Former servicemen get rise in pension

clock •

INDIA - The pension of former servicemen will by raised by R400 to R500 per month, the government announced in answer to calls for "one rank, one pension" for the armed forces.

These raises will benefit soldiers up to the rank of havildar - equivalent to a sergeant in a British army. This represents large sections of the former servicemen.Substantial demands on the “one r...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on India

India

India proposal to regulate pensions omits foreign investment

INDIA - India's government has presented proposals in parliament that seek to give statutory power to the country's pension regulator, while omitting any mention of allowing foreign investment in the provision of old-age income.

Bibhudatta Pradhan at Bloomberg News
clock 24 March 2011 •
India

GSAM boosts Indian footprint with ETF acquisition

INDIA - Goldman Sachs Asset Management has acquired India's largest ETF provider Benchmark Asset Management and announced plans to bring actively managed funds onshore.

Raquel Pichardo-Allison
clock 16 March 2011 •
India

Indian fund turns to micro-finance for first deposits

INDIA - A new scheme catering for workers in India's unorganised sector is looking for micro-finance loan providers to help members make their first contributions.

Jaishree Kalia
clock 06 October 2010 •
Trustpilot