Tag: unified pension scheme details

On Pension Row, Nirmala Sitharaman’s Sharp Counter To Congress’ “U-Turn” Jab

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Union Finance Minister Nirmala Sitharaman (File). New Delhi: Finance Minister on Tuesday joined the government’s pushback against the Congress’s “government of U-turns” jibe over the Unified Pension Scheme, or UPS, proposal. “We are not a government of U-turns… we give flexible, choice-driven governance,” she shot back. The Finance Minister criticised the Congress for failing to…

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Unified Pension Scheme: How does it differ from the Old and New Pension Scheme?

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The story so far: Fulfilling a long-standing demand of government unions, the Centre on Saturday (August 24, 2024), unveiled a new ‘Unified Pension Scheme’ (UPS) assuring government employees half their last drawn salary as a lifelong monthly benefit. The UPS, which has been approved by the Union Cabinet, has several other features benefiting pensioners, such…

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