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The Board administers a contributory provident fund, pension scheme and an insurance scheme for the workforce engaged in the organised sector in India. [9] The board is chaired by the Union Labour Minister of India. Presently, the following three schemes are in operation under the Act: Employees' Provident Fund Scheme, 1952
Notably, other entities like Employee Provident Fund, pension funds by life insurers, and mutual fund firms are beyond PFRDA's scope. [31] The contributory pension system, later termed the National Pension System (NPS), began on 22 December 2003, applied from 1 January 2004.
India operates a complex pension system. There are however three major pillars to the Indian pension system: the solidarity social assistance called the National Social Assistance Programme (NSAP) for the elderly poor, the civil servants pension (now open for all) and the mandatory defined contribution pension programs run by the Employees' Provident Fund Organisation of India for private ...
2. In December 2020, Karnataka Lok Adalat and Karnataka High Court jointly by resolving 2,61,882 in a single day through mega Lok Adalat, created a record. [13] 3. In August 2021, Karnataka Lok Adalat, through Mega Lok Adalat settled 3,244 cases in Udupi district and 5,235 cases in Dakshina Kannada. [14]
Jeevan Pramaan is an Indian Life Certificate program affiliated with Aadhaar for people with pensions. [1] It was started by Prime Minister Narendra Modi on 10 November 2014. [2] [3] The certificate was made for people who receive pensions from central or state governments or other government organisations. [1]
The southern Indian state of Karnataka consists of 31 districts grouped into 4 administrative divisions, viz., Belagavi, Bengaluru , Gulbarga, and Mysore.Geographically, the state has three principal variants: the western coastal stretch, the hilly belt comprising the Western Ghats, and the plains, comprising the plains of the Deccan plateau.
The High Court is the highest judicial authority within the State of Karnataka. It has superintendence over all courts and tribunals, such as district courts, operating within Karnataka, except those of the armed forces. [4] [5] Appeals against judgments of lower courts, such as district-level civil and sessions courts, are heard in the High Court.
The Pension Parishad – an initiative to ensure universal pension to all workers in India – has been demanding that the Government of India establish a "non-contributory and universal old age pension system with a minimum amount of monthly pension not less than 50% of the minimum wage or ₹ 2,000 (US$23), whichever is higher." [51]