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TMI BlogNeed to develop India into an insured society: Shri Arun JaitleyX X X X Extracts X X X X X X X X Extracts X X X X ..... Need to develop India into an insured society: Shri Arun Jaitley X X X X Extracts X X X X X X X X Extracts X X X X ..... ia into an insured society. Speaking at the Fourth Annual Conference on Pension organized by the Pension Fund Regulatory and Development Authority (PFRDA) here today, the Finance Minister emphasized the need for providing for old age income security and pension facility to the citizens in response to the evolving demographic profile, changing socio-economic structure and limitations on the fiscal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... resources. He added that the dependency of senior citizens is a grave challenge for the society and it can be met with evolution of concept of pension and its expansion. On the occasion, the Finance Minister, Shri Jaitley inaugurated the PFRDA's website on financial literacy and pension planning- 'Pension Sanchay' ( www.pensionsanchay.org.in ). He also released a report titled- 'Security for Seni ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ors- Opportunities and Challenges for creating an Inclusive and Sustainable Pension System in India" prepared by PFRDA in association with CRISIL. The Theme of the Conference was 'Creating an Inclusive and Sustainable Pension System in India: Opportunities and Challenges. Deliberations were held during two technical sessions- (i) Channelizing savings for old age income security and (ii) Pension P ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ayouts: The Road Ahead. The top seven performing APY-SPs (Banks) were awarded for their contribution in bringing subscribers under the social security net of APY under the 'Makers of Excelence campaign. Chairman, PFRDA, Shri Hemant Contractor, in his Key Note Address said it is PFRDA's endeavour to extend the pension cover to all those who do not have it. He informed the gathering that PFRDA is c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onsidering an auto enrolment system under National Pension System (NPS), with an element of soft compulsion, in which all the employees working in government identified sectors/industries in unorganized sector would be automatically covered unless they choose to opt out. He further assured that PFRDA will ensure to take all steps to increase the outreach of NPS and Atal Pension Yojana (APY) to mee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t the mandate under PFRDA Act. X X X X Extracts X X X X X X X X Extracts X X X X
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