News for New Pension Scheme Employees
All India Consumer Price Index Numbers for Industrial Workers on Base 2001=100 for the Month of September, 2010 All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of September, 2010 increased by 1 point and stood at 179 (one hundred and seventy nine). During September, 2010, the index … Read more
Pension Fund Regulatory and Development Authority (PFRDA), the apex body established by Government of India to regulate and develop the pension sector, has introduced NPS-Lite which specifically targets the economically disadvantages sections of society and promotes small savings during their productive life. It aims at building up a corpus sufficient enough to buy an annuity … Read more
The New Pension Scheme (NPS) is likely to get a makeover if the revised Direct Tax Code is implemented. However, the government is doing its bit to lure investors to take a close look at the NPS. Recently, the government announced the ‘Swavalamban’ scheme through which it would add Rs 1,000 co-contribution every year for … Read more
The Department of Posts has launched New Pension Scheme (NPS) with effect from May 2010. Any citizen of India in the age group of 18 to 55 years can join this scheme and contribute till the age of 60 years. This scheme is made available to the general public on behalf of Pension Fund Regulatory … Read more
NEW DELHI: Financial inclusion and implementation of central government schemes will top the agenda of finance minister Pranab Mukherjee’s June 14 meeting with the chief ministers of 12 eastern states. The government is concerned about the inability of these states to implement the central schemes. “All 12 states are expected to submit their financial inclusion … Read more