Pension fund Current Affairs, GK & News

Supratim Bandyopadhyay appointed as Chairman of the PFRDA

Supratim Bandyopadhyay was recently appointed as Chairman of the Pension Fund Regulatory and Development Authority (PFRDA). It is a statutory body which regulates the Pension system in the country. Supratim was serving as a Member (Finance) in PFRDA, prior to this appointment. The Appointments Committee of Cabinet approved the appointment of Bandyopadhyay as the Chairman ..

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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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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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Kirit Somaiya committee on labour to examine functioning of Employees Provident Fund Organisation (EPFO)

The parliamentary standing committee on labour, which is headed by BJP MP Kirit Somaiya, will examine the functioning of retirement fund body Employees Provident Fund Organisation (EPFO), its coverage and recovery of arrears. It will review the implementation of labour laws, social security and welfare scheme for workers. The committee has selected a wide range ..

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The conference on implementation of National Pension System (NPS) by Central Autonomous Bodies (CABs) held in New Delhi

The conference on implementation of National Pension System (NPS) by the Central Autonomous Bodies (CABs) was held in New Delhi. It was organized by Pension Fund Regulatory and Development Authority (PFRDA). The prime objective of the conference was to provide a forum to all the CABs, where the progress in the implementation of NPS with ..

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