The total compensation of employees attached with private businesses climbed to 13.5% of the GDP in 2022-23
The goal is to keep NPS Trust separate from the pension regulator and administered by a 15-member competent board.
Kant emphasised that India's aim to become a global leader can be achieved if the country gets into the sunrise areas of growth.
PM Narendra Modi further said "the government is taking steps to make the financial services sector vibrant, proactive and strong".
The lateral entry mode relates to the appointment of specialists from the private sector in government organisations