Prøve GULL - Gratis
Centre Allows One-Time Switch to NPS from UPS
Financial Express Delhi
|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.
Denne historien er fra August 26, 2025-utgaven av Financial Express Delhi.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Financial Express Delhi
Financial Express Delhi
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 Delhi
EU to freeze Russian assets
THE EUROPEAN UNION looked set on Friday to indefinitely freeze Russian central bank assets held in Europe, removing a big obstacle to using the cash to help Ukraine defend itself against Moscow's invasion.
1 min
December 13, 2025
Financial Express Delhi
Govt speeds up visa for Chinese professionals
• Processing time less than 1 month now; China sees ‘positive action’
1 min
December 13, 2025
Financial Express Delhi
ICICI Pru AMC issue booked 72% on first day
THE INITIAL PUBLIC offering (IPO) of ICICI Prudential AMC, the second-largest mutual fund house by assets, was subscribed 72% on the first day of the bidding on Friday.
1 min
December 13, 2025
Financial Express Delhi
Reforms engine gathers steam
CABINET APPROVES BILL TO HIKE INSURANCE FDI TO 100%
1 min
December 13, 2025
Financial Express Delhi
Gauging AI impact on growth, job losses
While offering a starting framework, two Niti Aayog reports overlook the potential of AI as a digital public infrastructure good
4 mins
December 13, 2025
Financial Express Delhi
INITIATIVE TO COVER CRITICAL MINERALS, CHIPS India left out of US-led supply chain coalition
A NEW US-LED strategic initiative, Pax Silica, which aims to build a secure supply chain ranging from critical minerals and energy inputs to advanced manufacturing and semiconductors, does not include India.
2 mins
December 13, 2025
Financial Express Delhi
'Global norms ensure domestic crypto investor safety'
The long-term goal of Binance Holdings, the world’s largest crypto exchange in terms of volumes, is to become a collaborative partner for India’s blockchain and digital asset ecosystem, SB Seker, head of the Asia-Pacific region, an interview.
2 mins
December 13, 2025
Financial Express Delhi
Food inflation in negative zone for sixth month
RETAIL FOOD INFLATION remained in the negative zone for the sixth consecutive month in November when it came in at (-) 3.91%, largely driven by base effect and subdued prices of vegetables, cereals, pulses, meat, eggs and spices.
1 min
December 13, 2025
Financial Express Delhi
Think tank Bharat Ki Soch launched
BHARAT KI SOCH, a new think tank on ancient Indian wisdom for contemporary challenges has been launched.
1 min
December 13, 2025
Listen
Translate
Change font size