Lto R--Ajay Seth, Finance secretary, Sanjay Malhotra, Governor,...
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Pension & Social Security
Latest
74% employees prioritise long-term benefits over bigger paychecks: Report
Around 74 per cent of employees interviewed stated that they would...
Govt ratifies interest rate at 8.25 pc on employees’ provident fund for FY25
EPFO, on February 28, had decided to retain the interest rate of...
Sitharaman to launch NPS Vatsalya Scheme tom
Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs NPS Vatsalya will allow parents to save for their children’s future by investing in a pension account and ensure long-term wealth with the power of compounding. NPS Vatsalya offers flexible...
Govt to extend social security benefits to gig and platform workers: Mandaviya
"Our government is fully committed to the well-being of gig and platform workers, who form a crucial part of our workforce. We are working on a comprehensive strategy to provide them with the social security they deserve.An online window will be made available for...
Wages of Assam tea workers meagre shortcomings in welfare scheme implementation CAG report
Shortcomings in facilities such as hospitals, schools, canteen, creche, recreation club and housing accommodation as compared to the specifications notified by the state government were also observed by the auditors. Guwahati: Wages of tea garden workers in Assam are...
‘Infant attrition’ rising, accounts for 10-15% of labour movement: Report
"Infant attrition in India, mainly seen in the 22-32 years age group, is growing annually at 4-5 per cent and is mostly driven by factors like poor work-life balance and flexibility, which is particularly important to younger workers, job dissatisfaction, inadequate...
Maharashtra govt approves UPS for its employees; gives nod to Rs 7k cr river link plan
As per the Maharashtra cabinet’s decision, UPS will be effective from March this year and will benefit all state government employees, an official said Mumbai: The Maharashtra cabinet on Sunday decided to implement for state government employees the Unified Pension...
Unified Pension Scheme provides benefit of both old and new pension schemes: Govt
Government says the Unified pension scheme has the advantages of the previous old pension scheme and features of the new pension scheme. The UPS has provisions for a fixed pension amount, a guaranteed and predetermined sum of money that a retiree will receive...
Cabinet approves 50% of salary as pension for 23 lakh central govt employees, to be effective from Apr 1, 2025
Ashwini Vaishnaw, Union Information and Broadcasting Minister While announcing the details of the scheme, Ashwini Vaishnaw, Union Information and Broadcasting Minister said, "Today the Union Cabinet has approved Unified Pension Scheme(UPS) for government employees,...
Indian port workers call for strike over pay and pension demands
Around 20,000 workers are part of the group of port workers' unions, and all of them would join the strike. The immediate impact of the strike might not be grave, but if it goes on for more than two to three days, the ramifications would be severe, said Sathya...
Nagaraju Maddirala appointed as new DFS Secy
Nagaraju Maddirala, Secretary-Designate, Department of Financial Services A few issues concerning the insurance industry, Maddirala will look into, with priority, soon after taking over as the secretary are- pending reforms measures which need amendments of various...
LIC’s net profit rises almost 10 % to Rs 10,461 crore in Q1 fy25
Siddhartha Mohanty, CEO & MD, LIC Siddhartha Mohanty, CEO & MD, LIC, said, “The momentum around increasing share of non par products within individual segment continues and our non par share, on an APE basis, within the individual business has increased to...