Friday, August 9, 2013

NPS: Subscribers, Annual Return, Guidelines & Salient Feature - Rajya Sabha Q&A

Posted by Government Staff on 9:59 AM. ,,,,,, - No comments

NPS: Subscribers, Annual Return, Guidelines & Salient Feature - Rajya Sabha Q&A

GOVERNMENT OF INDIA
MINISTRY OF  FINANCE
RAJYA SABHA

UNSTARRED QUESTION NO-192
ANSWERED ON-06.08.2013

Subscribers of NPS
192. SHRI NAND KUMAR SAI

Will the Minister of FINANCE be pleased to state:

(a) the number of subscribers of National Pension Scheme (NPS) in the country alongwith the accumulated corpus contribution at the end of Financial Year 2012-13;
(b) whether the Pension Fund Regulatory and Development Authority (PFRDA) has revised the guidelines for registration of Pension Fund Managers in the country;
(c) if so, the details thereof and the salient features of said guidelines;
(d)    the details of returns on NPS Scheme before and after revision of such guidelines from various sectors; and
e)    the details of the steps taken by Government to make NPS as the highest returns generating scheme in the country?

ANSWER

The Minister of State in the Ministry of Finance (SHRI NAMO NARAIN MEENA)

(a) The total number of subscribers of New Pension System (NPS) at the end of Financial Year 2012-13, is 47,70,507 and the total corpus is Rs. 29,852.05 Crore.

(b) & (c) Yes, Sir. The Pension Fund Regulatory and Development Authority (PFRDA) has issued the “PFRDA (Registration of Pension Funds for Private Sector) Guidelines – 2012” on 12th July, 2012. The guidelines provide for registration of PFMs based on “fit and proper” criteria and subject to the maximum investment management fee prescribed by PFRDA.

d) As per the information provided by PFRDA, the annual returns on NPS Schemes as on 31-03-2012 and 31-03-2013 are as under :-

NPS Scheme
31-03-2012
31-03-13
Central Government
5.76%
12.39%
State Government
6.58%
13.00%
Scheme E
 -7.42%
8.38%
Scheme C
10.96%
14.19%
Scheme G
5.47%
13.52%
NPS Lite
9.03%
13.40%

e) Number of measures to maximise returns while addressing risk related issues under NPS for the subscribers are in place. These include prudential investment norms and close monitoring of the investment returns of the PFMs.

Source: Rajya Sabha

0 comments:

Post a Comment

Now Trending

34% DA Order for Central Govt Employees wef 01.01.2022 - Latest CG Employees DA Order Jan 2022

 DA Order for Central Government Employees from Jan 2022 - Finmin Order 2022 Latest CG Employees DA Order Jan 2022 Dearness Allowance payabl...

Disclaimer:

All efforts have been made to ensure accuracy of the content on this blog, the same should not be construed as a statement of law or used for any legal purposes. Our blog "Central Government Staff news" accepts no responsibility in relation to the accuracy, completeness, usefulness or otherwise, of the contents. Users are advised to verify/check any information with the relevant department(s) and/or other source(s), and to obtain any appropriate professional advice before acting on the information provided in the blog.

Links to other websites that have been included on this blog are provided for public convenience only.

The blog "Central Government Staff news" is not responsible for the contents or reliability of linked websites and does not necessarily endorse the view expressed within them. We cannot guarantee the availability of such linked pages at all times.

Any suggestions write to us
centralgovernmentnews@gmail.com