The Centre is proposing a major revamp of the National Social Assistance Programme (NSAP) that could raise pension payouts for senior citizens, widows and those with disabilities. In the senior citizen category, pensions could go up to Rs 1,000 per month from Rs 500 now for those above 80 years of age and to Rs 500 per month […]Continue Reading..
If the suggestions of the pension fund regulator PFRDA are accepted by the government in next year’s Budget, NPS or National Pension Scheme could get more income tax benefits. The pension fund regulator has urged the government to increase the income tax deduction limit to ₹1 lakh for investment in Tier I NPS account under Section 80CCD (1B) […]Continue Reading..
From this month onwards, funds under the Pradhan Mantri Kisan Samman Nidhi Yojana (PM-Kisan) will be transferred to only Aadhaar-authenticated bank accounts of eligible farmers, Agriculture Minister Narendra Singh Tomar said in Lok Sabha on Tuesday. Under PM-Kisan scheme, the government is providing Rs 6,000 per annum in three equal installments to 14 crore farmers. The amount is directly […]Continue Reading..
India’s largest bank, the State Bank of India (SBI), has asked pension account holders to submit their life certificate or Jeevan Praman Patra at its bank branches or online by the end of this month. “Complete your Life Certificate submission before 30th November, 2019 to ensure that your pension payments would continue. The certificate can […]Continue Reading..
The government on Wednesday extended Aadhaar seeding date till November 30 to avail Rs 6,000 benefit under the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme to help farmers buy farm inputs ahead of rabi sowing season. The decision in this regard was taken in the meeting of the Cabinet Committee on Economic Affairs (CCEA), headed […]Continue Reading..
Prime Minister Narendra Modi on Thursday (September 12) launched the National Pension Scheme for Traders and Self Employed Persons. The scheme is aimed at providing old age protection and social security to small traders, retailers and their families. The pension scheme will provide a monthly pension of Rs 3,000 to its subscribers once they achieve […]Continue Reading..
Eligibility The scheme is applicable for all citizens of India (age group of 18-60 years) in the unorganized sector, person will be deemed to belong to the unorganised sector if that person is not in regular employment of the Central or a state government, or an autonomous body/ public sector undertaking of the Central or […]Continue Reading..
National Pension System (NPS), a government-sponsored retirement planning, enables the subscriber to set his or her own choice for fund allocation to different asset classes.Originally launched for the government employees in 2004 and extended to the general public in 2009, NPS gives the investor flexibility in terms of timing of contribution, choice of pension fund, and choice […]Continue Reading..
NPS: In Budget 2019, some exclusive benefits for central government employees were announced However, the higher income tax exemption on withdrawal from NPS will be available for other subscribers also Union Finance Minister Nirmala Sitharaman in Budget 2019 proposed many changes to the income tax rules governing investment and withdrawal in retirement pension scheme NPS, though some […]Continue Reading..
The Indira Gandhi National Disability Scheme was launched on February 2009 by the Ministry of Rural Development headed by the Central Government to support the disabled people in our country. This scheme introduced under National Social Assistance Program provides monthly pension to disabled people for the prosperity of their lives. Any disabled person whose age […]Continue Reading..