On 16th March 2023, the Pension Fund Regulatory and Development Authority (PFRDA) issued a circular, PFRDA/2023/11/Fintech/02, addressed to all National Pension System (NPS) stakeholders and Account Aggregators (AAs), regarding financial information types for NPS balances. Account Aggregators are non-banking financial companies (NBFCs) regulated by the RBI, enabling customers and investors to access their financial information […]
Archives for April 2023
Growing Demand in India for Professionals in the Merchant Navy Sector PDF
The Ministry of Ports, Shipping and Waterways of the Government of India has addressed a query in the Rajya Sabha regarding the recruitment of merchant navy professionals. The Ministry acknowledged the increased demand for merchant navy professionals due to the rise in commercial activities, but stated that there is no specific recruitment scheme in place […]
RBI has Released a List of Public Sector Banks in India PDF
The Lok Sabha in India raised an unstarred question on public sector banks, to which the Ministry of Finance responded with information provided by the Reserve Bank of India. The response stated that there are twelve public sector banks currently operating in India, and Annexure-II provides details on the number of accounts, total deposits, and […]
Surrendering Posts as a Rational Approach to Optimize Manpower PDF
In response to a letter from the General Secretary of the All India Railwaymen’s Federation (AIRF) about rationalizing manpower and surrendering posts, the Ministry of Railways has stated that they review the sanctioned strength of manpower regularly and have already instructed the Zonal Railways/PUs to work with Recognized Unions at the Zonal/Divisional level to avoid […]
All Group ‘A’ Officers of the DOP are Required to Submit their APARs Online for the year 2022-23 PDF
The Department of Posts in India has issued an Office Memorandum to remind all relevant officials to complete their Annual Performance Appraisal Reports (APARs) for the year 2022-23 within the specified time frame. The APAR is a crucial document for evaluating an officer’s performance and determining their future promotions/career advancements. The OM emphasizes the process […]