Pensions Current Affairs, GK & News
Workshop on National Pension System (NPS) for Corporates
On 18 Nov, Pension Fund Regulatory and Development Authority (PFRDA) conducted a workshop on National Pension System (NPS) for Corporates in Mumbai. The workshop was organized in association of Maharashtra FICCI. The workshop revealed that overall number of NPS and APY subscribers in the country has crossed 3.12 crores with Asset under Management (AUM) of ..
Topics: Apy • Economy • Economy of India • Indian labour law • National Pension System • Pension fund • Pension Fund Regulatory and Development Authority • Pensions • Pensions in India
8.65 Per Cent rate of interest notified for EPFO Subscribers
The government has approved 8.65 per cent interest rate on employees provident fund for 2018-19. This will be credited into the accounts of over 60 million subscribers of EPFO. The government had approved an interest rate of 8.55 per cent for 201-18. Central Board of Trustees Recommendation The Central Board of Trustees which is the ..
Category: Government Schemes Current Affairs
Topics: 401 • Economy • Employees' Provident Fund Organisation • Government of India • India • Pensions
PM Kisan Maan Dhan Yojana
The Central Government has launched the PM Kisan Maan Dhan Yojana, a pension scheme for small and marginal farmers of the country. Features of the Scheme The scheme is voluntary and contribution-based for farmers in the entry age group of 18 to 40 years. Monthly pension of Rs. 3000/- will be provided to farmers on ..
Topics: Atal Pension Yojana • Economy • Finance • Money • Pension Scheme for Farmers • Pensions • Pensions in the United Kingdom • Personal finance • Pradhan Mantri Shram Yogi Mandhan • Social law
Update : Tax on Disability Pension of Military Veterans
After a ruckus in the lower house of the Parliament, Defence Minister Rajnath Singh has assured the house that he would inquire into the matter of tax on the disability pension for military veterans. Want is the issue? The Central Board of Direct Taxes had come out with a circular which stated that the disability ..
Topics: Defense • Defense Ministry • Indian Army • Pensions
New index to Assess Quality of Central and State Budgets
The Confederation of Indian Industry (CII) has come out with a Fiscal Performance Index to assess the quality of budgets presented by the Centre and state governments. Fiscal Performance Index Fiscal Performance Index (FPI) is an innovative tool which uses multiple indicators to examine the quality of Budgets at the Central and State levels. It ..
Topics: Budget • Capital Expenditure • CII • Confederation of Indian Industry • fiscal deficit • Fiscal Performance Index • fiscal prudence • FPI • FRBM Act • GDP • Human Development Index • interest payments • Pensions • revenue deficit • revenue expenditure • Subsidies • UNDP
Bihar government announces a universal old age pension scheme – Mukhyamantri Vridhajan Pension Yojna (MVPY)
On 14th of February, the Bihar government announced a universal old age pension scheme – Mukhyamantri Vridhajan Pension Yojna (MVPY) for all people above 60 years of age. The scheme will come into force from the 1st of April 2019. Except those senior citizens who have retired from government service, all will be eligible for ..
Category: Government Schemes Current Affairs
Topics: Bihar • Economy of India • Government of India • India • Madhu Babu Pension Yojana • National Social Assistance Scheme • Pensions