Pension Current Affairs - 2019

Category Wise PDF Compilations available at This Link

Pradhan Mantri Shram Yogi Mandhan

The Union Finance Minister Piyush Goyal announced the Pradhan Mantri Shram Yogi Mandhan scheme in the interim budget 2019 for workers in the unorganised sector. About the Scheme The features of the Pradhan Mantri Shram Yogi Mandhan scheme are: Under the scheme, an assured monthly pension of Rs 3,000 per month will be provided to Read More…

Month:  Categories: Government Schemes & Projects

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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 18 lakh central government employees at present. The revenue impact from higher government contribution to Read More…

Month:  Categories: Government Schemes & Projects

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Union Government announces to withdraw tax proposal on EPF

The Union Finance Ministry has announced to withdraw its proposal to tax Employee Provident Fund (EPF) withdrawals. It was announced by Union Finance Minister Arun Jaitley in the Lok Sabha clarifying NDA government’s stand on the issue. However, government has not changed its plan to tax National Pension Scheme (NPS) withdrawals. Background Earlier in the Read More…

Month:  Categories: Governance & Politics

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Union Government releases Rs 2,000 crore for Employees’ Pension Scheme

Union Government has released 2,000 crore rupees to Employees’ Pension Scheme (EPS), 1995 as its contribution for the year 2015-16. This contribution is in addition to the 250 crore rupees contributed by the government as grant-in-aid in the EPS in order to provide minimum pension of 1,000 rupees to pensioners under the scheme. The contribution Read More…

Month:  Categories: Business, Economy & Banking

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