The standard deduction for salaried employees is proposed to be...
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Govt to launch three employment-linked schemes: FM
While presenting the Union Budget for 2024-25, Finance Minister...
Economic Survey highlights urgent need for structured elderly care policies in India
Coupled with insights from a NITI Aayog position paper, the survey...
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.
Brazil undertakes sweeping pension sector reforms
As it currently stands, the bill would set a minimum retirement age of 65 for men and 62 for women, with a transition period of 12 to 14 years. If enacted as approved by the lower house, the legislation would save the state over 900 billion reais ($236 billion) over a decade.
Govt document proposes 74% FDI in insurance
Sitharaman did not provide many details about the proposals, but there are plenty of clues about the directions the government may be heading in a government document, dated May 3, seen by Reuters. And they may be more ambitious than those made public on Friday.
FM provides relief for NPS subscribers
However, Sandip Shrikhande, CEO, Kotak Mahindra Pension Fund , said “From a NPS point of view, the budget has proved to be a bit of a dampener. 14% limit is applicable only to the Central Government’s contributions to its employee’s account. Similarly, 80C exemption on Tier II contributions is available only to Central Government employees. The good thing is that the withdrawal is now completely tax-free.”
Retirement age set to rise due to higher life expectancy: Eco Survey
“Since an increase in the retirement age is perhaps inevitable, it may be worthwhile signalling this change well in advance perhaps a decade before the anticipated shift so that the workforce can be prepared for it,” the Economic Survey for 2018-19, tabled in Parliament by Finance Minister Nirmala Sitharaman Thursday, said.