Lok Sabha Passes Pension Fund Regulatory and Development Authority Bill, 2011 with official amendments
Subscribers Seeking Minimum Assured Returns Allowed to OPT for Investing their Funds in such Scheme Providing Minimum Assured Returns The Pension Fund Regulatory and Development Authority Bill (PFRDA), 2011 was passed by the Lok Sabha today with official amendments. It was earlier introduced in Lok Sabha on the 24th March, 2011 to provide for a… Read More
Tags: Bill, Insurance, Lok Sabha, NPS, Pension fund, PFRDA, PFRDA Bill, Statutory authority
Double Digit Returns on National Pension System (NPS) Schemes for Financial Year 2012-13
The National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) has delivered double digit returns for the financial year 2012-13 and has evidenced itself as not just being the cheapest retirement product but also as the highest returns generating scheme. PFRDA advises that various NPS schemes have earned the following average… Read More
Tags: Central Government, ICICI Prudential, Mutual fund, National Pension System, NPS, Pension fund, Private sector, Scheme
Ministry Clarification on DA to EPF Pensioners with meagre pensions
As per the statistics available upto 31.03.2012, the number of pensioners receiving pension less than Rs. 500/- p.m. is around 12 lakh and those receiving more than Rs. 500 and less than Rs.1000/- is around 16.05 lakh. A number of representations have been received against meager pension and demanding increase in the pension. In order to address this issue, the Government of India constituted… Read More
Tags: Board of directors, CBT, Central Government, Employee Provident Fund, EPF, Government of India, Pension fund, Rupee
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