PFRDA NPS annuity rules relaxed with limited surrender allowed in hardship cases and critical illness situations. Learn key facts, MCQs, FAQs, historical context, and exam-relevant points for UPSC, SSC, Banking, Railways, and PCS exams. PFRDA Relaxes NPS Annuity Exit Rules: Limited Surrender Allowed in Hardship Cases The Pension Fund Regulatory and Development Authority (PFRDA) has…
Private Sector Drives NPS Growth and Economic Activity The National Pension System (NPS) in India has seen significant growth propelled by the private sector, marking a pivotal shift in retirement planning and economic dynamics. This surge underscores the expanding role of private entities in fostering financial stability and stimulating economic activity. The NPS, initially introduced…
Finance Secretary-led Panel to Review New Pension Scheme, Says Nirmala Sitharaman The Indian government has decided to form a panel led by the finance secretary to review the new pension scheme (NPS). This was announced by the Finance Minister, Nirmala Sitharaman, during a press conference held on October 4th. The panel will review the existing…
