close
This ad will auto close in 10 seconds

Let govt staff's pension funds to invest 50% in equities: PFRDA

The pensions fund regulator PFRDA wants government to more than treble investment levels in equity markets by government subscribers under the National Pension System (NPS) up to 50 percent from 15 percent now.

 

Yes Bank raises Rs 3,000 crore from bonds

Yes Bank raises Rs 3,000 crore from bonds

Private sector Yes Bank on Saturday said it has raised Rs 3,000 crore from bonds to fund business expansion.

Jaitley discusses sovereign wealth fund roadmap

Jaitley discusses sovereign wealth fund roadmap

New Delhi: Finance Minister Arun Jaitley on Wednesday discussed the operationalisation of India`s first Rs 40,000 crore sovereign wealth fund, the National Investment and Infrastructure Fund (NIIF).
 

Arun Jaitley invites pension funds, other Japanese investors

Arun Jaitley invites pension funds, other Japanese investors

Keen on investments from Japan to boost economic growth, Finance Minister Arun Jaitley Monday met key ministers in the Japanese administration and wooed pension funds to partner in India's infrastructure development.

Low interest rates make saving nearly mission impossible

While borrowers rejoice at the ultra low and even negative interest rates in Europe, savers fret and life insurance companies and pension funds face what is virtually a mission impossible.

World Bank's pension investments clash with principles

The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution`s own calls for ethical and low-carbon investing.

'Govt plans to sell road projects worth Rs 1L cr to foreign funds'

The government plans to sell highways projects worth Rs 1 lakh crore to foreign pension and insurance funds to attract overseas investments into the sector, Union Minister Nitin Gadkari said on Wednesday.

PM Modi courts Canada banks, insurers, pension funds

He also said that he understood the need for consistency in regulation and that India has learnt from its past missteps. 

Investors pull $4 billion from hedge funds amid lacklustre returns

Wealthy investors protested the hedge fund industry`s recent lacklustre returns and high fees by pulling a net $4 billion out of the $2.5 trillion industry during the first two months of 2015, data released on Tuesday show.

Old, disabled retirees should get pension at doorstep: Govt

An online Pension Sanction and Payment Tracking System called 'BHAVISHYA' has been launched.

SEBI wants young, high-earning workers' pension money in MFs

Market regulator SEBI has pitched for a part of money lying in employee pension funds to be invested in mutual fund schemes for investors aged below 40-45 years and those earning over Rs 6,500 per month.

Need new fund-raising avenues to meet capital requirements

Alternate avenues for fund raising like insurance and pension funds need to be tapped into to meet India's growing capital requirements and to achieve the growth target of 8 percent during the 12th Plan period, says a study.

Higher contributions to pension in new cases not allowed: EPFO

Retirement fund body EPFO will not allow higher contribution towards pension scheme in fresh cases for time being as it causes additional financial burden on the Employees' Pension Scheme 1995 (EPS-95).

PF, pension funds can soon invest in corporate bonds

The Finance Ministry on Friday said it will soon relax norms to enable pension and provident funds to invest in the corporate bond market, with a view to provide an additional funding source for infrastructure projects.

EPFO may fix minimum pension at Rs 1,000 per month next week

Retirement fund body EPFO may take a final decision on fixing the minimum pension for its subscribers at Rs 1,000 per month, during a meeting of the Central Board of Trustees (CBT) scheduled on February 22.