With barely a week left for Budget 2025, the finance ministry has officially introduced the Unified Pension Scheme (UPS) as an alternative for central government employees enrolled in the National Pension System (NPS). The government has specified that the Unified Pension Scheme (UPS) will now be available for Central Government employees who are currently participating … Read more
The Centre will be implementing the Unified Pension Scheme as an alternative within the National Pension System for Central Government employees already enrolled in the system. The Centre introduced the Unified Pension Scheme (UPS) for central government employees last year, combining elements from both the Old Pension Scheme (OPS) and the National Pension System (NPS). … Read more
Image used for representation | Photo Credit: Getty Images A 35-year-old man was shot dead by some persons suspected of poll rivalry in a village in Uttar Pradesh’s Sultanpur on Wednesday (October 09, 2024), police said. “The incident took place in Asarakhpur village in the Baldisarai area when Icchanath Yadav went to the fields this … Read more
The Unified Pension Scheme (UPS), introduced by the NDA government as an alternative to the current National Pension System (NPS), has sparked significant speculation concerning its reach and pension fund. Subscribers of the NPS under the government who transition to the UPS or new entrants stand to benefit from its enhanced security in the form … Read more
Since the announcement of the Unified Pension Scheme (UPS) by the Centre, private sector employees have been pressing for an enhanced monthly pension under the Employee’s Pension Scheme (EPS). Under UPS, government employees are entitled to receive a monthly pension upon retirement, amounting to 50% of their last-drawn basic pay. The minimum pension guaranteed is … 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
Government employees who choose the Centre’s Unified Pension Scheme (UPS) introduced on August 24 can expect a significant increase in their pension payments. The government’s contribution under the UPS will rise to 18.5% from the current 14%, leading to a projected 19% increase in pensions for employees with a starting salary of Rs 50,000, according … 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
The district administration in Uttar Pradesh’s Bareilly has demolished at least nine houses belonging to people allegedly involved in a clash during the Muharram procession. On July 19, violence erupted in Bareilly after members of one community allegedly pelted stones at another community. A young man named Tejwas died after being beaten during the clash. … Read more