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GS3 · Pensions

PFRDA consults on valuing G-secs in NPS

1 min readCapital Market & SEBI
Battle IAS current affairs title card: PFRDA consults on valuing G-secs in NPS (GS3 · Pensions, 21 October 2025)
Asked by UPSCPrelims 20171 PYQ

UPSC has already asked about this. Read the story with these questions in mind.

What happened

  • PFRDA’s consultation paper (17 October 2025) proposes a dual valuation framework, accrual and fair market, for long-dated government securities held in NPS/APY [PIB].
  • Comments are open until 30 November 2025 [PIB].

Background

  • The aim is a more stable display of pension wealth for long-only funds [PIB].

Why it matters

  • Mark-to-market swings can scare subscribers who hold to maturity anyway.

How to use this in Mains

GS-III Indian economy: mobilisation of resources, financial inclusion

  1. As per PIB (2025-10-21): PFRDA's consultation paper (17 October 2025) proposes a dual valuation framework, accrual and fair market, for long-dated government securities held in NPS/APY.
  2. Mark-to-market swings can scare subscribers who hold to maturity anyway.
Quotable data point

Comments are open until 30 November 2025.

PIB: Finance: PFRDA consultation on valuation, 21 Oct 2025

Exam angle

UPSC

Prelims: PFRDA.

Practice MCQs

Original practice questions (not PYQs).

Practice · UPSC

Valuation proposed

Answer (a) & explanation

PIB.

Practice · UPSC

Comments deadline

Answer (a) & explanation

PIB.

Practice · UPSC

Schemes covered

Answer (a) & explanation

PIB.

Official source: PIB: Finance: PFRDA consultation on valuation, 21 Oct 2025

facts from cited sources only; faculty review pending