RBI warns states against old pension scheme, calls it 'major risk'
The development comes at a time when Congress-ruled states like Himachal Pradesh, Chhattisgarh and Rajasthan have opted to roll out the old pension scheme.
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Budget 2023: EY India suggests nil tax on income up to ₹5 lakh under new regime
The new concessional tax regime will become attractive for the tax payers if income up to ₹5 lakh annually is exempt from taxation, says EY India.
Best NPS Funds
NPS provides flexibility of investing in a mix of asset classes, including equities, government securities, corporate bonds, and alternative assets. Here's how category winners played the game.
7th Pay Commission: DR hiked by 4% for central govt pensioners
While DA is given to government employees, DR is given to government pensioners. Dearness relief is calculated twice a year in March and September.
Pension subscriber base surges 22% YoY to 5.2 crore in March
The total pension assets under management grew by 27.43% year-on-year to ₹7.36 lakh crore by the end-March 2022, as per the finance ministry data.
Rajasthan decision to revert to old pension a hard hit on NexGen finances
The pay-as-you-go scheme for pension is supposed to be a whacking on the finances of the current generation of taxpayers.
Budget 2022: Economic Survey says 78% opt for ₹1,000 pension in Atal Yojana
Young subscribers joining the APY scheme at an early age are required to pay a lesser monthly subscription amount compared to the subscriber joining at a later age.
