The petitioner, who was elevated as a judge of the Allahabad High...
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India and UK to collaborate on developing financial regulations
Participants from India and UK touched upon reforms in respective...
China to expand private pension scheme nationwide from Dec 15
Those covered by public pension insurance will be allowed to open...
2 Men who conned pensioners pan India of lakhs held
Kumar also said the arrested duo used to call their targets while impersonating as treasury officer or officer looking for the pension and other allowances that a retired employee is used to get from the department.
New York’s pension fund to review oil holdings, axes more coal investments
The move by the New York state pension fund comes days after the United Nation’s Intergovernmental Panel on Climate Change reported global warming was nearly out of control, and calling its findings “a death knell for coal and fossil fuels.”
Major investors, including BlackRock have re-evaluated holdings in fossil fuel producers and prodded energy executives to reduce emissions and prepare for a lower carbon world. After completing its shale review, the New York fund plans to turn next to oil and gas pipeline and processing investments, it said.
Lower death rate pushes elderly population growth to 13.8 cr in 2021:NSO Study
Elderly in study means all those people who are of the age of 60 years and above. ”According to the Report of the Technical Group on Population Projections for India and States 2011-2036, there are nearly 138 million (13.8 crore) elderly persons in India in 2021 comprising 67 million males and 71 million females,” the NSO study ‘Elderly in India 2021’ said.
Govt probes L&T’s employee welfare arm for alleged fraud
The probe follows complaints by a group of employees who alleged that the company deducted contributions from their salaries with the assurance of giving them equity shares of Larsen & Toubro, India’s biggest engineering conglomerate, but instead gave them redeemable preference shares of LandT Welfare Co. The funds collected for employee welfare were allegedly used for expansion by L&T, according to the complaint.
Coronavirus likely to lock India’s women out of job market for years
A report by the Centre for Sustainable Employment at Azim Premji University found that 47% of women workers who lost their job between March and December – before the second wave of the virus hit in April – were made permanently redundant. That compared with around 7% of male workers, many of whom were able to either return to their old jobs or take up independent work like selling vegetables.
Long Covid may qualify as disability under federal law: Biden
“We’re bringing agencies together to make sure Americans with long Covid who have a disability have access to the rights and resources that are due under the disability law, which includes accommodations and services in the workplace and school, and our health care system so they can live their lives in dignity,” Biden said.
U.S. judge narrows focus of antitrust suit over $30 bln Aon-Willis merger
The DOJ had alleged that combining the two large insurance brokers would harm competition in reinsurance broking, retirement and pension planning and private retiree multicarrier healthcare exchanges. But the divestitures mean those no longer will be issues in the trial, according to the order
Over $157 billion deployed in last 15 months to fight Covid pandemic: World Bank
”Since the start of the pandemic, the World Bank Group has committed or mobilised a record USD 157 billion in new financing, an unprecedented level of support for an unprecedented crisis,” World Bank Group President David Malpass said.
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”But we must still do more,” he said, adding that he remains deeply concerned about the limited availability of vaccines, which are critical to saving lives and livelihoods, for developing countries.
Pension money to soon be allowed into IPOs, NSE-200 companies: PFRDA
As of now, equity investments have delivered 11.31 per cent returns, corporate debt has delivered 10.21 per cent and government securities 9.69 per cent. The total number of NPS subscribers stand at 4.37 crore as of now, with a maximum 2.90 crore being under the Atal Pension Yojana.
Allow life insurers to sell pension-based health policies: HDFC Life Chairman
”Across the world, both pension and health cover are very much part of life insurance, as they protect people from longevity and morbidity risks.Hence, allowing life insurers to distribute products such as health indemnity, NPS would help improve the much-needed insurance reach across the country,” he said.