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Atal Pension Yojana crosses one crore subscribers in three years; collects Rs 3,950 crore
•A guaranteed pension scheme for citizens of India announced by the government on 9 May, 2015, Atal Pension Yojana (APY) is focused on the unorganised sector workers which constitute more than 85 percent of the workforce
Money management alert: Midcourse withdrawals from retirement funds a sub-optimal solution for midlife blues
Muralidharan •A suitable amendment in the law would be conducive to checking one's tendency to dip into one’s retirement funds at the drop of a hat.
Niti Aayog says over 31 lakh new jobs generated in six months between September-February 2018
•Niti Aayog said information on job creation was based on the additions made in payrolls from Employees' Provision Fund Organisation for all age-groups.
PNB fraud: RBI had no clue on Rs 11,400 cr scam for seven long years; can a super regulator do the job?
Dinesh Unnikrishnan123 •The PNB fraud highlighted a larger systemic problem raising questions about the effectiveness of regulatory framework followed by Indian banking system, risk management practices and vulnerability of Indian banks to fraudulent transactions that extends across the border
LTCG tax will not impact National Pension Scheme, says pension fund regulator
•The proposal of long-term capital gains tax will not have much impact on the National Pension Scheme (NPS), Pension Fund Regulatory and Development Authority (PFRDA) chairman Hemant Contractor has said
Atal Pension Yojana subscribers cross 69 lakh with contribution of Rs 2,690 cr
•Atal Pension Yojana (APY) was introduced in 2015 by the government as a self- contributory savings pension scheme with guaranteed pension of Rs 1,000 to Rs 5,000
National Pension Scheme upper age limit raised to 65, says regulator
Ians •NPS is the lowest-cost pension product in the world today.
Every fifth Indian will be aged 60 years or above by 2050, says report
•A PFRDA-CRISIL report said it is important that the development of the under-penetrated pension market in India be initiated now, when the situation is ripe
Fund industry hails proposal for tax benefit on NPS scheme
Fp Archives •The retail portion in NPS is currently estimated at Rs 4,600 crore.
Budget 2016: Sebi, Irda to get service tax exemption for regulatory services
Fp Archives •The "regulatory services" provided by Sebi and Irda as well as the services offered by EPFO have been exempted from service tax with effect from 1 April 2016.