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Why in the news? Deepak Mohanty, Chairman of PENSION FUND, announced plans to introduce new life cycle fund options for NPS subscribers by September, aiming to enhance equity exposure and accommodate changing subscriber needs. Key Points: NPS age tapering will extend to 45 years from 35, with increased equity exposure adjustments. New LC75, LC50, LC25 …
Read MoreRelevance: GS 2 – Welfare schemes for vulnerable sections of the population by the Centre and States and the performance of these schemes Why in the News? Rising Ageing Population: India is witnessing a significant increase in its ageing population. Need for Preparatory Measures: There’s an urgent need to focus on strategies to support the …
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