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Pension fund regulator PFRDA has launched the second proof of concept (POC) of 'NPS Swasthya', an initiative aimed at integrating retirement planning with healthcare funding, PTI reported.The Pension Fund Regulatory and Development Authority (PFRDA) said the National Pension System (NPS) Swasthya is a multi-partner framework designed to provide financial and health security.Under the initiative, Medi Assist Healthcare Services will act as the core technology partner, CAMS KRA will handle onboard ...Read More >
Bengaluru, Apr 8 (PTI) Pension fund regulator PFRDA has launched the second "Proof of Concept (POC) of NPS Swasthya", an initiative intended to provide healthcare funding along with retirement planning. According to a statement, PFRDA said the National Pension System (NPS) Swasthya is a multi-partner initiative structured to provide comprehensive financial and health security. The Pension Fund Regulatory and Development Authority (PFRDA) serves as the regulatory authority. The Medi Assist Heal ...Read More >
Hyderabad: The All India Retired Railwaymen's Federation (AIRRF) staged protest at Rail Nilayam in Secunderabad here on Wednesday demanding the government to fulfill their demands. The pensioners belonging to Central government, especially the railway staff urged the government to engage in constructive dialogue and to address their long-pending grievances with urgency and fairness for the dignity and security of the retired workforce. The protestors put forwarded some of their demands as to r ...Read More >
New Delhi, Dec 17 (PTI) Pension regulator PFRDA has revamped the exit and withdrawal rules, allowing non-government subscribers of National Pension System (NPS) to withdraw up to 80 per cent of the fund accumulated at the time of exit. The withdrawal limit earlier was up to 60 per cent of the accumulated pension wealth, and the remaining was expected to be utilised for buying an annuity, providing for a monthly or any other periodical pension. Besides, the regulator has also raised the exit ag ...Read More >
New Delhi, Dec 16 (SocialNews.XYZ) Non-government NPS subscribers can now withdraw 80 per cent of their retirement corpus as a lump sum at the time of exit, according to the Pension Fund Regulatory and Development Authority's (PFRDA) amended regulations announced on Tuesday. PFRDA's amendments to the National Pension System (NPS) make the exit rules under the non-government sector much more flexible under the Common Schemes (CS) and Multiple Scheme Framework (MSF). Earlier, subscribers could w ...Read More >
Mumbai, Oct 28 (SocialNews.XYZ) The Pension Fund Regulatory and Development Authority (PFRDA) on Tuesday said that it has organised a seminar on its consultation paper titled "Enhancing the National Pension System: Proposals for Flexible, Assured and Predictable Pension Schemes". The purpose of the event was to gather expert insights and stakeholder feedback on three proposed pension schemes under the National Pension System (NPS), designed to make retirement benefits more flexible, predictable ...Read More >
New Delhi: The government has approved the extension of two investment options, Life Cycle and Balanced Life Cycle, to central government employees under the National Pension System (NPS) and the Unified Pension Scheme (UPS), the finance ministry said on Friday. This is in line with the continued demand from Central Government employees for a broader range of investment options similar to those available to non-government subscribers. These options are designed to enhance flexibility in retirem ...Read More >
New Delhi: The Pension Fund Regulatory and Development Authority of India has come out with a discussion paper proposing a dual valuation approach for the securities held in scheme portfolios of National Pension System (NPS) and Atal Pension Yojana (APY). The framework aims to present pension wealth accumulation more clearly to subscribers while ensuring long-term financial stability and economic relevance, the regulator said in the discussion paper titled 'Alignment of Valuation Guidelines wit ...Read More >
Panaji: The Pension Fund Regulatory and Development Authority (PFRDA) launched the National Pension System (NPS) for Goa's driver community in collaboration with GoaMiles and HDFC Pension Fund. This initiative aims to extend pension coverage to nearly 5,000 drivers associated with the GoaMiles platform, marking a first-of-its-kind model in India.The initiative offers drivers structured retirement planning, with GoaMiles contributing to each driver's NPS account. During the event, 50 permanent re ...Read More >
India's National Pension System (NPS) has gained recognition as one of the most effective retirement savings options in the country. Finance Minister Nirmala Sitharaman, speaking at the NPS Diwas event in New Delhi, highlighted the system's high returns and flexibility, making it a preferred choice not just for government workers but for all Indians. ...Read More >
New Delhi [India], October 1 (ANI): The Pension Fund Regulatory and Development Authority (PFRDA) has released a detailed Consultation Paper titled "Enhancing the National Pension System: Proposals for Flexible, Assured and Predictable Pension Schemes", inviting stakeholders across sectors to provide feedback on proposed reforms aimed at strengthening the National Pension System (NPS). Dated September 30, 2025, the paper outlines three innovative pension scheme options under the NPS framework d ...Read More >
NEW DELHI: Many major financial and regulatory changes took effect on Wednesday, affecting small banking, postal services, pensions, and railway ticketing. Indian Railways booking platform IRCTC has launched new Aadhaar-based guidelines for the online booking of general tickets to prevent misuse of the reservation system by fraudulent agents. India Post is expected to revise its Speed Post charges and introduce an OTP-based delivery system to improve the security of the packages, effective from ...Read More >
New Delhi, Oct 1 (SocialNews.XYZ) Many major financial and regulatory changes took effect on Wednesday, affecting small banking, postal services, pensions, and railway ticketing. Indian Railways booking platform IRCTC has launched new Aadhaar-based guidelines for the online booking of general tickets to prevent misuse of the reservation system by fraudulent agents. India Post is expected to revise its Speed Post charges and introduce an OTP-based delivery system to improve the security of the p ...Read More >
New Delhi: Bank customers, pension subscribers, train passengers, and postal service users will all be impacted by several regulatory, banking, and service-related changes that take effect October 1. RBI Cheque Clearing: The Reserve Bank of India (RBI) will transition from batch clearing to a continuous clearing method for cheque processing. The new system will be rolled out in two phases, with the first starting October 4, 2025, and the second from January 3, 2026. Railway ticketing rules: Ne ...Read More >
New Delhi, Sep 29 (SocialNews.XYZ) Bank customers, pension subscribers, train passengers, and postal service users will all be impacted by several regulatory, banking, and service-related changes that take effect on October 1. RBI cheque clearing: The Reserve Bank of India (RBI) will shift cheque processing from batch clearing to a continuous clearing method. The new system will be rolled out in two phases, with the first starting on October 4, 2025, and the second from January 3, 2026. Railwa ...Read More >
New Delhi, Sep 16 (PTI) Central government employees are entitled to "assured payout on pro rata basis" on opting for voluntary retirement after completion of service of 20 years or more under the recently-notified rules, the personnel ministry said on Tuesday. The Department of Pension and Pensioners' Welfare has notified in the official gazette on September 2, the Central Civil Services (Implementation of the Unified Pension Scheme under the National Pension System) Rules, 2025 for regulating ...Read More >
New Delhi, Aug 25 (SocialNews.XYZ) The Finance Ministry has introduced a one-time, one-way switch option for Central Government employees under the Unified Pension Scheme (UPS) to shift to the National Pension System (NPS). According to an official notification, this facility is available to UPS subscribers up to one year before their superannuation or three months before voluntary retirement. Employees facing dismissal, removal, or disciplinary action will not be eligible. The Department of ...Read More >
New Delhi, Aug 25 (PTI) The Finance Ministry on Monday introduced a one-time one-way switch facility from the newly introduced Unified Pension Scheme (UPS) to the National Pension System (NPS). From April 1, 2025, the government has introduced UPS as an option under the National Pension System (NPS) for central government employees. UPS will provide assured payouts to the employees. Around 31,555 central government employees have opted for the Unified Pension Scheme (UPS) till July 20, and the ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with na ...Read More >
New Delhi: The government has introduced four amendments to the Income Tax Act, 1961, relevant for FY 2025-26, but included in the Income Tax Bill, 2025, applicable for FY 2026-27, Union Finance Minister Nirmala Sitharaman has said. The major amendment grants tax exemption on dividends, interest, and long-term capital gains to sovereign wealth funds and pension funds investing in infrastructure from April 1, 2020, to December 31, 2030, subject to notification. The Public Investment Fund (PIF) ...Read More >
New Delhi: Amidst subdued response from Unified Pension Scheme (UPS), question was raised in the Lok Sabha earlier this week whether the government proposes to restore the Old Pension Scheme (OPS). Lok Sabha CPM MP from Bihar's Arrah and Utkarsh Verma Madhur, Samajwadi Party LS MP from Kheri raised the question in the lower house on August 11, seeking response from the Finance Ministry regarding the details thereof and along with the reasons for introducing UPS. The UPS pension scheme introduc ...Read More >
New Delhi: A total of 1.3 lakh minors have been enrolled under the NPS Vatsalya Scheme, the Union government informed the Parliament. In a written reply in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said that 130 thousand minor subscribers are registered under the NPS Vatsalya Scheme from September last year till August 3. The NPS Vatsalya Yojana, also known as the National Pension System Vatsalya, is a retirement savings scheme designed for minor children in India. Also Re ...Read More >
New Delhi: Choosing Between different government pension scheme can be confusing while UPS can Provide steady inflation proof income, NPS can provide much better return on your pension depending on how bonds and market performs. Government employees often wonder whether to choose the National Pension System (NPS) or the Universal Pension Scheme (UPS) for their retirement. NPS is a system where both the employee and the government contribute regularly to a retirement fund, which is then invested ...Read More >
New Delhi: The government has made necessary changes to provide tax benefits to employees opting for Unified Pension Scheme ( UPS ) at par with those under National Pension System ( NPS ) in a bid to promote UPS. The inclusion of UPS under the tax framework marks another step forward in the government's effort to strengthen retirement security for central government employees through transparent, flexible and tax-efficient options, the finance ministry said in a statement, as reported by news ag ...Read More >
New Delhi, July 4 (SocialNews.XYZ) The Finance Ministry announced on Friday that the tax benefits available under the National Pension Scheme (NPS) will apply mutatis mutandis to the Unified Pension Scheme (UPS), as it is an option under the former. The measure aims to provide further impetus to the UPS. These provisions ensure parity with the existing NPS structure and provide substantial tax relief and incentives to employees opting for the UPS, according to the Finance Ministry statement. T ...Read More >
New Delhi, Jul 4 (PTI) In a bid to promote Unified Pension Scheme, the government has made necessary changes to provide tax benefits to employees opting for UPS at par with those under National Pension System (NPS). The inclusion of UPS under the tax framework marks another step forward in the government's effort to strengthen retirement security for central government employees through transparent, flexible and tax-efficient options, the finance ministry said in a statement. "The government h ...Read More >
New Delhi [India], July 4 (ANI): The Finance Ministry has announced that all tax benefits available under the National Pension System (NPS) will also apply to the Unified Pension Scheme (UPS). The announcement is a significant move that will make UPS more attractive for central government employees. Also Read | Israeli Strikes Kill 15 in Gaza, While Shootings Kill 20 People Waiting for Aid, Authorities Say. The Unified Pension Scheme was introduced earlier this year as an option under NPS for ...Read More >
The Asia Pacific Stevie Awards are considered among the region's premier business awards Financial services platform KFin Technologies Ltd has been awarded a Bronze Stevie Award at the 2025 Asia Pacific Stevie Awards in the innovation in brand renovation category, the company said in a statement on June 2. The company's submission, "KFintech's Rebranding Journey - Transforming from Fintech to Techfin," was recognized in the Awards for innovation in marketing track. "Receiving this Bronze Stev ...Read More >
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