Live Breaking News & Updates on Pension fund regulatory and development authority

Stay updated with breaking news from Pension fund regulatory and development authority. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Govt may hike FDI limit in pension sector to 74%; Bill likely in monsoon session

Govt may hike FDI limit in pension sector to 74%; Bill likely in monsoon session
SECTIONS
Last Updated: Apr 11, 2021, 01:15 PM IST
Share
Synopsis
Amendment to Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013 seeking to raise FDI limit in the pension sector may come in the monsoon session or winter session depending on various approvals, sources said.
Currently, the FDI in the pension fund is capped at 49 per cent.
The government may hike foreign direct investment (FDI) limit in the pension sector to 74 per cent and a Bill in this regard is expected to come in the next Parliament session, according to sources.

India , National-pension-system , National-pension-system-trust-regulations , Amendment-to-pension-fund-regulatory , Development-authority , Insurance-act , Pension-fund-regulatory , National-pension-system-trust , Companies-act , Parliament-session , Pension-fund-regulatory-and-development-authority

PFRDA looking to introduce minimum assured return product: Chairman

PFRDA looking to introduce minimum assured return product: Chairman
SECTIONS
Last Updated: Mar 12, 2021, 07:18 PM IST
Share
Synopsis
The Pension Fund Regulatory and Development Authority (PFRDA) is working on plans to introduce innovative retirement benefit products, such as one providing minimum assured return, to attract more subscribers, its Chairman Supratim Bandyopadhyay said.
Agencies
The Pension Fund Regulatory and Development Authority (PFRDA) is working on plans to introduce innovative retirement benefit products, such as one providing minimum assured return, to attract more subscribers, its Chairman Supratim Bandyopadhyay said.
"Apart from NPS and Atal Pension Yojana (APY), we propose to have some innovative products to attract more and more customers. The first product that we are targeting is a product which will have a minimum assured return," Bandyopadhyay said. He was speaking at a virtual actuarial conclave organised by the Institute of Actuaries of India.

India , Supratim-bandyopadhyay , National-pension-system , Pension-fund-regulatory , Institute-of-actuaries-india , Development-authority , Chairman-supratim-bandyopadhyay , Atal-pension-yojana , Nps , Pension-fund-regulatory-and-development-authority , Pension-regulator , இந்தியா

2nd part of Parliament's Budget session from Monday; curtailment on cards

As of now, the session will conclude on April 8.
Sources said parties across the board support curtailing the session in view of polls in Assam, West Bengal, Tamil Nadu, Kerala and Puducherry. However, an official decision is yet to be taken.
The main focus of the government in the second part of the session is to get various demands of grants for the financial year 2021-22 passed along with the Finance Bill which carries various tax proposals.
Besides these mandatory agendas, the government has listed various bills for passage in the session.
Some of the bills listed by the government include the Pension Fund Regulatory and Development Authority (Amendment) Bill, National Bank for Financing Infrastructure and Development Bill, Electricity (Amendment) Bill, and Crypto currency and Regulation of Official Digital Currency Bill.

Puducherry , Pondicherry , India , Kerala , Tamil-nadu , National-bank , Pension-fund-regulatory , Development-authority-amendment , Union-budget , West-bengal , Finance-bill

NPS update | National Pension System: Know how much you can partially withdraw from your NPS corpus

The NPS subscribers can make a partial withdrawal after three years from the date of joining the system under specific circumstances

India , New-delhi , Delhi , National-pension-system , Pension-fund-regulatory , Development-authority , Representational-image , Pension-system , Photo-credit , National-pension-scheme , Nps

Government to introduce bills to set up DFI, Digital Currency

Government to introduce bills to set up DFI, Digital Currency
SECTIONS
Share
Synopsis
“To set up a new DFI as a provider, enabler and catalyst for infrastructure financing,” the NaBFID Bill 2021 purpose of statement noted, adding that NaBFID will be the, “principal financial institution and development bank for building and sustaining a supportive ecosystem across the life cycle of infrastructure projects.”
Agencies
The government will also introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021
The government will set up National Bank for Financing Infrastructure and Development (NaBFID) to meet the infrastructure financing requirements of the country. It will introduce The National Bank for Financing Infrastructure and Development (NaBFID) Bill 2021 in the Budget session to set it up as a developmental financial institution or DFI.

India , Supreme-court , National-bank , Pension-fund-regulatory , Development-authority-amendment , Development-na , National-infrastructure-pipeline , Financing-infrastructure , Official-digital-currency-bill , Economic-survey , Reserve-bank

Don't withdraw from the NPS corpus unless you are facing an emergency

Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
Track the industry of your choice with a daily newsletter specific to that
industry.
Stay on top of your investments. Track stock prices in your portfolio.
NOTE :
This product is a monthly auto renewal product.
Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.

Pension-fund-regulatory , National-pension-system , Development-authority , Visa-credit-card , Standard-digital , Business-standard , Seamless-sign-up , Business-standard-digital , Debit-cards , Net-banking , Payment-wallets

On table: 74% FDI cap for insurance

In her 2019 budget speech, finance minister Nirmala Sitharaman had said that the government will explore further easing the foreign direct investment (FDI) limit in insurance.

India , New-delhi , Delhi , Nirmala-sitharaman , Thornton-bharat , Vikas-vasal , Pension-fund-regulatory , Development-authority , Development-authority-of-india , Insurance-regulatory , Grant-thornton , Fdi

FDI: On table: 74% FDI cap for insurance - The Economic Times

In her 2019 budget speech, finance minister Nirmala Sitharaman had said that the government will explore further easing the foreign direct investment (FDI) limit in insurance.

India , New-delhi , Delhi , Nirmala-sitharaman , Thornton-bharat , Vikas-vasal , Pension-fund-regulatory , Development-authority-of-india , Development-authority , Insurance-regulatory , Grant-thornton , Fdi

NPS subscribers can now use online mode to exit the scheme. Here's how

NPS subscribers will need to submit the NPS withdrawal forms along with other supporting documents for authorization by POPs, the Pension Fund Regulatory and Development Authority (PFRDA) said.

National-pension-system , Pension-fund-regulatory , Annuity-service-provider , Central-record-keeping-agency , Bank-account-verification , Development-authority , Instant-bank-account-verification , Pfrda , Personal-finance , Pension-fund-regulatory-and-development-authority , தேசிய-ஓய்வூதியம்-அமைப்பு