The Pension Fund Regulatory and Development Authority Bill, 2011, provides for market based returns and wide coverage based on several investment options in the pension sector with an aim to building confidence in the subscribers.
As the Bharatiya Janata Party looks set to retain Haryana, the Congress' poll campaign, which was built around various issues including unemployment, farmers' plight and Agnipath scheme, appeared to have failed to click with a majority of the voters.
The Congress maintained that the state government had not ordered any such inquiry and it could be an internal matter of the CID. A top CID official has also said that no formal inquiry was ordered into the incident.
'Are we to believe that coordinated moves by the Canadian and US authorities are no longer taking place?', asks Ambassador M K Bhadrakumar.
In a stunning comeback, Hemant Soren's Jharkhand Mukti Morcha-led alliance on Saturday stormed to power in Jharkhand for a second consecutive term, winning 56 seats in the 81-member assembly, despite an all-out blitz by the Bharatiya Janata Party-led National Democratic Alliance which managed only 24 seats.
The Ministry of Personnel, Public Grievances and Pensions has received representations from various quarters to do away with the condition of applying for family pension through 'Form 14' as it was causing inconvenience to widows, who find it difficult and 'embarrassing' to present themselves before two gazetted officers or persons of repute for attestation.
A group of 101 farmers resumed their foot march to Delhi on Sunday to press the Centre for various demands, including a legal guarantee for Minimum Support Price (MSP). However, they were stopped at the barricading by Haryana Police who cited a prohibitory order clamped by the Ambala administration. The farmers have been pressing for various demands, including a legal guarantee for MSP, a farm debt waiver, pension for farmers and farm labourers, no hike in electricity tariff, withdrawal of police cases (against farmers), and "justice" for the victims of the 2021 Lakhimpur Kheri violence. Reinstatement of the Land Acquisition Act, 2013 and compensation to the families of farmers who died during the previous agitation in 2020-21 are also part of their demands.
The report mentioned that the government spends 2.2 per cent of the GDP on pension bill.
What some of our leaders were up to this week.
In the morning, school students in uniform were seen going to their institutions, many accompanied by guardians, the Daily Star reported.
A remarkable story which helped in transforming a bureaucratic organization, to a customer centric organization. This experience may inspire several government / private organizations to modify or adopt digitisation to transform their business, notes Professor N Ravichandran (retd).
'PPF carries minimal risk.' 'Its fixed-income nature allows investors to diversify their portfolios.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Many seniors mistakenly believe they need not file returns if tax is deducted at source (TDS) on income received. This is incorrect.
Opposition MPs in the parliamentary committee scrutinising the Waqf (Amendment) Bill are scheduled to meet Lok Sabha Speaker Om Birla on Tuesday to protest its chairperson Jagdambika Pal's alleged 'unilateral' decisions and attempts to 'bulldoze' proceedings, indicating that they may disassociate themselves from the panel.
Allocation to bank deposits -- fixed deposits, savings account deposits, and current account deposits -- came down.
For every rupee in the government coffer, the biggest pie of 63 paise will come from direct and indirect taxes, according to the Union Budget 2024-25 documents.
According to official statistics, half of India's GDP comes from as many as 420 million workers in the unorganised sector including street vendors, rickshaw pullers, construction workers, rag pickers, agricultural workers, among others. This massive workforce remains outside the purview of the formal banking and insurance industries.
A man who was ready to die for the country in his youth waits for his government to recognise his sacrifice and pay him his due in his old age.
The Centre had told the apex court that the entitlement of former MPs to get pension and other benefits was "justified" as their dignity has to be maintained.
Uttar Pradesh Chief Minister Akhilesh Yadav on Wednesday launched a unique pension scheme for the poor called the 'Samajwadi Pension' that aims to cover as many as 40 lakh people not covered under the existing 'Old Age', 'Widow' or 'Disabled' pension schemes.
Shah, while releasing the saffron party's manifesto 'Sankalp Patra' for the upcoming assembly elections in Jharkhand, announced that a Displacement Commission would be formed to ensure rehabilitation of people displaced by industries and mines in the state.
Jannayak Janta Party, which had emerged as the kingmaker last assembly polls, was decimated this time round, while the Indian National Lok Dal also failed to create much impact, with prominent leaders of both outfits Dushyant Chautala and Abhay Singh Chautala losing their seats.
A land-owning class, the Jats are a powerful community and account for 28 per cent of Haryana's population. The time, they believe, has now come for them to take revenge.
'Instead of joining us in celebrating the strikes, the MoD has stabbed us in the back,' says a top general.
Furnishing of Aadhaar is still mandatory for final settlement of pension
Here are some frequently asked questions about the one rank, one pension scheme
Making a case for reforms in the pension sector, the Economic Survey 2010-11 on Friday said the Parliament should expeditiously clear the long pending PFRDA Bill.
The pensioners have been agitating for last 18 years
Once rolled out, theaterisation will be the biggest military reform in the country. It will see the creation of unified theatre commands within the 1.7 million-strong Indian armed forces.
Addressing the nation on the 70th Independence Day from the Red Fort, the prime minister had announced a 20 per cent hike in the pension for freedom fighters.
With effect from January 1, 2006, pension is calculated with reference to average emoluments.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
This Ulip from ICICI Prudential lets you forego your life cover.
If only the movie could hold its own the way Raveena Tandon does in a cream and gold Manish Malhotra lehenga, Ghudchadhi would be half the entertainer it set out to be, feels Sukanya Verma.
The outlook for India's financial sector appears bright, but it needs to brace for likely vulnerabilities, said Economic Survey 2023-24 tabled in Parliament on Monday. The Indian financial sector is at a "turnpike moment", it said, adding that the dominance of banking support to credit is being reduced, and the role of capital markets is rising. For a country that aspires to be a developed nation by 2047, this is a long-awaited and welcome development, it said.
Ramalingam Kalirajan dives into the specifics of NPS withdrawal rules to help you understand the conditions under which and when partial withdrawals are allowed.
The continuing fiscal stimulus is heavily tilted towards capex, to the extent that it chips away a part of revenue spending. Accounting for other areas of revenue expenditure, such as salaries, pensions, subsidies and defence (committed spend), the room to spend on welfare schemes, health and education will narrow in FY22.
The state's economic health is in focus as it has consistently breached the fiscal deficit in eight of the last 10 years since Telangana's formation.
"It was high time the message was given and this strong step by the BCCI will go a long way in restoring the prestige of domestic cricket," he added.
