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Gig workers associated with Zomato, Swiggy, Blinkit, Ola, Uber and Urban Company can now build a retirement corpus through the National Pension System, with contributions starting at Rs 99. PFRDA has introduced a flexible framework allowing workers to invest at their own pace

The Pension Fund Regulatory and Development Authority (PFRDA) conducted an outreach programme in Gachibowli for banks and Lead District Managers of Telangana. Chief General Manager Pravesh Kumar highlighted the success of the Atal Pension Yojana (APY), noting that 8.59 crore subscribers have been enrolled nationwide.

The Telecom Regulatory Authority of India (TRAI) met with representatives from the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), the Insurance Regulatory and Development Authority of India (IRDAI), other financial institutions, and all telecom service providers (TSPs)

The number of subscribers in various schemes rose to 426.75 lakh by end-April 2021 from 346.01 lakh in April 2020.

At present, there is a threshold of Rs 2 lakh up to which a NPS subscriber can withdraw the entire money.

Under the current process, the NPS subscribers have to physically approach their Points of Presence (POPs) to complete their withdrawal request process and the task is performed offline, it said in a statement.

We may propose things like 14 per cent contribution by employers to be made tax free to all, said PFRDA Chairman Supratim Bandyopadhyay