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
Buoyed over by its win in the recently held Assembly election in Karnataka and Himachal Pradesh, the Congress party has stepped up its efforts to pose a challenge to the ruling Bharatiya Janata Party-led government in Haryana. Ahead of the Haryana Assembly and parliamentary elections due in 2024, the Congress, the main Opposition party in … Read more
Former Haryana CM and leader of opposition at state assembly Bhupinder Singh Hooda. File | Photo Credit: Akhilesh Kumar Ahead of the next Haryana Assembly elections, due in 2024, the Congress party announced it would restore the Old Pension Scheme (OPS) for government employees if the party formed the next government in the State. Former … Read more
The Supreme Court of India. | Photo Credit: SUSHIL KUMAR VERMA Tamil Nadu government moves Supreme Court, says NEET violates basic structure, equality and federalism The Tamil Nadu government on Saturday moved an original suit in the Supreme Court for a declaration that the National Eligibility-cum-Entrance Test (NEET) as the sole gateway for entry into … Read more
Maharashtra Deputy Chief Minister Devendra Fadnavis. File | Photo Credit: PTI Maharashtra Deputy Chief Minister Devendra Fadnavis on Wednesday said the government will not revert to the old pension scheme as it would put a burden of ₹1.10 lakh crore on the exchequer and lead to bankruptcy of the state. Replying to a question in … Read more
New Delhi: There was no proposal under consideration of the central government for restoration of the old pension scheme, Minister of State for Finance Bhagwat Karad informed Parliament on Monday. Under the old pension scheme, employees get a defined pension. Under this, an employee is entitled for a 50 per cent amount of the last … Read more
