NEW DELHI: Union Labour Minister Mansukh Mandaviya on Friday...
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Pension & Social Security
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Karnataka High Court rules employer can’t forfeit gratuity without recovery proceedings
The judgment clarified that dismissal is a punitive action taken...
EPS-95 pensioners demand Rs 7,500 minimum pension
Pensioners have been agitating for over 7-8 years for an increase...
Italy makes fresh attempt at pension reform as debt worries mount
With one of the world's oldest populations, Italy spends more than any other European country on pensions except Greece, Eurostat data shows. According to the Treasury, Rome's pension bill reached a record 17% of national output in 2020. The new reform will be the...
Atal Pension Yojana subscriber base crosses 71 lakh
''As per information received from PFRDA, 71,06,743 subscribers have been enrolled under APY up to January 24, 2022, during the financial year 2021-22,'' Minister of State for Finance Bhagwat Karad said in a written reply in the Rajya Sabha Subscribers under the...
Sanjay Malhotra appointed as DFS Secy
Malhotra's s appointment as the Financial Services Secretary has taken effect immediately as the post is vacant after Debasis Panda,retired from the post on 31st Jan. The government had given Rajesh Verma, secretary, ministry of corporate affairs the additional charge...
Climate could be responsible for 40 million deaths before the end of the century: UN report
Climate change is also likely to become a leading cause of death worldwide, the authors warn, and could be responsible for 40 million deaths before the end of the century, even with moderate mitigation of emissions People’s sense of safety and security is at a low in...
Covid 19 Pandemic: Global social protection spending at $2.9 trillion, rises nearly 270%
According to the latest UN data, the world is not on course to meet the fundamental Sustainable Development Goal (SDG), of eradicating extreme poverty Without decisive action, the number of people living in extreme poverty is expected to reach 600 million, or 7 per...
Insurers hope to benefit from Budget spurred economic growth
``We are confident that the proposed measures such as the National Digital Health Ecosystem and the tele mental health program will raise awareness, and in turn encourage people to opt for health insurance,’’ said. PC Kandpal, MD & CEO, SBI General Insurance...
Budget 2022-23:Tax deduction limit of state govt employees increased from 10 pc to 14 pc
''This is a significant announcement to bring state government employees on par with the central government employees and this will help state government employees getting extended social security benefits in line with their counterparts in the union government,''said...
NGOs raise concern over reduction in fund allocation in Budget for social sector
HelpAge India said there were high expectations from the budget given the pandemic which has adversely affected the income, pension and health needs of the nearly 14 crore elderly population. ''The budget has left those unaddressed,'' it said. New Delhi: NGOs working...
Economic Survey: More people now opt for a pension of Rs1000 per month
As on September 2021, around 78 per cent subscribers have opted for Rs 1000 per month pension amount, as compared to 38 per cent subscribers as on March 2016 The share of subscribers opting for Rs 2000/`Rs 3000/Rs 4000 per month pension is 8 per cent, while 14 per...
LIC revises annuity rates for Jeevan Akshay and New Jeevan Shanti
Life Insurance Corporation(LIC) has revised its annuity rates for Jeevan Akshay and New Jeevan Shanti with effect from 1st Feb 2022.The modified version of these plans with revised annuity rates shall be available for sale from 1st Feb .The annuity amount under both...