Thu, Mar 2, 2017 | updated 01:38 AM IST

Cabinet gives ex-post facto approval to Varistha Pension Bima Yojana 2003 and 2014

Updated: Sep 28, 2016 16:53 IST

New Delhi, [India], Sept 28 (ANI): The cabinet on Wednesday gave its ex-post facto approval for the Varishtha Pension Bima Yojana (VPBY) 2003,launched on 14th July, 2003 and Varistha Pension Bima Yojana (VPBY) 2014 launched on 14th August, 2014.

It also granted approval for expenditure incurred on subsidy amount released to LIC during the period of 2003-04 to 2014-15 for VPBY, 2003 and approval to incur expenditure on VPBY, 2003 and 2014 from the financial year 2015-16 onwards.

The schemes are implemented through Life Insurance Corporation (LIC) of India, and the difference between the actual yield earned by LIC on the funds invested under the scheme and the assured return committed by the Government is paid as subsidy to LIC.

Both are pension schemes intended to give an assured minimum pension to the Senior Citizens based on an assured minimum return on the subscription amount.

The pension is envisaged until death from the date of subscription, with payback of the subscription amount on death of the subscriber to the nominee.

Both the schemes VPBY - 2003 and VPBY - 2014 are closed for future subscriptions.

However, policies sold during the currency of policy are being serviced as per the commitment of guaranteed nine percent return assured by the Government under the schemes.

VPBY-2014 was open from 14th August, 2014 to 14th August, 2015. As on 31sl March, 2016, a total number of 3,17,991 annuitants are being benefited under VPBY 2014. Similarly, a total number of 2,84,699 annuitants are being benefited under VPBY- 2003 as on 31st March, 2016. (ANI)

Delhi LG issues directives for women's safety

Updated: Mar 02, 2017 00:22 IST

New Delhi [India], Mar. 2 (ANI): Delhi Lieutenant Governor (LG) Anil Baijal on Wednesday chaired a meeting of task force on women safety and directed for digitisation of data in respect of sexual offences against women for fast track investigation of FIRs.

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Arrest warrant against Azam Khan

Updated: Mar 01, 2017 22:50 IST

Allahabad (Uttar Pradesh),[India] Mar 1 (ANI): A Lucknow bench of the Allahabad High Court on Wednesday issued an arrest warrant against senior Samajwadi Party leader Azam Khan, in connection with suspension of a Uttar Pradesh Jal Nigam engineer.

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New Delhi [India], Mar. 1 (ANI): The Defence Research and Development Organisation (DRDO) on Wednesday conducted the successful launch of the interceptor missile Advanced Area Defence (AAD) from Abdul Kalam Island, Odisha.

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New Delhi [India], Mar 1 (ANI): In the wake of recently reported cases where people were duped by unidentified persons by delivering false promise to give a job at the Indira Gandhi International Airport, the airport authorities along with the Delhi Police, in a coordinated operation nabbed two accused in the case.

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New Delhi [India], Mar 1 (ANI): The Sashastra Seema Bal (SSB) 41st Battallion's troops in Ranidanga, West Bengal on Wednesday rescued two Nepalese girls from the clutches of a human trafficking racket.

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Hajipur (Bihar) [India], Mar 1 (ANI): Following the uproar over Bihar Minister Abdul Jalil Mastan's controversial comment on Prime Minister Narendra Modi today, Union Minister of Urban Development, Venkaiah Naidu tore into the Congress leader questioning how he became a politician in the first place.

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New Delhi [India], March. 1 (ANI): Even as the Federal Bureau of Investigation (FBI) has announced that the Indian techie was killed in an alleged racial attack in Kansas, United States, Ministry of External Affairs (MEA) spokesperson Gopal Bagley on Wednesday said the Indian Government is closely engaging with the authorities in other countries for ensuring the safety of their citizens.

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Mumbai (Maharashtra) [India], March. 1 (ANI): The Bombay High Court on Wednesday set aside a Maharashtra Government order that made Marathi language compulsory for auto rickshaw permits.

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Maharajganj (Uttar Pradesh) [India], Mar 1 (ANI): Addressing a rally in Maharajganj on Wednesday, Prime Minister Narendra Modi said polls would change the fate of the Samajwadi Party (SP), the Bahujan Samaj Party (BSP) and the Congress.

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Kushinagar (Uttar Pradesh) [India], March. 1 (ANI): Congress vice president Rahul Gandhi on Wednesday lashed out at Prime Minister Narendra Modi, saying that the latter works only for capitalists and overlooks poor farmers.

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New Delhi [India], Mar. 1 (ANI): The Delhi High Court on Wednesday cancelled the parole which was granted to former Haryana chief minister O. P. Chautala who is facing charges in a disproportionate assets case, after he violated the terms and conditions of the parole.

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New Delhi [India], March. 1 (ANI): The Supreme Court on Wednesday adjourned a matter pertaining to predatory pricing as alleged by the Competition Commission of India (CCI) against Uber.

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New Delhi [India], Mar 1 (ANI): A special court on Wednesday sentenced an-ex manager of Punjab National Bank, Adyar Branch Chennai and four others to imprisonment for causing a loss of 3.34 crore to the bank.

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Varanasi (Uttar Pradesh) [India] March 1 (ANI): Doubting the West Bengal Government's investigation against BJP's women wing leader Juhi Chowdhury's involvement in child trafficking case, party national general secretary Kailash Vijayvargiya on Wednesday alleged that the saffron party workers are being trapped and demoralised by the state government.

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New Delhi [India], March. 1 (ANI): The Delhi Police on Wednesday said that a peaceful protest was being carried out by the students in the Jawaharlal Nehru University (JNU).

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Amritsar [India], Mar. 1 (ANI): In yet another gesture of goodwill, India on Wednesday released 39 Pakistan prisoners and handed them over to Islamabad at the Wagah border.

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Siliguri [India], Mar. 1 (ANI): Bharatiya Janata Party's women wing leader Juhi Chowdhury, who was arrested by the Crime Investigation Department (CID) from the India-Nepal border as a suspect in connection with the child trafficking case, has sent t

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Patna (Bihar) [India], March. 1 (ANI): A day after raking up a controversy for his derogatory statement against Prime Minister Narendra Modi, Bihar's Excise and Prohibition Minister Abdul Jalil today tendered an apology stating that his assertion was not aimed at hurting anyone.

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Kerala [India], Mar.1 (ANI): Forum Against Communist Terrorism (FACT) is holding a nationwide protest today to condemn the Communist Party of India (Marxist)-led government's failure to stop political murders of the Rashtriya Swayamsewak Sangh (RSS) members in Kerala last year.

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ABVP now protests outside Delhi Police HQ

Updated: Mar 01, 2017 16:25 IST

New Delhi [India], Mar. 1 (ANI): The Bharatiya Janata Party's (BJP) youth wing Akhil Bharatiya Vidyarthi Praishad (ABVP) staged a protest outside the Delhi Police Headquarters here on Wednesday demanding action against the 'anti-India' slogans that were raised at the Jawaharlal Nehru campus last year.

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