'Coal companies must make extra voluntary contribution to staff pension fund'
Coal Mines Provident Fund Organisation commissioner Animesh Bharti told ET: “Following a recent resolution by the trustee board of the CMPFO, coal companies will soon be asked to make voluntary contribution of Rs 10 per tonne of coal produced.
ELSS, PPF, NPS, ULIP: which is the best option to save taxes under Section 80C?
We have compiled the features of these investment options - b...
Uttarakhand government mulls introducing pension scheme for acid attack survivors
There are ten acid attack survivors in Uttarakhand who live...
Army plans special pensions for 1965, 1971 war veterans: Indian Army chief General Naravane
"Some proposals have been sent to the Defence Ministry by Army Headquarters after due consideration which includes that the emergency Commissioned and Short Service Commission officers who took part in 1965 and 1971 war, should be given pension-like 'Swatantra SenSamman Pension Scheme'," Army chief said.
Economic slowdown hits jobs sector: SBI report
India is projected to create 16 lakh less jobs in FY20, according to a SBI research report.
National Pension Scheme for traders fails to gain traction
As per government data, only 84 traders and self-employed persons from Delhi have registered for the scheme so far, while 59 persons from Kerala, 54 from Himachal Pradesh, 29 from Jammu and Kashmir and two from Goa have registered. No one has registered for the scheme in Lakshadweep and Mizoram.
What happens to your EPS account when you transfer your EPF account?
According to EPF rules, 8.33 percent of the employer's contribution is diverted towards EPS account.
SoftBank in talks to sell majority stake in India renewables JV
It is considering various options, ranging from an outright sale of its 70% stake to a majority stake sale.
Pension commutation under EPFO from Jan 1
The move, which comes 10 years after the provision was withdrawn, follows a decision at a recent meeting of the EPFO’s central board of trustees and will benefit around 630,000 pensioners.
Pension, sovereign funds bring in more ‘sticky’ money
FPIs’ total AUM at $428b accounts for nearly one-fifth of the total m-cap of Indian equities.
Error of commission hurts more in market than error of omission: Navneet Munot
We have invested heavily in ETFs much ahead of time. We are investing heavily in ESG. If corporate profits have to grow 15%, you have to do the right things that the society allows you. The business community, media and all stakeholders have to work together to increase the beta of the market. Of course, alpha is the second thing.
PFRDA may become regulator for all pension products
The Finance Ministry and board of regulators have given an in-principle nod to the proposal. Once the PFRDA Act is amended, it could give powers to the regulator to manage the handling of NPS trust to the government.
Atal Pension may yield Rs 10,000 a month
The scheme provides minimum guaranteed monthly pension of ₹1,000 to ₹5,000 from the age of 60.
Atal pension Yojana may yield Rs 10,000 a month
Presently, the scheme benefiting unorganised sector workers allows enrolments for those aged between 18 and 40. The scheme also provides minimum guaranteed monthly pension of Rs 1,000 to Rs 5,000 from the age of 60.
PFRDA wants government to double tax benefit under NPS to Rs 1 lakh
The Pension Fund Regulatory and Development Authority of India (PFRDA) has also urged the government to extend the facility of of tax free contribution of 14 per cent by the central government to its employees under the NPS to all categories of subscribers.
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