Hemant Contractor

• 

  NPS Regulator Suggests Auto Enrolment For Pension Schemes

  The Pension Fund Regulatory and Development Authority (PRFDA) chairman said India right now is well poised to increase its coverage of pension schemes.

• 

  NPS Private Subscriptions Grow 60% Till January, Says Regulator

  In Budget 2016, the government had given additional tax exemption up to Rs 50,000 for contribution to NPS apart from the Rs 1.5 lakh ceiling provided under Section 80C.

• 

  Retail NPS More Than Doubles In One Year

  Post the budgetary provision to provide tax benefits up to 40 per cent of maturity of investment in National Pension Scheme, the retail segment of NPS has grown by over 100 per cent over the past one year.

• 

  Pension Regulator Hails NPS Tax Exemption, Bats For Parity

  Tax exemption of up to 40 per cent of the retirement corpus at the time of withdrawal under NPS is a big step by the government and going forward, there may be more parity between existing pension schemes, PFRDA Chairman Hemant G Contractor said on Wednesday.

• 

  Regulator Seeks Complete Tax Exemptions for NPS

  With an aim to increase its customer base, Pension Fund Regulatory and Development Authority (PFRDA) Chairman Hemant Contractor on Wednesday urged the government to provide 'Triple E' benefits to the schemes under the National Pension System (NPS) to bring them at par with EPFO and PPF where the maturity amount is not taxed.

• 

  Regulator to Invest 2% of Private Pension Corpus in AIF Schemes

  The Pension Fund Regulatory and Development Authority (PFRDA) will invest up to 2 per cent of the corpus of the private sector pension plans into alternative investment fund schemes in order to bolster the returns to subscribers.

• 

  Regulator Asks Government to Give Tax Incentives, Expand Pension Cover

  The government should consider giving tax incentives to the pension sector and expand its coverage to include people in the informal sector as they do not have any universal social security net, PFRDA Chairman Hemant G Contractor said on Wednesday.

• 

  Finance Ministry May Allow More Pension Funds in Equities

  The Finance Ministry is considering a proposal to raise investment limit of pension funds in stock markets to 50 per cent and a decision is expected in a short time, PFRDA (Pension Fund Regulatory and Development Authority of India) Chairman Hemant G Contractor has said.

• 

  State Pension Funds May Be Allowed to Invest More in Equities

  India is considering allowing state retirement funds to invest more in equities and opening them up to private-sector management to improve returns, as Prime Minister Narendra Modi seeks to expand the country's tiny pensions net.

• 

  NRIs Can Invest in National Pension System, Says Regulator

  NRIs or non-resident Indians can invest in the National Pension System (NPS) to get a social security cover, Pension Fund Regulatory and Development Authority (PFRDA) Chairman Hemant Contractor said on Wednesday.

• SBI overseas bond subscribed 5.4 times, raises $1.25 bn

  State Bank of India on Friday said it has successfully closed sales of an overseas bond, raising $1.25 billion.

• Looking at $1-2 bn bond issue: SBI

  Speaking to NDTV Profit, Hemant Contractor, MD & group executive (international banking division), SBI, said that the bank may look at a $1-2 billion issue depending on the market conditions.

• Bank of India to raise money through MTN as Europe situation improves

  The state-run lender, which had a MTN programme of raising around $5 billion in 2005, has raised $1.475 billion till now.

• *SBI head: Hemant Contractor named SBI MD for International Banking

  MUMBAI, APRIL 08Phone: +91 (22) 66497000. feedback@tickerplantindia.com Copyright (c) TickerPlant Ltd.Copyright (c) TickerPlant Ltd.