Pension regulator PFRDA increases maximum age of joining National Pension Scheme (NPS) Private Sector from 60 to 65

The Pension Fund Regulatory and Development Authority (PFRDA) has increased the maximum age of joining National Pension Scheme (NPS) Private Sector from the 60 to 65 years of age to increase the pension coverage in the country. Now, any Indian ..

Voluntary Provident Fund

Voluntary Provident Fund (VPF) refers to the voluntary contribution that an employee makes towards his Provident Fund Account over and above the mandatory 12% of his basic salary. VPF is fixed at a proportion of the salary and its percentage ..

PFRDA eases registration norms for Fund Managers of NPS

With an objective to give impetus to the National Pension System (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) eased norms for registration of pension fund managers. This move will induce greater competition by removing cap on the number ..

Month: Current Affairs - July, 2012

Bihar to get Rs 560 cr credit from the World Bank for project Jeevika

The Central Govt and the Bihar Government inked pact with the World Bank for $ 100 million additional credit to intensify the ongoing Bihar Rural Livelihoods Project, Jeevika. Objective of Project Jeevika: The Project is targeted at enhancing the social ..

Month: Current Affairs - July, 2012

Govt to revisit Watershed management guidelines

The guidelines provided for Integrated Watershed Management Programme to be revised as State Governments found the current guidelines rigid and inflexible to their requirement. The States have demanded that the cost of Rs 15,000 per hectare allocated for Naxal affected ..

Month: Current Affairs - June, 2012

30 new activities brought under NREGS

The government has amended Schedule-I and Schedule-II of the Mahatma Gandhi National Rural Employment Guarantee (MGNREG) Act, 2005. There is now an expansion of the scope of activities permitted under the MNREGS by including 30 new activities. These will supplement ..

Month: Current Affairs - May, 2012