Retired college teachers in Bihar are facing financial difficulties as they have not received their pension for the past four months, reports M I Khan.
While Jamaat cannot take part in the elections due to the ban imposed on it by the Union home ministry, it had shown interest in participating in the polls during the Lok Sabha elections if the ban were removed.
When we look at the pension expenditure of the states, so far, there has been no gain from the NPS reform. Pension expenses as a share of total state revenue expenditure rose from 4% in 1991-1992 to 10% at the time of the NPS reform, and have risen further to about 12%, observes Ajay Shah.
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.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
The Bill envisages an authority to promote old-age income security by establishing, developing and regulating pension funds, to protect the interest of subscribers of pension funds.
After many cases of irregularities in old-age pension disbursement surfaced in Uttar Pradesh, Chief Minister Mayawati has directed authorities to lodge FIR against officials indulging in corrupt practices.
The economists who signed the letter included Jean Drze , Abhijit Banerjee, Ajit Ranade, Jayati Ghosh, Kirit Parikh, Mihir Shah, Rohini Pande, and Vijay Joshi
The Janata Dal-Secular on Tuesday charged Karnataka Chief Minister B S Yeddyurappa with violating the model code of conduct by addressing individual letters to beneficiaries of old age pension scheme and said it would complain to the Election Commission about it.
'Arithmetic could decide the Haryana election given the presence of multi-cornered contests.'
The report mentioned that the government spends 2.2 per cent of the GDP on pension bill.
With UPA facing allegations of corruption, Prime Minister Manmohan Singh on Saturday said his government wants to use new technology to curb dishonesty and bring transparency in governance.
In 2023, the number of kindergartens fell by 14,808 to 274,400, the annual report by the Chinese education ministry stated. It is the second consecutive annual decline in the latest indicator of China's falling birth rates.
The pension bill is listed in the name of Finance Minister Pranab Mukherjee in the agenda papers of the Lok Sabha for Wednesday.
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.
Equity-focused schemes may perform better in a bull market, while debt-oriented ones may offer greater stability during volatile periods.
The pension reforms Bill is likely be passed with the Bharatiya Janata Party (BJP) deciding to support it in the parliamentary standing committee. The Bill has been pending since 2005. Its revised version was tabled in the Budget session of Parliament this year.
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.
NPS aims at ensuring financial security to every citizen by encouraging them to start contributing towards the old age saving.
"There will be a spectrum of guarantees. For instance, there could be a guarantee on premiums paid or sum insured or rate of return or annuity," said an Irda official.
Prime Minister Dr Manmohan Singh has called for speedy implementation of various welfare schemes, which target the weaker sections of society.
Shortly after taking over as chief minister of Tamil Nadu, Jayalalithaa on Monday implemented her major poll promises of rice to ration card holders and BPL families, gold mangalsutra for girls getting married and carried out a major shake-up in the state police set-up.
The daily grind of looking after their children and families, albeit with no remuneration, has led housewives in Kerala to form a trade union, demanding that the government pay them a fixed salary and old-age pension for the services being rendered.
A new research study conducted in Karnataka has found the current eligibility criterion of taking household income for sanctioning of social security pensions to be inappropriate and recommended the South African model which takes into account only the earnings of the beneficiary and spouse.
As households age, they pile up debt, a peculiarity unique to Indians, a Financial Stability and Development Council report has found. Here are the key takeaways.
After publication and broadcast of the news, the district administration constituted a committee of revenue and health officials for an inquiry into the news report, the FIR said.
Government said on Thursday it is working on a scheme to provide health insurance to the poor, besides offering life and disability cover to one earning member of each economically weaker family.
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 revised bill will give statutory powers to interim regulator Pension Fund Regulatory and Development Authority to make it on par with other financial regulators -- Securities and Exchange Board of India, Reserve Bank of India and IRDA.
Governor E S L Narasimhan administered the oath of office and secrecy to the 46-year-old leader, whose party emerged victorious in 151 seats in the 175-member strong state assembly.
Of the total cash outgo Rs 40,000 crore is towards enhanced expenditure under Mahatma Gandhi National Rural Employment Guarantee Program and Rs 33,771.48 crore have been sought for direct benefit transfer under Pradhan Mantri Jan Dhan Yojana and National Social Assistance Programme.
Taking strong exception to complaints and grievances of people concerning the customs and excise sectors, Prime Minister Narendra Modi on Wednesday said strict action would be taken against erring officials.
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'Now the political boss decides, and the ED acts.'
Financial assistance of Rs 25,000 to one lakh persons going on pilgrimage to major Hindu temples, increase in maternity leave period and assistance, cut in fuel prices and steps to ban National Eligibility cum Entrance Test (NEET) were the various promises made by the Dravidian party.
He said he had so far not spoken to either the BJP or the Congress on the matter.
