As the new financial year 2025-26 is just a few days away, multiple regulatory changes will take effect across mutual funds, credit cards, UPI transactions, taxation, and GST. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large Cap 0.12% Axis […]
Explained | UPS implementation from April 1: How it differs from NPS and what employees should know – CNBC TV18
The Unified Pension Scheme (UPS) under the National Pension System (NPS) will be implemented from April 1, 2025. With guaranteed pension benefits, government contributions, and investment flexibility, UPS aims to provide financial security for central government employees post-retirement. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 […]
New rules from April 1: PFRDA notifies regulations for Unified Pension Scheme – CNBC TV18
The Pension Fund Regulatory and Development Authority (PFRDA) has notified regulations for the operationalisation of the Unified Pension Scheme (UPS) under the National Pension System (NPS). Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large Cap 0.12% Axis Nifty 100 […]
Finmin notifies assured pension scheme for govt employees effective from April 1 – CNBC TV18
The Finance Ministry on Saturday (January 25) notified the Unified Pension Scheme (UPS) which promises an assured pension of 50% of the average basic pay drawn over the last 12 months prior to superannuation. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest […]
UPS shares fall after getting rare ‘sell’ call on competition from Amazon, FedEx – CNBC TV18
United Parcel Service Inc. received a rare sell recommendation as Barclays expressed concern on the shipping giant’s earnings ahead of third-quarter results later this week. Analyst Brandon Oglenski downgraded the Atlanta-based company to underweight from equal-weight, noting likely near-term risk to earnings from continued weakness in parcel demand as well as longer-term challenges stemming from […]
Unified pension scheme vs NPS: Which is better for your retirement? – CNBC TV18
The Union Cabinet has recently approved the Unified Pension Scheme (UPS), slated to take effect from April 1, 2025. This new pension framework aims to provide central government employees with an assured pension. The announcement has sparked a debate among employees currently enrolled in the National Pension System (NPS) about whether they should transition to […]
FM Nirmala Sitharaman: No rollback by giving assured pension in Unified Pension Scheme – CNBC TV18
Finance Minister Nirmala Sitharaman on Tuesday strongly rebutted Congress’s criticism of the government’s latest pension scheme – Unified Pension Scheme (UPS), dismissing claims of a “government of U-turns” as unfounded. “We are not a government of U-turns. We offer flexible, choice-driven governance.” The government recently introduced the Unified Pension Scheme (UPS) for central government employees […]
UPS vs OPS vs NPS: An expert analysis on how the pension schemes compare – CNBC TV18
The Union Cabinet has recently approved the Unified Pension Scheme (UPS), set to take effect from April 1, 2025. This new scheme aims to provide central government employees with an assured pension after retirement. Indranil Sen Gupta, Professor of Practice at Shiv Nadar University, believes UPS is an improvement over the existing New Pension Scheme […]
All about UPS: From how your pension will be calculated to income tax implications – CNBC TV18
The government has recently introduced the Unified Pension Scheme (UPS) for central government employees. This new scheme is set to be available to current subscribers of the New Pension Scheme (NPS), including retirees, and will take effect on April 1, 2025. Under UPS, the government’s contribution will rise to 18.5% of the employee’s basic salary […]
NPS to UPS: Understanding the switch, changes to expect and other details – CNBC TV18
The government has recently approved the Unified Pension Scheme (UPS), which is set to benefit approximately 23 lakh government employees. The scheme will come into effect on April 1, 2025, offering a new pension option for employees currently under the National Pension Scheme (NPS). What is the UPS? The UPS provides a guaranteed pension for […]