Social Security Current Affairs - 2019

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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 state at 11.41 lakh APY subscribers, followed by Bihar (8.87 lakh) and Tamil Nadu (6.60 Read More…

Month:  Categories: Government Schemes & Projects

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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 retirement (Material Well-being); access to quality health services (Health); access to quality financial services to Read More…

Month:  Categories: Reports & Indices

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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 Welfare with an aim to provide social security cover to the entire workforce in the Read More…

Month:  Categories: Governance & Politics

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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 force from May 1, 2017. Key Facts The SSA establishes the rights and obligations of Read More…

Month:  Categories: Defence & Security

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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 help the poor will be to provide them resources directly, through a UBI. It will Read More…

Month:  Categories: Business, Economy & Banking

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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 both schemes. Key Facts VPBY was launched on 14th July, 2003 and was open till Read More…

Month:  Categories: Government Schemes & Projects

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India, Japan ink Social Security Agreement

India and Japan have signed a Social Security Agreement (SSA) and will come into force on 1 October 2016. The SSA will benefit Indian and Japanese professionals and skilled workers working in each other’s country and will also boost bilateral business linkages. Key Facts The SSA will help avoid double social security contributions i.e. Indian Read More…

Month:  Categories: International

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