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EPFO avoids proposal to hike equity investment limit to 20%

-PTI/ The Telegraph Retirement fund body introduces a facility to allow its over 73 lakh pensioners to submit digital life certificate using face authentication technology Retirement fund body EPFO has not taken up the proposal to hike the investment limit in equities to 20 per cent from the existing 15 per cent, following demand for more deliberation from employees’ representatives in its trustees’ meet earlier this week. “The proposal to enhance investment in...

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Plight of the small peasantry in Punjab is affecting their mental health, highlights field-based study

Door-to-door and village-to-village surveys carried out by researchers of the Department of Economics and Sociology, Punjab Agricultural University, Ludhiana detected a total of 9,291 suicides that were committed by farmers in six districts of Punjab during the period from 2000 to 2018. Situated in the Malwa region of Punjab, which is known for cotton farming and the prevalence of cancer among its population, Sangrur (2,506) witnessed the highest number of...

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Sand Pit Warriors -Moumita Chaudhuri

-The Telegraph The Telegraph reports on a riverine community’s determination to save its environs Once upon a time, when my forefathers were looking for land to settle down, they found this barren sandbar and decided to make it a habitable place,” says Nani Roy, 42, a resident of Manachar. Char is the Bengali word for sandbar. Manachar is the sandbar that extends from Durgapur Barrage to Panagarh in Burdwan district. About three...

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Old Age Pension: Stagnant Amounts and Gender Differential -Richa Chintan

-Newsclick.in Since 2007, the central government has given a meagre Rs 7 to Rs 16 per day to the elderly. Some states have recently announced an increase in entitlements under the old-age pension scheme. For instance, Andhra Pradesh increased the Old Age Pension amount by about Rs 250 to Rs 2500 per month at the beginning of 2022. More recently, the Uttar Pradesh government has announced an increase in the old-age pension...

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India fares poorly in global ranking of pension systems

-The Hindu Business Line Iceland tops Mercer study on retirement income systems Old age security is a big worry for Indians as income at retirement is far from adequate for most people. Now, a global study done by Mercer Consulting validates this fear as it reveals that the Indian pension system ranks a lowly 40 in a comparative index of 43 systems. The primary objective of this annual survey by the global management...

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