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Modi Govt considers proposal to raise pension limit to Rs.10,000/month for all Indians

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Modi Govt considers proposal to raise pension limit to Rs.10,000/month for all Indians

[vc_row][vc_column][vc_column_text]Modi government is looking into Pension Fund Regulatory Development Authority’s (PFRDA) proposal to double the monthly pension limit to Rs 10,000 from the existing Rs 5,000 under the Atal Pension Yojana (APY).

The proposed hike, if approved, will attract more people towards the scheme and provide better inflation-beating returns.

PFRDA chairman Hemant G Contractor, speaking at the Atal Pension Yojana Annual Conference on Tuesday, said the proposal has been sent to the Finance Ministry with an aim to increase the subscriber base of APY.

“Currently, we have five slabs of pension from Rs.1,000-5000 per month. There have been a lot of feedback from the market asking for higher pension amounts because many people feel that Rs.5,000 at the age of 60 years, 20-30 years from now, will not be sufficient. We have placed this proposal with the government that it should be increased to up to Rs.10,000,” Contractor said.

The PFRDA has sent two more proposals to the Ministry: auto enrolment for APY and raising the maximum age bar to enter the scheme from 40 years to 50 years.

At present, said a report in The Hindu, the age of entering APY is from 18-40 years but an increase in the same by another 10 years — from 18-50 years — will help in expanding the subscriber base, he added.

The subscriber base of APY is 1.02 crore. The PFRDA added about 50 lakh new subscribers under the scheme in 2017-18 and hopes to add another 60-70 lakh in the ongoing financial year, Contractor said.

There is a need to increase the value of pension under APY, Madnesh Kumar Mishra, Joint Secretary, Department of Financial Services (DFS), said at the conference, reported The Hindu.

“We have seen the proposal [sent by PFRDA] of increasing the pension value to [up to] Rs.10,000 per month and it is under our active examination,” Mishra said on the sidelines of the event.

Aimed specifically at the unorganised sector, the APY was introduced in June 2015 and aims to provide sustainable old-age income for more than 80% of India’s workforce. It had recently touched the 10 million subscriber mark, with nearly five million people enrolling for the scheme in 2017-18.

As on 31 March, 10.2 million subscribers have contributed to the scheme with Rs 4,400 crore. Currently the scheme has 60% men and 40% women, said K Mohan Gandhi, general manager, PFRDA.

The APY scheme is aimed specifically at unorganised sector and is in addition to the other pension scheme – the National Pension Scheme (NPS). The NPS, launched in 2004 was initially meant for government employees but was opened up to all Indians in 2009. The maximum age for opening a NPS account in 55 years and there is no upper limit for investing, as per a report in The Financial Express.[/vc_column_text][vc_column_text css=”.vc_custom_1528896119161{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #a2b1bf !important;border-radius: 10px !important;}”]The minimum age to invest in Atal Pension Yojana is 18 years. The maximum stipulated age to enter and contribute to an APY account is 40 years. The PFRDA has proposed to raise the maximum age to 50 years.

APY works on pre-defined contribution slabs which enable an investor to reach his or her fixed pension goal of Rs. 1,000, Rs. 2,000, Rs. 3,000, Rs. 4,000 and Rs. 5,000 at present. The PFRDA has proposed to raise the maximum amount to Rs.10,000. The earlier one starts, the lower is the monthly contribution required to reach the desired pension goal, say financial planners.

APY comes with three modes of payment. These are monthly, quarterly and half-yearly. That means a minimum of two contributions are required every year. An 18-year-old subscriber to APY, for example, is required to pay Rs. 42 per month or Rs. 248 half-yearly for a pension of Rs. 1,000 per month after he or she attains the age of 60 years. – from NDTV[/vc_column_text][/vc_column][/vc_row]

India News

Parliament Monsoon Session 2026: Anti-paper leak Bill to be introduced in Lok Sabha today

The Lok Sabha will introduce and consider the Public Examinations (Prevention of Unfair Means) Amendment Bill, 2026, proposing stricter punishment, fast-track courts and stronger safeguards against paper leaks.

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The Lok Sabha is set to take up the Public Examinations (Prevention of Unfair Means) Amendment Bill, 2026 for consideration and passage on Monday as the Centre moves to tighten laws against paper leaks and examination-related fraud.

Union Minister Dr Jitendra Singh will seek the House’s permission to introduce the Bill before moving it for consideration and passing during the day’s legislative business.

The proceedings of the Lok Sabha are scheduled to begin at 11 am with the Question Hour, during which ministers will respond to listed oral questions.

Bill proposes stricter action against paper leaks

The proposed amendment aims to strengthen transparency and integrity in the public examination system through stricter legal provisions while safeguarding the interests of students.

Among its major provisions are:

  • Imprisonment of up to 10 years for those found guilty.
  • A fine of up to Rs.10 crore.
  • Confiscation of assets of convicted offenders.
  • A mechanism to ensure verdicts in such cases are delivered within three months through fast-track courts.

The proposed changes follow the Union Cabinet’s approval of the legislation and related measures aimed at tackling paper leaks and examination fraud with stricter punishment and expedited trials.

Supreme Court judges amendment Bill also on agenda

Apart from the anti-paper leak legislation, the Lok Sabha is also scheduled to consider the Supreme Court (Number of Judges) Amendment Bill, 2026.

Union Law Minister Arjun Ram Meghwal will move the Bill for consideration. It seeks to further amend the Supreme Court (Number of Judges) Act, 1956.

Ministers to present implementation reports

Several Union ministers are also expected to place statements before the House on the implementation of recommendations made by various Parliamentary Standing Committees.

Among them:

  • Gajendra Singh Shekhawat will present an update on recommendations related to the Ministry of Tourism.
  • Jayant Chaudhary will report on recommendations concerning the Ministry of Skill Development and Entrepreneurship.
  • Pankaj Chaudhary will table a statement on recommendations relating to the Ministry of Finance.
  • Suresh Gopi will present implementation updates on recommendations made by the Standing Committee on Petroleum and Natural Gas.

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Who are the experts in Nandan Nilekani-led PM Modi’s exam reform task force?

PM Modi has constituted a six-member task force led by Nandan Nilekani to recommend reforms for the National Testing Agency. Here’s a look at the experts on the panel.

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Following the announcement of a high-powered task force to reform India’s examination system, the Centre has brought together experts from technology, space research, intelligence, education, cybersecurity and logistics to recommend structural changes for the National Testing Agency (NTA).

The panel, led by Infosys co-founder and technology expert Nandan Nilekani, was announced by Prime Minister Narendra Modi a day after Union Education Minister Dharmendra Pradhan resigned amid nationwide protests over the alleged NEET paper leak.

In a video message shared on social media, the Prime Minister said the government aims to make examinations more reliable, transparent and technology-driven. He said the task force would submit recommendations to improve the credibility of upcoming examinations at the earliest.

Nandan Nilekani to lead the panel

Nandan Nilekani, co-founder and non-executive chairman of Infosys, will head the task force. Widely recognised for leading the Unique Identification Authority of India (UIDAI) and playing a key role in the development of Aadhaar, Nilekani is expected to contribute his expertise in technology, digital infrastructure and data security to the examination reform process.

Former ISRO chief S Somanath

Former Indian Space Research Organisation (ISRO) chairman S Somanath, an aerospace engineer, is also part of the panel. During his tenure, ISRO successfully carried out the Chandrayaan-3 mission. His experience in executing complex, high-precision missions is expected to help strengthen quality control and multi-layered verification processes in examinations.

Former IB director Tapan Deka

Former Intelligence Bureau Director Tapan Kumar Deka has been included for his experience in intelligence and security. A former IPS officer with a postgraduate degree in Physics, he is expected to provide inputs on strengthening intelligence gathering and cyber monitoring to curb organised examination fraud and paper leak networks.

IIT Madras Director V Kamakoti

V Kamakoti, Director of IIT Madras, is another member of the panel. A computer science academic, he has led initiatives related to microprocessor development and information security at the institute. His expertise is expected to support measures aimed at enhancing cybersecurity and protecting examination software and digital infrastructure.

Former Education Secretary Anita Karwal

Former Education Secretary Anita Karwal brings administrative and academic policy experience to the task force. A retired IAS officer from the Gujarat cadre, she is expected to contribute recommendations on examination policies, answer-key mechanisms, evaluation standards and improvements in the functioning of examination centres.

Logistics expert Amrit Lal Meena

Retired bureaucrat Amrit Lal Meena, who previously served as Bihar’s Chief Secretary and as Special Secretary (Logistics) in the Ministry of Commerce and Industry, completes the six-member panel. His expertise in supply chain management is expected to help strengthen the secure printing, storage and transportation of question papers through tamper-resistant logistics systems.

The multidisciplinary panel has been tasked with recommending structural reforms aimed at improving transparency, security and reliability in India’s examination system.

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India News

Amit Shah praises Dharmendra Pradhan’s resignation, says Nation above post

Amit Shah hailed Dharmendra Pradhan’s resignation as Union Education Minister, saying BJP places the nation and students above any position while highlighting the government’s commitment to examination reforms.

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Amit Shah

Union Home Minister Amit Shah on Saturday praised Dharmendra Pradhan’s decision to step down as Union Education Minister, saying the move reflected the Bharatiya Janata Party’s commitment to placing the nation and students above any political position.

In a post on X, Shah said that for BJP workers, the country, its youth and students are more important than any office. He described Pradhan’s resignation as an example of the party’s guiding principle of prioritising national interest over personal ambition.

Shah highlights government’s focus on exam reforms

Amit Shah said the Narendra Modi-led government respects the sentiments of students and remains committed to strengthening the examination system following concerns over alleged paper leaks.

He said the Centre has introduced strict measures to ensure severe punishment for those involved in examination paper leaks and expressed confidence that these steps would deliver justice to students who cleared the National Eligibility-cum-Entrance Test (NEET).

Praises Pradhan’s work as Education Minister

Recalling Dharmendra Pradhan’s tenure, Shah highlighted several initiatives undertaken during his time in the Education Ministry. He credited Pradhan with helping implement the National Education Policy (NEP), expanding PM SHRI schools, promoting digital education, strengthening skill development and improving coordination between industry and academic institutions.

Shah also said Pradhan worked towards making examinations more inclusive and student-centric, adding that his tenure reflected his commitment to the vision of a developed India.

Resignation follows NEET controversy

Dharmendra Pradhan’s resignation comes amid nationwide protests over alleged irregularities in the NEET examination and growing demands for accountability.

The resignation has triggered political reactions across party lines. While opposition parties have described the development as a result of sustained student protests, BJP leaders have projected it as an example of accountability and commitment to national interest.

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