Maharashtra decides to scrap pension for those who were imprisoned during emergency
The Maha Vikas Aghadi on Friday announced that it had decided to stop giving pensions and said that the state’s financial condition due to Covid pandemic was the reason it had decided to stop the scheme. Announced by the Devendra Fadnavis government in 2018 the scheme was meant for those who had been jailed during the Emergency imposed between 1975 and 1977.
Soldiers’ ‘invalid pension’ clause forces Ministry of Defence to re-examine order
The MoD had announced that ‘invalid pension’ would now also...
Central, state employees join 'restore old pension' campaign on Twitter
The 'restore old pension' campaign is being spearheaded by the Nation...
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.
Atal Pension Yojana: Now you can change pension amount anytime during the year
This scheme is open to all citizens of India for joining who are in the age group of 18-40 years, through the bank-branches or post offices where they have their savings bank accounts.
Telangana government promulgates ordinance on deferment of payments to employees, pensioners
The 'Telangana Disaster and Public Health Emergency (Special Provisions) Ordinance, 2020' ordinance was promulgated by Governor Tamilisai Soundararajan on Tuesday. According to a state government gazette notification, the ordinance shall be deemed to have come into force with effect from March 24, 2020.
Amid covid struggle, TN pays Rs 10,000 a month as servant allowance to retired top officials
The Tamil Nadu government is learnt to have permitted an additional ‘servant allowances’ of Rs 10,000 per month to all retired chief secretaries and additional chief secretaries, citing petitions made since 2015 from the state IAS Officers Association and leading bureaucrats.
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.
Govt insurance firms, pension funds may power Fund-of-funds
Currently, talks are on between various government agencies such as DPIIT, and industry regulators including the Insurance Regulatory and Development Authority of India and Sebi to make this a reality.
World’s largest pension fund loses $165 bn in worst quarter
Japan’s Government Pension Investment Fund lost 17.7 trn yen in three months ended March.
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.
Modifications in National Pension Scheme financially untenable: FM
Manjeet Singh Patel demanded modification in the National Pension Scheme (NPS) so that a large part of the contributory fund, which is currently invested in the market, can be made available to governments to supplement their fight against coronavirus.
Finance Ministry proposes restriction on foreign investment in pension funds from China
The finance ministry has proposed putting restrictions on foreign investment in pension funds from any of India's bordering countries including China. Any foreign investment from these countries will be subject to approval from the government.