Centre extends disability compensation to all serving govt employees who suffer impairment in line of duty
The Centre has decided to extend 'Disability Compensation' for all serving government employees, if they get disabled in the line of duty and are retained in service in spite of such disablement, as part of its New Year announcements.
In a major relief to Atal Pension Yojana (APY) subscribers in the wake of coronavirus pandemic, PFRDA has allowed deferment of their contribution until June 2020
Coronavirus Outbreak: Govt allows partial withdrawal for NPS subscribers for covering expenses related to treatment of COVID-19
The Pension Fund Regulatory and Development Authority of India (PFRDA) on Friday said NPS subscribers will now be allowed partial withdrawal for covering expenses related to treatment of COVID-19
Overseas Citizens of India (OCI) will now be eligible to apply for the National Pension System at par with NRIs, the government said on Wednesday
Budget 2019: Govt proposes raising income tax exemption for NPS subscribers to 60% of corpus; new limit applicable from April 2020
Finance Minister Nirmala Sitharaman Friday proposed to exempt from income tax 60 percent of the amount received by subscribers of National Pension System on closure of account or opting out of the scheme
The common man expects the new Finance Minister Nirmala Sitharaman to provide some more incentives on personal tax
Pension fund regulator PFRDA has reached a subscriber base of 2.65 crore in its flagship National Pension System (NPS) and Atal Pension Yojana (APY) schemes and hopes to cover nearly 2.72 crore subscribers by the end of the current financial year
Arun Jaitley said changes have been made in the NPS in "larger interest of employees".
Election authorities on Monday rejected a petition of Delhi Congress chief Ajay Maken seeking cancellation of ND Gupta's nomination as the AAP's candidate for Rajya Sabha.
EPFO relaxes Jeevan Parmaan life certificate submission rules for pensioners, makes facility available at banks
EPFO says pensioners would have option of submitting digital or paper based certificate to pension drawing bank branches
With this increase of joining age, it said, the subscribers who are willing to join NPS at the later stage of life will be able to avail the benefits of pension scheme.
The finance minister also proposed that 40 percent of the pension wealth of an employee under NPS will be exempted from tax.
Reserve Bank on Thursday allowed non-resident Indians (NRIs) to subscribe to the National Pension System (NPS).
The government had first launched a CPSE ETF, comprising scrips of 10 PSUs, in March 2014 under which retail investors have to invest a minimum of Rs 5,000 to buy units.
The pension scheme for other than government employee with investment focus on corporate debt generated return of 14.19 percent while investment in government debt earned 13.52 percent, an official statement said.