The National Pension System (NPS) is a retirement saving scheme established in India under the Pension Fund Regulatory and Development Authority (PFRDA). Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large Cap 0.12% Axis Nifty 100 Index Fund +38.59% Invest […]
MPs’ salary hiked to ₹1,24,000 per month; daily allowance and pension increased – CNBC TV18
The Centre has approved the hike in salary, allowance, pension, and additional pension of MPs and former parliamentarians. The Ministry of Parliamentary Affairs said the hike will be effective retrospectively from April 1, 2023. The salary has been hiked ₹1,24,000 per month from ₹1,00,000; daily allowance to ₹2,500 monthly; pension to ₹31,000 per month. The […]
Explained | UPS implementation from April 1: How it differs from NPS and what employees should know – CNBC TV18
The Unified Pension Scheme (UPS) under the National Pension System (NPS) will be implemented from April 1, 2025. With guaranteed pension benefits, government contributions, and investment flexibility, UPS aims to provide financial security for central government employees post-retirement. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 […]
LIC rolls out ‘Smart Pension’ plan; sales begin tomorrow – CNBC TV18
Life Insurance Corporation of India (LIC) has unveiled its new offering, the ‘LIC’s Smart Pension’, a Non-Participating (Non-Par), Non-Linked, Individual/Group, Savings, Immediate Annuity Plan. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large Cap 0.12% Axis Nifty 100 Index Fund […]
Punjab govt announces salary hike for doctors, increased pension for acid attack victims – CNBC TV18
Punjab’s Finance Minister Harpal Singh Cheema made a series of key announcements today regarding the state’s welfare measures and recruitment initiatives. The state government has approved several significant decisions aimed at improving the financial status of various categories of employees and enhancing the state’s infrastructure. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now […]
12th Pension Adalat to resolve long-pending cases: Key details – CNBC TV18
The Department of Pension and Pensioners’ Welfare (DoPPW) will hold the 12th Nationwide Pension Adalat on Thursday (February 13). Jitendra Singh, Minister of State for Personnel, Public Grievances, and Pensions, will chair the event. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest […]
90,000 subscribers already enrolled under NPS Vatsalya since Sept 2024: DFS Secy – CNBC TV18
90,000 subscribers have been already enrolled under the NPS Vatsalya pension scheme since its launch in September 2024, M Nagaraju, the secretary of Department of Financial Services (DFS), said in a press briefing on Monday. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% […]
A look at last year’s key NPS changes ahead of Budget 2025 – CNBC TV18
As Budget 2025 approaches on February 1, expectations are high for further improvements to the National Pension System (NPS). Last year, the government made significant changes to NPS. Here’s a look at what changed: Enhanced income tax deductions for employer contributions In Budget 2024, the government increased the tax deduction limit for employer contributions to […]
National Pension Scheme: How it works and the benefits for pensioners – CNBC TV18
The National Pension System (NPS) is a retirement savings scheme launched by the Government of India under the Ministry of Finance. It is managed by the National Pension System Trust, a division of the Pension Fund Regulatory and Development Authority (PFRDA). Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio […]
On New Year, Manipur CM N Biren Singh announces 7% DA Hike for state govt employees – CNBC TV18
In what comes as a new year gift for the state government employees, Manipur Chief Minister N Biren Singh has announced a significant 7% increase in the Dearness Allowance (DA), raising it to 39% starting from January 2025. The decision is expected to provide financial relief to thousands of government workers in the state. In […]