Finance Minister Nirmala Sitharman has announced a plan to facilitate parents' contribution to their minor children's National Pension System (NPS) account.
To be called NPS Vaatsalya, the account can be converted into a regular NPS plan once the children attain the age of majority (18 years).
She also reiterated that a solution to address the concerns of government employees around NPS will be announced soon.
Developing story. More details to follow.
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