Pension regulator PFRDA has prolonged the ultimate date for filing bids for choice of a Gadget Integrator (SI) for design, building, implementation and upkeep of PFRDA intranet portal (PINTRA) to September 18.

The ultimate date for filing bids used to be previous fastened at August 16. 

A number of potential bidders had approached PFRDA looking for extra time to place in bids and this precipitated the regulator to increase the ultimate date to September 18, resources with regards to the advance mentioned.

Generation structure

The PINTRA (PFRDA intranet gadget ) is the primary segment of the Generation Structure (TARCH) challenge, and the pension regulator is deciding on a Gadget Integrator (SI) seller particularly for this module. 

The SI seller shall be liable for learning current processes, proposing progressed workflows, and offering design, building, customisation, implementation, and upkeep services and products for PINTRA, PFRDA has mentioned.

Going ahead, PFRDA proposes to roll out extra era modules below the TARCH challenge, together with Web page Revamp and Chat-bot; PFRDA On-line Middleman Supervision Engine (POISE), and PFRDA Repository & Data Techniques Control: Information and Analytics Platform (PRISM).

Those modules shall be taken up for bidding at a later level, and PFRDA will announce a separate tendering procedure for each and every module.

India’s pension belongings (NPS and APY) are rising at a compounded annual expansion of over 20 according to cent in recent times and had touched ₹9.92 lakh crore as of August 5 this yr.

The mixture pension belongings (NPS and APY) regulated by way of PFRDA stood at ₹ 7.80 lakh crore a yr in the past.

PFRDA is assured that pension belongings overseen by way of it’s going to with ease surpass ₹11 lakh crore this fiscal at the again of buoyant fairness markets and larger urge for food for pension quilt.