The Centre has decided to introduce the Unified Pension Scheme as an option for government employees, effective from April 1, 2025. Here is all you need to know about the new scheme.
2 min read25 Jan 2025This funded pension scheme now offers access to low-cost fund management with the option of staggered withdrawals of what was once a lump-sum. This change is welcome. Its age bars should go and taxation should be kept benign.
3 min read7 Jan 2025NPS: Most pension fund managers have posted five-year returns on their equity investment (Tier -II) in the range of 19-21 percent per annum. The lowest return was given by SBI-PF, while the highest return by ICICI-PF
2 min read7 Sep 2024The Government of India introduced NPS from Jan 1, 2004 (except for armed forces) before rolling it for the general public five years later. The scheme is aimed at providing pension cum investment as security for old age to the citizens of India.
3 min read14 May 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared