The Union government is keen to ensure financial security for unorganised sector workers
All those years of contributions not adding up to a big reward definitely makes the scheme unappealing.
'The informal sector can grow at a 100 per cent rate -- we have to plan big.'
Finance Minister Arun Jaitley announced several reforms.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries
The meeting will review annual financial performance of public sector banks, credit offtake in the economy, priority sector lending and progress made under various social sector schemes, including Atal Pension Yojana (APY) and Pradhan Mantri Jan Dhan Yojana.
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.
He advised banks to facilitate appropriate credit expansion.
The NDA government has asked states to enrol all MNREGA workers under the three newly-launched social security schemes.
Modi will address the rally at village Nagla Chandrabhan in Mathura of Uttar Pradesh, which is Upadhyay's birth place.
'Today, let us reaffirm our commitment to strive to realise Gandhiji's dreams. His watchwords, truth and nonviolence, will continue to remain relevant for the whole world. He also taught us that rights and duties are but the two sides of the coin - indeed, the true source of rights is duty. Today we recall his lessons in compassion too - compassion not only for our human neighbours but also for our other neighbours, namely, flora and fauna, rivers and mountains.'
Four recent instances help us understand why Prime Minister Narendra Modi could truly be called the chief human resources officer (CHRO) of the country.
On the International Women's Day, Prime Minister Narendra Modi on Sunday denounced crimes against women, saying "our heads hang in shame", and announced that the government is setting up 'One-Stop-Centres' besides a helpline for those facing violence, abuse or harassment.
The Budget will 'further reignite our growth engine, signalling the dawn of a prosperous future.'
Lack of awareness about the scheme, especially in villages, has created a situation where expectations are turning into disappointment.
55 million people already in the social security net
This mindless medley of products does not create choice.
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Denmark has been rated as the country with the best retirement system in the world.
NPS is a cost-effective instrument with low fund management and other fees. Unlike in mutual funds, investors get the benefit of tax-free rebalancing here.
Prime Minister Modi has said it is their small units that drive the Indian economy.
The Central Board of Trustees of Employees Provident Fund Organisation on Tuesday approved a scheme allowing subscribers to withdraw up to 90 per cent of the accruals to invest in Varishtha Pension Bima Yojana.
'India is the only country whose economy is strong and growing fast.'
'The social security system in India provides minimal support to the elderly poor,' says Geetanjali Krishna.
Eight out of about 40 schemes are with the nomenclature starting Pradhan Mantri, but except Gramin Sadak and Rozgar Yojana, most others go barely acknowledged.
Swachch Bharat and Jan Dhan grabbed more eyeballs across clusters, regardless of party in power across states.
Experts have started giving comments on provisions that the govt must make in Budget 2016-17.
He said though there was a "ray of hope", certain issues he had flagged remained unresolved.
Bureaucrats heading disinvestment and financial services usually don't get appointed as finance secretary.
Finance Minister Arun Jaitley more than halved the central government's financial support.
Following is the Facebook post of Finance Minister Arun Jaitley on one-year of the BJP-led NDA government.
Here is what you must not think before buying life insurance, says V Viswanand, Senior Director and Chief Operations Officer, Max Life Insurance
The best investment schemes fail if they don't offer incentives to intermediaries to push investors.
He also emphasised on the need for saving water and planting trees to preserve the environment.
This Budget signals a shift from a hand-out to a hand-up economy.
Rahul Gandhi on Monday sharpened his attack on Prime Minister Narendra Modi, accusing his "suit-boot" government of being pro-industrialists while ignoring the plight of farmers and farm labour
Finance minister Arun Jaitley has few feathers in his cap for taking serious eff
As Prime Minister Narendra Modi is set to deliver his third Independence Day speech on August 15, he is inviting ideas from citizens on issues he should speak on
NDA government has shunned populism.
Reaching out to different sections of society, including farmers, Prime Minister Narendra Modi has said the well-being of 'annadaata' is a priority for the government
The government should now focus on governance and monitoring the supply side to manage inflation, says M V Subramanian.
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