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Gross enrollments under Atal Pension Yojana cross 7 crore mark The total gross enrollments under the Atal Pension Yojana (APY) have crossed 7 crore, with an enrolment of over 56 lakh in the current fiscal (FY25) to date, according to the Pension Fund Regulatory and Development Authority (PFRDA) on Tuesday.  APY is a guaranteed pension scheme by the government and regulated by PFRDA. “The scheme is in its 10th year of rollout, and has achieved a big milestone,” said the authority. Focused on unorganised sector workers, the pensio...
Gross enrollments under Atal Pension Yojana cross 7 crore mark
Gross enrollments under Atal Pension Yojana cross 7 crore mark
Source: IANS
2024-10-08 03:51:13 pm
National Pension Scheme sees 62,880 new contributing subscribers in July The Centre on Wednesday said the total number of new contributing subscribers under the National Pension Scheme (NPS) stood at 62,880 in the month of July.  In June, 64,799 new contributing subscribers joined the NPS in June. The newly registered employees and paying contribution under the Employees’ State Insurance (ESI) scheme in July stood at 16,61,836 which was 16,33,848 during the month of June, informed Ministry of Statistics and Programme Implementation. The Cabinet...
National Pension Scheme sees 62,880 new contributing subscribers in July
National Pension Scheme sees 62,880 new contributing subscribers in July
Source: IANS
2024-09-26 09:17:51 am
NPS has made pension accessible to everyone: PFRDA Chairman Pension Fund Regulatory and Development Authority (PFRDA) Chairman Deepak Mohanty on Friday said that the National Pension System (NPS) has made pension accessible to everyone in the country.    “Previously, pensions were a benefit exclusive to government employees. However, with the introduction of the NPS, this benefit is now accessible to everyone,” the PFRDA Chairman said while addressing an interactive session on the NPS for the corporates in Jaipur which was org...
NPS has made pension accessible to everyone: PFRDA Chairman
NPS has made pension accessible to everyone: PFRDA Chairman
Source: IANS
2024-08-10 10:14:30 am
Axis Bank says all regulatory nods received for proposed acquisition of shares in Max Life Insurance The Axis Bank said on Wednesday that all the required regulatory approvals for the proposed subscription of shares in Max Life Insurance have been received. On August 9, 2023, Axis Bank informed about the proposed infusion of Rs 1,612 crore by the private lender in Max Life Insurance Company Limited, subject to regulatory approvals. The Competition Commission of India (CCI) has, vide its letter dated April 2, 2024, intimated that the CCI, at its meeting held on April 2, 2024, considered...
Axis Bank says all regulatory nods received for proposed acquisition of shares in Max Life Insurance
Axis Bank says all regulatory nods received for proposed acquisition of shares in Max Life Insurance
Source: IANS
2024-04-04 09:28:33 am
PFRDA notifies new rules for Trustee Bank to protect NPS subscribers The Pension Fund Regulatory and Development Authority (PFRDA) has notified the amended Trustee Bank and Central Recordkeeping Agency regulations in order to protect the National Pension System subscribers from fraud, reduce the cost of compliance and enhance the ease of doing business. The amended regulations were notified on February 9, according to a statement issued by the Finance Ministry on Thursday. The amendments to Trustee Bank (TB) Regulations simplify and strengthen the provis...
PFRDA notifies new rules for Trustee Bank to protect NPS subscribers
PFRDA notifies new rules for Trustee Bank to protect NPS subscribers
Source: IANS
2024-02-22 05:30:44 pm
PFRDA notifies simplified rules for Pension Funds, NPS Trust The Pension Fund Regulatory and Development Authority (PFRDA) has notified the amendments to the regulations of the National Pension System Trust and the Pension Fund to reduce the cost of compliance and enhance the ease of doing business. As per the official statement issued on Wednesday the National Pension System Trust (Second Amendment) Regulations 2023 and Pension Fund (Amendment) Regulations 2023 on Feb 5 and Feb 9 respectively. The amendments to NPS Trust Regulations simplify the...
PFRDA notifies simplified rules for Pension Funds, NPS Trust
PFRDA notifies simplified rules for Pension Funds, NPS Trust
Source: IANS
2024-02-21 01:50:28 pm
IRDAI approves capital infusion by Axis Bank into Max Life nsurance regulator, IRDAI has approved the capital infusion by Axis Bank into Max Life, subject to the approval of the competition watchdog CCI. The PFRDA has already approved the proposed change in shareholding pattern of Max Life pertaining to the infusion of capital by Axis Bank into Max Life. Accordingly, the capital infusion of Rs 1,612 crore by Axis Bank into Max Life will be consummated upon the approval from the CCI, Max Financial Services said in a filing. The company had made ...
IRDAI approves capital infusion by Axis Bank into Max Life
IRDAI approves capital infusion by Axis Bank into Max Life
Source: IANS
2024-02-07 09:57:54 am
SBI buying another 20% stake in SBI Pension Funds State Bank of India has stated in a regulatory filing that it plans to acquire an additional 20 per cent stake in SBI Pension Funds for Rs 229.52 crore. SBI already owns a 60 per cent stake in SBI Pension Funds and the 20 per cent that it will acquire from SBI Capital Markets, will take the bank's stake in SBI Pension Funds to 80 per cent. The acquisition will be completed on December 15. SBI Funds Management holds the rest of the 20 per cent stake in SBI Pension Funds. SBI said ...
SBI buying another 20% stake in SBI Pension Funds
SBI buying another 20% stake in SBI Pension Funds
Source: IANS
2023-12-06 09:28:41 am