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Association of NPS Intermediaries launched to help Indians plan early for pension With the changing demographics, rapid urbanisation and changes in family structure, early planning for pension by an individual is a necessity, senior government officials and industry leaders said on Saturday.  Nagaraju Maddirala, Secretary, Department of Financial Services (DFS), Ministry of Finance, also urged advocacy by the newly-formed Association of NPS Intermediaries (ANI) that was officially launched in the financial capital. Dr Deepak Mohanty, Chairperson of Pension Fund ...
Association of NPS Intermediaries launched to help Indians plan early for pension
Association of NPS Intermediaries launched to help Indians plan early for pension
Source: IANS
2024-12-22 09:01:59 am
EPFO gives employers final opportunity till Jan 31 to upload wage details for higher pensions  The Employees’ Provident Fund Organisation (EPFO) on Wednesday gave a final opportunity till January 31, 2025 to employers to upload wage details regarding over 3.1 lakh pending applications for Pension on Higher Wages.  Employers have also been requested to submit replies or update the information in 4.66 lakh cases by January 15, 2025 where clarification has been sought by the EPFO. The EPFO said that the final opportunity is being given as, in spite of so many extens...
EPFO gives employers final opportunity till Jan 31 to upload wage details for higher pensions
EPFO gives employers final opportunity till Jan 31 to upload wage details for higher pensions
Source: IANS
2024-12-18 03:56:51 pm
Centre issues 1.3 crore Digital Life Certificates to pensioners in Campaign 3.0 The Centre's Department of Pensions and Pensioners' Welfare has successfully concluded its Campaign 3.0 with the issuing of 1.30 crore Digital Life Certificates pensioners, according to an official statement released on Sunday.  This initiative, launched to simplify life digital life certificate submissions, particularly for super senior pensioners, has set significant milestones by leveraging innovative technologies and widespread collaboration with all the stakeholders, the ...
Centre issues 1.3 crore Digital Life Certificates to pensioners in Campaign 3.0
Centre issues 1.3 crore Digital Life Certificates to pensioners in Campaign 3.0
Source: IANS
2024-12-02 08:48:24 am
Government`s digital life certificate campaign to benefit over 1.81 lakh pensioners More than 1.8 lakh pensioners generated their digital life certificates (DLC) on the very first day, even as the government rolled out the largest-ever campaign, the Ministry of Personnel, Public Grievances & Pensions said.  The Department of Pension & Pensioners’ Welfare on Friday launched the third and the largest nationwide DLC campaign in 800 cities or districts across India from November 1-30. "This is the biggest-ever DLC campaign undertaken," said...
Government`s digital life certificate campaign to benefit over 1.81 lakh pensioners
Government`s digital life certificate campaign to benefit over 1.81 lakh pensioners
Source: IANS
2024-11-02 04:41:49 pm
Quote on Sovereign Wealth and Pension fund's investments in India from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services Below the Quote on Sovereign Wealth and Pension fund's investments in India from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services   "FIIs including endowment funds, sovereign wealth funds and pension funds have been investing in Indian equities for many years now. India has been the best performing emerging equity market during the last ten to twenty years and there is no other emerging market which provides as much diversity and growth pros...
Quote on Sovereign Wealth and Pension fund's investments in India from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Quote on Sovereign Wealth and Pension fund's investments in India from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Source: Geojit Financial Services Ltd.
2024-10-20 09:43:25 am
Vehicle insurance, pension coverage up in India’s rural households As financial inclusion improves amid rising rural consumption, the percentage of rural households with at least one member covered by any form of insurance increased significantly from 25.5 per cent in 2016-17 to 80.3 per cent in 2021-22, a government survey revealed on Thursday.   It means that four out of every five households had at least one insured member, according to NABARD’s ‘All India Rural Financial Inclusion Survey’ (NAFIS) for 2021-22. Agricultural hou...
Vehicle insurance, pension coverage up in India’s rural households
Vehicle insurance, pension coverage up in India’s rural households
Source: IANS
2024-10-11 09:33:13 am
Finance Minister Nirmala Sitharaman to launch new pension scheme `Vatsalya` for children today  Finance Minister Nirmala Sitharaman will launch the New Pension Scheme (NPS) 'Vatsalya' on Wednesday here, which will be joined by school children, according to an official statement from the Ministry of Finance.  Announced in the Union Budget 2024, the scheme will allow parents to contribute a certain amount on behalf of their children towards National Pension Scheme (NPS) to secure their future and help them develop a retirement fund. As part of the launch in New De...
Finance Minister Nirmala Sitharaman to launch new pension scheme `Vatsalya` for children today
Finance Minister Nirmala Sitharaman to launch new pension scheme `Vatsalya` for children today
Source: IANS
2024-09-18 09:27:00 am
Cabinet approves Unified Pension Scheme, 23 lakh government employees to benefit The Union Cabinet chaired by Prime Minister Narendra Modi on Saturday approved the Unified Pension Scheme (UPS) for government employees, which will provide an assured minimum pension and a family pension.  Around 23 lakh Central government employees will benefit from the Unified Pension Scheme. These employees will now have the option to choose between the New Pension Scheme (NPS) and the Unified Pension Scheme. The state governments will also be given the option to opt for the Un...
Cabinet approves Unified Pension Scheme, 23 lakh government employees to benefit
Cabinet approves Unified Pension Scheme, 23 lakh government employees to benefit
Source: IANS
2024-08-25 04:24:19 pm
Decoded: How UPS is better than old pension schemes for government employees  The Central government has introduced a new pension scheme, the Unified Pension Scheme (UPS) which will come into effect from April 1, 2025.   In UPS, the government has offered several advantages of the previous Old Pension Scheme (OPS) like assured pension, family pension and indexation benefits. This pension scheme is only for government employees unlike New Pension Scheme (NPS) which is offered to both government and private employees. Now government employees will have t...
Decoded: How UPS is better than old pension schemes for government employees
Decoded: How UPS is better than old pension schemes for government employees
Source: IANS
2024-08-25 02:24:29 pm
India approves assured pension scheme for federal government employees The Indian government approved on Saturday a pension scheme which will guarantee federal government employees 50% of their base salary as a pension, moving away from a current scheme where the payout is linked to market returns. The Modi government has been forced to reassess the current pension system, adopted after a significant fiscal reform in 2004, as some states switched back to the older, fiscally straining system of fully funding a guaranteed pension. The Unified Pension Scheme ...
India approves assured pension scheme for federal government employees
India approves assured pension scheme for federal government employees
Source: Reuters
2024-08-25 08:45:25 am
NPS has made pension accessible to everyone: PFRDA Chairman Pension Fund Regulatory and Development Authority (PFRDA) Chairman Deepak Mohanty on Friday said that the National Pension System (NPS) has made pension accessible to everyone in the country.    “Previously, pensions were a benefit exclusive to government employees. However, with the introduction of the NPS, this benefit is now accessible to everyone,” the PFRDA Chairman said while addressing an interactive session on the NPS for the corporates in Jaipur which was org...
NPS has made pension accessible to everyone: PFRDA Chairman
NPS has made pension accessible to everyone: PFRDA Chairman
Source: IANS
2024-08-10 10:14:30 am
Indian government hikes inflation-adjusted allowances for government employees, pensioners The Indian government on Thursday hiked inflation-adjusted pay and allowances for 11.7 million employees and pensioners by 4%, a move that is likely to cost the exchequer 128.69 billion Indian rupees ($1.56 billion) annually, a minister said. The increases to the 'dearness allowance', part of monthly wages and pensions, provides a cushion against rises in the cost of living. They will be backdated to Jan. 1, 2024, trade minister Piyush Goyal said. The decision to hike the allowa...
Indian government hikes inflation-adjusted allowances for government employees, pensioners
Indian government hikes inflation-adjusted allowances for government employees, pensioners
Source: Reuters
2024-03-08 10:42:23 am
Tax benefits for startups, sovereign wealth & pension funds extended to March 2025 In a respite for the startup ecosystem, the Centre on Thursday announced to extend tax benefits for startups and investments made by sovereign wealth and pension funds to March 2025. Certain tax benefits to startups and investments made by sovereign wealth or pension funds as also tax exemption on certain incomes of some International Financial Services Centre (IFSC) units are expiring on March 31 this year. “To provide continuity, I propose to extend the date to 31.3.2025,”...
Tax benefits for startups, sovereign wealth & pension funds extended to March 2025
Tax benefits for startups, sovereign wealth & pension funds extended to March 2025
Source: IANS
2024-02-01 02:33:37 pm