it invests more than $450 billion, including more than $2.3 billion in Berkshire shares. Berkshire plans for Buffett’s son Howard Buffett to become non-executive chairman after his father’s departure,...