The scheme, launched on May 9, 2015, by Prime Minister Narendra Modi with the objective of delivering old age income security to all citizens of India, particularly to the workers in the unorganised sector.
Centre's flagship programs Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY), which intended to enable affordable insurance and security to people, completed eight years of their launch.
Reserve Bank of India (RBI) Governor Shaktikanta Das, Insurance Regulatory and Development Authority of India (IRDAI) Chief Debashish Panda, Securities and Exchange Board of India (SEBI) Chief Madhabi Puri Buch, Pension Fund Regulatory and Development Authority (PFRDA) Chief Deepak Mohanty,
Recently, a video of a retiree went viral that showed what groceries she could buy with 100 yuan, or USD 14.50, roughly her monthly pension and sole source of income. The video was later deleted by Chinese authorities.
The state government will be providing the government employees with a 'final and irrevocable' option to choose between the Old pension Scheme and the New Pension Scheme.
The participants at the events raised the demand for fixing the minimum wage at Pakistani Rupees (PKR) 50,000 per month, an increase in workers' salaries keeping in view the inflation, doubling the pension and withdrawing all recent increases in the tariffs of water, electricity and petroleu
Ahead of the protest, the police had warned of a heightened risk of violence, with a total of 291 detentions across France, 90 of whom were apprehended in Paris, according to the French Interior Minister Gerald Darmanin.
CPI Rajya Sabha MP Binoy Viswam has written a letter to Union Labour and Employment Minister Bhupendra Yadav seeking a thorough, transparent and agreeable plan in determining pensions for those who take the option to submit joint options with employers to claim higher pensions as per Supreme
As on date, the total assets under management (AUM) in APY is more than Rs 27,200 crore and the scheme has generated investment return of 8.69 per cent since inception of the scheme, according to a statement from the ministry of finance.