Budget 2024: Return To Old Pension Scheme Not Feasible Financially, Says Finance Secretary
The old pension scheme may be desirable for one class of people, but it will be a disaster for the rest, so not feasible, says Finance Secretary T.V. Somanathan.
Budget 2024-25: Seniors Disappointed As Budget Neglects Rail Concession, Ayush Coverage
Budget 2024-25 presented on July 23, 2024 has left the senior citizens highly disappointed as the government neither restored the railway concession withdrawn during the Covid-19 Pandemic nor extend the Ayushman Bharat-PMJAY scheme to all seniors above the age group of 70 years irrespective of their economic criteria, despite an increase in the Ayush Ministry budget
What Are FM Sitharaman’s EPFO Incentives For Employees And Employers?
Union Finance Minister Nirmala Sitharaman announced three schemes tied to EPFO enrollments in the Budget 2024-25. How will they attract more youth to the formal sector?
EPFO Adds Record 19.5 Lakh Net Members In May, Highest Since April 2018
State-wise analysis of payroll data denoted that net member addition is the highest in Maharashtra, Karnataka, Tamil Nadu, Gujarat, and Haryana.
Union Budget 2024-25: Good News For NPS Subscribers! Deduction Limit Hiked To 14%
Finance Minister Nirmala Sitharaman said deduction of expenditure by employers towards NPS will be increased from 10 to 14 per cent of the employee's salary.
Union Budget 2024-25: Deduction On Family Pension Increased To Rs 25,000, Standard Deduction To Rs 75,000
Union Finance Minister Nirmala Sitharaman announced increasing the deduction on family pension for pensioners and salaried individuals from Rs 15,000 to Rs 25,000.
Budget 2024-25: FM Sitharaman Introduces NPS Vatsalya To Allow Parents To Open Account On Behalf Of Minors
Union Finance Minister Nirmala Sitharaman on Tuesday introduced the NPS Vatsalya that allows parents to contribute and open an account on behalf of their minor children. Learn more.
Union Budget 2024-25: FM Sitharaman Announces 3 Employment-linked Incentive Schemes Based On EPFO Enrollment
Union Budget 2024-25: In the coming two years, the government will reimburse employers up to Rs 3,000 per month for each additional employee’s EPFO contributions.
Economic Survey 2023-24: India’s Pension Sector Sees Growth, Yet Challenges Remain
India’s pension sector is on a positive trajectory, the economic survey notes but achieving comprehensive coverage and financial security for all requires sustained effort and collaboration across various sectors.
Economic Survey 2023-24: Payroll Additions Under EPFO More Than Double In 5 Years
However, it must be noted that the net payroll addition under EPFO in FY24 at 131.5 lakh was slightly lower than 138.5 lakh in FY23.
India’s Household Net Financial Wealth Grew To 97% Of GDP In March 2023: RBI Report
Indians’ household financial wealth has reached 97.2 per cent of the Gross Domestic Product (GDP) at the end of March 2023, as per the Reserve Bank of India’s (RBI) survey.
Air India Opens A One-Month Window For Its Non-Flying Staff To Apply For VRS Ahead Of Vistara Merger
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.
Free Pilgrimage For Seniors: Maharashtra Govt Lists Popular Sites Under Teerth Darshan Scheme
Beneficiaries of the Teerth Darshan Scheme will be selected by a lottery method from the applications received.
