The Deposit Insurance and Credit Guarantee Corporation (DICGC) has launched Daava Soochak, an online tool for depositors to track the status of their claims

The Finance Minister of Kerala has announced an additional two months' pension for welfare pension beneficiaries in the state. Around 62 lakh beneficiaries will receive this extra amount, along with their monthly pension, starting next week.

Jharkhand cabinet also a proposal to cover women under the “Jharkhand Mukhyamantri Mainiya Samman Yojana” to provide financial assistance to the tune of Rs 1,000 per month.

The rising cost has a cataclysmic effect on economically weaker sections to whom even a marginal increase in the premium makes it inaccessible to purchase, says minister.

This new form will be a game changer as it simplifies the pension form submission and achieves the end-to-end digitisation of the pension processing process, the Personnel Ministry said.

State-wise analysis of payroll data denotes that net member addition is highest in the five states/ UTs of Maharashtra, Karnataka, Tamil Nadu, Gujarat, and Haryana.

A task force of the National Medical Council (NMC) said that a standardised retirement policy should be implemented nationwide by adopting the AIIMS, Delhi policy, it said.

The Telecom Regulatory Authority of India (TRAI) plans to strengthen the regulations to curb spam calls from telemarketers.

Pensioners’ body EPS-95 National Agitation Committee (NAC) demands an increase in pension to Rs 7,500 per month with dearness allowance and free health facilities for spouse.

West Bengal CM Mamata Banerjee requested Union Finance Minister Nirmala Sitharaman to review the “anti-people taxation policies” and withdraw GST on life and health insurance premiums.

The Ayushman Bharat scheme provides health insurance cover of Rs 5 lakh per family annually for secondary and tertiary care hospitalisation to 55 crore individuals, or 12.34 crore families.

State-wise analysis of payroll data denoted that net member addition is the highest in Maharashtra, Karnataka, Tamil Nadu, Gujarat, and Haryana.

Air India rolled out a voluntary retirement scheme (VRS) for the third time for its permanent employees since its privatization in 2022. This time, ahead of its merger with Vistara, VRS is open for its non-flying staff.

Beneficiaries of the Teerth Darshan Scheme will be selected by a lottery method from the applications received.

The 62 lakh beneficiaries of the welfare pension scheme in Kerala are soon to get their pension. Kerala's chief minister announced the arrears disbursal in five installments: two in 2024-25 and three in 2025-26.

In the interim Budget 2024, the government increased the allocation for the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to Rs 7,200 crore.

It disbursed Rs 7,000 as pension to eligible beneficiaries, which included the enhanced amount of Rs 1,000 each for April, May and June, along with July’s pension of Rs 4,000.

State-wise analysis of payroll data denotes that the net member addition is highest in Maharashtra, Karnataka, Tamil Nadu, Gujarat, and Haryana.

The study on elderly people sheds light on issues related to their work participation, financial security, health, caregiving, social participation, and digital access.

Other key areas of focus in the 100-day plan include ease of doing business—‘tatkal’ issuance of licence in select food businesses, deployment of Arogya Maitri Cubes, etc.

The Insurance Regulatory and Development Authority (Irdai) revoked 55 previously issued circulars and has issued a master circular providing strict timelines for cashless claim settlement in health Insurance.

In February, a parliamentary panel suggested a composite license for an insurer to undertake life, general, or health insurance under one entity to increase the country’s insurance penetration.

EPFO has added a net of around 14.41 lakh members in March 2024, as per the data released by the labour ministry data on May 20, 2024.

The Employees’ Provident Fund Organisation (EPFO) has extended auto claim solution to the claims related to higher education for children, the marriage of self, children, and siblings, and purchasing or constructing a house

A district consumer forum has imposed a Rs 50,000 penalty on India Post for failing to pay interest to a customer on his public provident fund contribution during the extended period.

The elderly population in India often struggles to visit doctors regularly because of financial and other constraints, says study.

The Karnataka High Court has declared the inclusion of foreign workers in the provident fund scheme as “unconstitutional and arbitrary”, forcing the EPFO to evaluate its action.

Telegram, with 7,92,883 phishing hits, topped the list of most exploited social media platforms worldwide, followed by Facebook (5,32,243) and WhatsApp (3,78,968).

Nearly 49 lakh or 75 per cent of over 65 lakh welfare pensioners in Andhra Pradesh will receive their pensions through the direct benefit transfer (DBT) mode on May 1.

One out of three in urban West India have invested in a term plan; Mumbai tops in financial protection quotient amongst metros, with 100 per cent awareness of life insurance solutions

Diverse geographic regions, improved market sourcing, modern supply chains, among other factors, can help mitigate the severity of food inflation in India, says the expert.

A study published in the Indian Journal of Medical Research (IJMR) shows that comorbidities, prolonged hospitalisation, wrong medication, etc., lead to higher healthcare costs in elderly patients.

Higher interest rates and TDS exemption limits for senior citizens have propelled their investments in fixed deposits, resulting in a significant amount of tax collection for the government, totaling around Rs 27,000 crore.

With the rise in cyber frauds, safeguarding customers against potential risks necessitates strengthening data security and checks.

The ruling YSR Congress Party in the state and the opposition have accused each other over the issue of hardship faced by pensioners.     

On March 20, 2020, the Railway Ministry withdrew concessions in train fares offered to senior citizens after a countrywide lockdown was announced due to Covid-19.

The old tax regime, which is still in force and offers a host of deductions and exemptions, exempts income up to Rs 2.5 lakh from taxes.

The minimum return under the APY scheme is 8 per cent guaranteed by the government, regardless of the prevailing interest rates and returns, Sitharaman said.

The payroll data highlighted that approximately 12.17 lakh members exited and subsequently rejoined EPFO.

Amid the fast digitalisation of financial services, it becomes necessary to develop robust regulatory framework to safeguard customers from digital frauds and scams.

Chandigarh, NCT of Delhi, Haryana, Rajasthan, and Gujarat were the top five contributors to ombudsman complaints.

Sharing the national figures, Mohanty said 144 lakh employees, including 90 lakh government ones, have enrolled under the National Pension System (NPS) so far.

The government launched the ‘Chakshu’ facility on its Sanchar portal for people to report fraud calls, SMSes, and WhatsApp messages to protect themselves by alerting the authorities.

State Finance Minister K.N. Balagopal said that a maximum withdrawal limit of Rs 50,000 per day has been imposed to mitigate potential banking system disruptions.

According to the World Health Organisation (WHO), around a quarter of older people suffer social isolation and loneliness, posing risks to their mental health. Is marriage fair an answer to this issue?

Those who have joined service at a younger age like 25 years, will get a good pension amount under the NPS, says Sarma

Chief Minister Champai Soren said around 15,000 km of roads are being constructed to facilitate ease of transport in rural areas for people belonging to economically weaker and vulnerable sections of society.

Niti Aayog recommends viable interest rate for senior citizens, additional concession for older women, amendments to reverse mortgage rules, tax reforms, etc. Learn more.

The scheme prioritises the well-being of sick or physically challenged citizens by offering comprehensive medical care and nursing assistance within the ashrams

The Employees' State Insurance Corporation (ESIC) extends medical benefits to people retired on or after April 1, 2017, with monthly wages up to Rs 30,000.

The Employees’ Provident Fund Organisation (EPFO) has set an 8.25 per cent interest on employees’ provident fund (EPF) deposits for 2023-24

The National Pension System (NPS) is a contributory social security scheme for Indians. PFRDA has taken several steps this year to make it more flexible, but now the expectations are to make it more attractive for senior citizens and other taxpayers

The World Economic Forum (WEF) released a white paper to bring notice to the aging population worldwide and what could be done to create a supportive system for the elderly

Pradhan Mantri Divyasha Kendra is ALIMCO’s initiative, which works under the Ministry of Social Justice and Empowerment, to offer assistive devices to senior citizens and people with disabilities at affordable rates. Earlier there were only 10 centres, which have now increased to 45. The government aims to establish 100 centres across the country by June this year.

The Maharashtra cabinet has approved the old pension system for a select group of state employees who joined their service after November 2005.

Pension & Pensioners’ Welfare Department is conducting a workshop in Delhi today on retirement benefits, pension, healthcare, income tax, digital life certificate, etc., for its employees.

There are 67.95 lakh central government pensioners, and defence constitutes the highest share, with around 33.87 lakh.

The data indicated that the number of members exiting the EPFO has declined since June 2023

Chief Justice of India D.Y. Chandrachud released a report of the ‘Supreme Court Committee on Accessibility’ tasked to recommend steps to remove the accessibility barriers.

UP government has approved the proposal for increasing the retirement age of the doctors working under the Provincial Medical and Health Services cadre from 62 to 65 years.

The deadline for uploading wage details which was ending on September 30, has been extended following representations from employers’ associations.

The efforts are to increase the penetration of pension schemes by making the NPS products easily available to the public