Cabinet Approves Pension Scheme for Small Traders

The Union Cabinet headed by Prime Minister Narendra Modi has approved a new scheme which assures minimum monthly pension of Rs 3,000 to all shopkeepers, retail traders and self-employed persons after attaining the age of 60 years. About the Pension ..

Sikkim is set to become first Indian state to roll out Universal Basic Income (UBI)

The Sikkim Democratic Front (SDF) ruled government has recently decided to include UBI in its manifesto ahead of 2019 state assembly polls and aims to implement the scheme by 2022. If everything goes according to the plan, it will be ..

Government raises its contribution in National Pension System to 14% from 10%

Union Cabinet has decided to raise contribution of Central Government to National Pension System (NPS) corpus of its employees from 10% to 14%. This will increase in eventual accumulated corpus of all central government employees covered by NPS. There are ..

Month: Current Affairs - December, 2018

ESIC wins ‘ISSA GOOD Practice Award, Asia & The Pacific 2018’

The Employees’ State Insurance Corporation (ESIC) has won the ‘ISSA Good Practice Award’ for Administrative Solution for Coverage Extension at the “Regional Social Security Forum for Asia and the Pacific” held at Kuala Lumpur, Malaysia recently. The award recognizes the ..

ESIC wins ISSA GOOD Practice Award, Asia and Pacific 2018

Employees’ State Insurance Corporation (ESIC) was awarded ISSA (International Social Security Association) ISSA Good Practice Award for Administrative Solution for Coverage Extension at Regional Social Security Forum for Asia and Pacific held at Kuala Lumpur, capital Malaysia. The award was ..

Month: Current Affairs - October, 2018

AP government approves an unemployment allowance scheme “Mukhyamantri Yuva Nestam”

The Andhra Pradesh Cabinet has recently approved an unemployment allowance scheme “Mukhyamantri Yuva Nestam” through which an allowance of Rs 1000 per month will be provided to unemployed youth in the state. Unemployed youths with a degree or diploma between ..

Atal Pension Yojana’s subscriber base crosses 1 crore mark: PFRDA

According to Pension Fund Regulatory and Development Authority (PFRDA), the subscriber base of Atal Pension Yojana (APY) has crossed 1 crore subscribers mark since its launch in May 2015. Till date, the scheme has collected Rs. 3,950 crore of contribution ..

Month: Current Affairs - May, 2018

EPFO launches View Pension Passbook Service on Umang App

Retirement fund body Employees’ Provident Fund Organisation (EPFO) has launched View Pension Passbook Service for pensioners on Umang App. This facility was launched part of EPFO’s plan to go paperless by August this year and provide all services online. It ..

Month: Current Affairs - May, 2018