GOVERNMENT PENSIONERS
FM asks NIIF to leverage its sovereign-backed design, explore diversified finance sources
Finance Minister Nirmala Sitharaman urged the National Investment and Infrastructure Fund to highlight its achievements. She emphasized proactive fundraising and exploring diverse financing sources. The NIIF's assets under management have increased significantly. The Governing Council acknowledged NIIF's role in mobilizing capital. They reviewed the performance of its various funds.
In a big u-turn, UK restores winter fuel payments to millions of pensioners
Facing intense political pressure, Prime Minister Keir Starmer's Labour government in the United Kingdom has reversed unpopular cuts to winter fuel payments. This decision, made on June 9, will restore the subsidy to 9 million pensioners for the 2025 winter season. The U-turn will cost the government 1.25 billion pounds.
Insurance sector: Has it reached an inflection point as ‘insurance for all’ gets on priority list? 8 stocks with upside potential of up to 40%
There are reports that suggest the government is considering major changes in how the insurance products are distributed. Right from insurance agents to PSU banks, there is a plan to revamp with a focus on “insurance for all”. Will this change the picture of the insurance industry? Or, after a blip, will the stocks again underperform in bullish markets? Now, before “insurance for all” starts hogging the headlines, here are a few things you should know as an investor.
Los Angeles protests: What is the role of the US National Guard—and how is it deployed?
Los Angeles faced intense protests due to President Trump's decision to deploy the National Guard. Demonstrators blocked highways and clashed with law enforcement. The National Guard's role is to protect federal buildings. This deployment is controversial because it bypassed the governor's request. Critics view it as federal overreach. The situation has sparked debate about state and federal power.
Is UPS better than NPS for government employees? Here’s how to decide
By 30 June, central government employees must decide whether to continue with the National Pension System (NPS) or switch to the newly rolled out Unified Pension Scheme (UPS) as their retirement chariot. This switch can only be exercised once.
Cash discovery row: Resignation only option before Justice Varma to avoid removal by Parliament
Justice Yashwant Varma may face impeachment proceedings in Parliament. This is regarding alleged corruption. Resignation is an option to avoid removal. Chief Justice of India Sanjiv Khanna had recommended Varma's removal. A committee investigated the matter. Parliament will decide on impeachment. Previous judges faced similar situations. The Monsoon session will address this. The case involves discovery of cash.
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Mohandas Pai flags lack of domestic capital for Indian startups, calls for policy overhaul
Pai pointed out that, unlike the US, where insurance companies and university endowments are major sources of startup funding, Indian endowments are prohibited from investing in startups by government policy, and insurance companies remain largely absent due to incomplete regulatory reforms.
Can an American pope apply US-style fundraising and standards to fix troubled Vatican finances?
Pope Leo XIV, formerly Bishop Robert Prevost, confronts the Vatican's significant financial challenges, including a structural deficit and pension shortfall. His American background is expected to inspire confidence among U.S. donors, crucial for Vatican finances.
Modi govt says worked in past 11 years to uplift middle-class
The Modi government asserts its dedication to improving the lives of the middle class. Government states that policies and reforms have addressed daily challenges. These initiatives aim to enhance financial security and housing. Healthcare and skill development are also focus areas.
Jammu and Kashmir DA hike 2025: Pensioners to get 55% DA from January 1, arrears in June
Dearness Allowance hiked: Central government employees would see an increase of 2% in dearness allowance-from 53% to 55%, as per a government issued on June 4, 2025
Green Investing: How Indian investors can drive real change on World Environment Day
Sustainability is no longer just a corporate or policy trend in India. From choosing electric vehicles and reusable products to supporting responsible brands, individuals today, especially the younger generation, are aligning daily decisions with environmental impact.
Fraud beneficiaries of Ladki Bahin Yojana beware: Maharashtra govt to cross-check income tax data; check who is eligible to get Rs 1,500 per month
The Maharashtra government can now access Income Tax Return data to identify fraudulent beneficiaries of the Ladki Bahin Yojana. This move, enabled by a central government notification, aims to tighten screening and ensure only eligible women from economically weaker backgrounds receive the financial assistance of Rs. 1500 or more per month.
Eid 2025 Holiday India: Are offices, banks, colleges, and schools closed on June 6 and 7? Here's what’s open and what’s closed state-wise
Eid al-Adha, or Bakrid, is anticipated in India around this weekend, contingent on the crescent moon sighting. Banks, government offices, and educational institutions nationwide will observe closures. On June 7, 2025, most banks will be closed, excluding a few cities, while stock markets remain open.
Social Security Fairness Act benefit increases reach 91% processed — what public employees need to know about their higher Social Security payments and lump sum retroactive checks in 2025
Social Security Fairness Act benefit increases and lump sum payments have now been processed for about 91% of the nearly 3 million affected people. This new law, passed in January, removes rules that lowered benefits for public workers with pensions but no Social Security taxes. Many beneficiaries are seeing monthly Social Security check boosts and retroactive lump sums from January 2024. While automation sped up payments, about 300,000 complex cases still need manual review. The Social Security Administration promises to complete all adjustments by early November, ensuring fairer benefits for teachers, firefighters, and other public servants.
No pensioner should face problems to get dues: Union minister Jitendra Singh
Union Minister Jitendra Singh emphasized administrative sensitivity and efficiency in resolving pensioners' grievances, ensuring no retiree struggles to receive their dues. He advocated for a time-bound redressal mechanism, aligning with the Prime Minister's citizen-centric governance model.
Social Security Fairness Act big update given on expanded benefits. Here's how it will impact millions of Americans
The Social Security Administration is processing expanded benefits under the Social Security Fairness Act. The Act removes provisions that reduced benefits for some. Around 91% of cases are processed, with retroactive payments issued. Complex cases are still under review. Commissioner Frank Bisignano aims to resolve all claims by July 1.
Many Indians may not be saving enough for retirement
In its report, released on Wednesday, based on the analysis of a pension survey conducted between August 2024 and September 2024, Grant Thornton Bharat said there is a significant gap between the desired pension and the perceived adequacy of current retirement savings, suggesting the need for introducing more guaranteed income products, such as annuities, to cater to the demand for stability.
FD interest rates are falling: Can corporate bonds offer better returns with safety?
Today, the bond market in India surged to $2.6 trillion, of which $1.3 trillion, or 45%, is made up of corporate bonds. Corporate bonds have been benefitting from the headwinds of companies allocating a higher debt component than equity, foreign investors betting on Indian debt, and retail investors finally having a seat at the table.
India’s GDP is rising — now boost Def-ex, Cap-ex, and R&D-ex
India's economic ascent requires strategic investments in defense, R&D, and natural resources to overcome unfavorable global conditions. Increasing defense spending, boosting R&D, and securing domestic mineral resources are crucial for self-sufficiency and sustained growth. By prioritizing these areas, India can navigate geopolitical challenges and achieve rapid economic advancement.
India urges swift revival of WTO dispute system to protect fair trade rules: Piyush Goyal
Commerce and Industry Minister Piyush Goyal emphasised the urgency of restoring the WTO's dispute resolution mechanism to uphold its core principles. A mini-ministerial WTO meeting is scheduled for June 3 to discuss strengthening multilateral trade and reforms.
JPMorgan CEO Dimon backs US taxing carried interest, warns of bond market trouble
JPMorgan Chase CEO Jamie Dimon advocates for taxing carried interest, aligning with Donald Trump's efforts to close the loophole benefiting private market investors. Dimon suggests using the additional revenue to double income tax credits, benefiting communities and families. He also cautioned about a potential "crack in the bond market" due to government overspending and quantitative easing.
Retired govt NPS subscribers with min 10 years can claim additional benefits under UPS
Central government NPS subscribers retiring by March 31, 2025, with 10+ years of service, or their spouses, can claim Unified Pension Scheme (UPS) benefits beyond NPS. The scheme offers a lump sum and monthly top-up, with arrears and interest. The deadline for claims is June 30, 2025, providing an assured pension option.
This European country is planning for 6-year-olds to start saving for retirement: Is this the future of financial freedom?
Imagine kids saving for retirement before hitting puberty. Germany’s new “early start pension” plan might do just that—handing six-year-olds monthly contributions for their future. It’s a radical bid to promote long-term financial thinking, but critics argue it lacks depth and true educational value. Is this the future of fiscal foresight or just feel-good policy?
Centre amends key pension rules; PSU employees to lose retirement benefits on dismissal
The Centre has announced that the dismissal or removal of a PSU employee will result in the loss of retirement benefits, even for service rendered under the government. This decision, outlined in the amended Central Civil Services (Pension) Rules, 2025, will be subject to review by the relevant administrative ministry.
UPS benefits announced for these retired govt employees and their spouses: Know how to claim UPS benefits, deadline to apply
The Central Government introduces the Unified Pension Scheme (UPS) under the National Pension System (NPS) starting April 1, 2025, offering assured payouts to eligible retirees and their spouses. This scheme provides a one-time lumpsum, monthly top-ups, and interest on arrears, supplementing existing NPS benefits.
Pension is a legal right, not charity, and shouldn't be delayed even a day: HC
Calcutta High Court addressed a pension delay issue. The court stated pension is a legal right, not charity. Hooghly Chinsurah municipality was reprimanded for delaying payments to 148 retired workers. The delay was blamed on technological issues. The court ordered the municipality to submit employee details promptly. The directorate must redesignate employees quickly.
Special schemes being implemented for welfare of transgender people: Tamil Nadu govt
Tamil Nadu government is implementing schemes for transgender people's development. These include house site pattas and business subsidies. Pension is provided for destitute transgender persons. M K Stalin's scheme offers up to Rs 50,000 subsidy for businesses. The government allocated funds for pensions and education. A welfare board and mobile app support transgender welfare.
Central govt employees under NPS: Last date to apply for UPS pension is June 30, 2025; What happens if you miss it
Deadline to apply for UPS: The Unified Pension Scheme (UPS) provides an assured payout contingent upon certain conditions. It guarantees a pension for government employees upon retirement. However, there is a last date to opt for the pension under UPS. If this date is missed, their pension will be accumulated under the National Pension System.
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