NPS is mandatorily applicable on Central Government employees (except Armed Forces) recruited on or after 01.01.2004. Govt. employees make a monthly contribution at the rate of 10% of their salary and a matching contribution is paid by the Government. For central Govt. employees, the employer’s contribution rate has been enhanced to 14% w.e.f. 01.04.2019. In Aug 2021, this contribution of 14% has been extended to employees of Central Autonomous Bodies (CAB) also with effect from 01.04.2019. The contributions and investments would be deposited in the Tier I of PRAN.
How many wetlands of international importance are there in India, including the newly recognized Nagi and Nakti Bird Sanctuaries?
Which mutual fund company has launched a private credit alternative investment fund (AIF) and is aiming to raise as much as Rs 1,250 crore from invest...
How many scientists have been jointly awarded the Nobel Prize for Physics in the year 2023?
Which organization attained Navratna status on 30th August 2024?
Which company had launched Mahila Money Prepaid Card to help women entrepreneurs?
Since the middle of the previous decade, RBI and the government have made dedicated efforts in terms of calibrated policy measures like strengthening th...
Where are the headquarters of ReNew Energy Global Plc ?
A new mobile application GS NIRNAY (National Initiative for Rural India to Navigate, InnovAte and Resolve PanchaYat) decisions has been developed to rec...
Which Indian athlete will be honored with the Olympic Order by the International Olympic Committee (IOC) in 2024?
According to a report by the PHD Chamber of Commerce and Industry (PHDCCI) on 'Viksit Bharat @2047', what is the projected size of the Indian economy by...
