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It is a component of the Digital India initiative, intending to make government services available to the general public online and around the clock. [ 4 ] [ 5 ] The app was developed by the Ministry of Electronics and Information Technology with the National e-Governance Division [ 4 ] and launched in November 2017 by Prime Minister Narendra ...
Based on a study of social pensions in three states (Delhi, Haryana and Uttar Pradesh) in 2014, the World Bank [47] makes a case for scaling up social pensions in India. The study raises four important points regarding expanding coverage of social pensions: "First, an expansion in coverage by adding more numbers (as Haryana has done) is likely ...
The Unified Pension Scheme (UPS), introduced by the Government of India in 2024 as an optional pension scheme along with the National Pension System (NPS) for the government employees, it aims to provide a comprehensive and centralised pension system for Central government employees. The scheme is designed to consolidate various existing ...
The Board administers a contributory provident fund, pension scheme and an insurance scheme for the workforce engaged in the organised sector in India. [9] The board is chaired by the Union Labour Minister of India. Presently, the following three schemes are in operation under the Act: Employees' Provident Fund Scheme, 1952
National Pension System, like PPF and EPF, is an EEE (Exempt-Exempt-Exempt) instrument in India where the entire corpus escapes tax at maturity and the entire pension withdrawal amount is tax-free. [3] The New Pension Scheme was implemented with the decision of the Union Government to replace the Old Pension Scheme which had defined-benefit ...
India operates a complex pension system. There are however three major pillars to the Indian pension system: the solidarity social assistance called the National Social Assistance Programme (NSAP) for the elderly poor, the civil servants pension (now open for all) and the mandatory defined contribution pension programs run by the Employees' Provident Fund Organisation of India for private ...
Repealed from 1 January 2004, it had a defined-benefit (DB) pension of half the Last Pay Drawn (LPD) at the time of retirement along with components like Dearness Allowances (DA) etc. OPS was an unfunded pension scheme financed on a pay-as-you-go (PAYG) basis in which current revenues of the government funded the pension benefit for its retired ...
This department came into existence when Haryana was established as a new state within India after being separated from Punjab. Dushyant Chautala is the minister responsible for this department from November 2019.