"In spite of repeated undertakings given to the high court,...
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Pension & Social Security
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China to ‘formulate’ policies for elderly, focus on boosting birth rates
China's population fell for a third consecutive year in 2024, as...
Relevance of gold as asset class to rise in coming years Nageswaran
Chief Economic Advisor V Anantha Nageswaran said it is very...
Sitharaman invites Canadian pension funds to invest in infra projects
"FM @nsitharaman complimented Canada for housing some of the largest and most successful pension funds globally and welcomed the investments from Canada into India, including in National Monetization Pipeline #NMP and National Infrastructure Pipeline #NIP," the...
Subscribers under PFRDA schemes increase 22% to 5.07 crore in February
The total assets under management (AUM) of the two schemes -- NPS and the Atal Pension Yojana (APY) rose 28.21 per cent to Rs 7,17,467 crore New Delhi: The number of subscribers under two flagship pension schemes by PFRDA jumped 22 per cent year-on-year to more than...
Swiss Re partners with NTUC Income to shield against future variation in Income’s annuity book
This partnership will help shield Income from future variations in its annuity book, by sharing with Swiss Re any future payments to annuitants who live beyond their age expectancy "In this instance, Swiss Re leveraged its global longevity reinsurance expertise,...
Max Life incorporates pension fund subsidiary, to infuse Rs 55 cr
Max Life Insurance Company Ltd has incorporated a wholly-owned subsidiary Max Life Pension Fund Management Ltd and will infuse Rs 55 crore into the firm by subscribing to 5.5 crore shares. The wholly-owned subsidiary company of Max Life Insurance Company Ltd (Max...
Rising incomes more harmful to environment than population growth
The Global Population Growth and Sustainable Development report, launched on Wednesday, is the latest in a series on major demographic trends The number of people on the planet more than tripled since 1950 and could reach nearly 11 billion by the end of the century,...
Rajasthan raises health cover to Rs 10 lakh per family, reverts to defined benefits pension scheme for its employees
Rajasthan Chief Minister Ashok Gehlot as part of Budget also announced that IPD and OPD services will be free-of-cost in state-run hospitals Jaipur: Rajasthan Chief Minister Ashok Gehlot on Wednesday presented his fourth Budget for the year 2022-23, with the main...
EPFO mulling new pension scheme for formal workers getting over Rs 15K basic wage
''There has been demand for higher pension on higher contributions among the members of the Employees' Provident Fund Organisation (EPFO). Thus, it is under active consideration to bring out a new pension product or scheme for those whose monthly basic wages are more...
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...