PFRDA Current Affairs, GK & News

PFRDA

The Pension Fund Regulatory and Development Authority or PFRDA is a statutory body under the aegis of the Union Ministry of Finance. It is responsible for overseeing and regulating the pensions within India. It was initially set up as an interim body in 2003 to promote, develop and regulate India’s pension sector. It received statutory ..

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NPS Diwas

NPS Diwas was observed on October 1 by Pension Fund Regulatory and Development Authority (PFRDA). Key facts The National Pension System Diwas (NPS Diwas) was observed by the pension regulator to promote pension and retirement planning among Indian citizens and attain financial independence after retirement. The objective of the NPS Diwas campaign is to encourage ..

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7 years of PMJJBY, PMSBY, and APY

Social security schemes Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) have completed seven years of their launch. When were the schemes launched? These three schemes were launched by Prime Minister Narendra Modi on May 9, 2015 in Kolkata. What is Pradhan Mantri Jeevan Jyoti ..

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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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22nd Financial Stability and Development Council meeting chaired by Finance Minister

On May 28, 2020, the Union Finance Minister Nirmala Sitaraman chaired Financial Stability and Development Council meet. Highlights The meeting reviewed current domestic and global economic situation, financial vulnerabilities issues, liquidity of Micro financial institutions, Non-Banking Financial corporations, regulatory responses, etc. The council noted that COVID-19 posed a great threat to the global financial system ..

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Enrolments in ESIC Social Security Scheme increases to 821,000

On May 23, 2020, the payroll data of the Employees State Insurance Corporation (ESIC) was released. The data says that around 821,000 new members have joined ESIC social security scheme. Highlights The data was released by National Statistical Office (NSO). According to the data the subscribers to the scheme in 2018-19 were 14.9 million and ..

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