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Canadian pension plan investment board delegation meets NIrmala Sitharaman  Finance Minister Nirmala Sitharaman on Thursday met a delegation from the Canadian Pension Plan Investment Board (CPPIB), which highlighted its investment plans in India on the long run. "Union Finance Minister Smt. @nsitharaman met a delegation from Canadian Pension Plan Investment Board (CPPIB) @cppinvestments comprising of their global senior leadership," the Finance Ministry said in a tweet. The delegation was led by John Graham, President and CEO of the CPPIB. &q...
Canadian pension plan investment board delegation meets NIrmala Sitharaman
Canadian pension plan investment board delegation meets NIrmala Sitharaman
Source: IANS
28/07/2023 10:37:58 AM
Now, Rajasthan government employees to get full pension after 25 yrs of service The Rajasthan government employees, who complete 25 years of service, will now get the benefit of full pension service. Earlier, the pension benefits were extended only after completion of 28 years of service. A decision to this effect was taken during a cabinet meeting chaired by Prime Minister Ashok Gehlot late on Tuesday night. Also, pensioners or family pensioners of 75 years will get 10 per cent additional pension allowance. To help the OBC category, the government has now de...
Now, Rajasthan government employees to get full pension after 25 yrs of service
Now, Rajasthan government employees to get full pension after 25 yrs of service
Source: IANS
7/06/2023 12:29:44 PM
Capital goods, infra sector, banking are the hot FPI favourites FPIs seem to be back with a bang. They seem to be looking at India and investing all over again. One needs to understand where they are investing and also what could be prompting the same. NIFTY FIFTY, as the index is popularly known as, is skewed in favour of the financial sector and banks with roughly over 40 per cent weightage. Very clearly, if one is bullish on India and its stock markets and not so on the banking space or banks, things will just not work. The infusion of capital by...
Capital goods, infra sector, banking are the hot FPI favourites
Capital goods, infra sector, banking are the hot FPI favourites
Source: IANS
28/05/2023 12:37:11 PM
Enrolments under Atal Pension Yojana cross 5 cr mark, up 20% in 2022-23 Total enrolment under the Atal Pension Yojana (APY) crossed the 5.20 crore mark as on March 31, 2023. According to Finance Ministry sources, the scheme enrolled more than 1.19 crore new subscribers in 2022-23 as compared to 99 lakh in the corresponding fiscal, registering a growth of 20 per cent As on date, the total assets under management (AUM) in APY is more than Rs 27,200 crore and the scheme has generated investment return of 8.69 per cent since its inception. In the public sect...
Enrolments under Atal Pension Yojana cross 5 cr mark, up 20% in 2022-23
Enrolments under Atal Pension Yojana cross 5 cr mark, up 20% in 2022-23
Source: IANS
27/04/2023 4:05:22 PM
India`s pension scheme review must prioritise fiscal prudence, development spending-Economists  The federal government's decision to review the pension scheme for its employees must not come at the cost of prudent fiscal management, economists told Reuters on Tuesday. They feared that a higher share of government revenues going towards salaries and pensions will compromise development expenditure. The centre's decision to review the pension system - a committee for which was set up last week - follows a move by a few large states to revert to an older scheme. Unde...
India`s pension scheme review must prioritise fiscal prudence, development spending-Economists
India`s pension scheme review must prioritise fiscal prudence, development spending-Economists
Source: Reuters
11/04/2023 3:49:59 PM
India`s pension fund body recommends marginal hike in interest rate on deposits India's pension fund body on Tuesday recommended marginally increasing the interest rate on deposits with it to 8.15% for the current financial year from 8.1% in the previous year, the labour ministry said in a statement on Tuesday. Last year's interest rate was the lowest in nearly 25 years. The interest rate would be officially notified in the government gazette after the finance ministry's approval. The rate for the 2022/23 year ending March 31 was recommende...
India`s pension fund body recommends marginal hike in interest rate on deposits
India`s pension fund body recommends marginal hike in interest rate on deposits
Source: Reuters
28/03/2023 12:17:48 PM
Over 1.2 cr EVs sold in 2022 globally, may reach 1.7 cr by 2023 end The global passenger electric vehicle (EV) sales rose by 53 per cent (year-on-year) in Q4 2022 to bring the year's total to over 10.2 million (more than 1.2 crore) units, a report showed on Monday. Tesla's Model Y remained the best-selling model globally followed by China-based BYD's Song model. During Q4 2022, battery EVs (BEV) accounted for almost 72 per cent of all EV sales, while plug-in hybrid EVs (PHEVs) accounted for the rest, according to Counterpoint Research. Ac...
Over 1.2 cr EVs sold in 2022 globally, may reach 1.7 cr by 2023 end
Over 1.2 cr EVs sold in 2022 globally, may reach 1.7 cr by 2023 end
Source: IANS
7/03/2023 10:41:20 AM
Integrated Pensioners' Portal to ensure ease of living for senior citizens With a view to mitigate the problems faced by pensioners, many portals will be merged into one. Union Minister of State, Personnel, Jitendra Singh said that the Department of Pension & Pensioners' Welfare has decided that all the pension portals like Pension Disbursing Bank portals, ANUBHAV, CPENGRAMS, CGHS etc. will be integrated into a single portal in the form of the newly created "Integrated Pensioners' Portal" to ensure "Ease of Living for the elder citizens...
Integrated Pensioners' Portal to ensure ease of living for senior citizens
Integrated Pensioners' Portal to ensure ease of living for senior citizens
Source: IANS
7/03/2023 10:25:39 AM
India`s pension regulator proposes bringing gig workers into pension fold -chairman India's pension fund regulator has recommended the federal government introduce a UK-like pension scheme for the country's gig workers, a move aimed at bringing about 90% of the overall workforce into the pension fold, its chairman told Reuters. The Pension Fund Regulatory and Development Authority (PFRDA), which manages over $102 billion in assets, has proposed that workers at food and cab aggregators be automatically enrolled into the National Pension Scheme (NPS), Chairman Supra...
India`s pension regulator proposes bringing gig workers into pension fold -chairman
India`s pension regulator proposes bringing gig workers into pension fold -chairman
Source: Reuters
28/12/2022 9:29:33 AM
India`s pension regulator proposes bringing gig workers into pension fold -chairman India's pension fund regulator has recommended the federal government introduce a UK-like pension scheme for the country's gig workers, a move aimed at bringing about 90% of the overall workforce into the pension fold, its chairman told Reuters. The Pension Fund Regulatory and Development Authority (PFRDA), which manages over $102 billion in assets, has proposed that workers at food and cab aggregators be automatically enrolled into the National Pension Scheme (NPS), Chairman Supra...
India`s pension regulator proposes bringing gig workers into pension fold -chairman
India`s pension regulator proposes bringing gig workers into pension fold -chairman
Source: IANS
27/12/2022 3:22:15 PM
J&K: Applications for pension under ISSS to be submitted online now The J&K Department of Social Welfare on Saturday informed that applications for grant of pension under the Integrated Social Security Scheme (ISSS) shall be submitted online and the beneficiaries are no longer required to visit the offices of the department. As per a communique issued here, the Department of Social Welfare had already accorded sanction to the implementation of the J&K Integrated Social Security Rules 2022 vide an order dated September 8, as per which applications f...
J&K: Applications for pension under ISSS to be submitted online now
J&K: Applications for pension under ISSS to be submitted online now
Source: IANS
25/12/2022 11:33:17 AM
India`s Nifty could post 5% gains next year -BofA Securities India's benchmark Nifty 50 index will rise roughly 5% next year, which would be its slowest growth in 5 years, BofA Securities estimated, but also said Indian stocks were a good bet if a global recession struck. BofA Securities expects the bluechip index to close at 19,500 points next year, while continuing to be volatile and trade between 17,000 and 20,000 levels for the year. The Nifty 50 index is up slightly more than 7% at 18,584 so far in 2022, after three straight years of dou...
India`s Nifty could post 5% gains next year -BofA Securities
India`s Nifty could post 5% gains next year -BofA Securities
Source: Reuters
13/12/2022 4:07:17 PM
Subscription amount to GPF in respect of subscriber not to be less than 6% of emoluments The Department of Pension and Pensioners Welfare, Ministry of Personnel said that in accordance with the General Provident Fund (GPF) Central Services rules, the amount of subscription to the GPF in respect of a subscriber shall not be less than six per cent of the emoluments and not more than total emoluments of the subscriber. The department has said that the sum of the monthly subscription by a subscriber under the GPF during a financial year together with the amount of arrear subscript...
Subscription amount to GPF in respect of subscriber not to be less than 6% of emoluments
Subscription amount to GPF in respect of subscriber not to be less than 6% of emoluments
Source: IANS
13/10/2022 11:59:19 AM
UK pension funds almost collapsed amid market meltdown: Bank of England London, Oct 6 Pension funds managing vast sums on behalf of retirees across Britain came close to collapse amid an "unprecedented" meltdown in UK government bond markets after Kwasi Kwarteng's mini-budget, the Bank of England has said, the media reported. Explaining its emergency intervention to calm turmoil in financial markets last week, the central bank said pension funds with more than 1 trillion pounds invested in them came under severe strain with a "large num...
UK pension funds almost collapsed amid market meltdown: Bank of England
UK pension funds almost collapsed amid market meltdown: Bank of England
Source: IANS
6/10/2022 8:57:49 PM
US pension funds brace for grim results from investments in private equity Public pension funds are already reporting big losses in 2022. Things are likely to get uglier, media reports said. That is because the funds, which manage around $5 trillion in retirement savings for the US teachers, firefighters and other public workers, haven't yet factored in second-quarter returns on private equity and other illiquid investments, Wall Street Journal reported. "You should expect sometime over the next three to four quarters to see write-downs in the illiqui...
US pension funds brace for grim results from investments in private equity
US pension funds brace for grim results from investments in private equity
Source: IANS
25/09/2022 9:25:24 AM
EPFO adds 15.32 lakh net subscribers in March' 22, 7 lakh below 25 yrs Amid allegations of rising unemployment, the Labour Ministry on Friday said that the EPFO has added 15.32 lakh net subscribers in March 2022, as per the provisional payroll data, an increase of 2.47 lakh net subscribers over February 2022. The data states that of the net subscribers added during the month, around 9.68 lakh new members have been covered under the provisions of EPF and MP Act, 1952 for the first time. The new member addition has increased by 81,327 in March 2022 as compared ...
EPFO adds 15.32 lakh net subscribers in March' 22, 7 lakh below 25 yrs
EPFO adds 15.32 lakh net subscribers in March' 22, 7 lakh below 25 yrs
Source: IANS
21/05/2022 11:07:10 AM
1,905 freedom fighters get pension in Tamil Nadu A total of 1,905 persons -- freedom fighters and their descendants -- are drawing pension in Tamil Nadu, the government said. According to the Policy Note of the Revenue and Disaster Management Department, there are 1,905 persons -- freedom fighters and their descendents -- in Tamil Nadu who are drawing State Pension under various schemes. The government said there are 89 freedom fighters who are drawing a pension of Rs 18,000 per month and Rs 500 as medical allowance in the state. T...
1,905 freedom fighters get pension in Tamil Nadu
1,905 freedom fighters get pension in Tamil Nadu
Source: IANS
18/04/2022 4:07:57 PM
SWF and public pension fund assets hit record $31.9 trillion - report By Karin Strohecker LONDON - Assets held by the world's sovereign wealth and public pension funds rose to a record $31.9 trillion in 2021 thanks to rising U.S. stock and oil prices, and investments rose to their highest for several years, an annual report released on Saturday showed. The report on state-owned investment vehicles by industry specialist Global SWF found that the assets managed by sovereign wealth funds rose 6% over the year to $10.5 trillion, while those of public pen...
SWF and public pension fund assets hit record $31.9 trillion - report
SWF and public pension fund assets hit record $31.9 trillion - report
Source: Reuters
1/01/2022 11:10:00 AM