Finance Minister Thangam Thennarasu. File | Photo Credit: The Hindu Tamil Nadu Finance Minister Thangam Thennarasu on Saturday (January 11, 2025) said the State government would appoint a committee to study the Unified Pension Scheme (UPS) announced by the Centre in 2024. Responding to DMK member C.V.M.P. Ezhilarasan in the Assembly, the Minister said though…
If you say that instead of contributing 14% of basic pay towards pension, the government will now contribute 18.5%, then it looks like a minor tweak, with some generosity thrown in. But that is not the whole story. It is not just the government’s contribution that has gone up steadily from 10% to 14% to…
Over 2.3 million central government employees are expected to be delighted by the recently announced Unified Pension Scheme (UPS), which, for 25 years of service or more, offers an assured pension of half an employee’s average basic pay over the last 12 months before retirement. “The UPS is an attempt to improve the existing National…
The Government of India has announced the Unified Pension Scheme (UPS), a new pension plan for employees working under the government. The new scheme will provide an assured pension scheme to benefit nearly 90 lakh pensioners under the central government. The central government launched the UPS to cater to the demands of the employees regarding…
Budget 2024 is all set to be announced on 23rd July, 2024. India is looking for a crucial roadmap for “Viksit Bharat” by 2047 and provide short and long-term plans for the next 5 years under the government’s 3.0 administration. Having said that, let us see what the common man expects from the Budget 2024….
