Three schemes for ELI were announced in Union Budget 2024-25 as...
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AM Best maintains outlook for global reinsurance industry to positive
Property reinsurance rates and terms have been relatively stable...
EPFO playing key role in providing social security, financial stability to millions: Minister
Mansukh Mandaviya,Union Minister for Labour and Employment The...
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.
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.