Day: October 16, 2017

Atal Pension Yojana with contribution of Rs. 2690 crores

Atal Pension Yojana currently has over 69 lacs subscribers with contribution of Rs. 2690.00 crores. Chairman, PFRDA Shri Hemant G Contractor however emphasised the need of increasing the pension coverage in India at a recently concluded conference on Atal Pension Yojana. The conference organised by Pension Fund Regulatory and Development Authority (PFRDA) in the national capital saw participation from all major banks, representatives from NPCI, SCHIL, SIDBI, Access Assist and some major MFIs. A large section of the society still does not have access to pensions and this is a cause of concern for PFRDA and Government, Shri Contactor...

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Trend of Rate of Inflation for some important items during last six months

The annual rate of inflation, based on monthly WPI, stood at 2.60% (provisional) for the month of September, 2017 (over September,2016) as compared to 3.24% (provisional) for the previous month and 1.36% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 0.97% compared to a build up rate of 3.44% in the corresponding period of the previous year. The index for ‘Manufacture of Food Products’ group rose by 0.7 percent to 128.2 (provisional) from 127.3 (provisional) for the previous month due to higher price of copra oil (7%), processing...

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