Bandhan Life Insurance has partnered with Policybazaar.com to...
Category:
Pension & Social Security
Latest
EPFO launches centralised pension system, benefitting 6.8 mn members
The Centralized Pension Payments System (CPPS) is a paradigm shift...
Labour reforms, focus on informal workers, other policies on cards in 2025
The four labour codes on social security, industrial relations,...
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.
‘
”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.
CAG pulls up Assam govt on pension scheme for families of deceased staff
”Instead of correcting these deficiencies, the state government introduced the Compassionate Family Pension(CFP) scheme which has ‘entitlement features’ and hence is not in keeping with the well laid legal principles, regarding compassionate appointments by the state,” the report said.
PFRDA pension subscriber base rises 24% to touch 4.35 crore in June
The total pension assets under management stood at Rs 6,16,517 crore as on June 30, showing a yearly growth of 32.67 percent, the Pension Fund Regulatory and Development Authority (PFRDA) said.
Welfare fraud and errors cost UK a record 8 bln pounds during pandemic
The government had to deal with an increased risk from organised crime since the start of the pandemic, the NAO said. Fraudsters hijacked people’s identities in order to make fictitious claims with payments routed into bank accounts they could access, the watchdog said.