Low interest rates make saving nearly mission impossible

Last Updated: Sunday, May 17, 2015, 12:23

While borrowers rejoice at the ultra low and even negative interest rates in Europe, savers fret and life insurance companies and pension funds face what is virtually a mission impossible.

World Bank's pension investments clash with principles

Last Updated: Monday, May 4, 2015, 20:25

The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution`s own calls for ethical and low-carbon investing.

'Govt plans to sell road projects worth Rs 1L cr to foreign funds'

Last Updated: Wednesday, April 22, 2015, 16:16

The government plans to sell highways projects worth Rs 1 lakh crore to foreign pension and insurance funds to attract overseas investments into the sector, Union Minister Nitin Gadkari said on Wednesday.

PM Modi courts Canada banks, insurers, pension funds

Last Updated: Friday, April 17, 2015, 08:14

He also said that he understood the need for consistency in regulation and that India has learnt from its past missteps.

Investors pull $4 billion from hedge funds amid lacklustre returns

Last Updated: Wednesday, April 8, 2015, 08:47

Wealthy investors protested the hedge fund industry`s recent lacklustre returns and high fees by pulling a net $4 billion out of the $2.5 trillion industry during the first two months of 2015, data released on Tuesday show.

Railways not to be privatised, but investments needed for growth: Prabhu

Last Updated: Monday, January 19, 2015, 18:36

Railway Minister Suresh Prabhu on Monday mooted the idea of foreign pension funds being invested in initiatives to raise financial resources for the Railways.

Need new fund-raising avenues to meet capital requirements

Last Updated: Friday, November 29, 2013, 15:52

Alternate avenues for fund raising like insurance and pension funds need to be tapped into to meet India's growing capital requirements and to achieve the growth target of 8 percent during the 12th Plan period, says a study.

Higher contributions to pension in new cases not allowed: EPFO

Last Updated: Tuesday, November 12, 2013, 18:34

Retirement fund body EPFO will not allow higher contribution towards pension scheme in fresh cases for time being as it causes additional financial burden on the Employees' Pension Scheme 1995 (EPS-95).

CRPF constable siphons off Rs 53 lakh pension funds

Last Updated: Saturday, August 24, 2013, 22:05

City police have uncovered a scam, in which a CRPF constable allegedly got Rs 53 lakh of monthly pension of a few retired employees of para-military forces, credited to his wife`s account over a period of time.

PF, pension funds can soon invest in corporate bonds

Last Updated: Friday, November 9, 2012, 20:11

The Finance Ministry on Friday said it will soon relax norms to enable pension and provident funds to invest in the corporate bond market, with a view to provide an additional funding source for infrastructure projects.

Future of pensioners will crash with FDI: Mamata Banerjee

Last Updated: Sunday, October 7, 2012, 22:59

Intensifying her tirade against Centre for allowing FDI in pension funds, Mamata Banerjee said future of pensioners in country would be jeopardised.

Trinamool to stick to pre-election stand on reform

Last Updated: Friday, July 20, 2012, 17:14

The Trinamool Congress is sticking to its pre-election stance on opposition to FDI in retail, privatisation of pension funds and forward trading, party leader Mukul Roy said on Friday.