- 12:04 PM Pathik Gandotra positive on Yes Bank
- 11:59 AM World needs to cooperate on easy policy exit: Worl...
- 11:59 AM Maradona to face FIFA hearing on Sunday
- 11:59 AM Pathik Gandotra underweight on telecom
- 11:50 AM OBC a market performer, target of Rs 278: Karvy
- 11:50 AM RIL readying $25bn for global acquisitions: So...
- 11:40 AM Dickens Christmas classic tops UK box office
- 11:39 AM Use upside to book profits in Educomp: Gujral
- 11:37 AM IDFC SSKI Secs' sector/stock picks for the next 12...
- 11:37 AM Stay invested in Educomp Solution: Mukadam



An interim investment pattern for funds collected under the new pension scheme (NPS) from all Central and State Government employees recruited after January 1, 2004, is to be notified soon.
The NPS is based on defined contribution and not defined benefits, as was the case in the earlier Government pension scheme.
"Pending the passage of the PFRDA (Pension Fund Regulatory and Development Authority) Bill, we intend to notify an interim investment pattern (for NPS) on the same lines as the existing investment pattern for non-government provident funds," the Union Finance Minister, Mr P. Chidambaram, told newspersons after a conference of Chief Ministers on pension reforms.
He also said that a consensus was emerging that the PFRDA Bill should be passed as soon as possible. "The Bill is a necessity and has to be passed with some modifications," he added.
Contd. on page 2 .......
|
|


Today's Special Column
with Pronab Sen
Union Ministry of Statistics and Programme Implementation , Chief Statistician and Secretary


-
Most Read
-
Most Viewed
- 10 companies that MF managers love
- 10 Companies that FIIs love
- Experts on stocks and sectors to pick/avoid now

- Mitesh Thacker's top picks for today's trade

- Ganeshaspeaks: Market prediction for Nov 11
- IPO scam: SEBI bars Pyramid Saimira for 7 years

- Sensex may drift down to 12500, -ve on RIL: Shankar Sharma

- How greed got the better of this Morgan Stanley star
- Pathik Gandotra positive on Yes Bank
Source: CNBC-TV18
- Pathik Gandotra underweight on telecom
Source: CNBC-TV18
- OBC a market performer, target of Rs 278: Karvy
Source: Moneycontrol.com
- RIL readying $25bn for global acquisitions: Sources
Source: Moneycontrol.com
- NMDC, AP body to enter mining pact
Source: Business Line
- Volvo-Eicher semi low-floor buses to hit the roads next yr
Source: Business Line
- Petronet likely to award LNG jetty contract next month
Source: Business Line
- NTPC units shut down on coal shortage
Source: Business Line





















