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News (Retirement)

Union labour has minister confirmed that EPFO will migrate to a new IT system 2.01 in three months. Read on to learn more. : EPFO To Migrate To New IT System Soon To Address Grievance

EPFO To Migrate To New IT System In 3 Months To Address Member Grievances: Check Benefits

BY Outlook Money

The Telecom Regulatory Authority of India (TRAI) has warned people of fraudulent calls impersonating the regulator. : Received A Call From TRAI? Verify The Genuity

Received A Call From TRAI? Verify It’s Genuine Before Sharing Details

BY Outlook Money

EPFOs payroll data shows net member addition is highest in the five states/ UTs of Maharashtra, Karnataka, Tamil Nadu, Gujarat, and Haryana. : EPFO Adds 19.29 Lakh Net Members In June

EPFO Adds 19.29 Lakh Net Members In June; Five States Contribute Over 61%

The RBI stressed the need to revise the deposit insurance coverage considering the growth in the value of bank deposits, inflation, higher income levels, etc. : RBI Bats For Deposit Insurance Revision, Full Protection For Seniors

RBI Bats For Deposit Insurance Coverage Revision, Full Protection For Seniors

BY Outlook Money

Digital arrest is one of the digital fraud techniques cybercriminals use by impersonating law enforcement personnel to defraud their victims. : Digital Fraud

Digital Fraud And Digital Arrest: Know Its Modus Operandi, And How To Protect Yourself From Such Threats

The State Bank of India (SBI) hiked its marginal cost of lending rates by 10 basis points, effective August 15, 2024. : SBI Hikes Lending Rates By 10 Basis Points: Who Will Be Affected

SBI Hikes Lending Rates By 10 Basis Points: Who Will Be Affected?

BY Outlook Money

A task force of the National Medical Council (NMC) said that a standardised retirement policy should be implemented nationwide by adopting the AIIMS, Delhi policy, it said. : Retirement Policy Of Delhi AIIMS Should Be Adopted: NMC

Pay Scale, Retirement Policy Of Delhi AIIMS Should Be Adopted For All Medicos: NMC

EPFO is upgrading its IT infrastructure and developing a centralised database to help expedite the members’ claim settlement process. : EPFO Centralised Database To Be Ready In 2-3 Months

EPFO Centralised Database To Be Ready In 2-3 Months: What Members Can Expect

BY Outlook Money

RBI has modified rules for NBFCs to allow investors to withdraw their deposits prematurely within three months from January 1, 2025. : NBFC Withdrawal

Premature Withdrawal Of NBFC Deposits To Be Allowed From 2025: What You Need To Know

BY Outlook Money

Haryana Chief Minister Naib Singh Saini appealed to farmer to register their Kharif crops on the government portal by August 15 For bonuses. : Haryana Approves Pension For Journos and Farmer Bonuses

Haryana Approves Pension For Journos, Farmer Bonuses: What’s All In The Package?

BY Outlook Money

People aged between 55 and 60 have the highest inflation expectation than those aged between 60 and above. : Senior Citizens’ Inflation Expectation Is Higher Than Overall: RBI

Senior Citizens’ Inflation Expectation Is Higher Than Others, Shows RBI Survey; How It Affects Spending Decisions, Corpus?

Three-time Olympics wrestler Vinesh Phogat announced her retirement after she was disqualified from the Paris Olympics. : Phogats Retirement After Olympics; Haryana Announces Reward

Wrestler Vinesh Phogat’s Unexpected Retirement After Paris Olympics Exit Leaves Fans Disappointed; Haryana Announces Reward

BY Outlook Money

The MPC of the Reserve Bank of India (RBI) announced continuous cheque clearing instead of batch clearing in the CTS. : RBI MPC Proposes Continuous Clearing For CTS Cheques

Now, You Can Clear Your Cheque Within Hours Instead Of Days, As RBI MPC Proposes Continuous Clearance

BY Outlook Money

In its MPC meeting today, the Reserve Bank of India (RBI) decided to increase the UPI transaction limits for tax payments to Rs 5 lakh. : UPI Transaction Limit Enhanced To Rs 5 lakh For Tax Payments

UPI Transaction Limit Enhanced To Rs 5 lakh For Tax Payments: Know What RBI MPC Has Said

BY Outlook Money

The Telecom Regulatory Authority of India (TRAI) plans to strengthen the regulations to curb spam calls from telemarketers. : TRAI Plans To Review, Tighten Regulations To Curb Spam Calls

TRAI Plans To Review, Tighten Regulations To Curb Spam Calls

An EPF account becomes inactive when it does not receive contributions for 36 straight months. Read EPFOs new guidelines. : Explained: EPFO’s New Guidelines For Inoperative EPF Accounts

Explained: EPFO’s New Guidelines For Inoperative EPF Accounts

BY Anuradha Mishra

Middle-income countries currently have around 75 per cent of the world’s population (6 billion), generating over 40 per cent of the global GDP. : India’s Per Capita Income Will Take 75 Years To Reach A Quarter Of That Of US: World Development Report 2024

India’s Per Capita Income Will Take 75 Years To Reach A Quarter Of That Of US: World Development Report 2024

BY Outlook Money

PIB has warned the public on X to ignore a fraudulent message impersonating State Bank of India circulating and urged to not download the links : APK Frauds: What Are They And How You Can Protect Yourself?

Banks Warn Of APK Frauds: What Are They And How You Can Protect Yourself Against Them?

PFRDA issues cybersecurity guidelines for regulated entities (REs) and intermediaries to protect the data and privacy : PFRDA Seeks Robust Cybersecurity, Issues Guidelines For REs

PFRDA Seeks Robust Cybersecurity Protocol For NPS; Issues New Guidelines For REs, Intermediaries

BY Outlook Money

Pensioners’ body EPS-95 National Agitation Committee (NAC) demands an increase in pension to Rs 7,500 per month. : Govt Assures EPS Pensioners To Look Into Their Demand

Centre Assures EPS Pensioners To Look Into Their Higher Pension Demand

West Bengal CM Mamata Banerjee requested Union Finance Minister Nirmala Sitharaman to withdraw GST on life and health insurance premiums. : Rollback GST On Life, Health Insurance Premiums

Mamata, INDIA Bloc Urge Sitharaman To Rollback GST On Life, Health Insurance Premiums

The Budget 2024-25 for railways did not mention reintroducing the railway concession for senior citizens which was withdrawn during Covid-19 : Railway Concession For Senior Citizens: MPs Urge For Relief

Railway Concession For Senior Citizens: MPs Urge For Relief

BY Outlook Money

RBI has issued draft framework for alternate authentication mechanism for digital payments. It is open for comments till September 15, 2024. : RBI’s Draft Framework For AFA In Digital Payments, What It Entails

RBI’s Draft Framework For Alternative Authentication Mechanism In Digital Payments, What It Entails

BY Outlook Money

RBI has issued master directions for non-bank payment service operators to establish robust digital security and cyber resilience : RBI Issues Directions To Non-Bank PSOs For Digital Security

RBI Issues Directions For Non-Bank Payment System Operators To Enhance Digital Security

BY Outlook Money

The RBI has issued master directions for non-bank payment app, card network, and prepaid payment instruments to establish robust digital security systems and processes to ensure cyber resilience : RBI Issues Directions For Non-Bank Payment App & Card Network

RBI Issues Directions For Non-Bank Payment Apps, Card Networks And Prepaid Payment Instruments To Enhance Digital Security

BY Outlook Money

Maharashtra Chief Minister Eknath Shinde held a meeting with seniors group, later announces to establish Seniors Welfare Corporation. : Eknath Shinde Announces Setting Up Senior’s Welfare Corporation

Eknath Shinde Announces Setting Up Senior Citizens’ Welfare Corporation

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The Ayushman Bharat scheme provides health insurance cover of Rs 5 lakh per family annually for hospitalisation to 12.34 crore families. : Ayushman Bharat Scheme: No panel on benefits to 70 and above

Ayushman Bharat Scheme: No Panel Formed To Extend Benefits To Citizens Above 70, Says Govt

The old pension scheme may be desirable for one class of people, but it will be a disaster for the rest, so not feasible: Somnathan. : Return To Old Pension Scheme Not Feasible Financially: FS

Budget 2024: Return To Old Pension Scheme Not Feasible Financially, Says Finance Secretary

BY Anuradha Mishra

Seniors disappointed From Budget 2024, as neither the railway concession was restored nor extended the Ayushman Coverage. : Seniors Disappointed from Budget 24, it Neglects Rail Concession

Budget 2024-25: Seniors Disappointed As Budget Neglects Rail Concession, Ayush Coverage

BY Outlook Money

Union Finance Minister Nirmala Sitharaman announced three EPFO incentives for employees and employers in the Budget 2024-25. : FM Sitharaman’s EPFO Incentives For Employees And Employers

What Are FM Sitharaman’s EPFO Incentives For Employees And Employers?

State-wise analysis of payroll data denoted that net member addition is the highest in Maharashtra, Karnataka, Tamil Nadu, Gujarat, and Haryana. : EPFO Adds Record 19.5 Lakh Net Members In May

EPFO Adds Record 19.5 Lakh Net Members In May, Highest Since April 2018

Finance Minister Nirmala Sitharaman said deduction of expenditure by employers towards NPS will be increased to 14 per cent. : Union Budget 2024-25: NPS deduction Limit Hiked To 14%

Union Budget 2024-25: Good News For NPS Subscribers! Deduction Limit Hiked To 14%

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