Page 2 - Pension In India
Senior citizens above 75 years can avoid filing ITR from next year
Instead, they will just have to make a declaration in Form 12BBA to their bank, which will deduct TDS
 "Senior citizens above 75 years can avoid filing ITR from next year")
Deeply disturbed over changes in pension rules: Ex-civil servants to PM
The former civil servants said they were unable to understand why there was a need for such an amendment to the Central Pension Rules
 "Deeply disturbed over changes in pension rules: Ex-civil servants to PM")
What the lay citizen and the experts want the Budget to deliver on Feb 1
Top of the wish list is an increase in deduction under Sections 80C, 80CCC and 80 CCD(1) from Rs 1.5 lakh to Rs 2.5 lakh
 "What the lay citizen and the experts want the Budget to deliver on Feb 1")
No pension cut to central govt employees: FinMin refutes news of 20% cut
"It is being reported that a 20 per cent cut in central government pensions is being planned. This news is false," the ministry tweeted.
 "No pension cut to central govt employees: FinMin refutes news of 20% cut")
ELSS: Get potentially higher returns with shortest lock-in tenure
Give these equity-linked instruments at least seven years to yield good returns
 "ELSS: Get potentially higher returns with shortest lock-in tenure")
Pension market set for deep reforms; foreign funds to get more leeway
This could entail a thorough rewrite of the pension products that insurance companies and some mutual funds offer today
 "Pension market set for deep reforms; foreign funds to get more leeway")
Aadhaar made mandatory for subscribers of PMVVY pension scheme
In the Budget 2018-19, the maximum limit under PMVVY was doubled to Rs 15 lakh per senior citizen
 "Aadhaar made mandatory for subscribers of PMVVY pension scheme")
Govt approves pension option for over 42,000 employees of PSU insurers
This benefit is applicable to those who have joined any of the Public Sector Insurance Companies (PSICs) on or before June 28, 1995
 "Govt approves pension option for over 42,000 employees of PSU insurers")
Hassle free pension disbursal soon as CAG initiates digitisation of process
The digital service and disbursal will soon be available in at least 21 states and Union Territories
 "Hassle free pension disbursal soon as CAG initiates digitisation of process")
Senior citizens plan stir against Rs 200/mth under universal pension scheme
The rally will be organised under the banner of NGO HelpAge India and Pension Parishad, a network of around 200 civil society organisations
 "Senior citizens plan stir against Rs 200/mth under universal pension scheme")
58 mn living sans pension, govt spends 0.4% of GDP on key scheme: Survey
According to the National Social Assistance Programme, a welfare programme administered by the Ministry of Rural Development, 80 million people in India are entitled to a pension of Rs 200 per month
 "58 mn living sans pension, govt spends 0.4% of GDP on key scheme: Survey")
Govt should expand coverage of old-age pension, hike amount: activists
Suggest 0.8% wealth tax on the most affluent, seek minimum pension of Rs 2,500 a month
 "Govt should expand coverage of old-age pension, hike amount: activists")
India's pension system more sustainable than that of Germany, France, China
India's position in sub-index value under sustainability increased from 40.9 to 43.8 in 2017
 "India's pension system more sustainable than that of Germany, France, China")
