National Pension System Assets under Management crossed 10 lakh crore

Current Context: The AUM of NPS and APY crossed 10 lakh crore (10 trillion) rupees on August 25, 2023. This was a significant milestone for the pension sector in India, as it showed the increasing popularity and trust of the people in these schemes.

• The AUM of NPS and APY doubled in less than three years, as it was around 5 lakh crore rupees in November 2020.
• The number of subscribers under NPS and APY also increased to more than 6.62 crore as of August 25, 2023.
• The AUM of NPS and APY is distributed across different segments, such as central government, state government, corporate, all citizen model, NPS Lite and APY.
• The PFRDA regularly carries out various initiatives to enhance financial education and awareness among the subscribers and the general public.
• It also celebrates October 1 as National Pension System Diwas (NPS Diwas) every year to promote pension and retirement planning.

Question:

Q.1 What is the name of the pension regulator in India?
a. PFRDA
b. SEBI
c. RBI
d. IRDAI