FOREIGN PENSION FUNDS
Now, full pension after 15 yrs of commutation post retirement
The move is expected to benefit 630,000 pensioners and substantially increase pensions for those members of the Employees Provident Fund Organisation (EPFO) who retired before September 26, 2008 and had opted for partial commutation of pension. This will benefit such employees as it will lead to restoration of full (higher) pension after 15 years.
EPFO adds over 7.2 m accounts in 9 months
The number of accounts added by the government-managed pension fund during April-December 2019 was ...
Govt notifies higher pension for 6.3 lakh EPS pensioners who opted for commutation
As per EPS rules, an EPFO member who retired before Sept 2...
As coronavirus spreads, Indian stocks offer shelter to global funds in Asia
India is the only stock market in Asia showing positive foreign inflows for the year.
Diversification through international funds
Usually financial advisors suggest using the mutual fund route to invest in international markets for geographical diversification. Let us explore on how to go about it.
Long-term repo ops: Funds available, but will banks push credit?
RBI’s push comes even as bank credit at 7.1 per cent is at a 58-year low.
FDI is key source of capex funding
The study notes that there is an increasing preference for FDI as an alternative source of capex financing.
Investors prefer savings schemes & pension plans to risky bets: Survey
47% of those surveyed held a life insurance policy and 33% had plain-vanilla bank deposits.
FinMin pins hope on global pension funds to buy into India’s infra play
Global pension funds with $40 trillion of assets under management will now look at India’s infrastructure sector more favourably because of the elimination of dividend distribution tax (DDT), senior officials in the finance ministry said.
India-focussed offshore funds, ETFs see $2 billion outflow in December quarter
In comparison, net outflow of $1.3 billion was witnessed during the quarter ended September.
Mauritius in FATF 'grey list'; worried banks, fund advisors knock SEBI's doors
Sources said Mauritius is tapping diplomatic channels to preserve its position as a tax haven.
Donald Trump in India: Here’s why it's such a big deal
Investments by US funds form a whopping 33.21% of AUM in the Indian stock market.
CCS pension rules relaxed for central govt staff appointed just before Jan 1, 2004
This order of the government is expected to give relief to several central government employees, some of whom were knocking the doors of the courts in order to get covered under the CCS (Pension) Rules, 1972.
Supratim Bandyopadhyay appointed PFRDA chairperson
The order said Bandyopadhyay has been appointed for a period of five years, with effect from the date of assumption of charge of the post or till attaining the age of 65 years or until further orders, whichever is the earliest.
Stimulus by proxy! Will Rs 60,000 crore in consumer hands do the magic on economy?
The core thrust of this Budget was to improve the ease of doing business.
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