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Financial Stability and Development Council resolves to remain vigilant against fiscal vulnerabilities RBI Governor Shaktikanta Das on Monday chaired the meeting of the sub-committee of the Financial Stability and Development Council (FSDC), which reviewed the major global and domestic macroeconomic and financial developments. It resolved to remain vigilant against any build-up in vulnerabilities in all segments of the Indian financial system as well as in the broader economy. It also focussed on preserving the financial system stability for attaining strong, sustainable and inclusive gr...
Financial Stability and Development Council resolves to remain vigilant against fiscal vulnerabilities
Financial Stability and Development Council resolves to remain vigilant against fiscal vulnerabilities
Source: IANS
29/08/2023 9:29:52 AM
Panel under Finance Secretary set up to review National Pension Scheme The government on Thursday announced setting up of a four-member committee under Finance Secretary T.V. Somanathan to review the National Pension Scheme (NPS) and suggest any changes in it, keeping in mind the interest of government employees. The committee will also consist of Secretary, Personnel, Special Secretary, Personnel, and Chairman of the Pension Fund Regulatory and Development Authority (PFRDA), according to a notification by the Finance Ministry. No time limit however has be...
Panel under Finance Secretary set up to review National Pension Scheme
Panel under Finance Secretary set up to review National Pension Scheme
Source: IANS
7/04/2023 8:41:18 AM
More than 40% hike in enrolments under Atal Pension Yojana in FY22 from FY20: Bhagwat Kisanrao Karad The Union Minister of State for Finance Bhagwat Kisanrao Karad has said that the total fund allocated under the Atal Pension Yojana (APY) for Government Co-contribution, Payment of Incentive to Banks, Promotional Campaign, and Gap fund, since inception up to February, 2023, is Rs 2078.94 crore out of which an amount of Rs. 1529.41 crore has been released till February 2023. Besides, the Minister stated that as per data provided by the Pension Fund Regulatory and Development Authority (PFRD...
More than 40% hike in enrolments under Atal Pension Yojana in FY22 from FY20: Bhagwat Kisanrao Karad
More than 40% hike in enrolments under Atal Pension Yojana in FY22 from FY20: Bhagwat Kisanrao Karad
Source: Accord Fintech
22/03/2023 1:58:35 PM
National Pension Scheme subscribers rise 23% to 6.24 cr Y-o-Y Subscribers of various schemes under the National Pension System (NPS) rose to 6.24 crore as on March 4, 2023 from 5.08 crore in the corresponding period of 2022, marking a growth of 22.88 per cent on a year-on-year basis. According to data released by the Pension Fund Regulatory and Development Authority (PFRDA) on Friday, in NPS, the highest growth was seen in the All Citizen Model, where the subscriber base rose by a huge 32 per cent to 28.40 lakh from 23 lakh during the year-ago period...
National Pension Scheme subscribers rise 23% to 6.24 cr Y-o-Y
National Pension Scheme subscribers rise 23% to 6.24 cr Y-o-Y
Source: IANS
11/03/2023 10:02:59 AM
IRDAI forms consultative committee on insurance investments Indian insurance regulator has formed a 15-member consultative committee (including Chairman and Convenor) to review the regulatory framework on managing the investments in the sector and for other aspects. The Committee with a tenure of two years will be headed by Supratim Bandopadhyay, former Chairman of the Pension Fund Regulatory and Development Authority (PFRDA). "With a view to monitor the dynamic financial markets on a continuing basis, and to review the regulatory framework...
IRDAI forms consultative committee on insurance investments
IRDAI forms consultative committee on insurance investments
Source: IANS
11/02/2023 2:55:55 PM
India`s pension regulator proposes bringing gig workers into pension fold -chairman India's pension fund regulator has recommended the federal government introduce a UK-like pension scheme for the country's gig workers, a move aimed at bringing about 90% of the overall workforce into the pension fold, its chairman told Reuters. The Pension Fund Regulatory and Development Authority (PFRDA), which manages over $102 billion in assets, has proposed that workers at food and cab aggregators be automatically enrolled into the National Pension Scheme (NPS), Chairman Supra...
India`s pension regulator proposes bringing gig workers into pension fold -chairman
India`s pension regulator proposes bringing gig workers into pension fold -chairman
Source: Reuters
28/12/2022 9:29:33 AM
Axis Bank gains on crossing Rs 100 crore in AUM for retirement business Axis Bank is currently trading at Rs. 956.05, up by 6.00 points or 0.63% from its previous closing of Rs. 950.05 on the BSE. The scrip opened at Rs. 954.60 and has touched a high and low of Rs. 958.90 and Rs. 952.55 respectively. So far 70916 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 958.90 on 21-Dec-2022 and a 52 week low of Rs. 618.10 on 23-Jun-2022. Last one week high and low of the scrip stood at Rs. 9...
Axis Bank gains on crossing Rs 100 crore in AUM for retirement business
Axis Bank gains on crossing Rs 100 crore in AUM for retirement business
Source: Accord Fintech
21/12/2022 10:48:00 AM
PFRDA pension schemes' subscriber base crosses 5.07 cr  A healthy rise in corporate sector subscribers took the overall subscription base of various pension schemes regulated by the PFRDA to reach 507.22 lakh as of end-February 2022. According to the Pension Fund Regulatory and Development Authority (PFRDA), the number of subscribers in various pension schemes rose to 507.22 lakh, as of February 2022, from 414.70 lakh reported for February 2021, showing a year-on-year (YoY) growth of 22.31 per cent. Besides, the PFRDA data showed a YoY...
PFRDA pension schemes' subscriber base crosses 5.07 cr
PFRDA pension schemes' subscriber base crosses 5.07 cr
Source: IANS
10/03/2022 8:53:58 PM
71 lakh enrolled under Atal Pension Yojana in 2021-22: MoS Finance A total of 71,06,743 subscribers have been enrolled under Atal Pension Yojana (APY) up to January 24, 2022, during the financial year 2021-22 as per the Pension Fund Regulatory and Development Authority (PFRDA) as compared to 23,98,934 in 2016-17, stated union minister of state for finance Dr Bhagwat Kisanrao Karad in a written reply to a question in parliament. The Minister stated that the Atal Pension Yojana is a Government of India Scheme launched on 9th May, 2015, with the objective of...
71 lakh enrolled under Atal Pension Yojana in 2021-22: MoS Finance
71 lakh enrolled under Atal Pension Yojana in 2021-22: MoS Finance
Source: IANS
9/02/2022 11:01:54 AM
PFRDA pension schemes' subscriber base crosses 4.63 cr in Sep 2021 A healthy rise in corporate sector subscribers took the overall subscription base of various pension schemes regulated by the PFRDA to reach 463 lakh as of September-end 2021. According to the Pension Fund Regulatory and Development Authority (PFRDA), the number of subscribers in various pension schemes rose to 463 lakh, as of September 2021, from 374.33 lakh reported for September 2020, showing a year-on-year (YoY) growth of 23.69 per cent. Besides, the PFRDA data showed a YoY rise of ...
PFRDA pension schemes' subscriber base crosses 4.63 cr in Sep 2021
PFRDA pension schemes' subscriber base crosses 4.63 cr in Sep 2021
Source: IANS
12/10/2021 9:06:24 AM
NPS subscriber base crosses 4.5 cr by August 2021: PFRDA India's National Pension System (NPS) has reached a subscribers base of 4.53 crore by end-August 2021. According to the Pension Fund Regulatory and Development Authority (PFRDA), total subscribers in various schemes under NPS rose to 453.41 lakh by end-August 2021 from 365.47 lakh during the corresponding period of 2020, showing a year-on-year increase of 24.06 per cent. As of August 31, 2021, total pension assets under management stood at Rs 6,47,621 crore showing a Y-o-Y growth of...
NPS subscriber base crosses 4.5 cr by August 2021: PFRDA
NPS subscriber base crosses 4.5 cr by August 2021: PFRDA
Source: IANS
18/09/2021 9:20:50 AM
PFRDA`s AUM crosses Rs 6.16 lakh crore mark in June The Pension Fund Regulatory and Development Authority (PFRDA) on Friday said its total pension assets under management have crossed the Rs 6.16 lakh crore mark. Subscribers' contributions under the National Pension System (NPS) and the Atal Pension Yojana (APY) have jointly contributed to this landmark figure. "As on June 30, 2021, total pension assets under management stood at Rs 6,16,517 crore showing a Y-o-Y growth of 32.67 per cent," the PFRDA said in a statement. B...
PFRDA`s AUM crosses Rs 6.16 lakh crore mark in June
PFRDA`s AUM crosses Rs 6.16 lakh crore mark in June
Source: IANS
17/07/2021 9:48:00 AM
PFRDA`s assets under management cross Rs 6 lakh cr The Pension Fund Regulatory and Development Authority (PFRDA) on Wednesday announced crossing the milestone of Rs 6 lakh crore of Assets Under Management (AUM) under the National Pension System (NPS) and the Atal Pension Yojana (APY), after 13 years. The AUM growth of the last Rs 1 lakh crore has been achieved in just 7 months, PFRDA said. Besides, remarkable growth has been seen in NPS subscribers over the years with 74.10 lakh government employees in the scheme and 28.37 lakh individu...
PFRDA`s assets under management cross Rs 6 lakh cr
PFRDA`s assets under management cross Rs 6 lakh cr
Source: IANS
27/05/2021 9:38:23 AM
Pensioners may be allowed to withdraw their entire lifetime contribution to NPS with a higher threshold Retired persons looking to use their pension fund money for meeting family emergencies or for making investments into better return yielding instruments would soon be permitted withdraw their entire lifetime contributions. Sources in the government said that pension regulator, Pension Fund Regulatory and Development Authority (PFRDA) is considering coming out with a better option for National Pension System (NPS) subscribers under which they would be able to withdraw their entire money at ...
Pensioners may be allowed to withdraw their entire lifetime contribution to NPS with a higher threshold
Pensioners may be allowed to withdraw their entire lifetime contribution to NPS with a higher threshold
Source: IANS
18/05/2021 4:17:57 PM
PFRDA`s AUM crosses Rs 5.59 lakh crore mark The Pension Fund Regulatory and Development Authority (PFRDA) on Wednesday said its total pension assets under management have crossed the Rs 5.59 lakh crore mark. Subscribers' contributions under the National Pension System (NPS) and Atal Pension Yojana (APY) have jointly contributed to this landmark figure. "As on 28th February 2021, total pension assets under management stood at Rs 559,594 crore showing a year-on-year (Y-o-Y) growth of 33.09 per cent," the PFRDA said in...
PFRDA`s AUM crosses Rs 5.59 lakh crore mark
PFRDA`s AUM crosses Rs 5.59 lakh crore mark
Source: IANS
18/03/2021 9:19:23 AM