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 ..
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 ..
Month: Current Affairs - December, 2020
Category: Economy & Banking Current Affairs
Topics: Digital India • National Pension • National Pension System • PFRDA
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 ..
Month: Current Affairs - May, 2020
Category: Economy & Banking Current Affairs
Topics: COVID-19 • Financial Action Task Force • IBBI • nirmala sitaraman • PFRDA • Pranab Mukherje • Raghuram Rajan • Reserve Bank of India (RBI) • Securities and Exchange Board of India (SEBI)
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 ..
Month: Current Affairs - May, 2020
Category: Government Schemes Current Affairs
Topics: COVID-19 • ESIC • ESIC scheme • NSO • PFRDA • Social Security • Social Security Scheme • universal social security code
PFRDA suggests comprehensive Scheme to the Finance Ministry
On May 17, 2020, the Pension Fund and Regulatory Authority (PFRDA) of India suggested comprehensive scheme to the Ministry of Finance. Under the scheme, the social security measures for the people with low income are to be explored. Highlights The PFRDA has suggested comprehensive pension scheme to take along Pradhan Mantri Jeevan Jyoti Bima Yojana, ..
Month: Current Affairs - May, 2020
Category: Government Schemes Current Affairs
Topics: Atal Pension Yojana • national pension scheme • Pension Schemes • Pension Sector • PFRDA • regulatory issues
Atal Pension Yojana completes 5 years
The “Atal Pension Yojana” launched on May 9, 2015, has completed 5 years of its implementation. The total enrollment under the scheme as on May 9, 2020 was 2,23,54,028. Highlights During the first two years of the launch of the initiative, there were 50 lakh subscribers. In the third year, the numbers doubled with 100 ..
Month: Current Affairs - May, 2020
Category: Government Schemes Current Affairs
Topics: Atal Pension Yojana • family pension • Pension • Pension Scheme • PFRDA • unorganised sector