While digitalisation has revolutionised the accessibility and administration of pension schemes in India, AI-driven predictive models can allow pension fund managers to make more informed decisions about investment strategies, risk management, and asset allocation.
6 min read13 Jan 2025It’s welcome that this retiral fund plans to enable ATM withdrawals as part of an upgrade plan billed as EPFO 3.0, with added flexibility options, but it urgently needs to relieve its pensioners waiting for a Supreme Court order to be implemented in their favour.
3 min read16 Dec 2024The five key differences between the Unified Pension Scheme (UPS) and the Old Pension Scheme (OPS) are - Differences in pension calculation, employee contribution to UPS, tax benefits, higher minimum pension in UPS and lumpsum payments.
3 min read25 Aug 2024To simplify the process, it is recommended to process a cashless claim with the first insurer and claim reimbursement from the second insurer for the residual amount.
1 min read1 Jun 2023Annuity means fixed sum of money paid to a subscriber at a set frequency for the rest of their life.
4 min read11 Apr 2023The Pension Fund Regulatory and Development Authority manages the National Pension System (NPS), a government-backed pension programme.
9 min read6 Apr 2023Pension income is considered Salary Income and is taxed at the taxpayer’s appropriate slab rates.
6 min read26 Mar 2023As per the latest guidelines from provident funds and pension regulator, PFRDA, NPS subscribers must ensure that their PAN is linked with Aadhaar or they will face certain restrictions in their transactions from April 1st, 2023.
2 min read26 Mar 2023As the financial year is near to its end, it is high-time for tax payers to recheck their investments and opt for the unutilised ones to ensure optimum tax savings. Here are the top tax-saving investment options people can consider before 31 March
5 min read26 Mar 2023The NPS also provides subscribers with tax incentives under the Income Tax Act of 1961. Contributions made towards the scheme are deductible under Section 80C of the Act, up to a maximum of Rs. 1.5 lakh per year.
7 min read25 Mar 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
Exciting, sharp and clear analysis of the trends that matter, through data and charts. Plain Facts is published every weekday, with coverage spanning across themes, including corporate strategy to inflation to unemployment and emerging sectors. Follow us on #MintPlainFacts across social media.