Tag: NPS

EPFO implements automatic transfer system of PF balance

The Employees' Provident Fund Organisation (EPFO) has introduced a new system that will automatically transfer a subscriber’s provident fund balance to the new employer’s...

Revised NPS for Maharashtra govt staff

In response to the state government employees’ demand for the old pension scheme or OPS to be reinstated, the Maharashtra government has announced a...

FundsIndia empowers staff with ESOP and NPS

In a strategic move aimed at fostering employee loyalty and encouraging long-term commitment, FundsIndia has taken a significant step. The online investment platform headquartered...

DA hike for Central govt; assured pension for Kerala govt staff

The hike in dearness allowance (DA) of Central government employees is expected be four per cent. The approval for the same may come in...

Restore old pension scheme: JFROPS

Central government staff, including employees of the Railways, Defence, Postal and State governments have started a four-day relay hunger fast across the country, demanding...

Maharashtra government workers end strike as CM considers OPS

Government employees in Maharashtra have concluded their indefinite strike after Eknath Shinde, chief minister (CM), Maharashtra, assured them of considering the revival of the...

Thousands gather to demand restoration of OPS

On 1 October 2023, the Ramlila Maidan in Delhi was witness to a huge gathering of employees of the Central government and 20 state...

Assam government employees rally for OPS restoration

On August 22 and 23, 2023, the All Assam Government NPS Employees’ Association (AAGNPSEA) has called for a strike to reinstate the old pension...

Rally against National Pension Scheme on 10 August, in Delhi

A rally is to be held in Delhi’s Ramlila Maidan, demanding the restoration of the old pension scheme (OPS). The rally, which has the...

Amidst the OPS-NPS conflict, govt denies proposal for 40-45% minimum pension

There has been a heated conflict between the central government and the opposition regarding the old pension scheme (OPS) and the new pension scheme...

Unions want OPS restored, Raghuram Rajan says, ‘not a good idea’

While various employee unions of Central and state governments are threatening to agitate if the old pension scheme is not restored, Raghuram Rajan, former...

Salary can’t be held back for not opting for NPS: Allahabad...

According to the Allahabad High Court, it is not possible for the Uttar Pradesh government to withhold the salary of its employees just because...

OPS or NPS: Chattisgarh govt lets its employees decide

The Congress government has offered employees the option to choose between the Old Pension Scheme (OPS) and the New Pension Scheme (NPS) in the...

Disparity on NPS tax exemption: Partial withdrawals benefit only employees

From the total amount of the NPS account, only partial withdrawals of up to 25 per cent are exempt from tax. But currently, this...

Govt employees under NPS on indefinite strike from Monday

To show their anguish towards the scrapping of the National Pension Scheme (NPS), the Karnataka Government employees under the NPS called for an indefinite...

Centre eases family pension rules for kin of missing govt employees

As per a notification from the Department of Personnel and Training (DOPT), pension rules have been eased out. Following relaxation of certain rules by...

Proposal to make employers’ contributions to NPS tax free

Pension Fund Regulatory and Development Authority (PFRDA) proposes that the employers’ contribution of 14 per cent under the National Pension Scheme (NPS) be made...

Investment in Tier II NPS eligible for tax deduction under Sec...

Investment in the Tier II account of the National Pension System (NPS) will now be eligible for tax deduction under Section 80C, as per...

EPF contribution extended till Aug, NPS tier-II eligible for tax deduction

The Government will continue to contribute 24 per cent towards the Employees’ Provident Fund (EPF) —12 per cent employees’ share and 12 per cent...

National Pension System can be availed by Indian citizens overseas too

The National Pension Scheme was earlier meant for government employees joining service with effect from January, 2004. Later, however, it was extended to all...

Freezing order does not apply to EPF, PPF, NPS balance

It is a common practice for banks to claim the assets of a person who has failed to repay a loan. Property, shares, mutual...

National Pension Scheme revamped, Government contribution increased by 4%

The Central Government announced a hike for its employees, who have been in service since January, 2004, under the National Pension Scheme (NPS). The...

National Pension Scheme allows 25% withdrawal before maturity

NPS is a voluntary, defined contribution retirement savings scheme for Indian employees during their working life.

How this energy company is championing employee inclusivity & engagement

In today’s competitive business landscape, fostering an inclusive and engaging work environment is not just a feel-good initiative; it’s a strategic imperative. Jakson Green,...

Trident’s Asmita leaves blossom into inclusive workplaces

Forget the tired trope of corporate activism. In the heart of India's textile industry, Trident, a manufacturing company, is quietly weaving a revolution in...
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Engagement is outdated: The future of success lies in ‘employee involvement’

In the ever-evolving landscape of the contemporary workplace, a profound metamorphosis is underway, challenging the conventional emphasis on employee engagement. This paradigm shift posits...
Tata Steel employee vehicle ban

Tata Steel: Journey through excellence in talent acquisition 

Tata Steel, part of the Tata Group, is a multinational steel-making company headquartered in Mumbai, India. It is one of the world's leading steel...

‘Jensen special grant’ for Nvidia employees

Nvidia, the chip making firm, is sharing its profits with its employees and how! It is giving its employees a special one-time grant of...

Latest

Royal Bank of Canada fires CFO for violating code of conduct

Nadine Ahn, chief financial officer (CFO), Royal Bank of Canada, was terminated from service for carrying on in a personal, close and secret relationship...
Nina Nair

[24]7.ai elevates Nina Nair to CHRO-global BPO business

7.ai, a provider of digital business services and Customer Experience (CX) products and solutions, has elevated Nina Nair to chief human resource officer (CHRO)...

Bharti Airtel v. A.S. Raghavendra: Employee cannot dictate employment terms, employer’s appraisal prevails: SC

The Supreme Court of India has ruled that an employee cannot dictate their employment terms to their employer. In a recent case (M/s Bharti...

Zee Entertainment’s overhaul; layoffs for leaner operations

In an effort to cut costs and streamline its operations, Zee Entertainment is set to undergo a significant restructuring. The decision will impact an...

DIALOGUE

Data analytics and not technology will redefine HR

Q. How satisfying has been your professional journey of 39 years? A. It has been a bagful of mixed experiences. At times I have been...

EQ, IQ & empathy define the success of a CEO

Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...

“The big change has been that we have moved from jobs to skills,” Amaresh...

Q. How would you define the culture at GE? A. Having been present in this region since 1902, GE has been around for 120 years....
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