Notably, East India also led in National Pension System (NPS)...
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Pension & Social Security
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Successful completion of pilot run of new Centralized Pension Payments System under EPS Scheme
Mansukh Mandaviya, Minister of Labour & Employment In CPPS,...
HC allows disability pension to diabetic former army man
According to the case details, the former soldier was enrolled in...
Over 500 children orphaned in India due to second wave of Covid
The central government is constantly monitoring all these orphaned children in coordination with the state governments. For the care and well-being of such orphaned children, Rs 10 lakh has been released to each district across the country, through the Non-Institutional Child Care Fund.
Air India unions seek forensic audit of PF trusts
”It has come as a shock to all of us unions, many of whom were not involved or aware of the day to day functioning of the Provident Fund trusts of Indian Airlines and Air India that huge losses have been incurred by both trusts, due to questionable investments in companies like ILFS and Dewan Housing, among others, which collapsed,” the unions said in the e-mail, accessed by PTI.
The Forum claims representation of over 10,000 Air India staff members comprising pilots, engineers, cabin crew and ground staff.
As China grows old, elder care costs loom large
According to the National Bureau of Statistics (NBS), in about 25 years, one-third of China’s population will be retirees, and their living and health care expenses will take up one-fourth of the country’s Gross domestic product (GDP). Moreover, China’s increasing elderly population will reduce the supply of labor force and increase the burden on families’ elder care and the pressure on the supply of basic public services.
MHA asks states, UTs to strengthen facilities for vulnerable groups, kids orphaned due to COVID-19
The Centre has asked states and union territories to ”immediately review” the existing facilities for such groups, especially for children who have been orphaned, senior citizens who may require timely assistance and support (medical as well as safety and security), and members of the scheduled castes/scheduled tribes who may need guidance to access government-supported facilities.
PFRDA subscriber base jumps over 23% to 42.7 million by April 2021
The assets under management (AUM) of these two schemes jumped by more than 36 per cent to Rs 5.90 lakh crore by the end of first month of the current fiscal year 2021-22. Of this, the AUM of APY scheme moved up by 47.4 per cent to Rs 16,136 crore.
MP: Free education, pension to kids orphaned due to COVID-19
He noted that the COVID-19 pandemic has severely hit many families. Children have lost their parents, while aged people are left alone as those taking care of them died due to the viral infection.
“Our government will stand by such children and families and provide Rs 5,000 pension per month to them,” Chouhan said.
Slum-dwellers, homeless people move Delhi HC for direction to provide food, shelter, financial help
“As per the report 1.77 million Indians are homeless and 40 per cent of them are even getting no lockdown relief,” the plea stated.
“The problem is especially acute for homeless women who are malnourished and suffer from various other diseases, mental health issues and risky pregnancies. With hospitals overburdened with COVID-19, the issue of accessibility is likely to be worse now,” the plea read.
Gig-economy riders in Spain must become staff within 90 days under new rule
The decree, which was agreed on with trade unions and business associations, aims to clarify the legal situation of thousands of riders after Spain’s Supreme Court ruled last year that companies must hire them as employees.
A debate on how to regulate workers’ rights in the gig economy is unfolding globally. The European Commission has opened a public consultation period on potential EU-wide rules.
EU asks if Aon rival Gallagher, others are right buyers for assets -sources
Earlier this month, Aon offered to sell assets in five European Union countries, Willis’ reinsurance arm and its German retirement benefits and consulting business, people with direct knowledge of the matter had told Reuters.
The package of concessions to the European Commission also included Willis’ insurance broking activities in France, including French unit Gras Savoye, as well as in Germany, Spain and the Netherlands.
EPFO net new enrolments grow nearly 20% to 1.2 million in February
Despite COVID-19 pandemic, the EPFO has added around 69.58 lakh net subscribers during the current financial year (till February 2021). During 2019-20, the number of net new subscribers rose to 78.58 lakh as compared to 61.12 lakh in the preceding fiscal, the data showed.