PENSION
Will not allow forcible eviction of refugees from central government-owned land: Mamata
"We have got information that at some places in Bankura and Habra, central government organisations have put up eviction notices. But our government would not allow any such thing. We will give them (refugees) dalil (official document) in accordance with their merit," Banerjee said at the state secretariat, following a cabinet meeting.
Over 40 lakh subscribers enrolled under APY so far this fiscal
With the new additions, the total enrolments under the APY have crossed 2.63 c...
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NPS debt investments have beaten mutual funds: How investors should realign portfolios
The presence of government bonds and corporate bonds has added much value for NPS subscribers. These two segments have outperformed corresponding mutual fund categories across time frames. Here's what experts suggest regarding realigning NPS portfolio.
Govt scraps requirement of min 7 year continuous service for enhanced family pension
If the service personnel dies after his or her release, retirement, discharge or invalidment, the EOFP is given for seven years from the date of death or up to the time when the personnel would have reached 67 years of age, whichever is earlier, the ministry noted.
Recovery in formal job market pushes EPFO enrolments to 8.45 lakh in July
The payroll data, released by the ministry of statistics and programme implementation on Friday, shows the members exiting the EPFO scheme fell to 3,12,744 as against 5,70,664 in June, which has been revised upwards while those who rejoined the scheme stood at 5,47,755 compared to 5,14,659 in June.
EPF vs NPS: Who should move from EPF and who should stay put
Unless the problems facing the EPF are addressed, the scheme is headed for trouble and younger people should consider moving out to the more transparent and better managed NPS. The NPS also offers them the potential to earn better returns than the EPF which has a very small portion of its corpus in equities.
Contributions to National Pension System grow 6 per cent in Q1; more join up
The scheme also increased its subscriber base by 1.5% to 35 million, up from 34.5 million as of March end, with maximum additions under the Atal Pension Yojana, official data showed.
Reserve Bank to offer employees option to switch from CPF scheme to pension scheme
“This will be the last such option given to eligible serving/retired employee/ family members of deceased employees to switch over from CPF scheme to pension scheme and no further option will be given in future,” RBI said in an internal note.
Soldiers’ ‘invalid pension’ clause forces Ministry of Defence to re-examine order
The MoD had announced that ‘invalid pension’ would now also be given to those military personnel boarded out before completing their 10 years of qualifying service due to disability that was “neither attributable to, nor aggravated by military service (NANA)”.
Gold wins over new buyers from pension funds to private wealth
Managers who run long-term portfolios worth trillions of dollars are taking interest in gold as they search for returns in a yield-starved investing landscape.
Tremendous scope for Japanese banks, pension funds to invest in India: Suresh Prabhu
"Japan can also participate in India's infrastructure growth in a very significant way. We feel that India should now be the next growth story from the Japanese perspective. We can do together a lot more," Prabhu, who is also Prime Minister Narendra Modi's sherpa for the G20 summit, said.
Government proposes restrictions on foreign investment in pension funds
Foreign investment in pension funds is governed by the Pension Fund Regulatory and Development Authority and is capped at 49% via the automatic route.
EPFO to use CSCs for life certification of pensioners
Looking to bring service delivery closer to the doorsteps of Employees' Pension Scheme (EPS) pensioners, especially during the coronavirus pandemic, EPFO has partnered with CSC to provide facility to submit Digital Jeevan Pramaan, the labour ministry said in a statement.
SC to decide if divorced daughter has same right to freedom fighter family pension as unmarried one
A high court said "yes", while another ruled: "No. It is not a bounty." The Supreme Court has now agreed to settle the question. The matter was brought before the top court by Himachal Pradesh-resident Tulsi Devi (56), who has challenged a high court verdict of last year dismissing her plea for grant of freedom fighter family pension on the ground that there was no provision made in the rules.
