Intentar ORO - Gratis
Centre Allows One-Time Switch to NPS from UPS
Financial Express Bengaluru
|August 26, 2025
Deadline for switching to UPS extended till September 30
TO INCREASE THE acceptability of the guaranteed unified pension scheme (UPS) among its 2.7 million-strong staff, the Centre on Monday said it will allow a one-time, one-way switch facility from UPS to the market-linked national pensions system (NPS), as the staff are weighing the cost-benefit between the two schemes.
The tepid response to UPS has forced the government to extend the deadline for switching from NPS to the scheme by three months, till September 30, 2025.
It was rolled out from April 1 with an initial deadline of three months. Just around 1% staff had exercised the option. Staff were dithering to exercise the UPS switch option as it was irreversible, and they weren't sure which scheme would be beneficial for them.
Esta historia es de la edición August 26, 2025 de Financial Express Bengaluru.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Financial Express Bengaluru
Financial Express Bengaluru
Top-10 stocks will start to outperform: DSP Netra
THE OUTPERFORMANCE PHASE is restarting for the top 10 companies in terms of market capitalisation, DSP Netra said in a report citing recent trends.
1 mins
December 13, 2025
Financial Express Bengaluru
Operational oversight to get a boost Sebi strengthens MII governance framework
Appointment of two executive directors mandated
1 mins
December 13, 2025
Financial Express Bengaluru
Credit growth at 1-year high
BANK CREDIT GROWTH touched 11.53% for the fortnight ended November 28, 2025, marking the strongest lending momentum in 12 months, reports Mahesh Nayak.
1 min
December 13, 2025
Financial Express Bengaluru
Brookfield to invest $1 bn for Mumbai office block
CANADIAN INVESTOR AND developer Brookfield on Friday said it will develop a two million sq ft office project in Mumbai’s Powai district, investing about $1 billion (more than %9,000 crore) to build on a six-acre plot.
1 min
December 13, 2025
Financial Express Bengaluru
House panel demands updated air quality norms ‘at the earliest’
A PARLIAMENTARY PANEL on Friday asked the Centre to come up with the updated India’s National Ambient Air Quality Standards “at the earliest”, noting that the standards were last revised in 2009.
1 min
December 13, 2025
Financial Express Bengaluru
Reforms engine gathers steam: Cabinet clears key Bills
ADDITIONALLY, THE BILL aims to relax current restrictions on the repatriation of dividends and key management personnel for foreign-owned firms, thereby boosting ease of doing business.
3 mins
December 13, 2025
Financial Express Bengaluru
BMW unveils affordable convertible model
AFTER LAUNCHING INDIA'S most affordable luxury EV at the Bharat Mobility Show in January 2025—the iX1 LWB for ₹49.9 lakh—BMW drove in the country’s most affordable convertible car on Friday, the MINI Convertible for ₹58.5 lakh.
1 min
December 13, 2025
Financial Express Bengaluru
Visa for Chinese professionals
“CHINA IS WILLING to maintain communication and consultation with India to continuously enhance the level of facilitation of exchanges,’ ministry spokesperson Guo Jiakun added.
1 mins
December 13, 2025
Financial Express Bengaluru
Silver hits ₹2 lakh in futures trade
SILVER PRICES RALLIED on Friday to breach the record ₹2 lakh per kg mark in futures trade for the first time, riding on strong investor demand and positive global trends.
1 min
December 13, 2025
Financial Express Bengaluru
Assured rural job days to be hiked 25%
MGNREGA will be renamed and wages raised to ₹240 a day
1 min
December 13, 2025
Listen
Translate
Change font size