Finance Ministry 100 days under Modi: UPS, FATF, incentive scheme and more
6 months ago

Finance Ministry 100 days under Modi: UPS, FATF, incentive scheme and more

New Indian Express  

NEW DELHI: In the first 100 days of the new Modi government, the Ministry of Finance’s major achievement was the country’s successful Mutual Evaluation by the Financial Action Task Force in June 2024, which recognised India’s measures against money laundering and terrorist financing. The launch of the PM Internship Scheme in top companies is another significant initiative, aiming to provide internship opportunities for 1 crore youth over five years, enhancing their employability and exposure to real-world business environments. Furthermore, the government extended the benefits of the 12th Bipartite Wage Settlement to Regional Rural Bank employees and pensioners, impacting around 93,000 staff and 40,000 pensioners. In addition, amendment of the Securities Contracts Regulation Rules, 1956 allows Indian companies to directly list their securities on international exchanges within the International Financial Services Centres at GIFT City.

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History of this topic

Mohan Majhi government announces unified pension scheme for employees in Odisha
1 month, 2 weeks ago

Mohan Majhi government announces unified pension scheme for employees in Odisha

The Hindu  

The Mohan Majhi government has announced to implement Unified Pension Scheme for government employees in Odisha, aligning it with the Central Government’s policy. The Cabinet chaired by Mr. Majhi on Friday, gave approval to implementation of UPS for those employees who are considered eligible for pension under the National Pension Scheme system. to appoint committee to study Unified Pension Scheme, …

Centre finally notifies Unified Pension scheme option for government staff covered by NPS
1 month, 3 weeks ago

Centre finally notifies Unified Pension scheme option for government staff covered by NPS

The Hindu  

Five months after the Centre announced a new Unified Pension Scheme with assured benefits for government employees, the Finance Ministry late on Friday notified the scheme as an option for workers covered by the National Pension System to be effective from April 1, 2025. The NPS, originally known as the New Pension Scheme, did not offer an assured pension to …

Reforms to strengthen Unified Pension Scheme
6 months, 2 weeks ago

Reforms to strengthen Unified Pension Scheme

New Indian Express  

On August 24, the Union cabinet approved the Unified Pension Scheme, a significant step towards providing government employees a secure and assured pension after retirement. Over the last few years, the opposition has highlighted the dissatisfaction of government employees with the National Pension Scheme, commonly known as the New Pension Scheme. First, assured pension of 50 percent of the employee's …

'UPS Not A U-Turn, But An Improvement': Top Government Official Defends Unified Pension Scheme
6 months, 3 weeks ago

'UPS Not A U-Turn, But An Improvement': Top Government Official Defends Unified Pension Scheme

News 18  

As Opposition and opposition-ruled states plan to confront and defy the Centre on the Unified Pension Scheme, the government has reached out to them again to convince them that it would make financial prudence to adopt the UPS and abandon the Old Pension Scheme. So, it would, and I hope they realise it, make sense to switch.” “In fact, experts …

Maharashtra becomes first state to implement Unified Pension Scheme | DETAILS
6 months, 3 weeks ago

Maharashtra becomes first state to implement Unified Pension Scheme | DETAILS

India TV News  

Maharashtra cabinet: The Maharashtra government, led by Chief Minister Eknath Shinde, has become the first in the country to implement the Unified Pension Scheme for state employees. Additionally, the cabinet cleared the Rs 7,000 crore Nar-Par-Girna river linking project, which is expected to primarily benefit the northern Maharashtra districts of Nashik and Jalgaon. Other major decisions taken by Maharashtra Cabinet …

Unified Pension Scheme: Congress Accuses Modi Govt Of 'U-Turns', Alleges Attack On Dalits, Tribals & OBCs
6 months, 3 weeks ago

Unified Pension Scheme: Congress Accuses Modi Govt Of 'U-Turns', Alleges Attack On Dalits, Tribals & OBCs

ABP News  

New Delhi, Aug 25 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 the Modi government's "U-turns". Taking a dig at the government, Congress president Mallikarjun Kharge said, "The 'U' in UPS stands for Modi Govt's U turns! Under the unified pension scheme, it …

Top News: New Unified Pension Scheme to Be Implemented from 2025 | ABP News
6 months, 3 weeks ago

Top News: New Unified Pension Scheme to Be Implemented from 2025 | ABP News

ABP News  

The Modi government has introduced a significant benefit for government employees by approving the Unified Pension Scheme. This new scheme aims to ensure guaranteed pensions, family pensions, and a minimum assured pension for central employees. Under the new scheme, pensioners will receive 50% of their average basic pay from the last 12 months before retirement, provided they have served for …

Unified Pension Scheme: Key features and benefits for retirees explained
6 months, 3 weeks ago

Unified Pension Scheme: Key features and benefits for retirees explained

Hindustan Times  

The Union Cabinet has approved a major reform in the pension system by introducing the Unified Pension Scheme. The introduction of the Unified Pension Scheme comes in response to widespread demands from government employees for changes in the New Pension Scheme. Union minister Ashwini Vaishnaw outlined that the Unified Pension Scheme is built on five key pillar. "Following extensions consultations …

Unified Pension Scheme: 50% Assured Pension, Family Benefits, & More — 5 Salient Features For Govt Employees
6 months, 3 weeks ago

Unified Pension Scheme: 50% Assured Pension, Family Benefits, & More — 5 Salient Features For Govt Employees

ABP News  

Unified Pension Scheme: In a significant development for government employees, the Union Cabinet on Saturday approved the Unified Pension Scheme, offering an assured 50 per cent of the salary as pension for 23 lakh government employees who joined service under the National Pension System. This amount will be the average of basic pay of 12 months before… pic.twitter.com/gKTlZCBOc2 — Press …

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