by AIP Online Bureau | Apr 7, 2023 | Indian News, Pension & Social Security, Policy, Workplace/Employee Benefits
TV Somnathan,finance secretary, ministry of finance The announcement came in the backdrop of several non-BJP states deciding to revert to the DA-linked Old Pension Scheme (OPS) and also employee organisations in some other states raising demand for the same The state...
by AIP Online Bureau | Mar 24, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
“I propose to set up a committee under the finance secretary to look into this issue of pension and evolve an approach which addresses the need of employees while maintaining fiscal prudence to protect the common citizens. The approach will be designed for...
by AIP Online Bureau | Feb 27, 2023 | Indian News, Pension & Social Security
In November 2022, the Supreme Court had upheld Employees’ Pension (Amendment) Scheme 2014. The EPS amendment of August 22, 2014 had raised the pensionable salary cap to Rs 15,000 a month from Rs 6,500 a month, and allowed members along with their employers to...
by AIP Online Bureau | Dec 10, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy
”We want the government to allow the mutual fund industry to manage funds of pension, provident and insurance firms. This will help the MF industry ensure greater efficiency in managing the resources in a cost-effective manner. The industry can achieve the...
by AIP Online Bureau | Nov 27, 2022 | Indian News, Pension & Social Security, Policy
”I am slightly more worried about the return to the Old Pension Scheme (OPS). I think that is more of a concern because the cost will be borne by future taxpayers and citizens, not the present,” NITI Aayog Vice Chairman Suman said New Delhi: NITI Aayog...
