EPFO records 8.45 lakh new enrolments in July

Indian News       Sep 20, 2020

  NEW DELHI : Net new enrolments with retirement fund body EPFO rose to 8.45 lakh in July from 4.82 lakh in June 2020, according to its latest payroll data, providing a perspective on employment in the formal sector amid the COVID-19 crisis. Provisional payroll data...

Supratim Bandyopadhyay,chairman,PFRDA

PFRDA wants more players and higher cost structure for NPS fund managers: Chairman

Indian News       Sep 18, 2020

  New Delhi: Supratim Bandyopadhyay, chairman,Pension Fund Regulatory and Development Authority (PFRDA), has indicated the cost structure of pension fund managers and intermediaries of the the National Pension System (NPS) was likely to change soon and much awaited requests for proposals(RFP) for pension fund managers could...

EPFO decides to credit part of 8.5% interest for FY20: Report

Indian News       Sep 09, 2020

Retirement fund group EPFO on Wednesday decided to credit a part of 8.5 per interest on employees provident fund (EPF) for 2019-20 into the account of its around 60 million subscribers. The decision to provide 8.15 per cent interest on EPF has been taken at...

Cabinet discusses labour reforms, to push remaining 3 Codes in Monsoon session

Indian News       Sep 08, 2020

New Delhi: The Union Cabinet is believed to have discussed labour reforms in detail on September 8 so that the remaining three Codes pending in the Lok Sabha could be pushed for Parliament nod during the Monsoon session beginning on Monday. "The Union Cabinet headed...

Dubai dusts off a two-year-old plan to lure wealthy retirees as expats begin to move out

Facts       Sep 05, 2020

  Dubai is looking to attract retirees by gearing up a program first started two years ago that’s taken on greater urgency as the Middle East business hub contends with the flight of expatriates amid an economic downturn. Foreigners over the age of 55 will be...

Supratim Bandyopadhyay, Chairman,PFRDA 

PFRDA mulling launching minimum assured return-based pension scheme

Indian News       Aug 30, 2020

  New Delhi:: The Pension Fund Regulatory and Development Authority (PFRDA) is working on a minimum assured return-based pension scheme, its Chairman Supratim Bandyopadhyay said. The pension authority is in talks with pension funds and actuarial firms to work out the modalities of the proposed scheme,...

EPFO settles 46 lakh COVID-19-related claims worth Rs 920 crore

Indian News       Aug 28, 2020

  New Delhi: Retirement fund body EPFO on Friday said it has settled 46 lakh EPF withdrawal claims and disbursed Rs 920 crore to its subscribers to meet exigencies due to the COVID-19 situation. Under Pradhan Mantri Garib Kalyan Yojna (PMGKY), the government had made a...

LIC launches new Annuity Plan

Indian News       Aug 24, 2020

  Mumbai:  State owned Life Insurance Corporation (LIC) has introduced its new LIC’s Jeevan Akshay. a single premium, non-linked, non-participating, individual immediate annuity plan with effect from 25th August, The policyholders have an option to choose a type of annuity from 10 available options on payment...

HDFC Life launches new annuity campaign

Facts       Aug 19, 2020

  Mumbai:  HDFC Life recently has launched an annuity campaign. In the quest to impact culture, a social campaign- has been created and thought leaders have been on-boarded to drive credibility, scale and the reach of the message. Dean Wei, executive creative director, W+K added,“Thinking about...

India's IFSCA gets members from 4 regulators,to regulate financial markets in IFSCs

Indian News       Jul 31, 2020

  New Delhi: The government has on Friday has nominated four more members from different regulatory entities in the domestic  financial sector, to the International Financial Services Centres Authority (IFSCA). The centre,on Friday, has notified the names of T.L.Alamelu,member, IRDAI, Indrani Banerjee,executive director,Reserve Bank of India(RBI),...

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