Nagaraju Maddirala, Secretary-Designate, Department of Financial...
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LIC’s net profit rises almost 10 % to Rs 10,461 crore in Q1 fy25
Siddhartha Mohanty, CEO & MD, LIC Siddhartha Mohanty, CEO &...
Launch of NPS Vatsalya: Securing financial future of young citizens
"The launch of NPS-Vatsalya, allowing parents and guardians to...
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.
EPFO likely to credit 8.5% interest for 2019-20 by December in one go
“It (8.5 per cent interest) would comprise of 8.15 per cent from debt income and balance 0.35 per cent (capital gain) from the sale of ETFs (exchange traded funds) subject to their redemption by 31st December, 2020,” it had said.
EPFO extends deadline to submit life certificate by pensioners till Feb 28
Presently, a pensioner can submit JPP anytime during the year up to 30th November, which is valid for a period of one year from the date of issue. All such pensioners can submit life certificates till February 28, 2021.
Asset base, subscribers under NPS rising: PFRDA
So far, nearly 8,200 corporations have registered with the NPS, while many CPSUs are also migrating to this system, the PFRDA chairman added.
Reinsurers’ pandemic losses have started to fade:Fitch
All four major reinsurers have remained well capitalised so far in 2020, which was partially achieved by the issuance of subordinated debt. This allowed for strong premium growth in reinsurance, driven by higher prices, rising demand in Asia, and an increased risk appetite.
Labour Ministry seeks feedback on draft rules under Code on Social Security
The draft rules provide for operationalization of provisions in the Code on Social Security, 2020 relating to Employees’ Provident Fund Organisation (EPFO), Employees’ State Insurance Corporation (ESIC), gratuity, maternity benefit, social security and cess in respect of building and other construction workers, social security for unorganised workers, gig workers and platform workers.
The draft rules also provide for Aadhaar-based registration including self-registration by unorganised workers, gig workers and platform workers on the portal of the Central government, the statement said.
Will ask govt to make employers’ contribution tax-free in Budget:PFRDA
“We may propose things like 14 per cent contribution by employers to be made tax free to all. Currently, it is given only to the central government employers.So we are requesting the government to give it to all the employers, whether it is state governments or other corporate entities, so that subscribers across the board can get this benefit,” Supratim Bandyopadhyay, chairman, PFRDA said
HelpAge India receives the 2020 UN Population Award’ for its outstanding service
There are an estimated 106 million elderly in India. HelpAge India provides relief through various agecare, healthcare & livelihood interventions such as – it runs one of the largest network of Mobile Healthcare Units in India, provides agecare services through care homes. It has pioneered Elder-Self-Help-Groups in rural India, for providing livelihood opportunities. It operates a national Elder Helpline service and empowers seniors through Digital Literacy workshops, so they are not excluded from the social fabric and can lead active & independent lives.