Page-4 of Social Security
Pradhan Mantri Vaya Vandan Yojana: Cabinet doubles investment limit for senior citizens
The Union Cabinet has approved doubling of investment limit from Rs 7.5 lakh to Rs 15 lakh under Pradhan Mantri Vaya Vandana Yojana (PMVVY). It also extended time limits for subscription from ay 2018 to March, 2020. These decisions were ..
Month: Current Affairs - May, 2018
CCEA approves enhancing coverage of Pradhan Mantri Rojgar Protsahan Yojana
The CCEA chaired by Prime Minister Narendra Modi, has approved proposal of enhancing scope of Pradhan Mantri Rojgar Protsahan Yojana (PMRPY). The Central Government will now contribute Employer’s full admissible contribution for first 3 years from date of registration of ..
Month: Current Affairs - March, 2018
Atal Pension Yojana reaches subscriber base of 80 lakh
The Pension Fund Regulatory and Development Authority of India (PFRDA) has announced that Atal Pension Yojana (APY) run by it has reached a subscriber base of 80 lakh and is growing at good pace. Uttar Pradesh is the highest contributing ..
Month: Current Affairs - January, 2018
India ranks 43rd in 2017 Global Retirement Index
India was ranked last at 43rd position in 2017 Global Retirement Index (GRI) published by French asset management company Natixis Global. The index ranks 43 countries on the basis of four factors viz. the material means to live comfortably in ..
Month: Current Affairs - August, 2017
Government releases Draft Labour Code on Social Security & Welfare
The Union Labour Ministry has proposed a labour code which will provide social security cover to the entire workforce in the country, including self-employed and agricultural workers. In this regard, it has proposed a draft code on Social Security and ..
Month: Current Affairs - March, 2017
India, Germany ratify 2011 Pact on Social Security Investment
India and Germany have ratified a comprehensive Social Security Agreement (SSA) to improve investment flows between the two countries. The agreement was signed in October 2011 and its instruments of ratification were exchanged in February 2017. It will come into ..
Month: Current Affairs - February, 2017
Economic Survey backs Universal Basic Income
The Economic Survey 2016-17 tabled in Parliament has advocated for the concept of Universal Basic Income (UBI) as an alternative to the various social welfare schemes in an effort to reduce poverty. It suggests that a more efficient way to ..
Month: Current Affairs - February, 2017
Union Cabinet gives approves Varistha Pension Bima Yojana, 2003 and Varistha Pension Bima Yojana, 2014
The Union Cabinet has given its ex-post facto approval for the Varishtha Pension Bima Yojana (VPBY) 2003 and Varistha Pension Bima Yojana (VPBY) 2014. The Cabinet also granted approval for expenditure incurred on subsidy amount released to LIC for the ..