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New Delhi: Finance Minister Nirmala Sitharaman is set to introduce the New Pension Scheme (NPS) ‘Vatsalya’ for children in New Delhi on September 18. The new pension scheme announced in the Union Budget 2024 which allows parents to contribute to their children’s NPS accounts, helping them build a retirement fund and secure their financial future. …
Guru Dutt Tiwari16 minutes ago copy link The central government has recently announced the Unified Pension Scheme (UPS) for central government employees. Maharashtra has also announced to implement it for its employees. Other states may also follow this path. In such a situation, there is a debate going on as to which of the already…
Unified Pension Scheme: On one hand, there is an atmosphere of enthusiasm among government employees about UPS i.e. Unified Pension Scheme… on the other hand, the opposition is seen on the back foot due to this decision of the Modi government…. because UPS is a big master stroke of the Modi government amidst the long…
Reported By: Pallavi Ghosh Last Updated: August 26, 2024, 10:06 IST Additional Secretary in Finance Ministry Parama Sen said UPS was not a U-turn and the government studied and realised that it needed to bring these changes. Parama Sen, Additional Secretary in the Ministry of Finance, said, “Every country has acknowledged that something on the…
The Congress on Sunday took a jibe at the Centre over its announcement of the Unified Pension Scheme, saying the ‘U’ in UPS stands for Modi government’s “U-turns”. The swipe came a day after the Union Cabinet approved an assured pension of 50 per cent of salary for those who joined the service after January…
Some central employees meting with the Prime Minister today. New Delhi: In a big announcement ahead of assembly elections in one state and a Union Territory this year, the government has launched the Unified Pension Scheme (UPS) amid protests by several non-BJP-ruled states over the New Pension Scheme (NPS). “This scheme will benefit 23 lakh…
Union Cabinet approved the Unified Pension Scheme. After extensive consultations and discussions, including with the JCM (Joint Consultative Mechanism), the committee has recommended the Unified Pension Scheme. Today, the Union Cabinet has approved the scheme. Unifed Pension Scheme Vs NPS: The Union Cabinet on Saturday approved the Unified Pension Scheme (UPS), for an assured pension…