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The National Pension System (NPS) is a defined-contribution pension system in India regulated by the Pension Fund Regulatory and Development Authority (PFRDA) which is under the jurisdiction of the Ministry of Finance of the Government of India. [1] National Pension System Trust (NPS Trust) was established by PFRDA as per the provisions of the ...
The app is aimed at all citizens of India and offers hundreds of services including payment, registration, information search and application forms. [3] It is a component of the Digital India initiative, intending to make government services available to the general public online and around the clock.
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 Employees' Provident Fund Organisation (EPFO) is one of the two main social security agencies under the Government of India's Ministry of Labour and Employment and is responsible for regulation and management of provident funds in India, the other being Employees' State Insurance.
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 ...
Repealed from 1 January 2004, it had a defined-benefit (DB) pension of half the Last Pay Drawn (LPD) at the time of retirement along with components like Dearness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 ...
[1] [2] For ease of doing business, Haryana is the first state in India to introduce a labour policy in 2005 and Land Pooling Policy in 2017, for which HSIIDC acts as the nodal agency. [ 3 ] [ 4 ] Haryana Financial Corporation provides financial assistance for setting up new industrial units and for the expansion and diversification of the ...
Haryana has become the first state to implement Aadhaar-enabled birth registration in all the districts. [150] Thousands of all traditional offline state and central government services are also available 24/7 online through single unified UMANG app and portal as part of Digital India initiative. [151] [152]