Around 20,000 workers are part of the group of port workers'...
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Nagaraju Maddirala appointed as new DFS Secy
Nagaraju Maddirala, Secretary-Designate, Department of Financial...
LIC’s net profit rises almost 10 % to Rs 10,461 crore in Q1 fy25
Siddhartha Mohanty, CEO & MD, LIC Siddhartha Mohanty, CEO &...
India to fall below Bangladesh in terms of per capita GDP in 2020
Going by the latest IMF estimate, India would be the third poorest nation in South Asia, with only Pakistan and Nepal reporting lower per capita GDP, whereas Bhutan, Bangladesh, Maldives, and Sri Lanka would outpace India.
However, India, Asia’s third-largest economy, is likely to bounce back with an impressive 8.8 per cent growth rate in 2021, thus regaining the position of the fastest growing emerging economy, surpassing China’s projected growth rate of 8.2 per cent, the IMF said.
Govt scraps requirement of min 7 year continuous service for enhanced family pension
Further, the family of armed forces personnel who died within 10 years before October 1, 2019, without completing continuous service of seven years, would be getting the enhanced ordinary family pension,
U.S. pension funds sue Allianz after $4 bln in coronavirus losses
Market panic around the virus that resulted in billions in losses earlier this year scarred many investors, but no other top-tier asset manager is facing such a large number of lawsuits in the United States connected to the turbulence.
In March, Allianz ALVG.DE was forced to shutter two private hedge funds after severe losses, prompting the wave of litigation the company says is “legally and factually flawed”.
Together, the various suits filed in the U.S. Southern District of New York claim investors lost a total of around $4 billion.
EPFO records 8.45 lakh new enrolments in July
Latest data released on Sunday showed that net new enrolments in April were in the negative zone at (-) 61,807 against the figure of 20,164 released in August. This means that the number of members who exited the EPFO subscription was more than the number of people who joined or rejoined the scheme.
PFRDA wants more players and higher cost structure for NPS fund managers: Chairman
“Hopefully, we will not be restricting the numbers but there will be some entry barriers to see that only very serious players should come,” said Bandyopadhyay on Friday while addressing an virtual Insurance and Pensions Summit hosted by the CII .
EPFO decides to credit part of 8.5% interest for FY20: Report
The decision to provide 8.15 per cent interest on EPF has been taken at the Employees’ Provident Fund Organisation’s (EPFO) trustees meet held on Wednesday, a source told PTI.
The remaining 0.35 per cent rate of interest on EPF for 2019-20 would be credited into the subscribers account in December this year, the source further said.
Cabinet discusses labour reforms, to push remaining 3 Codes in Monsoon session
Earlier this month, Labour Minister Santosh Gangwar had indicated that remaining three labour codes on industrial relations, social security and occupational safety and health would be tabled in the ensuing Monsoon session of Parliament.
Dubai dusts off a two-year-old plan to lure wealthy retirees as expats begin to move out
Dubai could be a pricey destination for pensioners and is likely to face stiff competition from countries like Spain, Costa Rica and Malaysia, which tend to have a lower cost of living and cheaper medical expenses.
LIC launches new Annuity Plan
he policyholders have an option to choose a type of annuity from 10 available options on payment of a lump sum amount.
The annuity rates are guaranteed at the inception of the policy and annuities are payable throughout the life time of annuitants.
India’s IFSCA gets members from 4 regulators,to regulate financial markets in IFSCs
The centre has notified the names of T.L.Alamelu,member, IRDAI, Indrani Banerjee,executive director,Reserve Bank of India(RBI), Sujit Prasad,executive director,Securities and Exchange Board of India(Sebi),Ananta Gopal Das,executive director,Pension Fund Regulatory and Development Authority(PFRDA), as members of IFSCA)