She said as the number of individuals, aged 60 and above, is...
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Pension & Social Security
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Household savings are choosing mutual funds, insurance and pension funds over banks to invest savings: RBI Governor
``While bank deposits continue to remain dominant as a percentage...
Term Insurance: Multiple features with flexible options
Several term plans come with the flexibility of being converted...
U.K. investment firm Centricus forms insurance venture with Ex-Goldman partner
Centricus is targeting for the business to manage about $100 billion of assets under management for the unit and is already scouting for deals in Europe, co-founder Dalinc Ariburnu said in a phone interview Thursday.Centricus is seeking to replicate the model that Apollo Global Management Inc. created with Athene Holding Ltd., Ariburnu said.
RBI keeps rates on hold despite economy fears
The six-member monetary policy committee (MPC) unanimously voted to hold the key repo rate at 5.15% while the reverse repo rate was also held at 4.90%.The RBI reiterated that it would maintain an accommodative stance as long as it is necessary to revive economic growth which slowed to 4.5% in the September quarter from 7% a year ago, to stand at its lowest in more than six years.
Sons-in-law, daughters-in-law too could be arraigned if they neglect senior citizens: Draft Bill
The Maintenance and Welfare of Parents and Senior Citizens (Amendment) Bill, 2019, which has been cleared by the Union Cabinet and is likely to be introduced in Parliament soon, also removes the cap of Rs 10,000 as maximum maintenance.Now those who earn more should pay more to their parents as maintenance.
Cabinet approves a single regulator for all financial services in GIFT City
“The unifed body will be headed by a chairman and each of the regulators like Reserve Banof India, Sebi, PFRDA and IRDAI will have one representaives in the single regulatory body,” said Sitharamn after th Cabinet meeting,
EPFO to launch e-inspection system to simplify process
The proposal to double minimum monthly pension Rs 2,000 under the Employees’ Pension Scheme, 1995, was deferred as employees’ representative demanded for higher amount, the source added.
IRDA begins pilot projects to boost auto insurance
Last year, the life insurance segment has grown by 11 per cent, general insurance segment has grown by 12 per cent and health segment has grown by 20 per cent, while standalone health insurers have grown by 37 per cent
12.66 lakh new jobs created in May: ESIC payroll data
During 2018-19, 61.12 lakh new subscribers on a net basis joined the social security schemes run by the EPFO. Similarly the net new enrolments were 15.52 lakh during September 2017 to March 2018.
Better career prospects, sense of fulfilment attract expats to India: Survey
“Our study shows that more professionals are choosing to work abroad, helping them achieve their ambitions and long-term financial goals, from improving their job prospects and access to better education for their children to buying property or saving more for retirement,” HSBC India Head of Retail Banking and Wealth Management Ramakrishnan S said.
Government to prepare national data on unorganised sector
There is no separate published data for unorganised sector as a whole. “However, the shrinking of unorganised sector is a positive indicator of development,” Labour and Employment Minister Santosh Kumar Gangwar said
Cabinet approves Occupational Safety, Health and Working Conditions Bill, 2019
The proposed code enhances the coverage of workers manifold as it would be applicable to all establishments employing 10 or more workers, where any industry, trade, business, manufacture or occupation is carried on, including IT establishments or establishments of service sector, the release said.