According to the case details, the former soldier was enrolled in...
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Govt’s digital life certificate campaign to benefit over 1.81 lakh pensioners
The Department of Pension & Pensioners’ Welfare on Friday...
Marriage registrations in China drop for the first nine months of 2024
Earlier this year, China reported its second annual drop in...
Subscriber base of NPS, APY up 22 pc to 4.05 cr at Jan-end 2021: PFRDA
Giving a break-up of the types of subscribers under the National Pension System(NPS), PFRDA said central government employees subscriber base rose 3.74 per cent to 21.61 lakh, while state government employees base increased 7.44 per cent to 50.43 lakh at end-January 2021.
For the ‘all citizen sector’ category, the subscriber base under NPS jumped 31.72 per cent to 14.95 lakh, while for the corporate sector it rose 17.71 per cent to 10.90 lakh.
Uber defends contractors ahead of EU law on gig workers’ rights
The company has been criticized for classifying its drivers as independent contractors rather than employees entitled to rights, such as a minimum wage, paid holidays and rest breaks.Uber has a mixed record in defending its business model. It scored a victory in California in November last year when voters passed a proposition allowing it to treat its drivers as contractors. One of its biggest tests so far will be on Feb. 19 when the UK Supreme Court will rule on workers’ rights.
Govt finalises rules under 4 labour codes, reform to be a reality soon
Parliament had passed four codes on four broad codes on wages, industrial relations, social security and occupational safety health & working conditions (OSH) which would ultimately rationalise 44 central labour laws.
Labour Secretary Apurva Chandra said, “We have finalised the rules under the four codes which are required to implement the four labour codes. We are ready to notify these rules. The states are doing their work to firm up rules under the four codes.”
Family pensions upper ceiling raised from Rs 45,000 to Rs 1,25,000 per month: Jitendra Singh
As per the existing rule, if parents are government servants and one of them dies while in service or after retirement, the family pension in respect of the deceased shall become payable to the surviving spouse and in the event of the death of the spouse, the child shall be granted two family pensions in respect of the deceased parents subject to fulfilment of other eligibility conditions, the statement said.
PF taxation: Rs 62,500 cr accumulated in EPF accounts of 1.23 lakh HNIs for FY19
The Budget 2021-22 has removed the tax exemption status to interest accrued on investments in employees provident fund (EPF) exceeding Rs 2.50 lakh per annum.
The sources in the revenue department said there are a total 4.5 crore contributors in the Employees’ Provident Fund Organisation (EPFO) account. Out of these, more than 1.23 lakh accounts are of the HNIs who contribute monthly huge sums to their EPF accounts.
LIC’s prm income from P&G schemes crosses Rs 1 trillion in 10 months
This is first time ever any single vertical of the life insurance behemoth has crossed such a gigantic premium income figure successively for two years.
Pension and Group Schemes Vertical of LIC provides employees retiral funds’ management solution to the who’s who of India Inc and has been steadily holding around 80 per cent market share in new business premium post opening of the life insurance industry.
Insurer AIG pays $12 million fine in NY pension transfer probe
An AIG life insurance unit, American General Life Insurance Company, entered into four large-scale deals involving such plans and bid on several others between January 2014 and June 2019 without being licensed in New York, the regulator said.
AIG will also transfer the handling of such transactions to a New York-based subsidiary, the regulator added.
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.