by AIP Online Bureau | Jan 26, 2025 | Indian News, Pension & Social Security, Policy
The notification will give the option to 23 lakh government employees to choose between UPS and NPS, which came into effect on January 1, 2004.The notification added that the rate of full assured payout will be 50% of 12 monthly average basic pay, immediately prior to...
by AIP Online Bureau | Nov 13, 2024 | Briefs, Pension & Social Security, Technology
NPCI BHIM Services (NBSL), a wholly owned subsidiary of National Payments Corporation of India (NPCI), on Wednesday launched National Pension System (NPS) contributions through the payments app. BHIM users can now contribute to their existing NPS accounts with ease,...
by AIP Online Bureau | Sep 19, 2024 | Eco/Invest/Demography, Pension & Social Security
Nirmala Sitharaman,Finance Minister NPS has generated 14 per cent, 9.1 per cent, and 8.8 per cent returns for investments in equity, corporate debt and G-Secs, respectively, Finance Minister Nirmala Sitharaman said New Delhi: Finance Minister Nirmala Sitharaman on...
by AIP Online Bureau | Sep 17, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs NPS Vatsalya will allow parents to save for their children’s future by investing in a pension account and ensure long-term wealth with the power of compounding. NPS Vatsalya offers flexible...
by AIP Online Bureau | Aug 24, 2024 | Breaking News!, Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Workplace/Employee Benefits
Ashwini Vaishnaw, Union Information and Broadcasting Minister While announcing the details of the scheme, Ashwini Vaishnaw, Union Information and Broadcasting Minister said, “Today the Union Cabinet has approved Unified Pension Scheme(UPS) for government...
