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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 ..
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 ..
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 ..
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 ..
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 ..
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 ..
The Union Cabinet has recently raised the government’s contribution to National Pension Scheme (NPS) to 14% of basic salary from the current 10%. However, minimum employee contribution will remain at 10%. The Cabinet also allowed government employees to commute 60% of the fund accumulated at the time of retirement, up from 40% at present. Also, ..
The conference on implementation of National Pension System (NPS) by the Central Autonomous Bodies (CABs) was held in New Delhi. It was organized by Pension Fund Regulatory and Development Authority (PFRDA). The prime objective of the conference was to provide a forum to all the CABs, where the progress in the implementation of NPS with ..