The Modi government has introduced the Unified Pension Scheme (UPS) effective April 1, 2025, for central employees who joined post-January 1, 2004. It guarantees a 50% of basic salary pension. Employees can choose between UPS and NPS, the latter being market-linked.
Related Posts
In inflation fight, new MPC to face growth risks
The government is set to appoint new external members to the RBI’s monetary policy committee this month amid emerging growth risks. RBI Governor Shaktikanta Das […]
RBI holds rate for 10th time, changes stance to ‘neutral’
RBI shifts its monetary policy stance from ‘withdrawal of accommodation’ to ‘neutral,’ keeping the policy repo rate steady at 6.5%. This marks a potential step […]
No violation by chief security officer: Star Health
A forensic investigation by an independent firm has cleared Star Health Insurance’s CISO of wrongdoing, stating that the alleged communication with a hacker was fabricated. […]