Pension Newletter (Jan 2008) New!
The government is examining a proposal to exempt public sector banks from fringe benefit tax (FBT)...
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Pension Newletter (Dec 2007)
The employees' provident organisation (EPFO) is once again examining a proposal to allow investing...
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Pension Newletter (Nov 2007)
The strong performance of the capital market in the past two months is set to figure prominently when the Central Board...
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Pension Newletter (Oct 2007)
ICICI Prudential Life Insurance has launched PremierLife Pension, a pension plan for individuals whose income levels...
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Pension Newletter (September 2007)
The newly appointed pension fund managers State Bank of India (SBI), Life Insurance Corporation (LIC),...
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Pension Newletter (August 2007)
Five months after the launch of micro-pension by the UTIMutual Fund for the members...
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Pension Newletter (July 2007)
Life Insurance Corporation of India, State Bank of India and UTI Asset Management Company Private Limited were invited...
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Pension Newletter (June 2007)
The Pension Fund Regulatory and Development Authority (PFRDA) have shortlisted four players...
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Pension Newletter (May 2007)
The Pension Fund Regulatory and Development Authority (PFRDA) has issued a Primary Information Memorandum
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Pension Newletter (Apr 2007)
The Pension Fund Regulatory and Development Authority (PFRDA) has appointed National Securities Depository Ltd....
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Pension Newletter (Mar 2007)
The reform of the pension system in India holds the prospect of enlarging the market size to a whopping Rs.4,06,400 crore..
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Pension Newletter (Feb 2007)
Pension Fund Regulatory and Development Authority (PFRDA) would be implementing new pension schemes for the centre and state government...
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Pension Newletter (Jan 2007)
The government is trying to gain full support of states on pension reforms. Sources said most states, with deficient funds for pensions, were likely to provide full support to the Centre on the issue.
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Pension Newletter (Dec 2006)
The Cabinet has postponed a decision on deployment of pension funds in the stock market. The reason: "Red flags showed by several Cabinet ministers," as a minister put it.
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Pension Newletter (Nov 2006)
Deposits with banks still the most favoured mode of sa vings for the household sector during 2005-06 accounting for Rs 2,74,704 crore
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Pension Newletter (Oct 2006) New!
The Left parties have agreed to soften their opposition to the Pension Funds Bill after the government assured them that savings of government employees would be put
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Pension Newletter (Sep 2006)
The central government has sent a circular to banks advising them to consider adopting the new pension
scheme based on defined contribution for new entrants. The circular sent to banks earlier this month had said the "primary objective of introducing the new pension scheme is to move into the realm of a sustainable, fully- funded pension system, thereby easing unforeseen financial stress on the organisation."
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Pension Newletter (Aug 2006)
The central government has sent a circular to banks advising them to consider adopting the new pension
scheme based on defined contribution for new entrants. The circular sent to banks earlier this month had said the "primary objective of introducing the new pension scheme is to move into the realm of a sustainable, fully- funded pension system, thereby easing unforeseen financial stress on the organisation."
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Pension Newletter (July 2006)
The government has decided not to raise the investment limit on the tax deduction allowed for contributions to the public provident fund (PPF) beyond Rs 70,000 a year. The Investment and Finance Committee of the fund has recommended a reduction in EPF interest rate by 50 basis
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Pension Newletter (June 2006)
The new Pension Fund Regulatory and Development Authority (PFRDA) is expected to mobilize over US$25 billion through the first five years of its new pension scheme, aimed at creating a retail market for government and corporate bonds in India.
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Pension Fund Regulatory and Development Authority
India, like most other developing countries, does not have a comprehensive social security system to protect the elderly against economic deprivation. Poverty and
unemployment may have acted as a deterrent to institute a pay-roll tax financed state pension
arrangement for every citizen attaining old age. Instead, India has adopted a pension policy
based on financing through employer and employee participation. This has however restricted
the coverage to the organized sector workers - denying the vast majority of the workforce in
the unorganized sector access to formal channels of old age economic support.
Click here to download the Pension Fund Regulatory and Development Authority
Click here to download the Preliminary Draft Regulations
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INDIAN PENSON SECTOR REFORM
INDIA: Pension Sector Reform
Any arrangement that builds up assets for old age income can be termed as
pension. The pension system thus encompasses all vehicles that build up assets
for old age income like Employee Provident Fund (EPF), Public Provident Fund
(PPF) and personal pensions or state pensions. A pension scheme may be defined
benefit or defined contribution.
Click here to download the PENSON SECTOR REFORM
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