The Union Finance Ministry has issued a directive to banks that central government pensioners should receive their pensions by the last working day of each month, with specific provisions for March payments. The ministry clarified that the notification has been issued to ensure timely disbursement of pensions and family pensions. The Ministry issued an … Read more
The Centre faced much criticism when it adopted the National Pension Scheme and gradually gave up on the Old Pension Scheme. On one hand, government employees were dissatisfied with the change in policies over National Pension Scheme (NPS), several states and opposition parties were insisting on returning to OPS to woo the voters. In a … Read more
The newest pension scheme for the government employees — Unified Pension Scheme’s primary objective is to consolidate various pension systems existing in the country into a unified framework. The initiative serves as a clear demonstration of PM Narendra Modi’s steadfast dedication to driving reform efforts that promote sustainable fiscal practices and safeguard the welfare of … Read more
कांग्रेस अध्यक्ष मल्लिकार्जुन खड़गे (Mallikarjun Kharge) ने रविवार को यूनिफाइड पेंशन स्कीम (UPS) के ऐलान के बाद केंद्र पर निशाना साधा है. खड़गे ने कटाक्ष करते हुए कहा कि “यूपीएस में यू का मतलब मोदी सरकार का यू-टर्न है.” खड़गे ने सोशल मीडिया पोस्ट में कहा, ‘लोकसभा चुनाव के बाद विपक्ष के फिर से उभरने … Read more
Unified Pension System: The Narendra Modi-led government has approved a new pension scheme, the Unified Pension Scheme, which will come into effect in the next fiscal year, i.e. FY2025-26. After facing much criticism for removing the Old Pension Scheme, the NDA government has introduced the Unified Pension Scheme, which amalgamates the advantages of the previous … Read more
Union Finance Minister Nirmala Sitharaman will read out the Interim Budget 2024 on February 1. Though there is a clear indication that the Centre may not declare major changes in the taxation system like last year, there is a buzz that the Cente may bring in some modifications in the Atal Pension Yojana. Government sources … Read more
New Delhi: The February 1 interim budget is likely to present a status report on the National Pension System (NPS), said people aware of the matter. The group headed by finance secretary TV Somanathan that’s reviewing the scheme is likely to submit its report by the end of this month, they said. The panel has … Read more
Mumbai: Sounding a note of caution, a Reserve Bank report has said that reverting to the DA-linked Old Pension Scheme (OPS) will exert huge pressure on state finances and restrict their capacity to undertake developmental expenditure. The Reserve Bank’s report on ‘State Finances: A Study of Budgets of 2023-24’ also said the provision of non-merit … Read more
AICC General Secretary Priyanka Gandhi Vadra exchanges greeting during a public meeting, in Mandla on Oct. 12, 2023. | Photo Credit: PTI Congress national general secretary Priyanka Gandhi Vadra on Thursday promised in poll-bound Madhya Pradesh free education for students between classes 1 and 12 and a monthly scholarship ranging from ₹500 to ₹1,500 if … Read more
