National Pension System Current Affairs, GK & News

Debasish Panda- New IRDAI Chief

Debasish Panda has been appointed as the new chairperson of the Insurance Regulatory and Development Authority of India (IRDAI) for a three-year term. Overview: Former Department of Financial Services (DFS) Secretary Debasish Panda, a retired IAS officer, has been appointed Chairperson of the IRDAI, the insurance regulator, by the Cabinet Appointments Committee. After a two-year ..

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Labour Ministry on Global pension report

On December 9, 2021, Ministry of Labour and Employment told the Rajya Sabha that; a Global Pension Index that placed pension system of India towards bottom of the list was not prepared on the basis of reliable comparable international data. Key Facts The Global Pension Index Report was published in 2021 and has ranked India ..

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PFRDA to observe National Pension System Diwas

Pension regulator Pension Fund Regulatory and Development Authority (PFRDA) is set to observe National Pension System (NPS) Diwas on October 1, 2021. Key Points PFRDA also started a campaign under ‘Azadi Ka Amrit Mahotsav’ in order to promote pension and retirement planning. NPS Diwas will be observed for a carefree azad retirement. NPS subscribers will ..

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PFRDA: Online option to exit from NPS

The Pension Fund Regulator recently announced that the subscribers can use online mode to exit from National Pension System. What is the current process to quit from National Pension System? Under the current process, the National Pension Subscribers have to physically approach their Points of Presence to complete the withdrawal request. They have to submit ..

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Workshop on National Pension System (NPS) for Corporates

On 18 Nov, Pension Fund Regulatory and Development Authority (PFRDA) conducted a workshop on National Pension System (NPS) for Corporates in Mumbai. The workshop was organized in association of Maharashtra FICCI. The workshop revealed that overall number of NPS and APY subscribers in the country has crossed 3.12 crores with Asset under Management (AUM) of ..

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Overseas Citizens of India (OCI) can now subscribe to National Pension System

As per the provisions of the PFRDA Act, the Overseas Citizens of India (OCI) will now be eligible to apply for the National Pension System (NPS) at par with Non Resident Indians (NRIs). Now, any Indian citizen, resident or non-resident and OCIs are eligible to join NPS till the age of 65 years. The contributions ..

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