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NPS Vatsalya for minors to launch in two weeks, find all its details here

NPS Vatsalya, originally proposed in the Union Budget 2024 is a modified version of the National Pension System (NPS), designed specifically for minors

Under this scheme, parents or guardians can open an NPS account for their children, making regular contributions until the child turns 18. (Representational Image/Pixabay)
Published on Sep 06, 2024 12:25 PM IST

New pension scheme for minors in Union Budget 2024: Details and how to apply

Finance Minister Nirmala Sitharaman introduced a new type of pension scheme for minors where parents can contribute to their children's future retirement

NPS Vatsalya is a plan for minors where contribution can be made by parents and guardians. The scheme will be converted to regular NPS once the child attains the age of 18. (PTI)
Updated on Jul 25, 2024 09:06 AM IST

NPS to introduce new login rules today. Check step-by-step process

Pension Fund Regulatory and Development Authority (PFRDA) has introduced a new security layer in the National Pension System (NPS).

Among the many fiscal matter to come into force are also key changes within the National Pension Scheme (NPS).(Image for representation/Reuters)
Updated on Apr 01, 2024 06:11 AM IST

NPS new login rules: How to use two-factor Aadhaar authentication from April 1

Aadhaar-based login authentication will be integrated with the current User ID and Password-based login process.

NPS new login rules: Here's how to enter CRA system with 2-Factor Authentication(Representational)
Published on Mar 27, 2024 03:50 PM IST

Maha govt announces revised NPS

Mumbai state govt. announces revised NPS similar to OPS for employees joining after Nov 2005. Pension of 50% last salary + DA, 60% family pension.

HT Image
Updated on Mar 02, 2024 08:00 AM IST

Centre allows woman employees to nominate son, daughter for family pension

Centre allows woman employees to nominate son, daughter for family pension

Centre allows woman employees to nominate son, daughter for family pension (Pic for representation)
Published on Jan 29, 2024 08:38 PM IST
PTI |

National Pension Scheme: How to open NPS account, benefits and eligibility

National Pension Scheme: The applicant needs a recent photograph, signature and a cancelled cheque or bank statement as proof of bank account details.

An NPS (National Pension System) account is a retirement savings scheme.
Published on Jan 29, 2024 01:10 PM IST

NPS new rule: Partial withdrawal of pension from February 1; check process

The Pension Fund has allowed the partial withdrawal of pension from the NPS account of subscribers from February 1, 2024.

NPS subscribers can now withdraw pension from February 1 (Pic for representation)
Published on Jan 19, 2024 07:50 AM IST
ByVaishnawi Sinha

Union Budget 2024: Centre likely to give report on National Pension Scheme

During the presentation of the interim Union Budget 2024, it is likely that a status report on the National Pension Scheme will be announced, says report.

Centre will likely present a status report on NPS during Budget 2024 (Pic for representation)
Published on Jan 10, 2024 11:16 AM IST
ByVaishnawi Sinha

Morning briefing: Centre likely to sweeten NPS deal; all the latest news

A shortlist of the biggest headlines, recommended stories, and a special collection of news items you should check out.

NPS allows pensioners to withdraw 60% of the corpus at the time of retirement (tax free), and buy an annuity for the remaining 40%, payments from which are taxable.
Published on Oct 18, 2023 08:59 AM IST

Govt likely to sweeten deal in national pension scheme

NPS allows pensioners to withdraw 60% of the corpus at time of retirement (tax free), and buy an annuity for remaining 40%, payments from which are taxable.

Under the current national pension scheme, nearly 8.7 million federal and state-government employees contribute 10% of their basic salary, while the government pays 14%. (Representational Image)
Updated on Oct 18, 2023 04:51 AM IST

Workers at Ramlila Maidan rally call for old pension scheme restoration

With a sea of protesters descending at the historical ground, the organisers said that employees from more than 20 states had gathered for the rally.

Thousands of government employees at Ramlila Maidan, in New Delhi on Sunday. (PTI)
Updated on Oct 02, 2023 04:26 AM IST

Haryana to take call on old pension scheme after Centre’s decision: CM

Khattar stated this while responding to a question by Independent MLA Balraj Kundu on the opening day of the assembly’s monsoon session

Chief minister ML Khattar was giving a written response to an unstarred question by Independent MLA Balraj Kundu during the opening day of the monsoon session of the state assembly on Friday. (HT file photo)
Updated on Aug 25, 2023 03:37 PM IST

NPS Trust launches ‘user-friendly’ app, subscribers complain of glitches

NPS subscribers can access their account through the smartphone application.

Several users have complained of errors in the app.
Updated on Aug 03, 2023 05:43 PM IST
By | Written by Ritu Maria Johny

Centre may tweak pension policy to give assured benefit

The issue of pension has been a hot-button political issue, with opposition parties promising a switch to the old pension scheme during state elections.

The move will require some changes to the current market-linked pension plan launched in 2004 and comes amid a switch by several opposition-ruled states to an old pension scheme.
Updated on Jun 26, 2023 07:38 AM IST

All you need to know about the new National Pension Scheme (NPS) Withdrawal rule

Regulated by the Pension Fund Regulatory and Development Authority (PFRDA), the tax-saving NPS is a boon to many.

The tax-saving NPS also lets subscribers withdraw a maximum of 60 per cent lump sum with tax exemptions. (For Representation)(HT_PRINT)
Published on Jun 21, 2023 01:17 PM IST
ANI |

NPS delivers ‘exceedingly good’ returns compared to benchmarks

The National Pension Scheme, adopted in 2004, has recently come under criticism for inadequate returns.

The pension scheme in which central government employees are registered has returned 9.4% since inception.(HT File/ Representative Purpose)
Published on May 09, 2023 03:28 PM IST
Reuters | | Posted by Lingamgunta Nirmitha Rao

JD(S) promises to restore 4% reservation for Muslims in election manifesto

The party also assured to bring in a law reserving jobs for Kannadigas in the private sector.

Former Prime Minister HD Deve Gowda with former Chief Minister and JD(S) leader HD Kumaraswamy and JD(S) state president CM Ibrahim. (ANI Photo)(Savitha)
Published on Apr 28, 2023 11:21 AM IST
PTI | | Posted by Yamini C S

Centre to set up panel to improve National Pension Scheme

While moving the Finance Bill 2023 for consideration and passage in the Lok Sabha, finance minister Nirmala Sitharaman said that the new approach to the NPS will be designed for adoption by both central and state governments.

NPS is currently open for people between 18 and 60, and our Board has approved raising the age limit for joining to 65.(HT File/ Representative Purpose)
Published on Mar 24, 2023 02:33 PM IST
PTI | | Posted by Singh Rahul Sunilkumar

National Pension Scheme: Know tax benefits, other key details

Employees contribute 10% of their basic salary to NPS, while employers contribute up to 14% under NPS. All Indians, both residential and non-residential, between the ages of 18 and 70 are eligible to open an account with NPS.

Restore old pension scheme in MP too, say state employees; protest on April 14
Published on Mar 23, 2023 03:56 PM IST

Explained: National Pension Scheme (NPS) vs Old Pension Scheme (OPS)

What exactly is the point of contention between National Pension Scheme (NPS) and Old Pension Scheme (OPS)? Is it just a political ploy, or does it also consider the economy? Here's a detailed account.

NPS and OPS is part of pension schemes floated by government.(HT File/ Representative Purpose)
Published on Mar 07, 2023 11:22 PM IST

Do you want to exit National Pension Scheme? Follow these steps

In a statement, the PFRDA said in collaboration with Insurance Regulatory and Development Authority of India (IRDAI) had simplified the process of purchasing annuity where the annuity service providers shall use the NPS withdrawal form submitted at the time of exit by subscribers.

The annuity service providers are basically life insurance firms regulated by both PFRDA and IRDAI to serve the NPS beneficiaries with regular periodical income.
Published on Feb 24, 2023 12:25 PM IST
By | Edited by

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)
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.
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.
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)
Published on Mar 06, 2022 08:26 PM IST
Written by Sharangee Dutta | Edited by , 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)
Published on Feb 01, 2022 01:06 PM IST

Plan your retirement with National Pension Scheme

NPS is a market-linked annuity product wherein you invest a particular sum periodically during your working life and collect an annuity during your retirement.

NPS has a two-tier structure—a pension account that gives tax benefits and is mandatory to open for NPS and an optional account with withdrawal flexibility.(iStock)
Updated on Feb 17, 2020 06:29 PM IST

Non-fulfilment of demands: PUTA members stage protest outside V-C office

Teachers, under the banner of the Punjabi University Teachers’ Association (PUTA), staged a protest outside the vice-chancellor’s office for over three hours on the varsity campus on Wednesday. The teachers were protesting against the university management over non-fulfilment of their demands including revision of pay scale of the promoted teachers, clearance of pending arrears, special financial package from the state government, and timely payment of salaries to the teaching faculty.

PUTA members holding a protest against the ‘lackadaisical attitude of the university administration’ outside the vice-chancellor’s office at Punjabi University in Patiala on Wednesday.(HT PHOTO)
Published on Nov 20, 2019 10:18 PM IST
Hindustan Times, Chandigarh | By, Patiala

Budget 2019- Basic tax exemption to be raised to Rs 3 lakh: Report

Sources said that the Budget 2019-20 will take the sops announced in the Interim Budget further by raising the basic tax exemption limit for an individual income tax payee to Rs 3 lakh from Rs 2.50 lakh at present to cover for the inflationary impact over the years.

In the Interim Budget, the government had proposed a rebate on all payable taxes if an individual’s taxable income is up to Rs 5 lakh per annum. But it kept the basic exemption levels unchanged.(Getty Images/iStockphoto)
Updated on May 28, 2020 06:35 PM IST
New Delhi | ByIndo Asian News Service
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