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The Hindu Explains | Why is the government tweaking the National Pension System?

What are the major changes being proposed to the NPS?
The story so far: Started as the New Pension Scheme for government employees in 2004 under a new regulator called the Pension Fund Regulatory and Development Authority (PFRDA), the National Pension System (NPS) has been open for individuals from all walks of life to participate and build a retirement nest-egg. Given the dominance of informal employment in India, the Employees’ Provident Fund Organisation, which is contingent on a formal employer-employee relationship, only covers a fraction of the workforce. The NPS has been gradually growing in size and now manages ₹5.78 lakh crore of savings and 4.24 crore accounts in multiple savings schemes. Of these, over 3.02 crore accounts are part of the Atal Pension Yojana (APY), a government-backed scheme for workers in the unorganised sector that assures a fixed pension payout after retirement. The rest constitute voluntary savings from private sector employees and self-empl ....

Supratim Bandyopadhyay , Pension Fund Regulatory , National Pension System , Development Authority , Employee Provident Fund Organisation , New Pension Scheme , Atal Pension Yojana , National Pension , The Hindu Explains , Pension Fund Regulatory And Development Authority , Retirement Nest Egg , Informal Employment , Employees Provident Fund Organisation , Formal Employer Employee Relationship , India Workforce , Savings Schemes , Workers In The Unorganised Sector , Fixed Pension Payout , Voluntary Savings , Private Sector Employees , Self Employed Individuals , ஓய்வூதியம் நிதி ஒழுங்குமுறை , தேசிய ஓய்வூதியம் அமைப்பு , வளர்ச்சி அதிகாரம் , ஊழியர் வருங்கால நிதி ஆர்கநைஸேஶந் , புதியது ஓய்வூதியம் திட்டம் ,

Higher job losses among young workers not good for economic recovery: CMIE

Higher job losses among young workers not good for economic recovery: CMIE
As per the latest CMIE report, there were job losses in younger age groups, those below 40 years of age, while all age groups above 40 years have seen a small gain in employment
Chitranjan Kumar | January 15, 2021 | Updated 19:56 IST
Nearly 15 million less people were employed in December 2020, says CMIE
At a time when most economists expect the economy to recover in the second half of the current fiscal year, private think-tank the Centre for Monitoring Indian Economy (CMIE) does not support such optimism, citing a reverse trend in employment statistics. The agency believes that higher job losses among young workers, which account for a major share of total employment, don t bode very well for a stronger recovery in the second half of 2020-21 or in the future. ....

Centre For Monitoring Indian Economy , Monitoring Indian Economy , Mahesh Vyas , Unemployment In India , Young Worker , India Workforce , Cmie Data , Job Losses Among Young Workers , Job Market , மையம் க்கு கண்காணிப்பு இந்தியன் பொருளாதாரம் , கண்காணிப்பு இந்தியன் பொருளாதாரம் , மகேஷ் வியாஸ் , வேலைவாய்ப்பு இல் இந்தியா , இளம் தொழிலாளி , இந்தியா தொழிலாளர்கள் , வேலை இழப்புகள் மத்தியில் இளம் தொழிலாளர்கள் , வேலை சந்தை ,