The Union Cabinet, chaired by Prime Minister Narendra Modi, on Saturday, approved the Unified Pension Scheme (UPS), which aims to provide assured pension, family pension, and assured minimum pension to government employees. Under the new scheme, employees would get an assured pension of 50 per cent of the average basic pay drawn over the last …
Several unions of railway employees and workers threatened to stop all train services across India from May 1 if their demand to implement the Old Pension Scheme (OPS) is not met. These unions have come together under the Joint Forum For Restoration of Old Pension Scheme (JFROPS). The decision to carry out “Indefinite Strike for …
Image Source : PEXELS An old man counting coins. Having a proper retirement plan gives you the opportunity to receive income from different sources. It is one of the crucial aspects of attaining financial freedom. For accumulating funds for retirement, there are multiple financial instruments available in today’s time like mutual funds, the National …