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India ranked 32nd at 2019 Melbourne Mercer Global Pension Index (MMGPI)

India has been ranked 32nd among 39 nations at the 2019 Melbourne Mercer Global Pension Index (MMGPI). The index is based on how they fare on providing pension and retirement benefits to citizens across different income groups. India’s index value increased largely due to the improvement in all three sub-indices of adequacy, sustainability and integrity. ..

PM Modi Launches Pradhan Mantri Kisan Maan Dhan Yojana

Prime Minister Narendra Modi launched the Pradhan Mantri Kisan Maan Dhan Yojana, a pension scheme for farmers in Jharkhand. About the Scheme The scheme is voluntary and contribution-based for farmers in the age group of 18 to 40 years. Monthly pension of Rs. 3000/- will be provided to the enrolled farmers on attaining the age ..

Akhilesh Ranjan task force on Direct Tax Code submits Report to Finance Ministry

The task force, headed by CBDT member Akhilesh Ranjan, constituted by the Union government for drafting the new Direct Tax Code (DTC) has recently submitted its report to Union Minister of Finance and Corporate Affairs Nirmala Sitharaman. The task force was constituted to replace the 6-decades-old Income Tax Act 1961. It is believed that the ..

Union Government starts registration for Pradhan Mantri Kisan Maan-Dhan Yojana

The Union Government has recently started registration for the Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY) with an aim to improve the life of Small and Marginal Farmers of the country. This scheme for farmers has been announced in the Union Budget 2019-20. The scheme is voluntary and contributory for farmers in the entry age group ..

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 ..

Sarada Kumar Hota appointed as Managing Director of National Housing Bank

Sarada Kumar Hota has been appointed as the new Managing Director of National Housing Bank (NHB) for a period of three years. Prior to this appointment, Hota was Managing Director and Chief Executive Officer of Can Fin Homes. NHB, which is now 100% owned by the government, is the nodal agency for supervision, refinance and ..

Singapore, Hong Kong and Paris jointly named as the Most expensive cities

According to the Economist Intelligence Unit’s Annual Worldwide Cost of Living survey, the title of most expensive city is shared by Paris, Hong Kong, and Singapore. This is the first time in the survey’s 30-year history that three cities are in the top spot. The report has looked at 133 cities and the cost of ..

Chhattisgarh launches an online portal ‘Aabhaar Aapki Sewa Ka’ for pensioners

The Chhattisgarh government has launched an online portal and mobile app ‘Aabhaar-Aapki seva ka (Gratitude-For Your Service)’ to provide transparency in the pension facility. Through this app and the website, 80,000 pensioners of the state will now get all the information related to pension and payment online. The pensioners will get the benefit of senior ..