National Pension System Diwas – 1st October

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25 September 2021 Current Affairs:Pension Fund Regulatory & Development Authority (PFRDA) will have a look at October 01, 2021 as the National Pension System Diwas (NPS Diwas). 

♦ This campaign has been started by PFRDA below the ‘Azadi Ka Amrit Mahotsav’ to promote pension and retirement planning for a carefree ‘azad’ retirement. PFRDA is merchandising this marketing campaign on its social media structures with #npsdiwas.
♦ The pension regulator ambitions to encourage each citizen (working experts and self-employed professionals) to design towards creating a economic cushion to ensure for oneself a financially sound future after retirement. NPS subscribers will revel in the benefits, energy of compounding now and reap many of the advantages after retirement.
♦ Pension Fund Regulatory and Development Authority is the regulatory body under the jurisdiction of the Ministry of Finance, Government of India for average supervision and rules of pension in India.
♦ The Pension Fund Regulatory & Development Authority Act used to be surpassed on 19 September 2013 and the same was once notified on 1 February 2014.
♦ PFRDA regulates NPS, subscribed by personnel of Govt. of India, State Governments and by personnel of private institutions/organizations & unorganized sectors. The PFRDA is making sure the orderly increase and improvement of the pension market.

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