Life annuity Current Affairs, GK & News

Central Government contribution in National Pension Scheme (NPS) raises to 14%

The Union Cabinet has recently raised the government’s contribution to National Pension Scheme (NPS) to 14% of basic salary from the current 10%. However, minimum employee contribution will remain at 10%. The Cabinet also allowed government employees to commute 60% of the fund accumulated at the time of retirement, up from 40% at present. Also, ..

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Pension regulator PFRDA increases maximum age of joining National Pension Scheme (NPS) Private Sector from 60 to 65

The Pension Fund Regulatory and Development Authority (PFRDA) has increased the maximum age of joining National Pension Scheme (NPS) Private Sector from the 60 to 65 years of age to increase the pension coverage in the country. Now, any Indian citizen, resident or non-resident, of 60-65 years of age can join the NPS and continue ..

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Hybrid Annuity Model

The Union Transport Ministry is planning to complete all the stalled highway projects under a new model called Hybrid Annuity Model. This model was proposed last year and is a mix of BOT (Built Operate Transfer) and EPC (Engineering, Procurement and Construction) model. Comparing the models Currently, there are three different models in India for ..

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