Business

India's National Pension System (NPS) has emerged as a high-performing and cost-effective retirement planning tool, delivering over 13 per cent average annual returns in its equity schemes since inception, Finance Minister Nirmala Sitharaman said while addressing the NPS Diwas conference on 'Inclusive Pensions, Innovative Solutions: Strengthening Retirement Security in India' organized by Pension Fund Regulatory and Development Authority (PFRDA) in New Delhi.

Inflation in the current financial year and the next financial year (FY27) is likely to be much lower than the Reserve Bank of India's (RBI) projections, according to a report released by the State Bank of India (SBI).

Union Minister Piyush Goyal stated that the landmark Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) States - Iceland, Liechtenstein, Norway and Switzerland - brings capital, technology and jobs for India.

Commerce Secretary Rajesh Agrawal has said that India's coffee exports have doubled in recent years and called for efforts to further boost productivity.

Emphasising the significance of financial security for senior citizens, Chief Economic Advisor V Anantha Nageswaran has stressed that long-term savings will be essential to maintain living standards as the country's elderly population grows in the coming decades.

During the media briefing on Union Cabinet decisions, Vaishnaw's presentation used Zoho Show, a homegrown, cloud-based presentation software, demonstrating the country's growing capabilities in digital innovation.