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PFRDA approves HDFC merger with HDFC Bank

by AIP Online Bureau | Jul 8, 2022 | Banking & Bancassurance, Indian News, Pension & Social Security, Regulation

”We wish to inform you that HDFC Limited has today i.e. on July 8, 2022, received an approval from PFRDA regarding change in its status/constitution pursuant to the Scheme in accordance with the PFRDA (Point of Presence) Regulations, 2018, subject to a condition...
Rajasthan and Chhattisgarh exit NPS, PFRDA refuses to return their accumulated fund

Rajasthan and Chhattisgarh exit NPS, PFRDA refuses to return their accumulated fund

by AIP Online Bureau | Jun 14, 2022 | Indian News, Pension & Social Security

Supratim Bandyopadhyay, chairperson, PFRDA Supratim Bandyopadhyay, chairperson, PFRDA, said, the total assets under NPS has touched Rs 35 trillion and currently almost has an AUM of Rs 7,40 trillion with 5.33 subscribers across central  and state government...
PFRDA rejects Chhattisgarh’s request to refund Rs 17,240 cr collected under NPS, CM urges Modi to intervene

PFRDA rejects Chhattisgarh’s request to refund Rs 17,240 cr collected under NPS, CM urges Modi to intervene

by AIP Online Bureau | Jun 3, 2022 | Indian News, Pension & Social Security, Policy, Workplace/Employee Benefits

Bhupesh Baghel,Chief Minister,Chhattisgarh PFRDA in a letter dated May 26 replied that there is no such provision available under which the funds, which are deposited both in the form of the government contribution and employees’ contribution towards NPS, along...
Chhattisgarh govt asks PFRDA to return Rs 17,240 crore for old pension scheme rollout

Chhattisgarh govt asks PFRDA to return Rs 17,240 crore for old pension scheme rollout

by AIP Online Bureau | May 21, 2022 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

In a letter to the Chairman of PFRDA, New Delhi on Friday, state’s Finance Secretary Alarmelmangai D said the Chhattisgarh government has decided to reinstate the old pension scheme (OPS) and therefore, the demand is being made to implement the decision Raipur: The...

Private sector to drive growth of National Pension Scheme: Study paper

by AIP Online Bureau | Apr 24, 2022 | Eco/Invest/Demography, Indian News, Pension & Social Security

“Our demographic structure, with a greater proportion of younger people, favors a phase of accumulation. Since longevity is inching up, so also the need for a steady stream of income is increasing to mitigate old-age poverty. Further, as the traditional family...
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