Top government officials are already getting a policy blueprint ready for different sectors much ahead the upcoming term of the NDA government, led by PM Narendra Modi. If the NDA government gets elected in the upcoming Lok Sabha elections, it would be its third term in a row. The detailed plan for the next term … Read more
Union Finance Minister Nirmala Sitharaman will read out the Interim Budget 2024 on February 1. Though there is a clear indication that the Centre may not declare major changes in the taxation system like last year, there is a buzz that the Cente may bring in some modifications in the Atal Pension Yojana. Government sources … Read more
National Pension System 2024: The Centre may extend the benefits of the National Pension System (NPS) to the new tax regime, a report said on Wednesday. It is to be noted that the New Tax Regime doesn’t have most tax exemptions valid under the Old Tax Regime. CNBC Awaaz reported that the government may make … Read more
Limited (HDFC) on Saturday said its life insurance arm has received nod from the pension fund regulator PFRDA for change in shareholding ahead of the merger between and subsidiary HDFC Bank. PFRDA vide its letter dated November 11, 2022 to , has granted its approval for proposed change in shareholding of HDFC Life, sponsor company … Read more
Making the National Pension System (NPS) more attractive for subscribers joining it after 65 years of age, the PFRDA has permitted them to allocate up to 50 per cent of the funds in equity, besides easing the exit norms. The Pension Fund Regulatory and Development Authority (PFRDA) has revised the guidelines on entry and exit … Read more
Pension Fund Regulatory and Development Authority on Wednesday said asset under management (AUM) generated by pension schemes has crossed the Rs 6 lakh crore-milestone. Pension Fund Regulatory and Development Authority (PFRDA) is the statutory authority established by an enactment of Parliament, to regulate, promote and ensure orderly growth of the National Pension System (NPS) and … Read more
New Delhi: The government is considering a higher limit for foreign investment in the insurance and pension sectors, currently pegged at 49% of paid-up equity capital. The proposal under consideration is to raise the limit to 74%, on par with that for private banks, an official aware of deliberations told ET. “There is a view … Read more
Pension sector regulator, Pension Fund Regulatory and Development Authority (PFRDA) on Tuesday said that total pension assets under management increased by 35.76% and touched Rs 5.32 lakh crore in November, 2020 as against Rs 3.92 lakh crore last year. PFRDA manage the National Pension System & Atal Pension Yojana. The pension authority noted that the … Read more