Chief Economic Advisor V Anantha Nageswaran said it is very...
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Pension & Social Security
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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...
Demographic reality – a growing elderly population with fewer working-age people
Jad Ariss, managing director of the Geneva Association, said: “The...
Govt saves Rs.2.25 lakh crore by DBT to the genuine beneficiaries through Aadhaar
Saurabh Garg, CEO,UIDAI "We want to use new technologies like Artificial Intelligence, Blockchain and machine learning to strengthen Aadhaar and to make it more secure and the last thing I want to focus on is information security and privacy.Aadhaar architecture is...
EPFO invested Rs 2,500 cr in Reliance Capital’s bonds: FinMin
Reliance Capital had defaulted on payment of principal and interest obligations on bonds held by EPFO.The total interest default on the non-convertible debentures (NCDs) (secured) is Rs 534.64 crore as of November 30, 2021 Reliance Capital owes its creditors over Rs...
Centre committed to achieving universalisation of social security, says Union Minister Bhupender Yadav
Union Labour and Employment Minister Bhupender Yadav The Minister further informed that the Labour Bureau of Ministry is undertaking all-India surveys on migrant workers, domestic workers, transport sector workers, which will help in developing policies for the...
Canada’s CPP Investments seeks to sell insurance groups in strategy U-turn
Private equity firms and investment managers including Blackstone Inc, Brookfield Asset Management and KKR & Co Inc have been building up their insurance arms in the last two years. They see an opportunity to use the capital from life insurance and annuities...
NPS generated good returns for subscribers, says PFRDA Chairman
Supratim Bandyopadhyay,Chairman,PFRDA "Over a period of 12 years, the returns under equity schemes are more than 12 per cent, and in government securities, it was close to 9.9 per cent, and in corporate bonds, despite some credit events that we have seen, we have seen...
income, investments, insurance and institutional credit to drive financial inclusion:PM Modi
Prime Minister Narendra Modi “When income grows, investment becomes possible. Insurance coverage enables greater risk-taking ability and investments. Institutional credit gives wings for expansion. And We have worked on each of these pillars. When all these factors...
Centre introduces unique face recognition technology for pensioners
The Minister said that the Department of Pension has been extensively using technology to achieve this end, be it the introduction of Digital Life Certificate, the introduction of an intelligent common software "Bhavishya" for all Government of India Ministries for...
Joint bank account not mandatory for spouse pension, says govt
All banks disbursing central government pension have been advised that in case the spouse (family pensioner) opts for the existing joint bank account for credit of family pension, banks should not insist on opening a new account, it said New Delhi: Joint bank account...
EPFO empowers advisory body FIAC to take call on investment in new instruments like InvITs
Explaining the rationale behind the decision, Labour Secretary Sunil Barthwal told reporters,''If we want to provide high rate of interest then we have to follow guidelines of finance ministry. There are certain instruments (prescribed in norms) where we were not able...
EPFO net adds 15.41 lakh subscribers in Sept
Age-wise comparison of payroll data shows that the age-group of 22-25 years registered the highest number of net enrolments at 4.12 lakh during September 2021. This was followed by 18-21 years with around 3.18 lakh net enrolments. This indicates that many first-time...