Guaranteed Pension under NPS: PFRDA PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B-14/A, Chhatrapati Shivaji Bhawan, Qutab Institutional Area, Katwaria Sarai, New Delhi-110016 File No. PFRDA/16/3/29/0081/2017-REG-PF Date: 13th February,2019 To Shri C.SriKumar General Secretary All India Defence Employee’s Federation S.M.Joshi Bhavan,Survey No.81, Dr.Babasaheb Ambedkar Road, Khadki, Pune – 411 003 Subject: Guaranteed Pension to the Central […]
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National Pension System
National Pension System (NPS) – 42 Aspects to Know before March 2019
National Pension System (NPS) – 42 Aspects to Know before March 2019 1) What is National Pension System? NPS is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings account. Under the NPS, the individual contributes to his retirement account and also his employer can also co-contribute for the social security/welfare of the […]
National Pension System Amendments – Gazette Notification
National Pension System Amendments – Gazette Notification MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 31st January, 2019 F. No. 1/3/2016-PR. – In partial modification of para 1(i) of Ministry of Finance’s Gazette Notification No. 5/7/2003-ECB-PR dated 22nd December, 2003, based on the Government’s decision on 6th December, 2018 on the recommendations of […]
7th Pay Commission implemented and NPS has been liberalized – Finance Minister
7th Pay Commission implemented and NPS has been liberalized – Finance Minister The Union Minister for Finance, Corporate Affairs, Railways and Coal, Shri Piyush Goyal said that the 7th Pay Commission recommendations were implemented and New Pension Scheme (NPS) has been liberalized. The Government’s contribution in NPS had been increased 10% to 14%. The limit of […]
NPS for Tripura employees recruited on or after 1st July, 2018
Implementation of NPS for employees recruited on or after 1st July, 2018 Government of Tripura Finance Department National Pension Scheme No.F.9 (1) (131)-Fin (E)/95(P)/STATE/14 Dated, Agartala, January, 2019 Memorandum It has been decided by the Government of Tripura that the employees were recruited on or after 1′ July., 2018 shall come under the purview of […]
Authorisation of withdrawals under National Pension System
Authorisation of withdrawals under National Pension System GOVERNMENT OF INDIA MINISTRY OF RAILWAYS (RAILWAY BOARD) RBA No. 5/2019 No. 2017/AC-II/21/2 New Delhi, dated 15.01.2019 PFAs All Zonal Railways and PUs Sub: Authorisation of withdrawals under National Pension System (NPS) At present, the Personnel Deptt are exercising function of initiation as well as authorisation (approval) of […]
National Pension System – Shri Arun Jaitley letter to Shri Nitin Gadkari
National Pension System – Shri Arun Jaitley letter to Shri Nitin Gadkari National Pension System – Shri Arun Jaitley letter to Shri Nitin Gadkari (Min of Water Resources, Road Transport & Highways) D.O. No.8/5/2018-PR Arun Jaitley Minister of Finance and Corporate Affairs India Dated the 03 January, 2019 Dear Shri Nitin Gadkari This has reference […]
National Pension System Withdrawal Norms
National Pension System Withdrawal Norms The Pension Fund Regulatory and Development Authority (PFRDA) has changed the norms for withdrawal of National Pension System (NPS) subscribers. Keeping in view the possibility of sudden financial needs of the subscribers, the requirement of minimum period under National Pension System (NPS) for availing the facility of partial withdrawal from […]
NPS vs Mutual Funds: Why National Pension System may be best retirement planning scheme in India
NPS vs Mutual Funds: Why National Pension System may be best retirement planning scheme in India National Pension System vs Mutual Funds: The recent changes to National Pension System by the government has brought (NPS) at par with schemes like EPF, PPF and GPF. You may be surprised to know that in many ways, NPS is […]
NPS not on par with EPF, PPF despite changes
NPS not on par with EPF, PPF despite changes The cabinet made certain important amendment to National Pension System (NPS) on December 6, 2018. There is confusion galore in the minds of taxpayers about the implications and applicability of the decisions. Let us discuss. Increased central government’s contribution to NPS Presently the Central Government contributes […]