EPS subscribers with ₹1K pension rose 3% to 3.66 mn in FY24
Business Standard|December 05, 2024
The total number of pensioners receiving minimum assured pension of ₹1,000 under the Employee Pension Scheme (EPS) has increased by 3 per cent to 3.66 million in the financial year 2023-2024 (FY24) compared to the previous year, according to the data from the Employees' Provident Fund Organisation's (EPFO) latest annual report reviewed by Business Standard.
SHIVA RAJORA
EPS subscribers with ₹1K pension rose 3% to 3.66 mn in FY24

The data shows that the central government provided a support of ₹957 crore during FY24 for the minimum pension. Of the total number of pensioners, those who received government support to avail the minimum ₹1,000 monthly pension under EPS increased marginally to 2.06 million in FY24 from 2.05 million in FY23.

The total number of pensioners under the EPS rose by nearly 4 per cent to 7.85 million.

هذه القصة مأخوذة من طبعة December 05, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 05, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS STANDARD مشاهدة الكل
Business Standard

Ex-senator Perdue is Trump's pick for China ambassador

President-elect Donald Trump announced he's nominating former Senator David Perdue as the US ambassador to China, enlisting a businessman with experience working in Asia for one of his key diplomatic posts.

time-read
1 min  |
December 07, 2024
Former PayPal COO to be White House AI and crypto czar
Business Standard

Former PayPal COO to be White House AI and crypto czar

Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the president-elect's intent to boost two rapidly developing industries.

time-read
1 min  |
December 07, 2024
CHECKMATING HISTORY
Business Standard

CHECKMATING HISTORY

If Gukesh beats Ding, he will rewrite chess history by becoming the youngest to win the classical world championship since it started 138 years ago

time-read
5 mins  |
December 07, 2024
Business Standard

All We Imagine As Light named best '24 film by Sight and Sound

Director Payal Kapadia's \"All We Imagine As Light\" has been selected as the best film of the year by prestigious Sight and Sound magazine that also voted Anora, La chimera, Dahomey and Hard Truths amongst its top five.

time-read
1 min  |
December 07, 2024
High obsessions
Business Standard

High obsessions

In 1519, the Spanish conquistador Diego de Ordaz reached the summit of the stratovolcano Popocatépetl during an expedition in Mexico under Hernán Cortés.

time-read
3 mins  |
December 07, 2024
The NFT is dead. Long live the NFT?
Business Standard

The NFT is dead. Long live the NFT?

The giddy craze for nonfungible tokens brought the crypto crowd to art auctions. Now, long after the bubble burst, some still believe it did

time-read
4 mins  |
December 07, 2024
Pushpa 2 smashes box-office records with ₹294 cr opening
Business Standard

Pushpa 2 smashes box-office records with ₹294 cr opening

'Pushpa fire nahi, wildfire hai', the popular dialogue from Allu Arjun's Pushpa franchise has come true with the historic box office performance of the second part, which has amassed ₹294 crore gross globally on day one of its release.

time-read
1 min  |
December 07, 2024
A $500 bn haul reignites passive controversy on Wall Street
Business Standard

A $500 bn haul reignites passive controversy on Wall Street

The passive-investing juggernaut is picking up speed—and it's stirring up fresh angst about the dangers posed by the index-tracking boom across Wall Street.

time-read
3 mins  |
December 07, 2024
Maruti, M&M join Hyundai in announcing price hikes
Business Standard

Maruti, M&M join Hyundai in announcing price hikes

Up to 4% increase to be effective from Jan 1; higher input costs drive the move

time-read
2 mins  |
December 07, 2024
Demat a/c additions hit 7-mth low in Nov
Business Standard

Demat a/c additions hit 7-mth low in Nov

The number of new dematerialised (demat) accounts added in November dropped to less than 3.2 million, the lowest since April 2024.

time-read
1 min  |
December 07, 2024