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Wages of Assam tea workers meagre shortcomings in welfare scheme implementation CAG report
Shortcomings in facilities such as hospitals, schools, canteen,...
‘Infant attrition’ rising, accounts for 10-15% of labour movement: Report
"Infant attrition in India, mainly seen in the 22-32 years age...
Above-average annual insured natural cat losses in 2020 despite multiple ‘near-misses’:Willis
In Asia, Tropical Cyclone Haishen caused under $1 billion of insured losses, well below those caused by similar storms during 2019’s cyclone season. The largest event of 2020 to hit Latin America and the Caribbean was hurricane Iota in November, with an estimated economic loss of about $1.3 billion, but a much lower insured loss.
NPS assets under management grow 33 % to Rs 4.94 lakh crore till Sep 2020:Eco Survey
According to th Economic Survey- 2020-21,maximum growth under NPS was registered by All-Citzen model/ UoS (52.3 per cent) followed by Atal Pension Yojana (APY) (46.1 per cent), Corporate Sector (34.8 per cent) and State Govt. Sector (30.7 per cent).
Investors sue AstraZeneca over share price drop on covid-19 vaccine testingprice drop on covid-19 vaccine testing
In the three days after the release of the test results in late November, AstraZeneca’s stock price dropped 5%, according to the lawsuit filed Tuesday by the public employees’ retirement system in Monroe County, Michigan.
Alleging “wrongful acts and omissions” by the company and its chief officers, the pension fund is asking to be allowed to sue on behalf of a class of all investors injured by the share price decline.
IRDAI unveils `Standard Individual Immediate Annuity Product”, to be mandatorily offered by life insurers from Apr 1
The entry age for a customer to buy an annuity product is 40 years and maximum age is 80 years.The minium annuity amount under the proposed policy will be Rs. 1000 per month, Rs. 3000 per quarter, Rs. 6000 per half year and Rs. 12000 per annum.
Though pricing is left to the insurers, annuity rates should be derived based on actuarial principles and ensure that such annuity rates are fair and reasonable to customers.
Soon customers, needing pension products, could get an opportunity to buy guaranteed return products from the National Pension System (NPS) for building their retirement corpus. So far, the NPS has remained a market-linked pension scheme.
EPFO settles 56.79 lakh COVID-19 advance claims, releases over Rs 14,000 cr till Dec
According to the source, the EPFO has settled 197.91 lakh claims related to final settlement, death, insurance, advance claims and disbursed Rs 73,288 crore till December 31, 2020.
The amount of disbursals under COVID-19 claims to subscribers is a sizable amount of over one fifth of the total disbursement during the period by the EPFO.
Over 60% of seniors want to work post-retirement, spend on leisure travel: Survey
‘Seniors in India have traditionally been a dependent demographic, post investing their life’s earnings on their kids, a stable home, etc. They often depend on the Indian joint family milieu to support them. According to the survey findings, this trend is changing,” Antara said.
Committed to protect interest of NPS subscribers: Govt
“It is stated that the introduction of National Pension System (NPS) was a policy decision of the government of India in view of the increasing pension liability of the government,” said the letter issued to Patel by the department, which comes under the Finance Ministry.
Post Office Savings Bank likely to be interconnected with other banks by April
“Besides making services digitally accessible to people, we are focussing on doorstep delivery of services. This year we remitted Rs 900 crore money through around 85 lakh transactions and verified 3 lakh pensioners on their doorstep,” Department of Posts Secretary Pradipta Kumar Bisoi said.
AXA to sell its Greece operations for €165 million
Paris: AXA announced today that it has entered into an agreement with Generali to sell its insurance operations in Greece. Under the terms of the agreement, AXA will sell its Life & Savings and Property & Casualty businesses in Greece for a total cash...
EPFO settles 52 lakh Covid-19 claims, disburses Rs 13,300 cr: Gangwar
On the implementation of labour codes, he asked the industry representatives to provide their feedback on the draft rules of three labour codes on industrial relations, social security and occupational health safety & working conditions.
The ministry has circulated the draft rules on these labour codes to seek feedback of stakeholders. These three codes were passed in monsoon session of Parliament this year.