The Netherlands scored top marks in the survey of 47 pension systems around the world. (Representative image) The ongoing expansion of AI within the operations and decisions of investment managers could lead to more efficient and better informed decision-making Artificial intelligence should improve pensions performance by cutting costs and highlighting upcoming risks, the Mercer CFA…
Curated By: Business Desk Last Updated: October 16, 2023, 12:36 IST To get a pension of Rs 1,000 per month, you need to pay only Rs 42 monthly if you start from the age of 18. After October 1, only those people who cannot pay income tax can apply for the Atal Pension Scheme. Atal…
The Andhra Pradesh government has started the process of implementing the GPS. (Representative image) The OPS is a defined benefit pension scheme, which means that employees are guaranteed a fixed pension after retirement. The Andhra Pradesh government is planning to implement a Guaranteed Pension System (GPS) for its employees, which is a hybrid model of…
Tax deductions up to Rs 1.5 lakh per annum for NPS investments can be claimed under Section 80C. (Representative image) The tax benefits that this product offers is yet to be realised by potential subscribers into NPS. The National Pension System (NPS) is being administered and regulated by Pension Fund Regulatory and Development Authority (PFRDA)…
Curated By: Business Desk Last Updated: October 05, 2023, 13:10 IST Both schemes have their advantages and disadvantages. The National Pension Scheme was introduced by PFRDA or the Pension Fund Regulatory and Development Authority, in 2004, after the OPS (Old Pension Scheme) was discontinued. Pension is a crucial lifeline for senior citizens, providing them the…
Curated By: Business Desk Last Updated: September 26, 2023, 12:56 IST There is no limit on investment in VPF. VPF is a great savings plan, and it gives excellent returns helping save taxes. To encourage long-term savings and financial security, the Indian government has introduced the Voluntary Provident Fund (VPF), a voluntary investment scheme that…
Flashing her pink and yellow benefit cards, Sunita Seervi of Garnia village in Rajasthan’s Pali thanked the Ashok Gehlot-led government for introducing schemes that have improved her home budget. Be it Jodhpur, Jaipur or Udaipur, the chief minister’s face is plastered across cities in the state – on hoardings, poles, buses, walls, e-rickshaws – promising…