The Parliamentary Panel headed by Maj. General (Retired) B C Khanduri has recently tabled its report in Parliament. In the report, the panel has recommended the 100% pension to widow of deceased soldier so that she can take care of her family. The report stated that after the death of a soldier, the pension of ..
Pension: GK, General Studies and Current Affairs
Dhirendra Swarup, who was a public interest director at the BSE, has been appointed as the new chairman of the Bombay Stock Exchange (BSE). He succeeded Sudhakar Rao. Swarup is a former Chairman of Pension Funds Regulatory and Development Authority (PFRDA) and has over four decades of experience across finance, budgeting, public debt management, public ..
The index value for India in Melbourne Mercer global pension index has improved from 40.3 in 2015 to 43.4 in 2016 because of an increase in the net replacement rate. It is a measure of the adequacy of post-retirement income. The index was published by the Australian Centre for Financial Studies in collaboration with Mercer, ..
Totalization agreements are international social security agreements that eliminate dual social security taxation, both in the home country and the country where an employee works. Once it is signed it would benefit workers of both the countries. What is a Social Security Agreement (SSA)? A social security agreement (SSA) refers to an agreement between two countries, ..
Atal Pension Yojana was launched in June 2015 to make the geriatric population self-reliant after they have spent a lifetime working in non-pensionable jobs. With this scheme, the government wants to make the unorganized work force, which makes major chunk of India’s labour force (88%) join the National Pension Scheme. This will enable them to ..