National Pension System
Pension scheme in India
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The National Pension System (NPS) is a defined-contribution pension system in India regulated by Pension Fund Regulatory and Development Authority (PFRDA) which is under the jurisdiction of Ministry of Finance of the Government of India. National Pension System Trust was established by PFRDA as per the provisions of the Indian Trusts Act of 1882 for taking care of the assets and funds under this scheme for the best interest of the subscriber.
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Government likely to stick to fiscal discipline, may bolster NPSIf there is one word to describe the Budget team, it's stability. Not only has finance minister Nirmala Sitharaman stayed her full term and will present her sixth straight Budget, but there are at..IndiaTimes - Published | |
Maharashtra cabinet nod for OPS to state employees who joined service after November 2005Maharashtra cabinet approves proposal for Old Pension Scheme (OPS) to government employees who joined after November 2005; OPS offers monthly pension equivalent to 50% of last drawn salary without..IndiaTimes - Published | |
Decision on Old Pension Scheme in the budget session: Maharashtra chief minister Eknath ShindeChief Minister Eknath Shinde announced that a decision on reverting to the Old Pension Scheme (OPS) will be made during the budget session in March. The government received the report of the Subodh..IndiaTimes - Published | |
Modi government gets elbow room for policy tweaksThe GST Council has taken decisions by consensus, but state finance ministers from Opposition-ruled states blame the Centre. The victory in Rajasthan and Chhattisgarh strengthens the Centre's hand,..IndiaTimes - Published | |
Panel set up to review NPS, moot changes if neededThe Centre on Thursday set up a four-member committee to review the National Pension System, also referred to as the new pension scheme, and suggest if changes are required to the defined contribution..IndiaTimes - Published | |
Himachal's Sukhu govt keeps poll promise, approves restoration of old pension schemeKeeping its poll promise, the Himachal Pradesh government led by chief minister Sukhvinder Singh Sukhu in its first cabinet meeting on Friday approved restoration of the Old Pension Scheme. There are..IndiaTimes - Published | |
3 statesβ demand to return NPS funds rejectedPension regulator PFRDA has rejected demands made by Rajasthan, Chhattisgarh and Jharkhand to return funds deposited under the National Pension System (NPS), which were abandoned by them to bring back..IndiaTimes - Published |