Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times
Business
Shaghil Bilali

NPS investment in startups: AINPSEF writes to PM Modi seeking probe and asks for dissolution of NPS Trust

Manjeet Singh Patel, president of the All India New Pension Scheme Employees’ Federation (AINPSEF), a central government employee body, has accused the National Pension System (NPS) Trust of serious financial irregularities, financial negligence, extending undue benefits to private entities, and working against the interests of employees. He made the allegations in a letter to Prime Minister Narendra Modi on Wednesday, October 14, 2026.

Patel has sought a high-level Comptroller and Auditor General of India (CAG) audit of NPS Trust and fixing accountability in the conflict of interest case between the NPS Trust and the Pension Fund Regulatory and Development Authority (PFRDA).

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.