PFRDA is a reality now, will the real NPS follow?

At long last, after close to a decade of waiting in the Pension Fund Regulatory and Development Authority Bill (PFRDA) has been passed by Parliament. With this, the PFRDA gets statutory status. As far as the operation of the National Pension System (NPS) goes, this Bill doesn't change anything on the ground. The PFRDA has been in operation since 2003 and the NPS has come into existence during this time in bits and pieces.

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