RETIREMENT


Moneylife Digital Team 09 November 2015
To enable Indians living abroad to access income security in their old age, the Reserve Bank of India (RBI) allowed non-resident Indians (NRIs) to subscribe to the National Pension System (NPS).NRIs may subscribe to the NPS governed and administered by the Pension Fund Regulatory and...

Read More



The government needs to assess the possible revenue loss before providing greater tax incentives, including full exemption, to the National Pension System (NPS), Minister of State for Finance Jayant Sinha said on Tuesday.   "We've to analyse and try to figure out exactly what revenue...

Read More



Moneylife Digital Team 26 October 2015
Employees’ Provident Fund Organisation (EPFO) is hopeful of launching an online PF withdrawal facility by March-end after the Supreme Court extended voluntary use of Aadhaar card to government schemes, including provident fund. “We have written to the Labour Ministry for approvals for...

Read More



Sucheta Dalal Sucheta Dalal 26 October 2015
Regulation required to stop the harassment of those who have invested in retirement homes    Once again, it is probably the judiciary that may come to the rescue of senior citizens who have invested their nest egg in retirement homes and end up fighting bitter battles with developers...

Read More



Pension scheme Atal Pension Yojana (APY) has been modified to make it more viable and acceptable for informal sector workers with intermittent incomes, an official statement said on Thursday.   The provision of mandatory monthly contributions and penal provisions for non-contribution...

Read More



Sporadic launching of popular social security schemes has become a fashion for governments. The recently launched Atal Pension Yojana, will definitely provide some work and funds to the administrators of NPS and but may not to the subscribers   Eventually India has to debate the...

Read More



Moneylife Digital Team 22 May 2015
A retiree’s grey matter   What is the biggest risk in retirement? Many would say it’s longevity, inflation risk, market risk, etc. According to Michael Finke, director of retirement planning at Texas Tech University, the biggest risk may be a retiree’s brain. “The biggest risk to a...

Read More



The union cabinet on Wednesday approved the continuation of Rs.1,000 minimum monthly pension for pensioners under the Employees' Pension Scheme beyond the financial year 2014-15.   Currently, it is effective only up to March 2015.   The decision to continue with the pension on...

Read More



Moneylife Digital Team 21 April 2015
One is a guaranteed return product and another is market-linked. Even well-educated people who attend Moneylife Foundation seminars don’t understand the distinction between the two    Employees may soon have an option to choose between the employee provident fund (EPF) scheme run by...

Read More



There is a proposal to increase allowance under the old age pension scheme to Rs300 from Rs200 per month. How will this princely amount help anyone over a period of one month, is a question that the sarkari babus and ministers should answer   Exactly one week prior to the presentation...

Read More



Sailesh Mishra 28 February 2015
The Finance Minister has announced a slew of low-cost pension and insurance schemes, including Atal Pension Yojana and Universal Social Security scheme that would help to tackle issues faced by senior citizens   Union Budget 2015, presented by Finance Minister Arun Jaitley, was a...

Read More



Moneylife Digital Team 17 February 2015
According to Principal Financial Well Being Index 2014, while 70% people say they are financially prepared for retirement, just 49% know how much money they would require post-retirement   The Principal Financial Well Being Index, which touches upon the perceptions and attitude of...

Read More



Moneylife Digital Team 19 November 2014
The Modi government launched Jeevan Praman, an Aadhaar-based digital life certificate for pensioners. But who will bear the cost of biometric reading device required to submit pensioner’s data?   Last week, Indian Prime Minister Narendra Modi launched Jeevan Praman, a digital life...

Read More



Moneylife Digital Team 18 September 2014
PFRDA chairman Verma said the government aims to cover 80 lakh under the Swavalamban pension scheme by FY15   The Indian government is targeting about 80 lakh subscribers under its Swavalambam pension scheme, a part of the ambitious financial inclusion Jan-Dhan Yojana, by the end of...

Read More



Moneylife Digital Team 26 August 2014
Despite some protest by the trade union members of the CBT, The board decided to retain interest rate on the PF deposits at last year's level of 8.75% for FY2015   The Employees' Provident Fund Organisation (EPFO) on Tuesday decided to retain interest payment on provident fund...

Read More



The Union Budget 2014-15 has talked about retirement saving products and in the process created confusions   The maiden budget of Narendra Modi-led National Democratic Alliance (NDA) government mentions on page 12 that that there would be a “uniform tax treatment for pension and...

Read More



Retirement homes offer tremendous opportunity and scope for real estate business to take professional care for the elderly citizens who are now left to fend for themselves! The house of Tatas is known for their charitable disposition. And, when during the press conference in Delhi,...

Read More



Moneylife Digital Team 13 January 2014
The EPFO had surplus funds, which enabled it to raise interest rate to 8.75% for 2013-14 from 8.5% in the previous financial year Retirement fund body Employees' Provident Fund Organisation (EPFO) on Monday decided to increase the rate of interest on provident fund (PF) deposits to 8.75%...

Read More



Moneylife Digital Team 27 December 2013
Central Board of Trustees, the apex decision making body of EPFO, in its meeting on 14th January is likely to approve proposal to appoint a consultant to start process for selection of new fund managers The Employees’ Provident Fund Organisation’s (EPFO) is planning to decide next month...

Read More



Nagesh Kini Nagesh Kini 02 December 2013
Elderly population in India is turning into the new customer segment that is large and distinctive with significant purchasing power Today there is an urgent need to address the wellness of present day Elders, officially designated Senior Citizens, that encompass their physical,...

Read More

Free Helpline
Legal Credit
Feedback