EconomyGovernance
News 0 of 0

PFRDA: NPS AUM at ₹17 Lakh Cr, OPS Unsustainable; 8 States Adopt Unified Pension Scheme

Target:UPSC GS-IIIMPSCBankingSSC GATeachingPrelims HighMains MediumStatic GK Link
15 Feb 2026
~2 min
Source: Indian Express
Key Data:₹17 lakh crore20% growth9 crore subscribers7 crore APY subscribers8 states
Bodies:PFRDASEBISIDBI
Practice MCQs from today's news ▸
What This Article Covers

1.PFRDA Chairperson Sivasubramanian Ramann states the Old Pension Scheme (OPS) is fiscally unsustainable for state governments and stresses the necessity of a funded pension account like the NPS.

2.The NPS has an AUM of ₹17 lakh crore with 9 crore subscribers, while 8 states have adopted the Unified Pension Scheme. PFRDA is expanding coverage through FPOs, MSMEs, and self-help groups.

3.For exams, focus on the NPS vs OPS debate, the role of PFRDA, the fiscal burden of defined-benefit pensions, and the recent state-level developments (Chhattisgarh, Punjab).

The Big Picture
Prelims · HighMains · Medium

The PFRDA Chairperson has warned state governments about the fiscal unsustainability of reverting to the Old Pension Scheme (OPS). While states are free to offer OPS, they must maintain contributions to the funded National Pension Scheme (NPS), which has a total AUM of ₹17 lakh crore. This is a critical issue for aspirants as pension reforms are a recurring theme in Economy and Governance sections of major exams.

Exam Lens

Quick Exam Facts From News

NPS Total AUM (Feb 2026)₹17 lakh crore
NPS Year-on-Year Growth20%
Total Active Subscribers9 crore
APY Subscribers7 crore
States with Unified Pension Scheme8
States Mentioned (OPS)Chhattisgarh, Punjab

1-Minute Revision

  • ›NPS Total AUM (Feb 2026): ₹17 lakh crore
  • ›NPS Year-on-Year Growth: 20%
  • ›Target this Data: NPS AUM as of Feb 2026 is ₹17 lakh crore with 9 crore subscribers.
  • ›Target this Nodal Body: Pension Fund Regulatory and Development Authority (PFRDA) regulates NPS.
  • ›Target this Scheme: Atal Pension Yojana (APY) has 7 crore subscribers out of the total 9 crore pension subscribers.

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

Which statutory body is responsible for regulating the National Pension System (NPS) in India?

Q2Statement-basedMedium

Consider the following statements regarding pension schemes in India:

1. The Old Pension Scheme (OPS) is a defined-contribution, funded pension model.

2. The National Pension System (NPS) had an Assets Under Management (AUM) of approximately ₹17 lakh crore as of February 2026.

3. The Atal Pension Yojana (APY) has a larger number of subscribers compared to the NPS.

Which of the statements given above is/are correct?

Q3Data-centricEasy

As per the news, how many states have adopted the Unified Pension Scheme (UPS) as mentioned by the PFRDA Chairperson?

Q4Application/ImpactMedium

What is the primary argument made by the PFRDA Chairperson against states reverting to the Old Pension Scheme (OPS)?

All 0 MCQs ▸
You finished this topic
Explore Related Topics
Related Current Affairs
Polity Current Affairs

VB-G RAM G Scheme: Karnataka Person-Days Fall 70% in July, 805 GPs with Nil Expenditure

The new VB-G RAM G scheme, which replaced MGNREGA from July 1, 2026, has seen a drastic drop in employment generation in Karnataka - only 17.98 lakh person-days in July 2026 vs 61.48 lakh in July 2025 under MGNREGA. Implementation delays, lack of clarity, and procedural hurdles are blamed. This is critical for understanding rural employment policy shifts.

Economy Current Affairs

Cabinet Raises EPFO Wage Ceiling to ₹25,000, 51 Lakh More Workers Covered; EPS Minimum Pension Unresolved

The Union Cabinet has raised the wage ceiling for mandatory EPFO coverage from ₹15,000 to ₹25,000 after a 12-year gap, bringing an additional 51 lakh workers under social security. However, the minimum pension of ₹1,000 per month remains unchanged since 2014, with 45% of 82 lakh pensioners receiving that amount or less, sparking demands for urgent revision.

Economy Current Affairs

Centre Mandates 60:40 Centre-State Funding Split for VB-G RAM-G Rural Employment Scheme

The Centre has shifted the funding pattern of the National Rural Employment Guarantee Scheme (now VB-G RAM-G) from 100% central funding to a 60:40 Centre-State split (90:10 for Himalayan/Northeast states). This marks a major fiscal federalism change, with states allocating full 40% despite political opposition. Essential for Prelims (ratio, scheme name) and Mains (fiscal federalism, rural wage floor).

Polity Current Affairs

MCA Data Reveals Only 9 Women CEOs, 25 MDs in India's Top 500 Listed Companies

Ministry of Corporate Affairs data tabled in Lok Sabha reveals severe underrepresentation of women in top corporate leadership: only 9 CEOs and 25 MDs among India's 500 largest listed companies. This directly impacts the UPSC/state PSC themes of women empowerment, corporate governance, and the effectiveness of legal mandates under the Companies Act, 2013.

Social Issues Current Affairs

CMS-E 2025: Govt School Education Costs ₹4,757/yr; Private Coaching Largest at ₹1,855

This article reveals that while government school education is nominally 'free', families spend an average of ₹4,757 per child annually, with private coaching (₹1,855) being the largest component. Only 27% of students take coaching, but it accounts for 40% of total costs. The RTE Act's narrow definition of 'free' only covers the course fee (₹324), leaving the bulk of expenses unaddressed. This data is critical for understanding the real cost of education and the limitations of current policy.

Economy Current Affairs

Nestle Seeks Industry Consultation on India's Front-of-Pack Food Labelling Rules; SC Slams Delays

Nestle CEO has urged the Indian government to consult the food industry before finalizing front-of-pack warning labels for high fat, sugar, and salt products. This comes after the government dropped a similar proposal in March following opposition from companies like Coca-Cola, and the Supreme Court slammed the delay. The debate highlights the conflict between public health interests and corporate influence in India's $100 billion packaged food market.

Social Issues Current Affairs

ESIC Report Warns Against Privatisation, Recommends ₹33,000 Wage Ceiling, Panchdeep 2.0 Rollout

The 'ESI Ki Baat' report by Safe In India warns against privatisation of ESIC and recommends raising the wage ceiling to ₹33,000 from ₹21,000 to expand coverage. It also highlights the rollout of Panchdeep 2.0 digital platform and stresses that private involvement must be strictly regulated.

Economy Current Affairs

VB-G RAM G Reports 49.94% YoY Decline in Rural Employment Generation in July 2026

The government replaced the two-decade-old MGNREGS with the new VB-G RAM G scheme from July 1, 2026. First-month data shows a sharp 49.94% year-on-year drop in person-days (7.67 crore) and a 51.45% fall in households availing work (68.94 lakh). This decline, the lowest in five years, raises concerns about rural demand and the fallback for agricultural labourers during an erratic monsoon.