National Pension Scheme Current Affairs - 2020

PFRDA: Around 2 million opt for Atal Pension Yojana

The Pension Fund Regulatory and Development Authority (PFRDA) announced that around 2 million people subscribed for Atal Pension Yojana between April 2020 and August 2020. It has brought the base of government backed pension scheme to 21 million. Highlights The PFRDA also announced that the Assets Under Management (AUM) of the National Pension Scheme is Read More…

PFRDA suggests comprehensive Scheme to the Finance Ministry

On May 17, 2020, the Pension Fund and Regulatory Authority (PFRDA) of India suggested comprehensive scheme to the Ministry of Finance. Under the scheme, the social security measures for the people with low income are to be explored. Highlights The PFRDA has suggested comprehensive pension scheme to take along Pradhan Mantri Jeevan Jyoti Bima Yojana, Read More…

National Pension Scheme for traders: Not successful as expected

The National Pension Scheme for traders, Shopkeepers and Self-Employed persons, also called the Pradhan Mantri Laghu Vyapari Maan-dhan Yojana was launched in July 2019. It aimed at benefitting 3 crore small traders and shopkeepers Highlights The Government set a target of 50 lakh enrolment by the end of March 2020. However, only 25,000 persons have Read More…

Labour Ministry is celebrating Pension Week

The Labor Ministry is celebrating pension week from November 30, 2019 to December 6, 2019 in order to increase enrolments under National Pension Scheme (NPS) for traders and Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM). The aim of the celebration is to enroll 1 crore beneficiaries under PMSYM and 50 lakh beneficiaries under NPS-traders. Highlights The Read More…

ESIC payroll data suggests 2 crore jobs created in 16 months

The Employees State Insurance Corporation (ESIC) payroll data released by the Central Statistical Office (CSO) suggests 2 crore jobs created in 16 months. The ESIC data is one of payroll numbers released by the Central Statistics Office (CSO) in its reports based on people joining various social security schemes run by Employees Provident Fund Organisation (EPFO) Read More…