No annuity rider, NPS subscribers get ₹5 lakh exit option The National Pension System (NPS) will no longer compel investors to convert 40% of their accumulated retirement corpus into an annuity, as poor yields on annuities and high inflation are translating into negative returns, the Pension Fund Regulatory and Development Authority (PFRDA) Chairman, Supratim Bandyopadhyay, … [Read more...] about No annuity rider, NPS subscribers get ₹5 lakh exit option
Important Reforms by DoPPW for pensioners during Covid-19 pandemic
Important Reforms by DoPPW for pensioners during Covid-19 pandemic As per Rule 64 of CCS (Pension) Rules, 1972, provisional pension is sanctioned for a period of 6 months, in cases where a Government servant is likely to retire before finalization of his pension. In view of the COVID-19 pandemic, instructions have been issued vide OM No.12/9/2020-P&PW(C)-6450 dated 17th … [Read more...] about Important Reforms by DoPPW for pensioners during Covid-19 pandemic
Basic Savings Accounts under Post Office Savings Account Scheme 2019
Basic Savings Accounts under Post Office Savings Account Scheme 2019 SB Order No. 08/2021 F.No. 113-03/2017-SB(Pt-I) Govt. of India Ministry of Communications Department of Posts (FS Division) Dak Bhawan, New Delhi-110001 Dated: 30.04.2021 To, All Heads of Circles / Regions Subject: – Introduction of “Basic Savings Accounts” under Post Office Savings Account Scheme … [Read more...] about Basic Savings Accounts under Post Office Savings Account Scheme 2019
Attendance of Central Government Officials – Extended up to 31st May, 2021
Attendance of Central Government Officials - Extended up to 31st May, 2021 F.No. 11013/9/2014-Estt. A-III Government of India Ministry of Personnel, Public Grievances and Pensions, Department of Personnel & Training North Block, New Delhi Dated the 3rd May 2021 Office Memorandum Subject : Preventive measures to contain the spread of Novel Coronavirus (COVID-19) - … [Read more...] about Attendance of Central Government Officials – Extended up to 31st May, 2021
PPF withdrawal rules before maturity – explained
PPF withdrawal rules before maturity - explained Public Provident Fund or PPF is an investment cum tax saving tool. In the long-term, PPF interest rate (currently 7.1 per cent) helps an investor beat the inflation too. So, among the risk-free investment options, PPF is one of the most favoured options by investors who have low risk appetite. PPF account has maturity period 0f … [Read more...] about PPF withdrawal rules before maturity – explained
PFRDA to raise max age for admission under NPS to 70
PFRDA to raise max age for admission under NPS to 70 The regulator also proposed a minimum guaranteed return product under pension scheme The National Pension System (NPS) is set to admit new subscribers as old as 70, introduce a guaranteed pension scheme, and allow full withdrawals up to ₹5 lakh on maturity, India’s pension regulator said. Around 15,000 people above 60 … [Read more...] about PFRDA to raise max age for admission under NPS to 70
Payment of Immediate relief to family of an employee who dies while in service in cash
Payment of Immediate relief to family of an employee who dies while in service in cash File No: TA-2-03002(01)/6/2021 TA-II/383 O/o Controller General of Accounts Ministry of Finance Department of Expenditure Mahalekha Niyantrak Bhawan INA GPO Complex, New Delhi-110023 Dated 30th April, 2021 OFFICE MEMORANDUM Subject: Payment of Immediate relief to family of an … [Read more...] about Payment of Immediate relief to family of an employee who dies while in service in cash
Important Rules related to Family Pension – Rule 6 to 10
“75 important rules related to Family pension” with a view to creating awareness among elderly pensioners. Important Rules related to Family Pension – Rule 6 to 10 https://www.7thpc.com/2021/04/15/important-rules-related-to-family-pension-rule-1-to-5/ 6. What is the amount of minimum family pension under the Government? The amount of minimum family pension under the … [Read more...] about Important Rules related to Family Pension – Rule 6 to 10
AICPIN for the month of March 2021.
AICPIN for the month of March 2021. Consumer Price Index for Industrial Workers (2016=100) – March, 2021 Key Highlights. All-India Consumer Price Index for Industrial Workers (2016=100) for March, 2021 increased to 119.6 points compared to 119.0 points for February, 2021. The increase observed in index is mainly due to items like Cooking Gas, Petrol, Poultry … [Read more...] about AICPIN for the month of March 2021.
Revised guidelines for Home Isolation of mild /asymptomatic COVID-19 cases
Revised guidelines for Home Isolation of mild /asymptomatic COVID-19 cases 28th April 2021 Government of India Ministry of Health & Family Welfare 1. Background The guidelines are in supersession to the guidelines issued on the subject on 2nd July, 2020. As per the guidelines, the patients who are clinically assigned to be mild /asymptomatic are recommended for … [Read more...] about Revised guidelines for Home Isolation of mild /asymptomatic COVID-19 cases