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Taking note of complaints from employees about delays in processing pension papers, NDMC chairman Manoj Kumar Dwivedi on Wednesday said he will personally hand over pension documents to retiring staff and ensure their pension is credited without delay. The New Delhi Municipal Council (NDMC) chairman posted on X that the decision was taken after several employees and associations approached him and highlighted that pension paperwork was often taking months to complete, forcing retirees to make repeated trips to offices even after their service had ended. "On the last day of the month I will personally give away pension documents and pension will be credited in the account of retirees without fail. No more running around for this," Dwivedi said in a post on X. He added that he will post pictures of it. The official said the move was aimed at recognising the contribution of employees who had spent years serving the NDMC, noting that many of those retiring were low-paid workers, includi
Pension savings, being among the longest-duration and most patient forms of capital, can play a key role in building infrastructure and supporting India's journey towards Viksit Bharat while generating returns aligned with long-term liabilities, Chief Economic Adviser V Anantha Nageswaran said on Tuesday. A deep and well-governed pension pool can contribute to the creation of a developed India by supporting growth-oriented investments while ensuring liability-aware returns for subscribers, he said while addressing an event organised by Pension Fund Regulatory and Development Authority (PFRDA). Nageswaran highlighted that pension funds globally have faced funding challenges, particularly in the past when low interest rates pushed investors towards riskier assets. "The funding gap has long plagued Western pension funds and narrowed somewhat as interest rates moved away from the zero-flow environment. However, a subtle risk has emerged," he said. Pension funds have increasingly moved
The Sri Lankan government has gazetted the Parliamentary Pensions (Repeal) Act after it was passed by parliament with an overwhelming majority on Tuesday, fulfilling a key campaign promise of President Anura Kumara Dissanayake. In Sri Lanka, a member of parliament was entitled to a pension after serving a five-year term. On Tuesday, lawmakers passed the bill by 154 votes in the 225-member House, with only two against. The remaining legislators were not present during the vote. The gazette has been dated Friday. On February 6, the Supreme Court had determined that the Parliamentary Pensions (Repeal) Bill can be passed in Parliament with a simple majority. The main aim of the bill was to repeal the Parliamentary Pensions Law No 1 of 1977 which had established a non-contributory life time pension to persons who have ceased to be members of parliament. The move caused outrage among former parliamentarians who sought the Supreme Court intervention without success to see it being ...
The government has launched a nationwide campaign 'Your Money, Your Right' to facilitate the settlement of unclaimed financial assets, and Rs 2,000 crore have been claimed by their rightful owners in October and November this year. The government launched the campaign on October 4 to facilitate the settlement of unclaimed financial assets, including bank deposits, insurance, dividends, shares, mutual funds and pensions, to their legitimate claimants. From October to December 5, 2025, camps have been held in 477 districts with participation of public representatives, district administration, and officials from financial institutions, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha. To maximise outreach during the campaign, standard operating procedures (SOPs), frequently asked questions (FAQs), and awareness material in major regional languages, along with short video messages, have been widely disseminated. District-level camps are organised
The Arunachal Pradesh government on Monday launched e-Bhavishya, a pension reform initiative aimed at ensuring transparent, speedy, and hassle-free disbursement of retirement benefits to government employees. Announcing the initiative through a social media post, Chief Minister Pema Khandu said the government was committed to honouring the service of its employees by ensuring that they receive their dues on time. He said the new system would guarantee delivery of the pension payment order (PPO) on the day of retirement, thereby removing delays that have long troubled pensioners. The reform also introduces real-time updates for retired employees on the status of their pension cases through the digital platform. Officials said with the introduction of e-Bhavishya, over 95 per cent of pension cases are expected to be disposed of within the next three years. Part of the government's broader agenda under 'PEMA 3 Year of Reforms & Growth', the initiative aims to bring accountability, .
The Centre on Wednesday informed the Supreme Court that it recently notified the Unified Pension Scheme which might address the concerns of judicial officers. A bench of Justices B R Gavai and Augustine George Masih heard the submission made by the Centre's counsel. Attorney general R Venkataramani and solicitor general Tushar Mehta appeared for the Centre and apprised the bench about the Unified Pension Scheme (UPS). The matter relates to the applicability of the New Pension Scheme to the officers of the district judiciary. "It is the submission of the attorney general as well as the solicitor general that the Unified Pension Scheme may address concerns of all the employees, including the judicial officers," observed the bench. The court therefore found it appropriate to defer the matter for some time to experience how the Unified Pension Scheme worked and then take a call on the issues at hand. The matter would be heard after 12 weeks. The case raises concerns over the disburse