Nitish Kumar launches Mukhyamantri Vriddha Pension Yojna for poor
India | June 14, 2019 13:42 ISTBihar Chief Minister Nitish Kumar on Friday launched the Mukhyamantri Vriddha Pension Yojna for poor people above 60 years of age in the state.
Bihar Chief Minister Nitish Kumar on Friday launched the Mukhyamantri Vriddha Pension Yojna for poor people above 60 years of age in the state.
The Pradhan Mantri Kisan Pension Yojana aims to cover around five crore beneficiaries in the first three years. It will be a voluntary and contributory pension scheme with entry age of 18 to 40 years. The beneficiary can opt to become member of the scheme by subscribing to a pension fund.
The decision taken at the Union Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi will benefit 3 crore, retail traders and shopkeepers.
The cascading impact of the default by the IL&FS Group on the financial sector would be quite substantial as evidenced from the partial default of some companies and its repercussions in the financial market in September 2018.
EPFO Private Sector Employees Pension Scheme: By rejecting the plea, the Supreme Court today upheld the HC order. In effect, all retiring employees will now get pension on their full salary instead of the Rs 15,000 cap.
Finance Minister Piyush Goyal on Friday announced launch of Pradhan Mantri Shram Yogi Mandhan (PMSYM) scheme to provide unorganised workers an assured monthly pension of Rs 3,000 after 60 years of age.
Presently, the government and employees contribute 10 per cent of basic salary each to NPS.
The petitioner in person sought the linking of the old age pension with the price index and said the value of Rs. 200 that one was getting in 2007 has gone down substantially in 2018.
The chief minister has decided to extend pension benefits to all widows, farmers, the aged and specially-abled persons.
There is a need to increase the value of pension under APY, Madnesh Kumar Mishra, Joint Secretary, Department of Financial Services (DFS), said at a conference organised by PFRDA.
Government to launch the fund next month to facilitate infrastructure investments by insurance and pension funds
Subhabrata Majumdar carved out her body and stuffed the parts in a giant refrigerator, and stored it in the house for almost three years before being caught.
The hike will benefit about 48.41 lakh Central Government employees and 61.17 lakh pensioners.
The Pension Fund Regulatory and Development Authority (PFRDA) said that the maximum age of joining NPS for the private sector has been increased to 65.
Retirement fund body Employees' Provident Fund Organisation (EPFO) will go paperless by August next year as part of Digital India initiative, which would improve delivery of services for its five crore subscribers
The government decided to continue with an earlier system of disbursing disability pension and not to go ahead with a new regime recommended by the seventh pay commission.
Uttar Pradesh Chief Minister Yogi Adityanath, during the second Cabinet meet on Tuesday, scrapped the ‘Samajwadi Pension Scheme’ of the erstwhile SP government and ordered a detailed review of its beneficiaries.
The requirement of submitting Aadhaar number under Form 10C claims had led to issues in settlement of withdrawal cases, prompting the decision
The Employees' Provident Fund Organisation (EPFO) is expected to launch an online facility for withdrawal of pension funds, settlement of claims, and pension fixation, by May this year.
Cabinet today approved a pension scheme for senior citizens under which public insurer LIC will provide a guaranteed return of 8 per cent for 10 years, as part of government's social security and financial inclusion programme.
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