National Pension System

September 15, 2026 9:59 AM

DoRD and PFRDA sign MoU, ‘Pension Sakhis’ to expand reach in rural India

In a bid to expand pension coverage and strengthen social security in rural India, the Department of Rural Development (DoRD) and the Pension Fund Regulatory and Development Authority (PFRDA) have inked a Memorandum of Understanding (MoU) to facilitate pension awareness, enrolment and support among rural households through a dedicated cadre of ‘Pension Sakhis’, the Ministry of Rural Development said in a press release. Leveraging rural community networks Leveraging the community institut...

January 1, 2026 1:35 PM

PFRDA unveils reforms to expand and strengthen National Pension System

The Pension Fund Regulatory and Development Authority (PFRDA) has approved a series of policy reforms aimed at promoting sustainable growth and strengthening governance in the National Pension System (NPS). The framework, which comes into effect in phases, is designed to enhance competition, safeguard subscriber interests, and expand coverage across corporate, retail, and gig-economy segments. Under the new framework, Scheduled Commercial Banks (SCBs) will be permitted to independently sponsor ...

July 4, 2025 3:36 PM

Government extends NPS tax benefits to new Unified Pension Scheme

The Finance Ministry on Friday announced that all tax benefits currently available under the National Pension System (NPS) will also be extended to the newly introduced Unified Pension Scheme (UPS). The decision aims to make the Unified Pension Scheme more attractive for central government employees, providing parity between the two pension options. Introduced earlier this year, the UPS is available to new recruits joining the central government civil services from April 1, 2025. Existing gove...

September 16, 2024 6:03 PM

India doubts credibility of Citigroup report on state of employment

The Indian government has strongly refuted a recent Citigroup report on the state of employment in India, calling into question its credibility and methodology. In a statement released Monday, the Ministry of Labour and Employment criticized the report for failing to consider all official data sources available in the public domain. The Citigroup report, which has been widely cited in media outlets, forecasted that India would struggle to create sufficient employment opportunities even with a 7...