[ad_1] 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 […]
Finmin notifies assured pension scheme for govt employees effective from April 1 – CNBC TV18
[ad_1] The Finance Ministry on Saturday (January 25) notified the Unified Pension Scheme (UPS) which promises an assured pension of 50% of the average basic pay drawn over the last 12 months prior to superannuation. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% […]
Legal Digest: Why economic offences involving charges of corruption can’t be settled amicably – CNBC TV18
[ad_1] Case 1: No amicable settlement in economic offences involving charges of corruption, rules SC In a recent case, Anil Bhavarlal, a director of Sun Infrastructure Pvt. Ltd., along with some employees of the State Bank of India, faced criminal charges over allegations of fund diversion, fraudulent valuation of collateral, and irregular loan repayment, […]
Delhi govt launches portal for old-age pension scheme: How to apply – CNBC TV18
[ad_1] The Delhi government has unveiled a dedicated portal to streamline applications for its old-age pension scheme. Over 10,000 applications have already been received, and an additional 80,000 people are now eligible, according to AAP leader Arvind Kejriwal. The initiative aims to provide financial support to senior citizens in need. Under the scheme, these pension […]
Higher EPS pension: Who can benefit and how to track your application status – CNBC TV18
[ad_1] Under the Employees’ Pension Scheme (EPS) 1995, around 97,640 Provident Fund (PF) members and pensioners across India are set to receive pensions based on higher wages (PoWH). This number includes both those who have received pension payment orders (PPO) and those issued demand notices, as per recent reports. The higher EPS pension option, which […]
Early saving for children key to leveraging India’s youth dividend, says PFRDA Chairman Mohanty – CNBC TV18
[ad_1] The Pension Fund Regulation and Development Authority (PFRDA), celebrates October 1 as NPS Diwas. Ahead of this, the pension regulator has launched an innovative pension scheme tailored for children—NPS Vatsalya. As India stands as the world’s most populous country with the largest cohort of young individuals under 18, NPS Vatsalya allows parents to start […]
Cabinet approves Unified Pension Scheme for government employees: All you need to know – CNBC TV18
[ad_1] The Cabinet on August 24, 2024, approved the implementation of the Unified Pension Scheme (UPS), a reform aimed at benefiting approximately 23 lakh government employees. The new scheme , in addition to gratuity, will incorporate a lump sum payment upon superannuation. Key features of the Unified Pension Scheme: Assured Pension : Under the UPS, […]