After Centre approved the Unified Pension Scheme (UPS) for Central government employees on August 24, the Opposition has claimed credit for the NDA government’s decision to roll out UPS.
In a post on X, Congress chief Mallikarjun Kharge described the ‘U’ in UPS stands for Prime Minister Narendra Modi government’s U-turns. “Post June 4, the power of the people has prevailed over the arrogance of power of the Prime Minister”, he added.
He listed the few rollbacks by the Central government including a rollback in the budget regarding Long Term Capital Gain / Indexation. Sending Waqf Bill to JPC, rollback of Broadcast Bill, and recently Lateral Entry advertisement by UPSC on Centre’s direction.
The Congress chief asserted that the Opposition will keep ensuring accountability and protect 140 crore Indians from this “despotic government”.
Yesterday, PM Modi recognised the hard work of all government employees who contribute significantly to national progress. The Unified Pension Scheme ensures dignity and financial security for government employees, aligning with our commitment to their well-being and a secure future, he said in a post on X.
Union Home Minister Amit Shah Congratulated Central government employees on the approval of the Unified Pension Scheme by the Prime Minister in the Union Cabinet on Saturday.
With the approval of the scheme, the Modi government has reiterated its commitment to the financial security of Central government employees, who form the backbone of the nation’s governance, Shah emphasised.
After facing massive criticism from Opposition and government employees over the New Pension Scheme replacing the Old Pension Scheme, the Centre came up with the Unified Pension Scheme for Central government employees, which will be effective from April 1, 2025.
The UPS is akin to the Old Pension Scheme, with an assured pension where retirees will now receive 50% of their average basic pay over the last 12 months before retirement as a pension for a minimum qualifying service of 25 years. Proportionate for a lesser service period up to a minimum of 10 years of service.
In UPS, the government has increased its contribution from 14% to 18.5%. Employee contribution will not increase and will remain at 10%. In case of a pensioner’s unfortunate demise, their family will receive 60% of the pension the employee was receiving.
As assured minimum pension under this scheme, is Rs 10,000 per month as pension, on superannuation after a minimum of 10 years of service.
The Centre has covered the inflation protection, with this the pensions will be indexed to inflation. Dearness Relief will be based on the All India Consumer Price Index for Industrial Workers (AICPI-IW), as in the case of serving employees.
The lump sum payment at superannuation in addition to gratuity. The 1/10 th of monthly emoluments ( pay +DA) as on the date of superannuation for every completed six months of the service. This Payment will not reduce the quantum of assured pension.
Under this scheme, provisions of UPS will apply to past retirees of NPS (who have already superannuated). Arrears for the past period will be paid with interest at PPF rates.
UPS will be available as an option to the employees. Existing NPS / VRS with NPS as well as future employees will have an option of joining UPS. Choice, once exercised, will be final.
UPS will be benefiting around 23 lakh Central government employees, as per the government.
The same architecture has been designed for adoption by State governments. If also adopted by State governments, can benefit over 90 lakh government employees who are presently on New Pension Scheme.
Information and Broadcasting Minister Ashwani Vaishnaw on August 24 announced the UPS, ahead of the Assembly elections in Haryana and Jammu and Kashmir this year.
"केन्द्रीय मंत्रिमंडल ने सरकारी कर्मचारियों के लिए सुनिश्चित पेंशन प्रदान करने वाली एकीकृत पेंशन योजना (यूपीएस) को मंजूरी दी।"
Prime Minister Narendra Modi has called for greater global expansion of the Unified Payments Interface (UPI), highlighting India’s digital payments infrastructure and its potential to connect people and businesses across borders.
Speaking at the Fintech Fest, PM Modi emphasised the role of technology and financial innovation in transforming India’s payments ecosystem. He said India’s experience with digital payments offers an opportunity to take the country’s homegrown payment infrastructure to a wider international audience.
PM Modi highlights India’s digital payments journey
The Prime Minister pointed to the rapid growth of digital payments in India and the way UPI has become an important part of everyday transactions.
He stressed that India’s fintech ecosystem has demonstrated how technology can make financial services more accessible and convenient for people.
UPI has emerged as one of India’s key digital public infrastructure platforms, allowing users to make instant bank-to-bank payments through participating applications.
Push for wider international adoption of UPI
PM Modi also underlined the importance of taking India’s digital payment capabilities beyond the domestic market.
The push for wider UPI adoption comes as India has been working to establish digital payment linkages with other countries, enabling easier cross-border transactions.
Such international expansion can support Indian travellers, businesses and consumers by making digital payments more convenient in participating countries.
India’s fintech ecosystem in focus
The Prime Minister’s remarks came as the fintech sector continues to play a major role in India’s digital transformation.
India’s experience with UPI has attracted international attention because of the scale at which real-time digital payments are being used.
At the event, the broader fintech ecosystem and the potential of technology to improve access to financial services were also central to discussions.
Why UPI’s global expansion matters
A wider international footprint for UPI could strengthen India’s digital payments ecosystem while making cross-border transactions simpler in countries where UPI-linked systems are available.
The expansion also reflects India’s broader effort to promote its digital public infrastructure and fintech capabilities internationally.
PM Modi attacks Rahul Gandhi over Jhooth Ki Goonj as he addresses youth in Gujarat
PM Modi took an apparent swipe at Rahul Gandhi in Vadodara, urging young people not to be misled while highlighting infrastructure and education initiatives.
Prime Minister Narendra Modi on Tuesday took an apparent swipe at Congress leader Rahul Gandhi while addressing a gathering of young people in Gujarat’s Vadodara.
Speaking at the “NaMo for Viksit Bharat” event, PM Modi cautioned the youth against what he described as misleading claims and referred to “Jhooth Ki Goonj” in an apparent reference to Rahul Gandhi and the Congress’s “Chhatron Ki Goonj” campaign.
“People will try to mislead you through Jhooth Ki Goonj, but youth will stand with truth,” PM Modi said.
The Prime Minister was in Vadodara to announce new projects and inaugurate completed infrastructure works. He said development projects worth more than Rs. 35,000 crore would provide further momentum to the journey towards a Viksit Bharat.
PM Modi’s dig at Rahul Gandhi
PM Modi’s remarks came in the context of the political debate surrounding the Congress’s “Chhatron Ki Goonj” campaign.
He appeared to refer to a fact-check of Rahul Gandhi’s speeches by a satirical political website. According to the report, the website examined 40 statements made by Rahul Gandhi at four events associated with the campaign and described 29 as “false” and 11 as “misleading”.
The Prime Minister urged young people to distinguish between what he portrayed as misleading political claims and what he called the truth.
Double-stack freight train highlighted
During his address, PM Modi also highlighted the operation of a double-stack container freight train between JNPT in Mumbai and Vadodara.
He said the single journey carried a volume of cargo equivalent to more than 250 trucks. He also used the example to take a humorous swipe at critics concerned about the impact of infrastructure changes on truck operators.
PM Modi also referred to the Dedicated Freight Corridor and said that before 2014, not even 1 km of the project had been completed during the previous government’s seven to eight years.
Free online coaching initiative for students
The Prime Minister also spoke about the government’s move towards providing free online coaching by top teachers to students preparing for competitive examinations.
He said the initiative was aimed at reducing the financial burden of coaching on poor and middle-class families.
PM Modi said education is changing alongside the wider transformation in the world, with skills becoming increasingly important alongside formal degrees.
The Vadodara event combined announcements on infrastructure and education with political remarks directed at the Opposition.
Acharya Balkrishna acquitted in 15-year-old forged documents case
Acharya Balkrishna has been acquitted by a Dehradun CBI court in a 15-year-old case involving allegations of obtaining a passport using forged documents.
Acharya Balkrishna, a close associate of Yoga Guru Ramdev and general secretary of Patanjali Yogpeeth, has been acquitted in a 15-year-old case involving allegations of obtaining a passport using forged educational and other documents.
The Special Judicial Magistrate (CBI) court in Dehradun also acquitted Naresh Chandra Dwivedi, who was accused of providing the alleged forged documents to Balkrishna.
The Central Bureau of Investigation (CBI) registered the case and began its investigation in 2011 following a complaint alleging that Balkrishna was a Nepali national who had obtained an Indian passport using forged documents.
The case involved allegations related to the procurement of a passport on the basis of forged educational and other documents. After a prolonged legal process, the court acquitted Balkrishna and Dwivedi.
The Special Judicial Magistrate (CBI) court in Dehradun acquitted both accused in the case.
Naresh Chandra Dwivedi was facing allegations of providing forged documents to Balkrishna. The court’s verdict brought the 15-year-old proceedings to an end with the acquittal of both accused.
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