Tag: National Pension System

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Posted in Finance

Investors know about NPS but do not invest: What is keeping you away from NPS?

It is the cheapest market-linked investment product, is very tightly regulated and offers several tax benefits. Despite these advantages, the National Pension System (NPS) has…

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The Department of Pension and Pensioners’ Welfare (DoP&PW) has thus, notified the Central Civil Services (Implementation of National Pension System) Rules, 2021, in an October 07, 2024 memorandum, of new guidelines detailing the government’s contribution to NPS.(Representational Image/Pixabay)
Posted in Business

New NPS contribution rules and guidelines for central govt employees announced: Check details

The government has notified new NPS (National Pension System) rules with updated contribution guidelines for leave and suspension which may increase retirement savings and pensions…

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The centre has released new guidelines for contributions to the National Pension System (NPS)((Representational Image/Pixabay))
Posted in Business

New pension guidelines for central govt employees released: Check new NPS contribution rules

Oct 11, 2024 01:19 PM IST The centre has released new NPS contribution guidelines for periods of suspension, periods of unpaid leave, probation, and many…

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Union finance minister Nirmala Sitharaman with a child during the launch of NPS Vatsalya Scheme, in New Delhi, Wednesday (PTI)
Posted in Business

Sitharaman launches NPS Vatsalya that lets parents open pension account for kids

NEW DELHI: Union finance minister Nirmala Sitharaman on Wednesday said the old-age financial security scheme, National Pension System (NPS) is a “very attractive proposition” for…

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UPS scheme: Ahead of polls, Maharashtra becomes first state to approve Unified Pension Scheme
Posted in Economy

UPS scheme: Ahead of polls, Maharashtra becomes first state to approve Unified Pension Scheme

The Maharashtra Cabinet on Sunday approved the central government‘s Unified Pension Scheme (UPS), becoming the first state to do so and just within 24 hours…

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Posted in Economy

One-time UPS allocation won’t have big impact on fiscal math

Assured pensions under the newly introduced Unified Pension Scheme (UPS) may require a significant one-time allocation in FY25, but that may not significantly impact the…

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Posted in Finance

Pension Budget 2024 expectations: FM may offer guarantee under NPS; central government employees likely to get 50% of last pay drawn as pension

The government plans to provide 50% of the final pay drawn as pension for central government employees enrolled in the National Pension System. This effort…

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The tax-saving NPS also lets subscribers withdraw a maximum of 60 per cent lump sum with tax exemptions. (For Representation)(HT_PRINT)
Posted in Business

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

Indians are becoming more financially literate and looking for ways to ensure a comfortable living long after their working age is up. The Indian government’s…

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finance: Finance Ministry sets up panel to review pension system for government employees
Posted in Economy

finance: Finance Ministry sets up panel to review pension system for government employees

Finance Ministry on Thursday set up a committee under Finance Secretary T V Somanathan to review the pension system for government employees. The committee would…

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Posted in Economy

OPS vs NPS vs hybrid structure, explained in three charts

The government will set up a committee under the finance secretary to improve the National Pension System, a defined contribution scheme introduced in 2004, to…

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