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pension scheme

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The finance department also observed that the grant of new pension scheme from July 2012, onwards must be reviewed as it is in violation of the government policy, while the grant of pay scale to some employees by the university at its own level in violation of the government norms must be reviewed.(HT File Photo)

Finance dept unhappy at agenda of Punjabi varsity syndic meeting

Hindustan Times/Patiala | By Navrajdeep Singh, Patiala
UPDATED ON SEP 16, 2020 03:50 PM IST
The department observed that the services of contractual employees should not be regularised by the university in violation of government policy, without the approval of the administrative department
(HT file)
(HT file)

20,000cr transferred to Jan Dhan accounts of 20 crore women during lockdown: Smriti Irani

Hindustan Times/Dharamshala | By HT Correspondent, Dharamshala
UPDATED ON JUN 15, 2020 06:53 PM IST
She was addressing a virtual rally of party office bearers and workers of Kangra Parliamentary Constituency through video conferencing from New Delhi
The Employees’ Pension Scheme IS one of the three schemes administered by EPFO that enables a subscriber to receive monthly pension payments(HTPHOTO)
The Employees’ Pension Scheme IS one of the three schemes administered by EPFO that enables a subscriber to receive monthly pension payments(HTPHOTO)

Covid-19: Time for liberal withdrawal options for retirement funds

By Anuja Choudhary
UPDATED ON MAY 15, 2020 07:53 PM IST
A crisis like the coronavirus pandemic makes retiral benefits important for the elderly, both for medical and economic reasons. We have an example in the Thrift Savings Plan (TSP), a retirement plan for American civil servants
HT Image
HT Image

Bank unions in Patiala protest delay in wage revision

Hindustan Times, Chandigarh | By HT Correspondent, Patiala
UPDATED ON FEB 11, 2020 10:24 PM IST
Besides delay in wage revision, their demands include merging special allowance with basic pay, scraping of new pension scheme and enhancement in family pension
Revenue Secretary Ajay Bhushan Pandey(PTI)
Revenue Secretary Ajay Bhushan Pandey(PTI)

‘Purpose behind tax move is to offer a simplified system’: Revenue Secretary

Hindustan Times, New Delhi | By Shishir Gupta and Rajeev Jayaswal
UPDATED ON FEB 03, 2020 12:43 AM IST
The purpose of the proposal is to offer an option of a simplified system, particularly to those who are not availing many exemptions, revenue secretary Ajay Bhushan Pandey said in an interview with Hindustan Times.
Bank employees protesting in Jalandhar.(Pardeep Pandit/HT)
Bank employees protesting in Jalandhar.(Pardeep Pandit/HT)

Two-day strike: Banking services hit across Punjab

Hindustan Times, Chandigarh | By HT Correspondent, Jalandhar
PUBLISHED ON JAN 31, 2020 10:14 PM IST
Former three-time Delhi chief minister Sheila Dikshit(Amal KS/HT PHOTO)
Former three-time Delhi chief minister Sheila Dikshit(Amal KS/HT PHOTO)

Congress plans pension scheme in Sheila Dikshit’s name

Hindustan Times, New Delhi | By Soumya Pillai
PUBLISHED ON JAN 08, 2020 04:21 AM IST
The scheme, after former three-time Delhi chief minister Sheila Dikshit who died last year, proposes to increase the pension to senior citizens, widows and differently abled people to 5,000 per month.
The government has made Aadhaar mandatory for subscribers of the Pradhan Mantri Vaya Vandana Yojana (PMVVY).(Chetan Chauhan/HT Photo)
The government has made Aadhaar mandatory for subscribers of the Pradhan Mantri Vaya Vandana Yojana (PMVVY).(Chetan Chauhan/HT Photo)

Aadhaar is now compulsory for this pension scheme for senior citizens

New Delhi | By Press Trust of India
PUBLISHED ON DEC 26, 2019 05:42 PM IST
The scheme, which envisages an assured rate of return of 8 per cent annually, is being implemented through Life Insurance Corporation of India (LIC). The scheme was announced in Union Budgets of 2017-18 and 2018-19.
Prakash Javadekar said that the decision will bring cheers to the working classes because the central government has been achieving many milestones in many sectors and it was the contribution of central government employees.(ANI Photo)
Prakash Javadekar said that the decision will bring cheers to the working classes because the central government has been achieving many milestones in many sectors and it was the contribution of central government employees.(ANI Photo)

Narendra Modi government gives ‘highest’ DA since 7th CPC’s 2016 pay scales

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON OCT 09, 2019 07:51 PM IST
The Centre would now release an additional installment of Dearness Allowance (DA) to employees and dearness relief to pensioners from July 2019 representing an increase of 5% over the existing rate of 12%
Prime Minister Narendra Modi waves to the crowd after inauguration of the new Vidhan Sabha complex in Ranchi on Thursday.(ANI)
Prime Minister Narendra Modi waves to the crowd after inauguration of the new Vidhan Sabha complex in Ranchi on Thursday.(ANI)

‘A few have landed in jail’: PM Modi on his determination to fight graft

Hindustan Times, Ranchi | By Bedanti Saran
UPDATED ON JUN 29, 2020 06:16 AM IST
Prime Minister Narendra Modi said the functioning of the first 100 days of his government was just a trailer of what is yet to come.
In Jharkhand, more than 1.16 lakh farmers have registered themselves under the scheme so far. Only small and marginal farmer, who own cultivable land up to two hectares, would be eligible for the scheme.(HT image)
In Jharkhand, more than 1.16 lakh farmers have registered themselves under the scheme so far. Only small and marginal farmer, who own cultivable land up to two hectares, would be eligible for the scheme.(HT image)

Modi in Ranchi today, to launch slew of welfare schemes, development projects

Ranchi | By Sanjoy Dey
UPDATED ON SEP 12, 2019 08:31 AM IST
Modi will dedicate country’s second Multi Model Terminal built at Sahibganj to the nation, inaugurate newly constructed state-of-the-art Assembly Building in Ranchi and lay the foundation of new secretariat building in Jharkhand capital.
The PUTA elections are slated for September 13.(HT PHOTO)
The PUTA elections are slated for September 13.(HT PHOTO)

PUTA polls: No legal hiccups, candidates launch campaign

Hindustan Times, Chandigarh | By Navrajdeep Singh
PUBLISHED ON SEP 10, 2019 11:03 PM IST
Groups in fray have come up with similar promises in their manifestoes
A man walks in front of the logo for the Board of Control for Cricket in India (BCCI)(AFP)
A man walks in front of the logo for the Board of Control for Cricket in India (BCCI)(AFP)

Opinion: Players’ body inadequate in scope

By Amrit Mathur
PUBLISHED ON JUL 31, 2019 10:14 AM IST
A player association was a long-felt need in India but what we get is a body unrepresentative in nature and hopelessly inadequate in scope.
The Punjab and Haryana High Court asked the Centre and the Punjab government to consider providing legal status to the Minimum Support Price (MSP) by bringing suitable legislation.(HT File Photo)
The Punjab and Haryana High Court asked the Centre and the Punjab government to consider providing legal status to the Minimum Support Price (MSP) by bringing suitable legislation.(HT File Photo)

Consider giving MSP legal status: HC to Punjab, Centre

Hindustan Times, Chandigarh | By HT Correspondent
UPDATED ON JUL 30, 2019 10:05 AM IST
MSP is the price at which the government purchases crops from farmers.
Maharashtra Chief Minister Devendra Fadnavis said those who were imprisoned during the Emergency will be provided pension and a citation.(Kunal Patil/HT File Photo)
Maharashtra Chief Minister Devendra Fadnavis said those who were imprisoned during the Emergency will be provided pension and a citation.(Kunal Patil/HT File Photo)

‘Those who served jail time during emergency to get pension’: Devendra Fadnavis

Mumbai | By Press Trust of India
UPDATED ON JUN 25, 2019 05:50 PM IST
Speaking in the state Assembly during the Question hour, Fadnavis said “pension was an honour more than money” for those who served jail term during the Emergency.
EPFO may replace LIC as fund manager for PM’s pension plan(HT File)
EPFO may replace LIC as fund manager for PM’s pension plan(HT File)

EPFO may replace LIC as fund manager for PM’s pension plan

New Delhi | By Rajeev Jayaswal
UPDATED ON MAR 25, 2019 09:57 AM IST
The Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM), a contributory scheme that offers a pension of Rs 3,000 per month to those employed in the unorganised sector, from cobblers to construction workers, excludes those covered by the Employees’ State Insurance Corporation (ESIC) and EPFO.
To deliver pensions, India needs a clear vision, strategy and institutional architecture(HT)
To deliver pensions, India needs a clear vision, strategy and institutional architecture(HT)

Is the new pension scheme a case of old wine in a new bottle?

By Yamini Aiyar
UPDATED ON MAR 08, 2019 09:24 AM IST
The Pradhan Mantri Shram Yogi Maan-dhan Yojana is yet another scheme with inbuilt flaws
Prime Minister Narendra Modi addressing the gathering at the launch of the various development projects, in Ahmedabad on Monday.(ANI file photo)
Prime Minister Narendra Modi addressing the gathering at the launch of the various development projects, in Ahmedabad on Monday.(ANI file photo)

PM Modi launches pension plan for unorganised sector workers

Hindustan Times, Ahmedabad/New Delhi | By HT Correspondent
UPDATED ON MAR 06, 2019 07:24 AM IST
Prime Minister Narendra Modi launched the nationwide pension scheme promised in his government’s interim budget for unorganised sector workers.
The prime minister launched the ‘PM Shram Yogi Maandhan Yojana’ pension scheme for unorganised sector.
The prime minister launched the ‘PM Shram Yogi Maandhan Yojana’ pension scheme for unorganised sector.

‘They want to strike at me, but I want to strike at terror’: PM Modi

New Delhi | By HT Correspondent
UPDATED ON MAR 05, 2019 03:04 PM IST
PM Narendra Modi said the opposition a group which has come together only to target him.
Prime Minister Narendra Modi speaks during the inauguration of New Civil Hospital, in Ahmedabad, Monday, March 4.(PTI File Photo)
Prime Minister Narendra Modi speaks during the inauguration of New Civil Hospital, in Ahmedabad, Monday, March 4.(PTI File Photo)

Highlights|‘I am mazdoor No. 1,’ says PM, launches pension scheme for labourers

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON MAR 05, 2019 01:50 PM IST

Prime Minister Narendra Modi on Tuesday visited the Annapurna Dham Trust in Adalaj, Gandhinagar where he laid the foundation stones of Shikshan Bhavan and Vidhyarthi Bhavan.The prime minister, who is on a two-day visit to Gujarat, then visited Vastral where he launched PM-SYM, a voluntary and contributory pension scheme for workers in unorganised sector with a monthly income of up to Rs 15,000.Here are the live updates:

Officers of the Employees’ Provident Fund Organisation (EPFO) are upset at the government’s diktat that asked the statutory body to organise and implement the nationwide launch of the recently announced pension scheme for unorganised-sector workers — a scheme in which EPFO has no official role.(Amal KS/HT PHOTO)
Officers of the Employees’ Provident Fund Organisation (EPFO) are upset at the government’s diktat that asked the statutory body to organise and implement the nationwide launch of the recently announced pension scheme for unorganised-sector workers — a scheme in which EPFO has no official role.(Amal KS/HT PHOTO)

Additional duty of executing new pension scheme irks EPFO staff

Hindustan Times, New Delhi | By Rajeev Jayaswal
PUBLISHED ON MAR 05, 2019 06:43 AM IST
Officers of the EPFO are upset at the government’s diktat that asked it to organise and implement the nationwide launch of the pension scheme for unorganised-sector workers — a scheme in which EPFO has no official role.
The march will start on February 20 from Nashik and end in Mumbai’s iconic Azad Maidan on February 27.(PTI/ Representative Image)
The march will start on February 20 from Nashik and end in Mumbai’s iconic Azad Maidan on February 27.(PTI/ Representative Image)

Farmers to march to Mumbai again to press for unfulfilled promises

Hindustan Times, Mumbai | By HT Correspondent
PUBLISHED ON FEB 20, 2019 02:38 PM IST
Farmers’ outfit All India Kisan Sabha (AIKS) had held a similar protest in March last year to press for the same demands.
Nearly five million Indians join the ranks of the elderly every year.(HT File Photo)
Nearly five million Indians join the ranks of the elderly every year.(HT File Photo)

For elderly, pension is the answer

Hindustan Times, New Delhi | By Gautam Bhardwaj, Shrayana Bhattacharya, Varsha Marathe and Robert Palacios
UPDATED ON FEB 20, 2019 05:46 PM IST
By 2050, every fifth Indian will be above the age of 60, according to a 2017 joint report brought out by the Pension Fund Regulatory Development Authority (PFRDA) and CRISIL.
Bharatiya Mazdoor Sangh wants governmnent to declare pension fundamental right.. (Photo by Ravi Choudhary/ Hindustan Times)(Ravi Choudhary/HT PHOTO)
Bharatiya Mazdoor Sangh wants governmnent to declare pension fundamental right.. (Photo by Ravi Choudhary/ Hindustan Times)(Ravi Choudhary/HT PHOTO)

Declare pension as fundamental right, RSS labour wing tells government

New Delhi | By HT Correspondent
PUBLISHED ON FEB 18, 2019 11:41 PM IST
The organisation’s reference is to the new pension scheme for informal sector workers announced by the government in the Interim Budget.
Image for representation.(File photo)
Image for representation.(File photo)

Pension scheme trial today as government plans Feb 15 launch

Hindustan Times, New Delhi | By Zia Haq
PUBLISHED ON FEB 11, 2019 07:27 AM IST
Prime Minister Narendra Modi will likely launch the government’s new pension scheme for unorganised sector workers on February 15 and a trial run of the software of the new scheme is slated for Monday, a top government official said on condition of anonymity.
Image for representation.
Image for representation.

Workers above the age of 40 can’t join new pension scheme

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON FEB 08, 2019 11:43 PM IST
Unorganised sector workers can enter the scheme as early as the age of 18 by contributing 55 per month.
People stand in queue to file their IT returns on last day of financial year outside Income Tax office at BKC, Bandra in Mumbai, India, on Tuesday, March 31, 2015.(Hindustan Times file photo)
People stand in queue to file their IT returns on last day of financial year outside Income Tax office at BKC, Bandra in Mumbai, India, on Tuesday, March 31, 2015.(Hindustan Times file photo)

Individuals earning Rs 8-9 lakh annually can escape taxes. Here’s how

New Delhi | By Press Trust of India
UPDATED ON FEB 03, 2019 09:40 AM IST
Individuals earning Rs 8-9 lakh annually would not have to pay any income tax if they make proper investments in tax saving instruments like provident fund, life insurance, pension scheme and home loan, Revenue secretary Ajay Bhushan Pandey said Saturday.
The fiscal deficit for the current financial year is likely to be around 3.4% of gross domestic product (GDP), marginally higher than the targeted 3.3%.(Diwakar Prasad/ Hindustan Times)
The fiscal deficit for the current financial year is likely to be around 3.4% of gross domestic product (GDP), marginally higher than the targeted 3.3%.(Diwakar Prasad/ Hindustan Times)

Budget 2019: Govt misses fiscal deficit target, revises it upwards

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON FEB 02, 2019 02:36 PM IST
The fiscal deficit for the current financial year is likely to be around 3.4% of gross domestic product (GDP), marginally higher than the targeted 3.3%.
Finance minister Piyush Goyal (centre) along with his full Budget team leaves for Rashtrapati Bhawan, New Delhi, February 1, 2019.(Ajay Aggarwal/HT PHOTO)
Finance minister Piyush Goyal (centre) along with his full Budget team leaves for Rashtrapati Bhawan, New Delhi, February 1, 2019.(Ajay Aggarwal/HT PHOTO)

This is a forward-looking budget

By Bibek Debroy
PUBLISHED ON FEB 01, 2019 08:38 PM IST
Indirect taxes are headed towards stability, insulated from annual changes, though GST is still work in progress. Once the Task Force on Direct Taxes submits its recommendations and those are accepted, direct taxes should also become stable and certain.
Finance Minister Piyush Goyal said the budget will touch lives of people from every section.(Ajay Aggarwal/HT Photo)
Finance Minister Piyush Goyal said the budget will touch lives of people from every section.(Ajay Aggarwal/HT Photo)

Budget 2019| Tax gift for ‘honest taxpayer’, cash for farmers: FM Piyush Goyal’s top 5 announcements

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON AUG 16, 2019 05:22 PM IST
The government announced tax exemption for individuals earning up to Rs 5 lakh per annum. Finance Minister Piyush Goyal also proposed to increase the standard deduction from the existing Rs 40,000 to Rs 50,000, a proposal will benefit 3 crore people.
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