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Chhattisgarh govt to allow staff to pick between pension schemes

Chhattisgarh on Friday said that it will give its employees the option of choosing between the new pension scheme and the more generous old pension scheme.

Chhattisgarh chief minister Bhupesh Baghel. (ANI)
Chhattisgarh chief minister Bhupesh Baghel. (ANI)
Updated on Dec 31, 2022 03:14 AM IST
By, Raipur

Is reversing reforms to grab power the way forward for India?

The move to shift from a defined benefit pension scheme or Old Pension System to defined contribution pension scheme or New Pension Scheme was in order to contain the rising and unsustainable pension bill with around 4 per cent of Union Budget already going towards pensionary benefits.

Reversing reforms by bringing back the old pension system (OPS) is the political lollipop that Congress has promised its voters in Himachal Pradesh. A file photo of Himachal Assembly building.
Reversing reforms by bringing back the old pension system (OPS) is the political lollipop that Congress has promised its voters in Himachal Pradesh. A file photo of Himachal Assembly building.
Updated on Nov 07, 2022 09:00 AM IST
By, New Delhi

How to deposit money in your National Pension Scheme account via UPI?

At present, contributions to the pension scheme account were available using net banking. With the introduction of UPI method, the contributions have become easy and flexible.

The Pension Fund Regulatory and Development Authority has launched a UPI handle for depositing contribution.
The Pension Fund Regulatory and Development Authority has launched a UPI handle for depositing contribution.
Published on Aug 13, 2022 10:31 AM IST
By | Written by Aryan Prakash

Explained: Old vs new pension schemes and why government staff are protesting

The old pension scheme was done away with by the Bharatiya Janata Party (BJP)-led government during Atal Bihari Vajpayee's regime in December 2003. The national pension scheme (NPS) took effect from April 1, 2004.

The national pension scheme (NPS) took effect from April 1, 2004.(REUTERS)
The national pension scheme (NPS) took effect from April 1, 2004.(REUTERS)
Published on Mar 06, 2022 08:26 PM IST
Written by Sharangee Dutta | Edited by Chandrashekar Srinivasan, New Delhi

Budget 2022: Govt proposals on income tax, corporate tax, NPS, digital assets 

Union budget 2022-23: The central government has proposed a new provision for permitting taxpayers to file an updated return on payment of additional tax.

No changes in the income tax rates and slab have been proposed by the government for Union Budget 2022-23.(REUTERS/File Photo)
No changes in the income tax rates and slab have been proposed by the government for Union Budget 2022-23.(REUTERS/File Photo)
Published on Feb 01, 2022 01:06 PM IST
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