A parliamentary panel has recommended an urgent review of the Rs 1,000 minimum monthly pension under the Employees' Pension Scheme, 1995, to raise it to a more realistic and dignified level, considering the rising cost of living and the financial hardships faced by pensioners.
Giving a Diwali gift, the government has decided to implement the old pension scheme, Chief Minister Bhagwant Mann announced after a meeting of the state cabinet in Chandigarh.
Samajwadi Party president Akhilesh Yadav announced the 'Stree Samman-Samriddhi Yojana' to empower women, emphasising their importance within the PDA social coalition and promising equal opportunities and economic security.
The protesters who had gathered under the banner of the Joint Forum for Restoration of Old Pension Scheme and National Joint Council of Action said they were worried about their post-retirement future.
AIADMK general secretary Edappadi K Palaniswami has announced a series of welfare measures, including free refrigerators for rice ration cardholders, if the party wins the 2026 Assembly election in Tamil Nadu.
Haryana Chief Minister Nayab Singh Saini has refuted claims by the opposition regarding the cancellation of old-age pensions, calling them baseless and politically motivated. He assured that the government is verifying discrepancies to ensure only eligible beneficiaries receive pensions and highlighted the increase in pension amounts and the number of beneficiaries under the current regime.
There are over 1.36 lakh employees, including employees and pensioners under the new pension scheme.
After a lacklustre start, the New Pension Scheme, a safety net thrown open to all citizens of the country in May this year, is slowly picking up with as many as 843 customers joining it in the first two and a half months.
It has the scope to offer better returns to savers and help government finance important projects.
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.
Haryana Chief Minister Nayab Singh Saini inaugurated the 38th 'Vasant Utsav' in Panchkula, highlighting the state's commitment to culture, nature, and environmental conservation through various initiatives.
The Indian government reports over 93,000 vacant posts in the Central Armed Police Forces (CAPFs) and Assam Rifles, impacting law enforcement and security capabilities. Recruitment efforts are underway to address the shortfall.
The government plans to come up with a contributory pension scheme for its employees who joined service after October 2002, and set up a National Tax Tribunal to speed up settlement of disputes.
Total burden on the exchequer will increase by Rs 12,000 crore to Rs 87,217.50 crore for the year 2019-20.
Interim pension regulator PFRDA will come out with investment guidelines for its mega pension plan by the middle of this month.
Pension schemes across the world are coming under greater pressure due to low returns on investments and public reluctance to join them, chairman of Insurance Regulatory and Development Authority N Rangachary said.
The beneficiaries will get increased pensions of Rs 1,100 from July.
Priyanka Gandhi Vadra on Friday promised to restore the old pension scheme for government employees in Himachal Pradesh if the Congress was voted to power in the assembly elections.
The New Pension Scheme (NPS), launched by the government, was extended to all citizens of the country from May 1, 2009. Under the scheme, 50 per cent of the funds is allowed for investment in the stock markets.
The central government has appointed India Invest Economic Foundation, a private agency, as consultant for operationalisation of new pension scheme by this month.
The revised DTC which will introduce several changes if implemented has brought New Pension Scheme under the tax exempt net. This new change will make NPS an attractive investment opportunity.
Officials said the broad objective of the study is to evaluate the extent to which the programme has achieved its aim and find out the factors responsible for its progress and suggest remedial measures needed to overcome the difficulties.
Part of the dues has been pending since 1995-96 - the inception year of the Employees' Pension Scheme administered by the EPFO. The Centre also owes the EPFO more than Rs 1,000 crore towards the minimum pension scheme it had notified in September 2014.
The Supreme Court on Tuesday upheld the validity of controversial government pension scheme by which a certain percentage of an employer's contribution to the provident fund is diverted for pension purposes.
Of the Rs 31,820.80 crore allocated to central sector schemes and projects, only Rs 11,868.05 crore was utilised, according to the revised estimates.
Two senior Bihar government officers are under investigation after the Economic Offences Unit (EOU) discovered property documents, cash deposits, and valuable items allegedly disproportionate to their known income.
The operationalisation of the new pension scheme, scheduled to have started from April, is to be delayed as the appointment of fund mangers is being deferred till July.
Congress leader K C Venugopal has accused the CPI(M) and BJP of forming a nexus in the ongoing Kerala election, alleging a deal to help each other, while also highlighting the UDF's promises, including free bus travel for women and increased welfare pensions.
So, last year, the government decided to go ahead by allowing the NPS Trust to enter management agreements with fund managers. What benefits does the NPS offer? Who is eligible? Check it out.
TMC leader Abhishek Banerjee criticises the Union government over the hike in commercial LPG prices, accusing the Centre of 'taking' from people while the Mamata Banerjee administration provides relief. He also challenged the BJP to present a report card of its work in Rajganj constituency.
TMC leader Abhishek Banerjee criticised the Union government over the hike in commercial LPG prices, accusing the Centre of taking from the people while the Mamata Banerjee administration provides relief. He challenged the Prime Minister to release a white paper detailing central funds allocation in Cooch Behar.
Congress leader K C Venugopal has accused the CPI(M) and BJP of forming a 'nexus' in the ongoing Kerala election, alleging a tacit understanding between the parties. He also highlighted the UDF's promises, including free KSRTC bus travel for women and increased welfare pensions.
The DMK party in Tamil Nadu has released its manifesto for the upcoming Assembly elections, promising a range of welfare measures focused on women, education, and economic development, including financial assistance and job creation initiatives.
A 10-part series that explains all you want to know about how India's EPF turns a slice of your monthly salary into long-term savings, pension, and life insurance.
It, effectively, means that employees can invest more in 80C instruments. At present, employees claim tax benefits under Section 80CCD for contributions made towards NPS by both him/her and his/her employer.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions
Trinamool Congress leader Abhishek Banerjee has accused the BJP government of conspiring against Indian citizens by deleting names from electoral rolls and diverting attention from core issues.
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.
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