Pension

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Pension - Total results - 152
Retirement, pension procedures for hundreds of CAPF personnel remain halted amid government's indecision on superannuation age
India

Retirement, pension procedures for hundreds of CAPF personnel remain halted amid government's indecision on superannuation age

Hundreds of retirements and subsequent pension procedures for personnel of various Central Armed Police Forces have been stuck since May 31 as the Ministry of Home Affairs is yet to take a final decision over fixing a benchmark superannuation age in these uniformed services

Vote Junkies vs Fiscal Ninjas: Piyush Goyal's election-year Budget a Game of Thrones script with House of Cards feel
Business

Vote Junkies vs Fiscal Ninjas: Piyush Goyal's election-year Budget a Game of Thrones script with House of Cards feel

It does not take a rocket scientist to tell you that Finance Minister Piyush Goyal's Interim Budget for 20190-20 was an election year act. Nor does it require a quantum physicist to say that the fiscal deficit target has been missed.

Budget 2019: Informal sector's workers to get Rs 3,000 pension after 60 yrs of age, tax-free gratuity raised to Rs 30 lakh
Business

Budget 2019: Informal sector's workers to get Rs 3,000 pension after 60 yrs of age, tax-free gratuity raised to Rs 30 lakh

Besides, pension scheme for unorganised workers, Goyal also announced hiking of tax free gratuity to Rs 30 lakh from existing Rs 20 lakh for employees having service of more than five years.

Govt contribution to NPS raised to 14%, withdrawal made tax free, says Arun Jaitley
Business

Govt contribution to NPS raised to 14%, withdrawal made tax free, says Arun Jaitley

Arun Jaitley said changes have been made in the NPS in "larger interest of employees".

Outcome of Telangana Assembly election is likely to lie in the hands of the unorganised informal sector
Politics

Outcome of Telangana Assembly election is likely to lie in the hands of the unorganised informal sector

The Telangana government has gained some goodwill among the unorganised sector by introducing the Aasara pension scheme, through which the state provides Rs 1,000 per month to toddy tappers and weavers, and financial assistance to beedi workers.

PFRDA conducts valuation to weigh up doubling of pension limit to Rs 10,000 under Atal Pension Yojana
Business

PFRDA conducts valuation to weigh up doubling of pension limit to Rs 10,000 under Atal Pension Yojana

A proposal was made in the past to raise the pension under APY to double the limit from the existing slab of up to Rs 5,000.

Telangana Assembly polls: K Chandrashekar Rao announces 'partial manifesto' of TRS, promises farm loan waiver
Politics

Telangana Assembly polls: K Chandrashekar Rao announces 'partial manifesto' of TRS, promises farm loan waiver

On the pension scheme, K Chandrashekar Rao said the amount would be increased to Rs 2,016 per individual from the existing Rs 1,000 in Telangana

58 million Indians living without pension: Centre spends 0.04% of GDP on income security for elderly, reveals survey
India

58 million Indians living without pension: Centre spends 0.04% of GDP on income security for elderly, reveals survey

According to the National Social Assistance Programme (NSAP), 80 million elderly people in India are entitled to a pension of Rs 200 per month.

EPFO payroll data: Over 47 lakh jobs created in 10 months from September 2017-June 2018
Business

EPFO payroll data: Over 47 lakh jobs created in 10 months from September 2017-June 2018

According to the latest data uploaded today by the EPFO, the new members enrolment in June is the highest so far in the last 10 month at 7,93,308.

Reserve Bank of India staff to go on mass leave on 4 and 5 September over pension issues
Business

Reserve Bank of India staff to go on mass leave on 4 and 5 September over pension issues

The United Forum of Reserve Bank Officers and Employees on Monday said its members will go on mass casual leave on 4 and 5 September, pressing their long-pending demands over pension related issues

Independence Day speech: Corrupt, black money hoarders will not be spared, says Narendra Modi
Business

Independence Day speech: Corrupt, black money hoarders will not be spared, says Narendra Modi

The prime minister said his government would not spare the corrupt and those who have stashed black money who have ruined the country

PM Narendra Modi to launch India Post Payments Bank on 21 August; to target one branch in every district
Business

PM Narendra Modi to launch India Post Payments Bank on 21 August; to target one branch in every district

The India Post Payments Bank app which is expected to be launched on the same day will enable customers to pay for services of around 100 firms including phone recharges and bill, electricity bill, DTH service, college fees, etc., that are present on Bharat Bill payments system of NPCI

Steel ministry announces pension scheme for CPSEs; move to benefit about 1.5 lakh employees
Business

Steel ministry announces pension scheme for CPSEs; move to benefit about 1.5 lakh employees

The pension scheme is estimated to cost an additional financial burden of Rs 540 crore.

Centre could decide on pension hike for organised sector employees this week; 40 lakh EPS subscribers may benefit
Business

Centre could decide on pension hike for organised sector employees this week; 40 lakh EPS subscribers may benefit

The hike in minimum monthly pension is likely to cost the government around Rs 3,000 crore per annum

Atal Pension Yojana: Govt mulls raising benefit limit to up to Rs 10,000 per month from existing slab of up to Rs 5,000
Business

Atal Pension Yojana: Govt mulls raising benefit limit to up to Rs 10,000 per month from existing slab of up to Rs 5,000

There is a need to increase the value of pension under APY, Madnesh Kumar Mishra, Joint Secretary, Department of Financial Services (DFS), said at a conference organised by PFRDA

Money management alert: Midcourse withdrawals from retirement funds a sub-optimal solution for midlife blues
Business

Money management alert: Midcourse withdrawals from retirement funds a sub-optimal solution for midlife blues

A suitable amendment in the law would be conducive to checking one's tendency to dip into one’s retirement funds at the drop of a hat.

Centre tells Supreme Court it will grant pension to Major Generals, equivalent ranks who retired before 2006
India

Centre tells Supreme Court it will grant pension to Major Generals, equivalent ranks who retired before 2006

The Centre on Tuesday told the Supreme Court that it was ready to grant pension benefits to all Major Generals and equivalent ranks in the army, Navy and Air Force, even to those who had retired before 2006.

Pension fund regulator makes bank account, mobile number mandatory for NPS subscribers
Business

Pension fund regulator makes bank account, mobile number mandatory for NPS subscribers

PFRDA takes various initiatives from time to time in order to simplify and improve the operational issues in National Pension System (NPS), like new functionality development under NPS architecture, simplification of account opening, withdrawal and grievance management

Employee Provident Fund Organisation asks banks to not deny monthly pension for want of Aadhaar
Business

Employee Provident Fund Organisation asks banks to not deny monthly pension for want of Aadhaar

EPFO has asked banks not to deny monthly pension to people for want of biometric national ID, Aadhaar, and said that alternate means for identification should be used if needed

Govt sees 1 cr new jobs on 12% pension incentive for first three years: Labour minister Santosh Kumar Gangwar
Business

Govt sees 1 cr new jobs on 12% pension incentive for first three years: Labour minister Santosh Kumar Gangwar

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved payment for the entire 12 percent contribution for first three years for new staff