Trustees of Retirement fund body EPFO will decide tomorrow on amending the scheme to provide a minimum monthly pension of Rs 1,000, which will immediately benefit about its 28 lakh pensioners.
The pensioners have been agitating for last 18 years
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The decision taken at a meeting of the Union Cabinet presided over by Prime Minister Narendra Modi will result in an additional annual expenditure of Rs 8,450 crore, according to the defence ministry.
Ahead of the Haryana Assembly polls, the Congress on Wednesday announced seven guarantees, including the promises of a legal guarantee for minimum support price (MSP) and a caste survey, if voted to power.
Goyal also announced hiking of tax free gratuity to Rs 30 lakh from existing Rs 20 lakh for employees having service of more than five years.
The government on Tuesday announced withdrawal of the 2 per cent equalisation levy or digital tax on overseas e-commerce supplies.
EPS has had its way on most things, alliance-wise. A week earlier, he reiterated that he would not re-admit OPS and Sasikala Natarajan back in the party. It was a message not just to detractors in the AIADMK. It was even more so for the BJP leadership in Delhi. Even more important for the AIADMK was their demand for accepting EPS as the chief ministerial candidate of any alliance that the party would form, observes N Sathiya Moorthy.
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In the months of May, June and July, state and district level conventions of the SKM shall be held in every state/UT to galvanise and organise farmers and farm workers, it said.
'We cannot leave our entire unorganised sector to the vagaries of market forces.'
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A 'jatha' of 101 farmers Friday began its foot march to Delhi from their protest site at Shambhu border, but was stopped a few metres away by a multilayered barricading.
The Unified Pension System (UPS), approved by the Union Cabinet on Saturday, is "fiscally prudent" as it will be funded within the Centre's fiscal projections, according to T V Somanathan, the Cabinet Secretary-designate. Speaking to Business Standard immediately after the Cabinet nod, former finance secretary Somanathan, who headed the committee set up in March 2023 to review the National Pension System (NPS), said the UPS will not postpone pension expenditure as it will be contributory and financed each year.
The move will benefit 50 lakh (5 million) employees and 30 lakh (3 million) pensioners.
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.
The Brampton Triveni temple in Canada has cancelled a consular event after the Canadian police warned them of an "extremely high and imminent" threat level of violent protests. The Life Certificate event, organised by the Consulate General of India, Toronto, was scheduled for November 17 at the temple premises. The cancellation comes almost a week after protestors carrying Khalistani flags clashed with devotees at a Hindu Sabha temple and disrupted an event co-organised by the temple authorities and the Indian Consulate at Brampton. India condemned the attack and called for the prosecution of those involved. Relations between India and Canada have been strained since Prime Minister Justin Trudeau's allegations in September last year of a potential involvement of Indian agents in Khalistan extremist Hardeep Singh Nijjar's killing.
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Jagjit Singh Dallewal, a 70-year-old Punjab farmer leader, is on his 21st day of a hunger strike demanding the Indian government address farmers' concerns, including a legal guarantee of MSP on crops. His health has deteriorated, and doctors have recommended immediate hospitalization. However, Dallewal, a cancer patient, has refused medical treatment.
Punjab farmer leader Sarwan Singh Pandher said on Saturday that they have not received any message from the Centre for talks to address their issues and said a group of 101 farmers will again begin their march to Delhi on December 8.
A 'jatha' of 101 farmers will embark on a foot march to Delhi at 1 pm on Friday from the Shambhu border protest site, farmer leader Sarwan Singh Pandher said on Thursday.
The Punjab Police chief, Gaurav Yadav, and a senior officer from the Ministry of Home Affairs, Mayank Mishra, visited fasting farmer leader Jagjit Singh Dallewal at the Khanauri border point between Punjab and Haryana. They enquired about his health and heard his demands. Dallewal has been on a fast-unto-death since November 26 to press the Centre to accept the agitating farmers' demands, including a legal guarantee of MSP on crops. The visit came after the Supreme Court directed the Centre and Punjab government representatives to meet Dallewal and provide him medical help.
'Younger employees, who tend to have a higher risk appetite, will find NPS advantageous due to the potential gains from equity markets over time.'
A group of 101 farmers will march to Delhi on Friday from the Shambhu border protest site, farmer leader Sarwan Singh Pandher has said. The march will begin at 1 p.m. and the group will face heavy police and security presence. The farmers are demanding a legal guarantee for minimum support price of crops, a farm debt waiver, pension for farmers and farm labourers, no hike in electricity tariff, withdrawal of police cases and "justice" for the victims of the 2021 Lakhimpur Kheri violence. The farmers have been camping at the Shambhu and Khanauri border points between Punjab and Haryana since February 13 after their march to Delhi was stopped by security forces.
Dallewal has been on a fast-unto-death at the Khanauri border since November 26 to press the Centre to accept demands including a legal guarantee to the MSP on crops.
'We're hitting at the core strength of our armed forces.'
Jagjit Singh Dallewal, a farmer leader, is on an indefinite hunger strike that has entered its 34th day. The Supreme Court has criticized the Punjab government for not shifting Dallewal to a hospital, while farmer leaders have said they are following Gandhian principles and it is up to the government to decide whether to use force to evict him. The farmers are protesting for several demands, including a legal guarantee for a minimum support price (MSP) for crops. The protests have reached a decisive stage, with the SKM (Non-Political) and Kisan Mazdoor Morcha calling for a Punjab bandh on Monday.
The Centre is grappling with the question of its fiscal roadmap not only for this year but for 2018-19
'It would be reasonable to assume that Modi 3.0 would be more focused on projects and schemes which do not require any legislative change or which have the support of its coalition partners,' asserts A K Bhattacharya.
Total burden on the exchequer will increase by Rs 12,000 crore to Rs 87,217.50 crore for the year 2019-20.
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 right investment at the right age will help you enjoy a secured post retirement life.
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 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.
The government on Saturday announced a string of measures, including a pension for dependents of those having lost their lives due to COVID-19, among other benefits for the families who lost their earning members to the pandemic.
'There is uncertainty regarding job opportunities for our children after they serve for just four years under the Agnipath scheme.'
From how to open an NPS Vatsalya account to knowing how this scheme compares to investing in mutual fund or in provident fund, Ramalingam Kalirajan offers a 360-degree view and the pros and cons of investing in a scheme that has the potential to secure your child's financial well-being.
This Ulip from ICICI Prudential lets you forego your life cover.
These are market-linked pension products offered by life insurance companies. These plans are for those looking for long-term retirement plans or investment options.
Nayab Singh Saini on Wednesday staked claim to form the next government in Haryana, hours after he was unanimously elected as the leader of the Bharatiya Janata Party legislature party in the state.
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