The scheme, to be effective from April 1, 2025, tries to find a middle ground between the Old Pension Scheme (OPS) that was phased out in favour of the contentious New Pension System (NPS) during the Atal Bihari Vajpayee-led Bharatiya Janata Party (BJP) regime two decades ago. It is expected to benefit around 2.3 million central government employees along with those from the states that come on board. The employees as well as retirees will have the option to either opt for the UPS or continue with the NPS, a market-linked contributory scheme.
Even as the Opposition has charged the present BJP regime with taking yet another "U-turn" after a lacklustre performance in the Lok Sabha election, finance minister Nirmala Sitharaman has called the reform a sign of "flexible, choice-driven governance". As per estimates, it will cost the government Rs 6,250 crore in the first year itself.
Denne historien er fra September 09, 2024-utgaven av India Today.
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Denne historien er fra September 09, 2024-utgaven av India Today.
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Screaming Success
Now Funny, Now Scary, This Genre Has Come Of Age In Hindi Cinema, Pulling In Audiences And Monster Returns At The Box Office
KING OF FRUITS
Sopan Joshi's Mangifera indica: A Biography of the Mango is an immersive, behind-the-scenes look at the world's most delicious fruit
HAVING THE LAST WORD
Writer, politician and wordsmith Shashi Tharoor is out with a book of essays celebrating the magical world of words
Indian Encore
The legendary tenor Plácido Domingo will be in Mumbai with the opera competition Operalia, which makes its debut in India
Charismatic Cat
Peppered with stunning illustrations, Caracal: An Intimate History of a Mysterious Cat is a deeply moving and meticulously researched account of the elusive felid
BETTER LATE THAN NEVER
After a pandemic-induced hiatus, actor Sharvari is riding high with several back-to-back releases-from Munjya to Maharaj and Vedaa
Trial by Fire
Hounded by allegations of conflict of interest in the Adani probe and rising discontent among her own staff, the Sebi chief has much to answer for-and disclose
WE WILL ROCK YOU
India's winter concert season is looking great, with leading international stars and bands set to captivate audiences
PK WALKS THE BIG POLL TALK
Prashant Kishor, the ace of the backroom, joins the battle for Bihar with lofty ambitions. Can his armoury of new ideas upset the old equations?
LORD of the ROLES
VIKKANT MASSEY is nothing if not versatile, straddling the worlds of independent and commercial cinema with élan