MUMBAI: The assets under management (AUM) of the National Payment System are expected to touch Rs 15 lakh crore by the end of the current fiscal year, Pension Fund Regulatory Development Authority (PFRDA) Chairman Deepak Mohanty said on Saturday.
At a media interaction following the official launch of the Association of NPS Intermediaries, Mohanty also said the take-up rate by the employees in the corporate sector remains a challenge.
This Association of NPS comprises stakeholders including pension fund managers, points of presence (bank and non-bank), central record-keeping agencies, trustee banks, custodians, aggregators, annuity service providers, pension agents, retirement advisors, and other industry participants.
The association aims to represent the interests of all intermediaries in the NPS ecosystem, promote NPS as a reliable, flexible, and tax-efficient retirement product, focus on subscriber welfare by ensuring smooth and transparent processes within the system and also to collaborate with regulators and policymakers to improve the NPS framework.
Esta historia es de la edición Kolkata 22December2024 de Millennium Post Kolkata.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición Kolkata 22December2024 de Millennium Post Kolkata.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
'ACTING IS LIKE PLAYING A SPORT'
Shweta Tripathi Sharma counts Ali Fazal, Vicky Kaushal and Vijay Varma among her favourite co-stars
A path to prosperity
The Delhi Model by Jasmine Shah explores the national capital's transformative approach to public education, healthcare, and other six key sectors, contrasting it with the Gujarat Model. Excerpts:
Fragile frontiers
India's flawed foreign policies and China's strategic influence have shifted regional dynamics in South Asia, resulting in amplification of security challenges, insurgencies, and geopolitical vulnerabilities, particularly in the Northeast and along the borders of certain neighbouring countries
SURVIVAL BEYOND FRACTURED FENCES
Bhaskar Roy's lyrical prose in the novel 'Border Crossers' evocatively explores the questions of identity, resilience, and socio-political strife through the intertwined lives of diplomat Arijit Basu, his fiancée Nandita Kapoor, and an undocumented Bangladeshi migrant navigating the fraught India-Bangladesh borderlands
Lifters Koyel, Nilam win silver in Asian Youth Weightlifting
India's Koyel Bar and L Nilam Devi won silver medals in the 55kg class in the youth and junior categories to take the country's tally to six in the Asian Youth and Junior Weightlifting Championships here on Saturday.
NZC delegation in Pak ahead of ODI tri-series
New Zealand Cricket (NZC) has sent a delegation to Pakistan to inspect security and other arrangements for a scheduled tri-series in January.
Paris high, Sreejesh farewell: Indian hockey has had a year to remember
Return of Hockey India League was the icing on the cake
Man City's free-fall continues; goals galore for Bayern Munich
Goals from Jhon Duran and Morgan Rogers at Villa Park consigned the four-time defending champion to a ninth defeat in 12 games in a season that is unravelling. Pep Guardiola's team has won just once during that run.
ISL: Fab four for EB, Mumbai climb to 4th
Mumbai City FC moved from the seventh place to the fourth spot in the points table, accumulating 20 points from 12 games
After T20 breeze vs Windies, India turn focus to ODIs
India will be eager to exploit their recent form and a historical advantage to subdue West Indies in the three-match ODI series beginning here with the first contest on Sunday.
