Kolkata: Firing a fresh salvo at the Congress-led UPA government over foreign direct investment (FDI) in pensions, West Bengal Chief Minister Mamata Banerjee on Sunday accused it of pushing the future of pensioners in India towards uncertainty.
The Trinamool Congress supremo, who broke ties with the Congress party and the United Progressive Alliance (UPA) over a slew of economic measures, said that during 2008-09 economic slowdown in the US, the savings of pensioners were lost in that country when the stock market crashed.
Banerjee, while highlighting the "ill affects" of allowing FDI in pension funds cited an example of an Indian residing in the US who lost 50 per cent of his savings which he had invested in pension funds as a result of 2008-09 economic slowdown.
"I want to relate to you a tragic experience of an Indian working in a wellknown IT company in California, which explains the real life impact of allowing FDI in pensions," Banerjee posted on Facebook....
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07:18 PM, Oct 07, 2012
New Delhi: Reeling under the impact of diesel price hike and high inflation, the 80 lakh central government employees and pensioners are likely to soon get seven per cent increase in Dearness Allowance. The proposal to increase the DA from 65 per cent to 72 per cent is likely to be taken up by the Union Cabinet on Friday, sources said. The decision, which would benefit about 50 lakh of...
03:11 PM, Sep 20, 2012
New Delhi: In a bid to provide relief from high inflation, the government on Tuesday increased dearness allowance (DA) by 6 per cent to 51 per cent, benefiting over 50 lakh central government employees and 38 lakh pensioners. "The decision to hike DA was taken by the Union Cabinet at its meeting here," a Union minister said. The combined impact of the hike will be Rs 5,715.90 crore per annum....
11:13 AM, Mar 22, 2011
New Delhi: The Centre is likely to increase dearness allowance (DA) by 6 per cent to 51 per cent on Tuesday, benefiting over 50 lakh employees and 38 lakh pensioners. The decision to hike DA is likely to be taken by the Union Cabinet at its meeting scheduled for Tuesday, sources said. The new DA, which will be effective from January 1, is provided to government staff and pensioners to...
08:11 AM, Mar 22, 2011
London: "Young-at-heart" pensioners around the world are living life to the full without considering how they might be cared for when they become ill or infirm in the future, according to a new study. Across the globe, 72 per cent of those aged 65 and above do not consider themselves to be "old" and only 22 per cent have put money aside for old age, according to new research that...
08:10 AM, Sep 17, 2010
A pensioners group says it expects Britons to work well into their 70's over the next decade. ...
04:07 PM, Aug 05, 2008
Karachi: Pakistan Cricket Board Chairman Ijaz Butt has left for Dubai to attend the ICC's executive board meeting even as a decision on his extension is expected to be taken in the next 48 hours. Butt's three-year tenure as board Chairman officially ends on Saturday as per the notification issued by the government in October, 2008 when he took charge. But government officials close to the Presidency confirmed that President...
07:57 PM, Mar 07, 2008
While 60 Britania pensioners have not got their due for the last four years, others are getting much less than they expected. ...
08:30 PM, May 14, 2007
Pensioners claim that Britannia broke the rules and diverted Rs 12 crore illegally from their pension fund. ...
08:00 PM, May 14, 2007
The Centre on Wednesday announced a six per cent hike in Dearness Allowance for its employees. ...
10:12 PM, Mar 15, 2007
