This CII number is important as it will be used to compute inflation-adjusted long-term capital gains (LTCG) on assets such as houses, gold, debt mutual funds (MF) etc. And it goes without saying that you can use the CII number to calculate inflation-adjusted cost only for those assets ...
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If they want, then NPS retirees can use more than 40% (up to 100%) of the NPS corpus to purchase the annuity. In that case, the lumpsum available will decrease accordingly. For example – one may choose to purchase the annuity plan using 65% of the NPS corpus on retirement (instead ...