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At present, investors are allowed to withdraw anytime before the age of 60 years.

However, there is a condition that 80% of the money will have to be used to buy an annuity plan.The rest 20% could be paid in lumpsum.

Amongst its other initiatives to promote NPS, the regulator has asked the central government to give exempt-exempt-exempt (EEE) status to NPS. Also, it had earlier recommended that the annual maintenance charges be borne by the government for the initialfew years. PFRDA has sought additional funds from the government to step up spending onadvertising.

Food Security

Central government hopeful of launching Food Security Act early next year

The central government is hopeful of being able to clear the Food Security Act, statutorily guaranteeing 25 kg of food grain to the neediest consumers at a price of Rs 3 per kg,by early next year. This is, despite the issue of accountability in case of failure of implementingthe scheme. However, it is reliably learnt that the Bill could come up in the winter session of theParliament. The draft Food Security Bill will soon be made available online for public debateand consultations. The Union food secretary has held consultations with heads of state food71departments. Preliminary work has already been completed in this respect, although details of the programme's rollout are yet to be firmed up.

Considering the substantial lay-offs in select sectors in the wake of global economic crisis, the government is expected to expand the scope of the programme to include sectors such as textiles as well as large sections of agricultural labour impacted by the volatility in the food sector.

The central government had begun consulting states on how to implement the scheme of providing cheap rations to Below Poverty Line (BPL) families. However, state food secretaries could not reach a consensus as to what should be the basis for allocation of food grains. Some wanted food grains to be distributed based on state's assessment of BPL families and not the model prescribed by t本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。