Tag: NPS

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.

Intel implements pay cuts; CEO to take 25% cut

It hasn’t been long since Intel announced the layoff of about 340 people in California. And now, it is reportedly resorting to pay cuts....

Latest

Edtech unicorn, Physics Wallah, to expand team by 2500

Physics Wallah, the unicorn edtech firm is hiring at a time when other edtech firms are downsizing significantly. The Company intends to expand its...

Google fires head of mental health and wellbeing

The tech sector has experienced layoffs in the last quarter of 2022 and this trend has continued into 2023 with the announcements of significant...

SAP, Hasbro, Sirion Labs, Tier lay off employees

SAP SAP announced on Thursday that it will be cutting 2.5 per cent of its worldwide workforce. The decision has been taken as a step...

Uber Freight to sack 3% of its workforce

Uber Freight announced on Tuesday that it will be cutting around 150 jobs, which is roughly 3 per cent of its total workforce. As...

DIALOGUE

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....

“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...