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Government may introduce universal pension scheme for all citizens, including unorganised sector

The Indian government is working on a universal pension scheme for all citizens, including unorganised workers. The voluntary scheme will streamline pension planning.

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Universal pension scheme, pension scheme India, retirement planning, government pension scheme, voluntary pension plan

The Indian government is reportedly working on a universal pension scheme that will be accessible to all citizens, including those in the unorganised sector, sources from the Labour Ministry have revealed. The scheme is expected to consolidate multiple existing pension and savings schemes, making retirement planning more inclusive and structured.

Currently, individuals employed in the unorganised sector—such as construction workers, domestic helpers, and gig workers—lack access to large government-run savings programs. The proposed New Pension Scheme (working title) aims to fill this gap, offering a voluntary pension plan for both salaried employees and self-employed individuals.

Unlike schemes such as the Employees’ Provident Fund Organisation (EPFO), where employer and employee contributions are mandatory, the new universal pension scheme will be based on voluntary contributions. However, the government will not make any financial contributions to the fund.

Sources emphasize that this scheme will not replace the existing National Pension System (NPS), which also functions on a voluntary basis. Instead, it will streamline various pension schemes and provide a safe and structured option for individuals planning their post-retirement finances.

The proposal document for the universal pension scheme is in progress, and once finalized, consultations with stakeholders, financial experts, and policymakers will commence.

Currently, the government operates multiple pension schemes for different sectors. Some of these include:

Atal Pension Yojana (APY): Offers a monthly return of Rs 1,000 – Rs 5,000 after 60 years.

Pradhan Mantri Shram Yogi Mandhan Yojana (PM-SYM): Provides benefits to street vendors, domestic workers, and daily wage earners.

Pradhan Mantri Kisan Mandhan Yojana: Ensures Rs 3,000 per month for farmers post-retirement.

The upcoming universal pension scheme is expected to bring flexibility and accessibility for citizens, ensuring a more inclusive retirement savings model.

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Vijay appoints astrologer Radhan Pandit as OSD, sparks criticism from allies

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Actor vijay

Tamil Nadu Chief Minister C. Joseph Vijay has appointed astrologer and TVK spokesperson Radhan Pandit Vettrivel as Officer on Special Duty (OSD) to the Chief Minister, a move that has sparked criticism from allies and opposition leaders.

Radhan Pandit, who had publicly predicted a major electoral victory for Vijay and the Tamilaga Vettri Kazhagam (TVK) ahead of the 2026 Tamil Nadu Assembly elections, has been considered a close aide of the Chief Minister during the party’s election campaign.

The appointment drew sharp reactions from leaders within the Congress and Left parties. Congress MP Sasikanth Senthil questioned the decision in a post on X, asking why an astrologer required an OSD position in government.

Leaders from the Viduthalai Chiruthaigal Katchi (VCK) and CPI(M) also criticised the move, arguing that such appointments go against the principles of scientific temper and secular governance.

According to reports, Radhan Pandit was among the first people to visit Vijay’s residence after TVK’s strong performance in the assembly elections. He has also been associated with the party as a spokesperson and political commentator.

The controversy comes amid rapid political developments in Tamil Nadu following the formation of the new TVK-led government.

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Maharashtra opposition seeks all-party meeting over PM Modi’s austerity appeal

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Sharad Pawar

Maharashtra opposition parties on Tuesday demanded an all-party meeting after Prime Minister Narendra Modi appealed to citizens to adopt austerity measures amid rising concerns over the ongoing West Asia crisis.

The prime minister recently urged people to avoid non-essential gold purchases, reduce petrol and diesel usage, postpone foreign travel and consider work-from-home practices to help minimise the economic impact of global uncertainty.

Leaders from opposition parties in Maharashtra said the Centre should hold detailed discussions with political parties and explain the broader economic situation to the public. They raised concerns over the possible impact of geopolitical tensions on fuel prices, inflation and the overall economy.

Some opposition leaders also questioned the timing of the austerity appeal, saying citizens deserve greater clarity on the government’s plans to tackle any economic challenges arising from the crisis in West Asia.

Meanwhile, BJP leaders defended the prime minister’s remarks, describing them as precautionary steps aimed at reducing pressure on foreign exchange reserves and controlling inflationary risks linked to global supply disruptions.

The debate comes as concerns grow globally over energy supplies and rising crude oil prices due to tensions in West Asia.

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India has 69 days of crude oil and LNG reserves, 45 days of LPG stock, says Hardeep Puri amid West Asia crisis

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Hardeep singh puri

India has sufficient fuel reserves and there is no supply shortage despite the ongoing conflict in West Asia, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Tuesday.

Addressing the CII Annual Business Summit, the minister said the country currently has crude oil and LNG reserves that can last for 69 days, while LPG stocks are sufficient for 45 days.

Puri also said LPG production has been increased from around 35,000-36,000 tonnes per day to nearly 54,000 tonnes per day to ensure uninterrupted supply during the ongoing geopolitical tensions in West Asia.

The minister dismissed fears of any immediate restrictions or disruption in fuel availability and said there is “no supply issue” in the country.

His remarks came after Prime Minister Narendra Modi urged citizens to reduce unnecessary fuel consumption and avoid non-essential foreign travel to help conserve foreign exchange reserves amid rising global energy prices linked to the West Asia conflict.

The government has also said there are no plans for fuel rationing and that India’s energy supply position remains stable.

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