Tuesday, Mar 28, 2023
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Pension

IRDAI Sets Eyes On Higher Insurance Penetration, Ease Of Doing Business—Regulatory Roundup  

The Insurance Regulatory and Development Authority of India (IRDAI) has launched ‘EASE’ to improve insurance services for customers as well as boost insurance coverage in the country  

27 March 2023

HDFC Life Launches Smart Pension Plus With Guaranteed Regular Income: Know Features

HDFC Life Smart Pension Plus offers guaranteed regular income with various return and payment options for individual and joint policies

23 March 2023

Why Is Pension A Big Issue In India And France? 

Many non-BJP-ruled states have already dumped the new pension scheme (NPS) and have demanded that the central government refund the accrued NPS corpus

17 March 2023

Nirmala Sitharaman

Finance Minister Proposes Panel To Look Into Issues Related To Government Employees' Pension

While moving the Finance Bill 2023 in the Lok Sabha for consideration and passage, the minister also said the RBI will look into the issues related to credit cards payments for foreign tours not being captured under...

24 March 2023

Supreme Court

SC Says Centre Duty-bound To Comply With Verdict On OROP Dues, Draws Time Schedule For Payment

A bench headed by Chief Justice D Y Chandrachud, which at the outset refused to accept the Centre's sealed cover note on the payment of OROP dues, provided a time schedule to the Ministry of Defence to pay the arrears to the...

20 March 2023

PFRDA Lists Out Mandatory Documents For NPS Withdrawal Starting April 1, 2023

In order to make annuity payments faster after exiting the National Pension System, the Pension Fund Regulatory and Development Authority has mandated the uploading of specific documents for subscribers. Read on to find more

17 March 2023

Nirmala Sitharaman

Finance Minister Proposes Panel To Look Into Issues Related To Govt Employees' Pension

Finance Minister Nirmala Sitharaman has proposed the formation of a committee to address the issues related to pension for government employees while maintaining fiscal prudence, during the consideration and passage of the...

24 March 2023

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Many EPFO subscribers have been contributing on threshold (pensionable salary) of Rs 15,000 per month which is less than their actual pay

Government Says 1,20,279 Persons Applied To Opt For Higher Pension Till March 9

The total number of beneficiaries in accordance with the directions given in the Supreme Court judgement of November 4, 2022 will depend upon the employees exercising the joint option and the number of such employees who are...

16 March 2023

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15 March 2023
Atal Pension Yojana: Who Can Withdraw Funds And How 

Atal Pension Yojana: Who Can Withdraw Funds And How 

If investment returns exceed the guaranteed returns embedded in the Atal Pension Yojana, subscribers may request a higher monthly pension. Here’s examining...


10 March 2023
IRDAI Plans To Introduce ‘EASE’ To Deliver A Host Of Insurance Services 

IRDAI Plans To Introduce ‘EASE’ To Deliver A Host Of Insurance Services 

The themes of the third Bima Manthan revolved around customer, confidence, and convenience and supporting the insurance sector in the transition as per the...


10 March 2023
Higher Pension Option—Who Can Apply And How?

Higher Pension Option—Who Can Apply And How?

The Supreme Court held that EPS members who had not opted for higher pension contributions earlier but would like to opt now could do so within four months...


04 March 2023
These Central Govt. Employees Get One-Time Option To Return To Old Pension Scheme

These Central Govt. Employees Get One-Time Option To Return To Old Pension Scheme

The Centre has extended a one-time opportunity to select government employees to switch from the new pension scheme to the old pension scheme. But once opted,...


01 March 2023
HP Chief Minister Launches UPI E-Services For Kangra Central Cooperative Bank

HP Chief Minister Launches UPI E-Services For Kangra Central Cooperative Bank

Kangra Central Cooperative Bank launched its Swadhan-e-pension-Gov services on Wednesday under the leadership of Chief Minister Sukhvinder Singh Sukhu.


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27 February 2023
EPFO Extends Deadline To Opt For Higher Pensions To May 3

EPFO Extends Deadline To Opt For Higher Pensions To May 3

EPFO's unified members' portal currently states that the option of higher pensions is available until May 3, 2023


25 February 2023
PFRDA Announces New Tools In Central Record-Keeping Agencies For Benefit Of NPS, APY Subscribers

PFRDA Announces New Tools In Central Record-Keeping Agencies For Benefit Of NPS, APY Subscribers

The Central Record-Keeping Agencies (CRAs) will offer multiple models of interface and new processes for the allied offices to ensure maximum operational...


21 February 2023
A Few Equity And Debt Options To Build Your Retirement Corpus

A Few Equity And Debt Options To Build Your Retirement Corpus

The ideal strategy to build your retirement corpus would be to invest in a mix of debt and equity instruments. Here are a few equity and debt options you can...


20 February 2023
Funds Deposited For NPS Cannot Be Transferred To State Governments: Centre

Funds Deposited For NPS Cannot Be Transferred To State Governments: Centre

The Centre on Monday clarified that the funds deposited for National Pension Scheme (NPS) cannot be given to state governments as per the current laws by...


18 February 2023
Retirement Planning: 4 Government-Backed Pension Plans

Retirement Planning: 4 Government-Backed Pension Plans

Retirement years are righty called the golden years, when one may spend some of the best years of one's life. Therefore, it is vital to plan properly for...


16 February 2023
Govt Considering Option To Offer Guaranteed 50% Pension To Govt Employees Under NPS

Govt Considering Option To Offer Guaranteed 50% Pension To Govt Employees Under NPS

The Centre is reportedly considering the option to offer a guaranteed pension of around 50 per cent of the last pay drawn to government employees under the...


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09 February 2023
PFRDA Breathes New ‘PRAN’ In Subscribers’ NPS, Atal Pension Yojana Accounts

PFRDA Breathes New ‘PRAN’ In Subscribers’ NPS, Atal Pension Yojana Accounts

PFRDA comes out with additional services for subscribers under T+2 timeline frame. Now, subscribers can reinvest returned and unsuccessful transaction amount...


05 February 2023
Finance Secy Should Re-Examine His Theory That Housing Loans Not A Saving: Chidambaram

Finance Secy Should Re-Examine His Theory That Housing Loans Not A Saving: Chidambaram

On Sunday, Senior Congress leader and former finance minister P Chidambaram urged Finance Secretary T V Somanathan to "re-examine his theory" that a housing...


31 January 2023
Economic Survey 2022-23: Pension Literacy Poses ‘Significant Challenge’

Economic Survey 2022-23: Pension Literacy Poses ‘Significant Challenge’

The Economic Survey 2022-2023 highlighted that the country’s pension sector witnessed an expansion on the back of increase in the number of NPS and APY...


30 January 2023
Atal Pension Yojana Crosses 50 Million Enrolments, 12.5 Million Subscribers Added In 2022

Atal Pension Yojana Crosses 50 Million Enrolments, 12.5 Million Subscribers Added In 2022

The Atal Pension Yojana has crossed 50 million enrolments since its inception in 2015. In 2022 alone, more than 12.5 million subscribers enrolled for the...


23 January 2023
EPFO: These Documents Are A Must To Avail Pension If EPS 95 Pensioner Dies

EPFO: These Documents Are A Must To Avail Pension If EPS 95 Pensioner Dies

Employees’ Pension Scheme or EPS 95 refers to a social security scheme launched by the provident fund body in 1995


22 January 2023
Maharashtra Govt Positive About Old Pension Scheme For Teachers And Govt Employees: CM Shinde

Maharashtra Govt Positive About Old Pension Scheme For Teachers And Govt Employees: CM Shinde

The state education department is studying the old pension scheme, Shinde said on Saturday while addressing a campaign rally for the upcoming Legislative...


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