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Over 2.3 million central government employees are expected to be delighted by the recently announced Unified Pension Scheme (UPS), which, for 25 years of service or more, offers an assured pension of half an employee’s average basic pay over the last 12 months before retirement. “The UPS is an attempt to improve the existing National Pension System (NPS)," in the words of finance minister Nirmala Sitharaman.

ET World Leaders Forum on Saturday, Prime Minister Narendra Modi assured business of a stable policy environment to facilitate innovation. Policy facilitation and business disruption will, indeed, be required in equal measure to accelerate India's development over the next two decades to capitalise on its demographic dividend. Indian companies need to grow much faster than they are accustomed to, so that the economy makes productive use of its immense work force.

Manipur government reported was carried out by Kuki militants against Koutruk villagers. «The State Government has learnt about the unfortunate incident of the attack on unarmed Koutruk villagers using drones, bombs and many sophisticated weapons on Sunday reportedly by Kuki militants causing the death of two persons including one woman and injuries to many,» said the Manipur government in a statement. «Such act of terrorising upon the unarmed villagers is viewed very seriously by the State Government when the State Government is putting all possible efforts towards bringing normalcy and peace to the State. Such an act of creating havoc among the unarmed villagers reportedly by Kuki militants is seen as an attempt to derail the efforts taken by the State Government to establish peace in the State,» stated the Manipur government condemning the attack.

NCP (SP) president Sharad Pawar on Sunday said the opposition won't sit quietly till the Mahayuti dispensation in Maharashtra is dislodged from power in the next two months and a new government is formed on the ideals of Chhatrapati Shivaji. Addressing party workers at Ghatkopar in Mumbai, Pawar slammed the state government over the collapse of the statue of the legendary warrior king in Sindhudurg district on August 26. He said those in power in the state have no «faith» in Shivaji Maharaj. «I assure you (party workers) that if you show your unity, then we will not sit quietly till the government in Maharashtra is changed in the next two months and a new government is formed on the ideals of Shivaji Maharaj that will safeguard the interests of people,» Pawar said.

India were assured of a second medal in badminton with Manisha Ramadass setting up a women's singles SU5 semifinals duel with compatriot Thulasimathi Murugesan at the Paris Paralympics here on Sunday. The 19-year-old Manisha, who was born with Erb's palsy which affected her right arm, had no trouble in dispatching Japan's Mamiko Toyoda 21- 13 21-16 in the quarterfinals. Erb's palsy is a nerve disorder in the shoulder and arm that results in weakness or loss of muscle function. The second seeded Indian left-hander needed 30 minutes to down her unseeded rival.

₹5 lakh to clean a water body, which greatly increases water storage and helps replenish groundwater. Farmers benefit from better crop yields and the reduced need for fertilizers that using silt assures them. Many similar success stories across India show how community-driven water body rejuvenation can change lives.

Shreya Ghoshal has announced the postponement of her upcoming concert in Kolkata, originally scheduled for September 14, 2024. The decision comes in the wake of the recent tragic rape and murder of a trainee doctor in the city, which has left the nation in shock. Taking to Instagram and X, Ghoshal expressed her deep sorrow and distress over the incident. «I am deeply affected by the gruesome and heinous incident that recently took place in Kolkata. Being a woman myself, the very thought of the sheer brutality that she must have gone through is unthinkable and sends shivers down my spine,» she shared in a heartfelt statement. The singer emphasised the importance of standing in solidarity with those affected, leading to the decision to reschedule the «Shreya Ghoshal Live, All Hearts Tour Ishq FM Grand Concert.» The event, set to take place at Netaji Indoor Stadium, will now be held in October 2024, with the exact date to be announced soon.

Indian Nostradamus certainly has hopes! In one of his most recent predictions, astrologer Kushal Kumar (also known as the Indian Nostradamus), hinted that the conflict between Ukraine and Russia has a hope of being resolved, as both countries are becoming rather relentless in the path of mutual assured destruction. However, there’s a glimmer of hope.

The Navajo Nation has approved emergency legislation meant to strengthen a tribal law that regulates transportation of radioactive material across the largest Native American reservation in the U.S. The move is in response to the revival of a uranium m...

Ukraine from frozen Russian central bank assets regardless of issues raised by the US, the bloc's top diplomat said. A Group of Seven agreement to leverage proceeds of the blocked assets has faced delays as Washington seeks firmer assurances that the EU will be able to renew sanctions measures in the face of the opposition from Hungary. The US wants to ensure that the plan, which aims to generate $50 billion in loans for Kyiv, moves forward before seeking approval from Congress.

RBI official said on Thursday. The norms regarding the Expected Credit Loss (ECL)-based provisioning are in an advanced stage of discussion, the official told reporters here. The Reserve Bank of India has proposed to set aside 5 per cent of the total exposure to a project till the construction of the project is on. Fearing a hit to profits, banks have been asking for a relook into it, as per reports.

paramilitary forces will be deployed in Jammu and Kashmir ahead of the three-phase assembly elections commencing from September 18 in the union territory, officials said on Thursday. According to the officials, Deputy Inspector General (DIG) of the Jammu-Kathua range, Shiv Kumar Sharma arrived at the Police Reception Centre (PRC) at Bari Brahmna Railway Station on Wednesday night to welcome the arriving forces. DIG Sharma assessed the accommodation facilities for the paramilitary forces and briefed the officers on the sensitivity and importance of their duties, emphasising full cooperation with local police forces, the officials said.

A federal appeals court has revived Sarah Palin's libel case against The New York Times

In a post on X, CM Patel said that the PM guided him on matters including restoring public life quickly. «As it has been raining heavily for the last three days across Gujarat, Prime Minister Narendra Modi ji once again had a telephonic conversation with me this morning to get information about the situation. He learned about the relief measures for the affected people of various districts of the state. Expressing concern over the flooding of the Vishwamitri river in Vadodara, he sought details of the relief and assistance being provided to the affected people,» he said.

federal appeals court revived Sarah Palin's libel case against The New York Times on Wednesday, citing errors by a lower court judge, particularly his decision to dismiss the lawsuit while a jury was deliberating. The 2nd U.S. Circuit Court of Appeals in Manhattan wrote that Judge Jed S. Rakoff's decision in February 2022 to dismiss the lawsuit mid-deliberations improperly intruded on the jury's work. It also found that the erroneous exclusion of evidence, an inaccurate jury instruction and an erroneous response to a question from the jury tainted the jury's decision to rule against Palin. It declined, however, to grant Palin's request to force Rakoff off the case on grounds he was biased against her. The 2nd Circuit said she had offered no proof.

West Bengal chief minister Mamata Banerjee remarking that Assam will burn, Assam chief minister Himanta Biswa Sarma asked how she dared to threaten the state. West Bengal is witnessing protests over rape-murder of RG Kar doctor in Kolkata. “Didi, how dare you threaten Assam? Don't show us red eyes. Don't even try to burn India with your politics of failure,” said Sarma in a post on X.

The $SUI token underpinning the SUI network is bearing the brunt of a market-wide downturn that has shaved 6.4% off the crypto market in the last 24 hours. Crypto now stands with a market cap of $2.18 trillion.

Unified Pension Scheme (UPS), set to provide an assured pension to 23 lakh eligible central government employees, will bring an additional financial burden of Rs 6,250 crore per year to the exchequer. The UPS, effective from April 1, 2025, will increase the government's contribution from the current 14 percent to 18.5 percent, reported PTI, quoting Union Minister Ashwini Vaishnaw. Despite the government's increased contribution, employees' contribution will remain unchanged at 10 percent of their basic salary. Additionally, employees retiring before March 31, 2025, under the National Pension System (NPS), will receive an arrear of Rs 800 crore if they opt for UPS. The scheme ensures a minimum pension of Rs 10,000 per month for those with at least 10 years of service. Moreover, it provides an assured family pension in the event of a pensioner's demise, with a provision for dearness relief linked to the All India Consumer Price Index for Industrial Workers (AICPI-IW).

Unified Pension Scheme for central government employees will be available only for those who are currently subscribers of the New Pension Scheme (NPS), including retirees. The new scheme guarantees employees 50 per cent of their average basic pay over the last 12 months before retirement as a pension for a minimum qualifying service of 25 years against a market returns linked payout under the NPS. According to the scheme approved by the Union Cabinet, the pension will be proportionate for a lesser service period of up to a minimum of 10 years. Also, assured pension of Rs 10,000 per month on superannuation after a minimum of 10 years of service. The scheme has been brought out to address the concerns of government employees over NPS, which came into effect from January 1, 2004.

Unified Pension Scheme (UPS), that assures a pension of 50% of the salary for those who joined the service after January 1, 2004, under the National Pension System (NPS). This new scheme will take effect from April 1, 2025. NPS subscribers now have the option to switch to the Unified Pension Scheme (UPS), which provides this assured pension starting from the next financial year. The government's plan to transform NPS came against the backdrop of several non-BJP states deciding to revert to the DA-linked Old Pension Scheme (OPS) and employee organisations in some other states raising demand for the same. Here's how UPS, NPS, and OPS will stack up;

Jai serves as the Asia Desk Editor for Cryptonews.com, where he leads a diverse team of international reporters. Jai has over five years of experience covering the web3 industry.