india

India:National Pension System withdrawal for Coronavirus: How to withdraw from NPS due to COVID-19 - 5 points

Submitted by siha on

The Financial Express (24.04.2020) NPS withdrawal for COVID-19: In view of hardships faced by people due to Coronavirus pandemic, the Pension Fund Regulatory Development Authority of India (PFRDA) has allowed account holders to make partial withdrawals from the National Pension System (NPS).

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Cash transfers
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India: Modi govt to provide 3 months pension in advance to senior citizens, differently-abled, widows - The Financial Express

Submitted by siha on

The Financial Express (27.03.2020) National Social Assistance Program: The Union government will provide three months' pension in advance to the poor senior citizens, widows and persons with disabilities in first week of April. The program is run by the Union Rural Development Ministry. Apart from the above, an ex gratia amount of Rs 1,000 over the next three months will be given in two instalments to these beneficiaries, according to the announcement by Finance Minister.

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India: COVID-19 impact: Informal economy workers excluded from most govt measures, be it cash transfers or tax benefits

Submitted by pmassetti on

firstpost.com (11.05.2020) COVID-19 is far more than a health crisis. The economic crisis--a severe fallout of the virus--is grim, and much grimmer for developing countries like India. The pandemic has already exposed the health vulnerabilities facing India, especially its rural poor, and urban slum dwellers.

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India: EPFO income dips as deposits are deferred, withdrawals rise

Submitted by pmassetti on

livemint.com (08.05.2020) The Employees Provident Fund Organisation (EPFO) is set to face an income crisis, which will have a direct bearing on millions of its subscribers’ PF earnings in 2020-21. A million workers have already withdrawn their EPF savings in last five weeks to tide over income loss caused by the ongoing lockdown imposed to prevent the spread of the coronavirus.
EPFO has settled almost ₹3,000 crore of claims by now; this could double by internal estimates

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india
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Pensions

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India starts Aadhaar updating facility through common service centres

Submitted by pmassetti on

opengovasia.com (29.04.2020) 20,000 common service centres will offer an Aadhaar updating service, catering to a large number of citizens in rural parts of the country.

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India: Government to launch online portal for stranded migrant workers

Submitted by pmassetti on

Business Standard News (26.04.2020) The Union government is going to launch an online portal for the migrant workers in the unorganised sector impacted due to a national lockdown imposed to check the spread of Covid-19 in India. The portal, which has been tentatively named by the labour and employment ministry as the National Portal for Covid-19 Affected Unorganised Migrant Workers, will gather the details of all the unorganised sector workers who are stranded in relief camps, residential or industrial clusters.

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india
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India: Government fast tracks plan to provide social security for gig workers

Submitted by pmassetti on

The Economic Times (20.004.2020) The government has fast-tracked its plan to provide social security for gig economy workers and those in the unorganised sectors, anticipating a significant increase in their numbers as unemployment soars due to the Covid-19 crisis.

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india
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Health
Pensions
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Labour market
Societal Impact
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