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News (Retirement)

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%

Union Finance Minister Nirmala Sitharaman announced increasing the deduction on family pension for pensioners and salaried individuals from Rs 15,000 to Rs 25,000. : Union Budget 2024-25: Deduction On Family Pension Increased

Union Budget 2024-25: Deduction On Family Pension Increased To Rs 25,000, Standard Deduction To Rs 75,000

Union Finance Minister Nirmala Sitharaman introduced NPS Vatsalya to allow parents to open and contribute to the scheme on behalf of their minor children. : Union Budget 2024-25: Sitharaman Introduces NPS Vatsalya for children.

Budget 2024-25: FM Sitharaman Introduces NPS Vatsalya To Allow Parents To Open Account On Behalf Of Minors

Union Budget 2024-25: In the coming two years, the government will reimburse employers up to Rs 3,000 per month for each additional employee’s EPFO contributions. : Budget 2024-25: Sitharaman Announces Employment-linked Schemes Based On EPFO enrollment

Union Budget 2024-25: FM Sitharaman Announces 3 Employment-linked Incentive Schemes Based On EPFO Enrollment

BY Anuradha Mishra

India’s pension sector is on a positive trajectory, but achieving coverage for all requires sustained effort, notes the economic survey 2023-24. : Economic Survey 2023-24: Indias Pension Sector Sees Growth

Economic Survey 2023-24: India's Pension Sector Sees Growth, Yet Challenges Remain

BY Anuradha Mishra

However, it must be noted that the net payroll addition under EPFO in FY24 at 131.5 lakh was slightly lower than 138.5 lakh in FY23. : Economic Survey 2023-24 Payroll Addition Under EPFO Increased

Economic Survey 2023-24: Payroll Additions Under EPFO More Than Double In 5 Years

BY Outlook Money

Indians’ household financial wealth has reached 97.2 per cent of the Gross Domestic Product (GDP) at the end of March 2023, as per the Reserve Bank of India’s (RBI) survey. : India’s Household Net Financial Wealth Grew To 97% Of GDP: RBI

India’s Household Net Financial Wealth Grew To 97% Of GDP In March 2023: RBI Report

BY Outlook Money

Air India rolls out a voluntary retirement scheme (VRS) for the third time for its permanent employees since its privatisation in 2022. This time it is for its non-flying staff. : Air India Opens Window For Its Non-Flying Staff To Apply For VRS

Air India Opens A One-Month Window For Its Non-Flying Staff To Apply For VRS Ahead Of Vistara Merger

Beneficiaries of this scheme will be selected by a lottery method from the applications received. : Free Pilgrimage For Seniors: Maharashtra Govt Lists Popular Sites

Free Pilgrimage For Seniors: Maharashtra Govt Lists Popular Sites Under Teerth Darshan Scheme

The Haryana government also provides financial assistance to other marginalised people, such as transgender, widows, differently-abled people, destitute women and children, etc. : Haryana Old Age Pension: Govt Releases New Beneficiary List

Haryana Old Age Pension: Govt Releases New Beneficiary List—Here’s How To Check Your Application Status

BY Outlook Money

The 62 lakh beneficiaries of the welfare pension scheme in Kerala are soon to get their pension. Keralas chief minister announced the arrears disbursal in five installments: two in 2024-25 and three in 2025-26. : Welfare Pension Arrears Of 62 Lakh Beneficiaries In Kerala To Be Disbursed In A Time-Bound Manner

Welfare Pension Arrears Of 62 Lakh Beneficiaries In Kerala To Be Disbursed In A Time-Bound Manner

Before the 2020 pandemic, the Indian Railways offered a 50 per cent and 40 per cent discount on train fares, Read Train Fare Concessions. : Train Fare Concessions For Elderly And Govts Dilemma

Railway Budget 2024: Train Fare Concessions For Elderly And Govt's Dilemma

BY Outlook Money

In the interim Budget 2024, the government increased the allocation for the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to Rs 7,200 crore. : Govt Mulls Doubling Number Of Ayushman Bharat Beneficiaries

Govt Mulls Doubling Number Of Ayushman Bharat Beneficiaries, Insurance Amount

The Delhi government’s Mukhya Mantri Teerth Yatra Yojna for senior citizens might resume by the end of July after a brief pause. : Senior Citizens’ Pilgrimage, Teerth Yatra Yojna, Delhi To Resume

Mukhya Mantri Teerth Yatra Yojna: Delhi To Resume Senior Citizens’ Pilgrimage; Here’s How To Apply

BY Outlook Money

President Droupadi Murmu told Parliament in a speech that all senior citizens over 70 years of age will be eligible for coverage and free medical care under the Ayushman Bharat Yojana : Ayushman Bharat Likely To Cover Seniors After Budget 2024

Ayushman Bharat Likely To Cover Seniors After Budget 2024

BY Outlook Money

It disbursed Rs 7,000 as pension to eligible beneficiaries, with the enhanced amount of Rs 1,000. Read about social security pension. : Andhra Pradesh Govt Disburses Enhanced Social Security Pension

Andhra Pradesh Govt Disburses Enhanced Social Security Pension To Beneficiaries

This campaign aims to substantially reduce pendency of family pension grievances

Family Pensioners’ Grievances: Govt Launches Special Campaign For Effective Redressal

BY Outlook Money

Virat Kohli, Rohit Sharma and Ravindra Jadeja announced their retirement from T20 international cricket after victory in the T20 World Cup. : T20 World Cup: Virat Kohli, Rohit Sharma, Jadeja Retirement

T20 World Cup Victory: Virat Kohli, Rohit Sharma, Jadeja Announce Retirement: 3 Lessons To Learn From Them

BY Outlook Money

The scheme allows senior citizens from the economically weaker section of society to go on pilgrimage to a holy site at the state’s expense. : Maharashtra To Offer Free Pilgrimage To Seniors Of All Faiths

Mukhyamantri Teerth Darshan Yojana: Maharashtra To Offer Free Pilgrimage To Senior Citizens Of All Faiths

BY Outlook Money

Senior citizens will comprise 20 per cent of India’s population by 2050, so ensuring annuity is crucial for their financial security. : NPS, APY Schemes See 16.3% User Growth, 78% lack annuity

NPS, APY Schemes See 16.3% User Growth; 78%Seniors Lack Pension Cover, Says RBI Report

BY Outlook Money

State-wise analysis of payroll data denotes that the net member addition is highest in Maharashtra, Karnataka etc. : EPFO Adds Record 18.92 Lakh Net Members In April

EPFO Adds Record 18.92 Lakh Net Members In April; 8.87 Lakh New Joinees

Unclaimed deposits in RBI’s DEA fund have increased by 26 per cent to Rs 78,212.53 crore in FY2023-24over the previous fiscal year. : Bank Unclaimed Deposits See 26% Spike: Here’s How To Claim it

Bank Unclaimed Deposits See 26% Spike: Here’s How To Find Your Forgotten Money

BY Outlook Money

EPFO has discontinued the facility for non-refundable advances from EPF accounts Know what other withdrawal conditions are available. : EPFO Ends Covid-19 Advance, What Other Withdrawal Options

EPFO Ends Covid-19 Advance Facility: What Other Grounds Allow For EPF Withdrawal?

BY Outlook Money

The study on elderly people sheds light on issues like work participation, financial security, health, caregiving, social and digital access. : Elderly Have Inadequate Access To Schemes Like Pension, PF

World Elder Abuse Awareness Day: Only 29% Elderly Have Access To Schemes Like Pension, PF, Says Study

The last date to update Aadhaar details for free is extended again by three months to September 14, 2024. : Free Aadhaar Updation Deadline Extended: How To Update Details

Free Aadhaar Updation Deadline Extended Till Sep 14: Know How To Update Details

BY Outlook Money

Senior citizens can now seek help from the Delhi Police as they provide doorstep service via phone application. : Delhi Police Doorstep Service: Seniors Can New Get Help At Home

Delhi Police Doorstep Service: Senior Citizens Can Now Get Help At Their Homes

BY Outlook Money

Homebuyers may face legal and financial implications if the developer or the real estate agent doesnt have valid RERA registration. : Homebuyers Beware: RERA Registration Vital

RERA Registration: What Homebuyers Can Face If Developers Don’t Have Up-To-Date Papers

BY Outlook Money

Sebi has abolished the rule of a debit freeze on demat and mutual fund accounts lacking nomination details, but you should still update it : Debit Freeze On Demat, Mutual Fund Lacking Nomination revoked

Debit Freeze On Demat, Mutual Fund Accounts Lacking Nominee Details Revoked: Here’s What Sebi Said

BY Outlook Money

The Insurance Regulatory and Development Authority of India (Irdai) instructed insurance companies to set up a cashless health claim settlements system by July 31, 2024. : Cashless Health Insurance Claim Settlements From August 1

Cashless Health Insurance Claim Settlements From August 1: All You Need To Know

BY Outlook Money

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