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East India better insured to take on retired life than other regions: Max Life Study
Notably, East India also led in National Pension System (NPS)...
Successful completion of pilot run of new Centralized Pension Payments System under EPS Scheme
Mansukh Mandaviya, Minister of Labour & Employment In CPPS,...
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.
PFRDA plans to raise max entry age for NPS to 70 yrs, logs 23 pc growth in subscriber base in FY 2020-21
For those, will be are joining the NPS beyond 60 years of age, will now be allowed to be there until the age of 75 years,
PFRDA is planning to increase the withdrawal limit for which an investor doesn’t have to by any annuities from Rs 2 lakh to 5 lakh
PFRDA has decided to go for on-tap licensing where new players fulfilling the eligibility criteria can apply for licenses any time of the year.
2 more players including Axis bank with partnership of Axis Mutual Fund will start their operations soon,
Govt may hike pension sector FDI limit to 74%; Bill likely in next session
The powers, functions and duties of the NPS Trust, which are currently laid down under the PFRDA (National Pension System Trust) Regulations 2015, may come under a charitable trust or the Companies Act, they said.
The intent behind this is to keep NPS Trust separate from the pension regulator and managed competent board of 15 members. Out of this, the majority of members are likely to be from the government as they, including states, are the biggest contributor to the corpus.
Desist from exploiting COVID-19 situation: HC to IMA members
”In the time of the current crisis faced by the country following the second wave of COVID-19, their (associations’) members should desist from exploiting the situation by overcharging the affected persons,” the court said.
Nabard staff observe strike; seek pension updation
The Forum in a statement said it is demanding benefits including full pension after 20 years of qualifying service, calculation of pension based on last pay drawn or the average emoluments for the last 10 months, whichever is more, and updation of pension with each wage revision, at par with RBI employees.
PFRDA set to revise fee structure for pension fund managers from Apr
Bandyopadhyay said as as now the fund managers are charging only one basis point for every Rs 100 that they manage.
According to these slabs, for AUMs up to Rs 10,000 crore, the maximum investment management fee will be 0.09 per cent. From Rs 10,001-Rs 50,000 crore, the fee has been capped at 0.06 per cent; Rs 50,001-1,50,000 crore at 0.05 per cent and for AUMs crossing Rs 1,50,000 crore, the management fee will be 0.04 per cent.
One year since lockdown: India still recovering from unemployment blow
The data showed that the unemployment rate had peaked to 23.5 per cent in April and remained at 21.7 per cent in May. It started tapering off from June onward when it was recorded at 10.2 per cent in the month and further improved to 7.4 per cent in July.
However, the unemployment rate again rose slightly to 8.3 in August and improved to 6.7 per cent in September last year, as per CMIE data.