New Delhi, (IANS) : The subscriber base of the Atal Pension Yojana (APY) that aims at old age income security for the working poor from mostly the unorganised sector has reached 53 lakh, the Finance Ministry said on Friday. Over 230 banks and the Department of India...
Mumbai, (IANS) : Tata Steel UK has completed the consultation process to close its existing pension scheme for its workers from March 31, 2017. A new pension scheme will be implemented from April 1, 2017. Tata Steel Ltd disclosed the development in a regulatory filing...
London, (IANS) : Tata Steel workers in the UK on Wednesday voted robustly in favour of accepting steel producer's proposal on pensions, jobs, investment and production. As many as 72.1 per cent of the members who turned out for votes from Community and 75.6 per cent...
New Delhi, (IANS) : A national pension regulator on Wednesday said that it is expecting a major boost in terms of the New Pension Scheme (NPS) subscribers in 2017-18. Pension Fund Regulatory and Development Authority Chairman Hemant Contractor said this at a...
Kolkata, (IANS) : State-run general insurer National Insurance Company Ltd has collected Rs 800-900 crore as premium under the Pradhan Mantri Fasal Bima Yojana (PMFBY), a top official said on Friday. "We are not part of the kharif season, but we are part of the rabi...
New Delhi, (IANS) : Defence Minster Manohar Parrikar on Tuesday said that around 20 lakh pensioners have been paid the benefits of One Rank One Pension so far, and more than 99 per cent of cases will be settled by January-end. "So far, we have already paid the...
Chennai, (IANS) : The merger of Max Life Insurance Company Ltd with HDFC Standard Life Insurance Company Ltd has hit the regulatory block with the insurance regulator expressing reservations on the proposed scheme, Max Financial Services said on Saturday. In a...
New Delhi, (IANS) : Finance Minister Arun Jaitley will launch on Wednesday a one-stop solution for pensioners -- a web responsive service portal -- to ease access to information relating to status of pension cases and speedy redressal of grievances, an official...
New Delhi, (IANS) : The Union Cabinet on Wednesday approved foreign investment under the automatic route in non-banking finance companies (NBFCs)/Other Financial Services. The Cabinet meeting was chaired by Prime Minister Narendra Modi. As per the government's...
Puerto Varas, (NNN-MERCOPRESS) : The Pacific Alliance must improve integration of financial systems to spur investment in key areas such as infrastructure, finance ministers from the four member nations said on Thursday. The group, composed of Colombia, Mexico, Chile,...