Business
NPS Changes In 2025: Know New Rules On Exit, Withdrawal, Lock-In And Entry
Pension Fund Regulatory and Development Authority has amended NPS exit and withdrawal rules to give subscribers greater flexibility, choice and control over their retirement savings.

The revised rules primarily target the non-government sector, where NPS participation is voluntary, covering both All Citizen and Corporate subscribers.

Non-government subscribers with an NPS corpus of more than Rs 12 lakh can now withdraw up to 80% of their savings as a lump sum, with only 20% mandatorily allocated to an annuity.

For All Citizen subscribers, the minimum lock-in period for premature exit has been removed, easing access to accumulated pension wealth.

At normal exit, non-government NPS subscribers can now withdraw up to 80% of their corpus as lump sum, with the mandatory annuity portion reduced to 20%.

The threshold for 100% lump-sum withdrawal has been raised significantly, with greater flexibility through systematic lump-sum or unit withdrawals for mid-sized corpuses.

Individuals joining NPS after age 60 will no longer face a vesting period and will also be eligible for up to 80% lump-sum withdrawal at exit.

Up to 25% of own contribution can be withdrawn for housing, medical needs, or loan repayment, with clearer timelines.

While core annuity requirements for government subscribers remain unchanged, higher corpus thresholds and systematic withdrawal options have been introduced.

The maximum entry and exit age under NPS has been increased to 85 years, allowing subscribers to stay invested longer.

Subscribers can now seek financial assistance from regulated institutions, with lenders allowed to mark lien on up to 25% of the subscriber’s own NPS contribution.

By simplifying exits, expanding withdrawal choices and improving liquidity, the amendments aim to make NPS more inclusive while safeguarding long-term retirement income.
Business
Ads for British beef and milk banned following Chris Packham complaint
Two ads promoting British beef and milk have been banned after television presenter and environmental campaigner Chris Packham complained that they misled consumers about the products’ carbon footprints.
Both ads for the Agriculture and Horticulture Development Board’s (AHDB) Let’s Eat Balanced campaign used the carbon footprint of British beef and milk to promote the products, firstly stating: “British beef not only tastes great, but has a carbon footprint that’s half the global average*.”
The asterisk linked to text that stated: “Full lifecycle emissions of CO2 eq (carbon dioxide equivalent) per kg of beef.”
The ad for milk stated: “British milk not only tastes good, but is also produced to world-class standards, and has a carbon footprint a third lower than the global average.”
Packham complained to the Advertising Standards Authority (ASA) that the ads, and specifically the carbon footprint claims, were misleading as they did not reflect the full environmental impact of British meat and dairy.
The AHDB said the ads’ mention of carbon emissions would be understood in relation to the environmental impact of beef and milk that occurred between the “cradle-to-retail” stages.
But the ASA said the average consumer “being reasonably well-informed, observant and circumspect” would understand the claims to apply beyond the retail stage and include actions such as cooking and wastage.
The ASA said: “While we acknowledged the potential difficulties in producing post-retail emissions data, the claims in the ads suggested those emissions were included and we therefore expected the evidence provided to also include them.
“We therefore concluded that the evidence presented was insufficient to support the full life-cycle claims in the ads, which was how the average consumer was likely to interpret them.
“We reminded AHDB that environmental claims should be based on the full life cycle unless the ad stated otherwise.”
AHDB’s director of communications and market development, Will Jackson, said: “Let’s Eat Balanced is doing what it was designed to do, providing clear, factual, evidence-led information about British food, nutrition and farming standards.
“Since the investigation began, we have conducted independent consumer research which found that the majority of respondents interpreted these adverts as relating to the production phase only, from farm to retail.
“This research provides important insight into consumer understanding and supports our belief that consumers were not misled by the information we shared in these two specific adverts.”
Business
Gen Z pros embrace ‘portfolio careers’ as side hustles surge – The Times of India
BENGALURU: India’s Gen Z workforce is embracing what experts describe as “portfolio careers” – balancing multiple professional identities and income streams simultaneously. New research from LinkedIn shows that 75% of Gen Z entrepreneurs in India now manage multiple income streams, significantly higher than the 62% among Gen X entrepreneurs. The findings point to a growing preference among younger professionals for flexibility, autonomy and diversified sources of income. “We’re also seeing the rise of the ‘portfolio era’, with more professionals creating multiple income streams and redefining what a career can look like. This shift is making entrepreneurship more accessible than ever before,” said LinkedIn India country manager Kumaresh Pattabiraman.Rather than depending on a single full-time role, many professionals are simultaneously building businesses, freelancing, consulting, creating online content and monetising specialised skills through digital platforms. The trend comes amid a broader rise in entrepreneurial activity in India. LinkedIn recorded a 104% year-on-year increase in members adding “Founder” to their profiles – the highest growth among all global markets.AI is also emerging as a major enabler of this shift. The report found that 85% of Gen Z entrepreneurs consider AI and digital tools important to their business operations.
Business
Elon Musk said control of OpenAI should go to his children, Sam Altman tells jury
Sam Altman said Elon Musk tried many times for total control of OpenAI, which he’s now suing.
Source link
-
Tech1 week agoDHS Demanded Google Surrender Data on Canadian’s Activity, Location Over Anti-ICE Posts
-
Business1 week agoHeineken plans huge investment in hundreds of UK pubs ahead of World Cup
-
Tech5 days agoA new frontier: Identity stack evolves for agentic systems | Computer Weekly
-
Tech4 days ago‘Orbs,’ ‘Saucers,’ and ‘Flashes’ on the Moon: Pentagon Drops New UFO Files
-
Business1 week agoIndia among most resilient large EMs, better placed for future global shocks; policy reforms & strong buffers help: Moody’s – The Times of India
-
Tech5 days agoWhat Microsoft Executives Really Thought About OpenAI in 2018
-
Fashion5 days agoNew orders in German manufacturing up 5% MoM in Mar 2026: Destatis
-
Sports5 days agoShaheen Afridi achieves landmark feat during opening Test against Bangladesh
