Banks Can Now Independently Set Up NPS Pension Funds
PFRDA permits banks to establish pension funds for NPS, boosting competition. Fee structure revised from 2026. NPS Trust gets new trustees. Explore the impact on your retirement savings.
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Banks Get Nod to Directly Set Up NPS Pension Funds
PFRDA approves banks as direct pension fund sponsors for NPS, aiming to widen access and increase competition. New fee structure and trustees also announced.
Jalandhar artist creates sand art to welcome 2025
Jalandhar's sand artist, Satinder Singh, created a stunning artwork on New Year's Day 2025, depicting a clock and a dove. Discover his unique celebration and artistic vision.
TN Cabinet to decide on new pension scheme on January 6
A high-level Tamil Nadu committee reviewed recommendations for a unified pension scheme. The final decision will be taken by CM Stalin's cabinet on January 6. The panel also discussed the ongoing teachers' pay disparity protest.
Bihar's Rs 3,000 Monthly Pension for Artists Begins
Bihar government initiates Mukhyamantri Kalakar Pension Yojana, offering Rs 3,000 monthly to senior artists. 85 selected, process ongoing. Scheme aims financial security for state's traditional artists.
NPS Needs Rs 50,000 Tax Benefit in Upcoming Budget
Axis Pension Fund CEO calls for a Rs 50,000 tax deduction for NPS under Section 80C to revive the scheme's appeal under the new tax regime. Key demands ahead of the Union Budget.
HC Rejects Haryana Employees' Plea on Old Pension Scheme
Punjab & Haryana High Court dismisses petition by Haryana employees challenging the cut-off date for the Old Pension Scheme. The court upholds the state's policy decision. Read for details.
UP Old Age Pension Beneficiaries Rise to 67.5 Lakh
Uttar Pradesh's old age pension scheme expands to 67.5 lakh beneficiaries after adding 9.83 lakh in 2025. Digital drives weed out ineligible names, ensuring support reaches the deserving elderly.
German Citizen Ex-MLA Draws Pension, Congress MLA Protests
BRS leader Chennamaneni Ramesh, declared a non-citizen by Telangana HC, continues to receive MLA pension. Congress MLA Adi Srinivas demands recovery of all benefits. Read the full controversy.
New Pension Plan: Start Contributions at Birth for Secure Old Age
Experts propose a radical pension model for Viksit Bharat: start contributions at birth with a govt seed fund. This could secure a ₹2.1 lakh monthly pension by 60, tackling India's ageing crisis. Read the full proposal.
2025: A Turning Point for India's Pension System
2025 saw landmark reforms in India's retirement landscape. Explore key changes to NPS flexibility and stricter EPF withdrawal rules, and learn how they impact your financial future.
Centre Blocks Pension Funds, Kerala Govt Pays Advance
Kerala Finance Minister K N Balagopal alleges the central government has failed to transfer welfare pensions, despite the state advancing Rs 25 crore. Over 8.4 lakh beneficiaries affected.
HC: State pension no automatic right to Central pension
Madras High Court clarifies that a state govt's freedom fighter pension does not create an automatic right to the Central govt's pension. The conditions of the Union scheme must be independently satisfied. Learn more about the key ruling.
Telangana Pension Audit Exposes Widespread Fraud
A pilot audit in Telangana reveals 10% of social pension beneficiaries are ineligible, including govt employees' families & car owners. State plans massive clean-up. Read details.
Uttarakhand Cabinet Approves Major Policy Decisions
Uttarakhand cabinet approves major policy changes including healthcare reforms, tax cuts on clean fuels, higher pensions for artists, and incentives for doctors in remote areas. Read the full details.
HC ends 19-year dispute, orders pension for adopted son
Punjab & Haryana High Court directs PSEB to release pension with 9% interest to adopted son after 19-year legal fight, upholding adoption validity. Justice served.
NPS Reforms: Lower Lock-in, Annuitization Rules Eased
PFRDA's latest NPS reforms reduce lock-in to 15 years, ease annuitization rules, and add gold ETFs. Discover how these changes strengthen retirement planning for Indians.
HC Grants Pension to Mother After Teacher Son's Death
Punjab and Haryana High Court directs Haryana govt to give pension to mother of deceased teacher, ruling nomination by husband doesn't bar claim. Read the full story.
Bihar Minister Unveils Industrial Security Force Plan at Bengaluru Conclave
Bihar Industries Minister Dilip Kumar Jaiswal announced policy reforms & a new Industrial Security Force (BISF) to boost investor confidence. Details from the Bihar @ 2047 Vision Conclave.
Key PFRDA Amendments Boost Flexibility for NPS Subscribers
PFRDA amends rules, giving NPS subscribers more control over fund managers and investment choices. Learn how these changes impact your retirement corpus.
HC Orders Immediate Pension Process for Retired Judge Sridevi
Telangana High Court orders state govt to immediately begin pension process for retired judge Justice G Sridevi. Status report due by Jan 5, 2026. Read the full story.
Maharashtra Ends No-Dues Certificates for Faster Pensions
Maharashtra govt eliminates mandatory no-dues & inquiry certificates for retiring employees, ensuring timely pension processing. A major reform to prevent financial hardship.
Maharashtra ends no-dues certificate rule for pensions
Maharashtra govt scraps mandatory no-dues certificates for retiring employees, aiming to expedite pension processing and prevent financial hardship. Learn about the key reforms.
NPS New Rules: 80% Lump Sum, Exit Age 85
PFRDA's new NPS norms boost lump sum withdrawal to 80% for private subscribers, raise exit age to 85, and allow loans against corpus. Key changes explained.
SC Grants Disability Pension to Retired Colonel Injured in Service
Supreme Court dismisses Centre's appeal, grants disability pension to Colonel Harinder Pal Singh for injuries sustained during service, including while on leave. Landmark ruling upholds 'national extension of employment' principle.
NPS Overhaul: 80% Withdrawal Allowed, Age Limit Raised to 85
PFRDA's major NPS overhaul allows private sector subscribers to withdraw 80% of their corpus and stay invested until 85. New withdrawal options introduced. Read for key details and tax implications.
PFRDA Relaxes NPS Exit, Withdrawal Rules; Age Limit 85
PFRDA's new NPS rules raise exit age to 85, allow 80% withdrawal for private subscribers, and permit using pension corpus as loan collateral. Get details here.
Himachal clears Rs 2,155 crore in employee, pensioner arrears
Himachal Pradesh CM Sukhvinder Singh Sukhu announces Rs 2,155 crore spent on clearing pending dues. The government pledges to settle all arrears by 2027 as state revenue improves. Details inside.
Himachal Pays 70% Pension Arrears to Seniors Above 70
Himachal Pradesh CM Sukhvinder Singh Sukhu announced 70% arrears cleared for pensioners above 70, with the rest due in 40 days. The government has spent Rs 2,155 crore on employee and pensioner dues.
NPS Exit Rules Eased: Up to 80% Lump Sum Withdrawal Now Allowed
PFRDA slashes mandatory annuity purchase to 20% for non-government NPS subscribers, allowing up to 80% lump sum withdrawal at exit. New rules offer greater control over retirement savings.
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