"In the coming days, EPFO 3.0 version will come. This means EPFO...
Category:
Pension & Social Security
Latest
SC issues contempt notice to Punjab for failing to implement pension scheme
"In spite of repeated undertakings given to the high court,...
China to ‘formulate’ policies for elderly, focus on boosting birth rates
China's population fell for a third consecutive year in 2024, as...
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...
EPFO onboards Air India, takes into fold 7,453 airline employees for social security benefits
These employees of Air India now will be entitled to benefits like they will receive extra 2 per cent employer's contributions in their provident fund (PF) accounts at 12 per cent of their wages New Delhi: fund body EPFO has onboarded Air India Ltd for social security...
PFRDA to ‘discuss’ plan to raise equity exposure in NPS to 75%
"Currently, they have a maximum equity exposure of 50 per cent but that too 50 per cent we call auto kind of investment. So this auto choice is nothing but it follows a lifecycle fund pattern where up to the age of 35, it will be 50 per cent in equity and balance will...
Assets under management of NPS, APY cross Rs 6.99 lakh cr: PFRDA
NPS, which mainly caters to organised sector employees, is segmented into central government, state government, corporate sector employees, all citizens model and NPS Lite New Delhi: Total assets managed under NPS and APY, the two flagship pension schemes of the...
2022: Daunting labour reforms, informal workers’ social security fund await take off
There is a provision in the industrial relations code that any unit with up to 300 workers will not need permission from the appropriate government for closure, retrenchment and lay off. At present, the threshold is 100 workers New Delhi: Ushering in a big wave of...
BJD MP urges GST Council to reduce tax on health insurance from 18% to 5% for sr citizens
“In order to provide relief to our senior citizens, it is necessary to reduce the existing GST rates on health insurance policies from 18 per cent to five per cent or exempt senior citizens from any GST on purchase of health insurance,” Patnaik said in the letter...
4 labour codes likely to be implemented by FY23 as many states ready draft rules
Union Labour Minister Bhupender Yadav in a reply to the Rajya Sabha earlier this week had said that the Occupational Safety, Health and Working Conditions Code is the only code on which the least number of 13 states have pre-published the draft rules New Delhi: The...