Around 20 lakh pensioners to benefit from govt new pension scheme.
There are seven potential buyers, ranging from the Port Talbot steelworks' management to the UK steel industry investors Liberty House
Delhi-based Shubham Chakraborty, 32, a management graduate from XLRI, Jamshedpur, tells us how he fought anxiety and stress due to poor workplace management.
'My family members are devotees of Lord Tirumala Venkateswara. I visit the deity before making any major decisions.'
There was widespread criticism from opposition parties and the military establishment over a letter issued on September 30 which had introduced a slab-based system
Rajasthan is reeling under a huge financial burden with the state's debt having gone beyond Rs 5.59 lakh crores. Rajasthan has increased expenditure on education by 203.4 percent, by 105.4 percent on health, by 227.14 percent on housing. Its expenditure on social welfare schemes has increased by almost 2,475 per cent.
About one-fourth of the Indian population is without pension coverage and only 13 per cent of the country's paid employees are under formal pension arrangement, a survey has found.
The proposal has been discussed by Sebi's Committee on Rationalisation of Financial Resources, which favours setting up such a fund.
Dhaval Kapadia, Director, Portfolio Specialist, Morningstar Investment Adviser (India) answers queries
The full grant of OROP would raise annual military pensions to Rs 75,000 crore, only slightly less than the salary bill of Rs 93,216 crore.
The committee has termed the Employee Provident Fund Organisation's data on number of pensioners subscribed to the Employee's Pension Scheme, 1995 as 'inflated and imaginary'. Top officials of the labour ministry and the provident fund organisation were unable to explain how calculations for pensionary liability were arrived at without knowing the number of pensioners in the country.
All that you wanted to know about the new pension scheme and pension fund managers.
However, the government rejected the army's demand to implement the scheme with retrospective effect from June last year, when the Doklam face-off between Indian and Chinese armies had begun, official sources said.
The SR Abhiyan meeting held in Jaipur, Rajasthan to mark the completion of seven years of MGNREGA decided that both pensions and Mahatma Gandhi National Rural Employment Guarantee Act would be made electoral issues and political parties would be asked to take a stand before canvassing during the upcoming state and national elections.
The proposed PFRDA bill, aimed at setting up a regulator and manage a new pension system, will not allow pension schemes to invest their money in individual stocks.
Subscribers to the proposed pension funds will be given Unique Account Number to enable them to deposit their subscription in any collection centre across the country.
A combination of EPF, PPF, NPS along with equities will be a good option.
In the event of the BJP's poor performance in the assembly polls this year and in early 2025, Modi's hold will get further weakened because he will no longer remain the invincible electoral persona tightly controlling the machine at his disposal, asserts Nilanjan Mukhopadhyay.
The long-awaited Pension Bill to set up a regulator and manage the new pension scheme for government employees is likely to come up before Parliament in the forthcoming session beginning May 10.
The PFRDA is engaged in consolidating the initiatives taken so far regarding the full New Pension System and expanding the reach of distribution network.
All those years of contributions not adding up to a big reward definitely makes the scheme unappealing.
Six firms have qualified for managing EPFO funds.
The death toll of the blast at an explosives factory near Nagpur city rose to seven on Friday evening with another worker succumbing during treatment even as the owner and manager of the factory got bail soon after arrest.
The finance ministry on Tuesday made it clear that there was no move to stop pension to retired central government employees beyond 75 years of age.
The decision is likely to bring additional amount of about Rs 1,500 crore or Rs 15 billion (including interest) in the books of MTNL as refund from government for the pension that the PSU paid to its employees.
'Despite rising inflows, many NRIs lack awareness about NRO and NRE accounts and mistakenly use family accounts or invest in a relative's name.' 'Many are unaware of tax implications.'
Finance Minister Jaswant Singh said on Friday interest rates on pension funds needed to be brought in line with declining interest rates in the market.
'Compare the new slabs with the previous years to understand if your tax liability will increase or decrease after the Budget.'
A pension disbursing bank can access the portal to get digital life certificate.
'This year overall hiring has seen a slight improvement as compared to the dip seen during the last financial year.'
'No one is propagating RSS ideology as a government officer.'
Global pension funds have started investing aggressively in primary market offers. Till recently, they were not looking beyond some of the largest Indian listed companies.
Military veterans are finally set to get their dues following Defence Minister Manohar Parrikar's assertion that the 'One Rank One Pension' scheme is just weeks away from being implemented.
Seeking to dispel the impression of policy inaction, the government is likely to give a push to pension sector reform by approving changes in the proposed PFRDA Bill so that it can be taken up by Parliament for the passage in the Monsoon session next month.
Decks have been cleared for the long-awaited pension reforms with the union cabinet on Thursday giving approval to a proposal to bring in legislation for setting up a separate regulator for the sector. \n
