Corporate Law : The 2025 amendments scrap key lock-ins and vesting conditions, allowing earlier and more flexible exits. The ruling links withdraw...
Corporate Law : Learn about the Unified Pension Scheme (UPS) for Central Govt employees under NPS. Check eligibility, contribution details, assure...
Corporate Law : Learn about the regulatory body overseeing GIFT City in India, the International Financial Services Centres Authority (IFSCA). Exp...
Finance : Discover the ins and outs of India's National Pension System (NPS) – eligibility, contributions, investments, tax benefits, and ...
Income Tax : When it comes to planning for retirement, one of the most popular investment options in India is the National Pension System (NPS)...
Corporate Law : PFRDA has proposed major reductions in grievance resolution timelines under the NPS framework. The draft aims to improve accountab...
Finance : The agreements introduce structured protocols for intelligence sharing and monitoring compliance under PMLA. The ruling highlights...
Corporate Law : PFRDA introduced multiple NAVs to reflect different fee structures for government and non-government subscribers. The change ensur...
Corporate Law : Authorities cautioned investors about entities promising monthly returns on deposits without regulatory approval, advising the pub...
Corporate Law : PFRDA has issued a public notice cautioning investors about an unregistered website and mobile app offering high-return schemes. T...
Income Tax : ITAT Ahmedabad held that PFRDA Act, 2013 doesn’t prescribed any due date for payment of employee’s contribution to National Pe...
Corporate Law : PFRDA has launched Retirement Income Schemes and drawdown options under NPS to allow flexible post-retirement payouts up to age 85...
Corporate Law : PFRDA relaxed earlier restrictions on annuity surrender after receiving hardship representations from subscribers. The circular no...
Corporate Law : PFRDA has amended NPS investment guidelines to permit investment in Rupee Bonds issued by the New Development Bank. The circular b...
Corporate Law : PFRDA clarified that Pension Agents working with multiple Points of Presence must be identified through PAN for better traceabilit...
Corporate Law : PFRDA has expanded the NPS Sanchay incentive framework to include CSC-VLEs, BCs/Pension Sakhis, and PACS operating through PoPs. T...
Domestic savings are crucial, both for the national economy as well as for the people who save, particularly during recessionary times. This was proved once again, wherein unlike many Western countries, India remained fairly insulated from the recent global economic slowdown due to its relatively high level of savings. Ideally one should save 20-30 percent of his earning for future needs. For salaried people, savings are forced ones, thanks to tax saving plans. While in India, average savings are in the range of 30-32%, saving rate in Japan is 28%, and in US just 12 percent. Indian savings generally get parked in bank deposits, insurance products, provident fund & pension plan and mutual fund & capital market instruments.
The Interim Pension Fund Regulatory and Development Authority (PFRDA) has authorized 40 institutions including public sector banks, private banks and the Department of Posts as Points of Presence (POPs) for selling the New Pension system (NPS) to the
The Government of India has approved the Operational Guidelines for the Swavalamban Scheme which was announced by the Union Finance Minister in his speech of 2010-11. The Scheme is applicable to all citizens in the unorganised sector who join the New Pension Scheme (NPS) subject to their meeting the eligibility criteria.
Allaying RBI’s fears, the government on Tuesday proposed to elevate its governor’s post in the proposed joint mechanism to address the differences among financial regulators over hybrid products. The legislation, Securities and Insurance Laws (Amendment) and Validation, Bill 2010, presented in the Lok Sabha to replace the ULIP Ordinance, also seeks to have a joint committee to resolve the differences among the financial regulators – SEBI, IRDA, RBI and PFRDA. The committee will be headed by Finance Minister Pranab Mukherjee.
The interim pension regulator has sought tax relief on investments in the New Pension Scheme (NPS) to make it more attractive to employees of private sector firms. The Pension Fund Regulatory and Development Authority (PFRDA) has written to the finance ministry seeking level playing field for NPS with other long-term savings schemes that will get tax benefits under the proposed Direct Taxes Code. “All we want is equal treatment,” a PFRDA official said.
A meeting of the Core Group constituted by the Ministry of Corporate Affairs for convergence of Indian Accounting Standards with the International financial Reporting Standards (IFRSs) from the year 2011 was held on 11th January, 2010 and on 29th March, 2010 under the chairmanship of Shri R. Bandyopadhyay, Secretary , Ministry of Corporate Affairs. These meetings were attended by the officials from Ministry of Finance, SEBI, RBI, IRDA C&AG, PFRDA, ICAI, Industry Representatives and other experts.
On the basis of the deliberations taken place in the meeting on 29th March, 2010, a Press Release (No.3/2010) related to the roadmap for the application of the converged Indian Accounting Standards by the Banking companies, Insurance companies and Non-Banking finance companies was issued on 31st March, 2010.
The Department of Posts, Government of India, has been enlisted as a Point of Presence (PoP) for distribution of the New Pension System (NPS) by Pension Fund Regulatory & Development Authority (PFRDA). The Department of Posts (DOP) would, to start with, make the NPS available at over 800 of its branches all over the country, and expand the distribution network to more branches in a phased manner in its endeavour to make NPS available to all citizens in all parts of the country.
