NPS, Atal Pension Yojana subscribers rise by 21.67%, pension assets jump 36.83% in December
The number of subscribers under the National Pension System and Atal Pension Yojana increased by 21.67 percent to 397.70 lakh ending December 31, 2020, as against 326.86 lakh in December 2019. January 13, 2021 / 06:17 PM IST
The number of subscribers under the National Pension System (NPS) and Atal Pension Yojana (APY) increased by 21.67 percent to 397.70 lakh ending December 31, 2020, as against 326.86 lakh in December 2019, according to Pension Fund Regulatory and Development Authority (PFRDA) data.
Likewise, net pension assets under management of the schemes were reported at Rs 5,48,913 crore in December 2020, showing 36.83 percent year-on-year growth.
The NPS is a voluntary, defined contribution retirement savings scheme, aimed to encourage the habit of savings post retirement among citizens. The APY guarantees a minimum monthly pension to its subscribers after the age of
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The slowdown in auto manufacturing may last weeks, as companies that manufacture chips ramp up production to meet growing demand for semiconductors amid rebounding car sales.
In a Sunday report, The Wall Street Journal wrote Ford Motor (ticker: F) plans to idle a Louisville, Ky. plant for seven days beginning this week, and several foreign auto makers are trying to figure how to handle a shortage for chips designed for cars.
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There Is an Auto Chip Shortage. That Will Slow Down Car Makers, Says Analog Devices CEO.
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