The Madras High Court has granted an interim stay of a clause in the ninth bipartite settlement for bank employees of April this year requiring contributory provident fund optees to become pension optees upon contributing 2.8 times of the revised pay payable for November 2007 onwards to the Pension Fund. Justice K Venkataraman passed the … Read more
The revised proposal in the Direct Taxes Code (DTC) to scrap taxes on withdrawals from the New Pension Scheme (NPS) may boost its popularity, but investment advisors will wait for the final norms to consider recommending this product to clients. The main reason for this scepticism is that, going by the current proposals, the product … Read more
VADODARA: Eyeing to capture a large but untapped market, the postal department has launched a pension scheme for the people working in unorganised sector across the country. People working in unorganised sector with a modest income can now invest in the postal department and secure their retired life apart from earning interest on the money … Read more
JAIPUR Apr 17 Rajasthan government today increased the monthly ‘honour pension’ of freedom fighters from existing Rs 8,000 to Rs 10,000. “The government today issued orders to this effect according to which the freedom fighters will get the benefit of Rs 2000 per month, including medical allowance. “The increased pension will be released with … Read more