UPS a new scheme, not rollback as claimed by Congress, says Finance Minister


PTI, Aug 27, 2024, 8:35 PM IST

New Delhi: Accusing Congress of spreading misinformation, Finance Minister Nirmala Sitharaman on Tuesday said the newly launched UPS is a new pension scheme and not a rollback.

“It is not a rollback… it is different from OPS (Old Pension Scheme) and NPS (National Pension System). It is clearly a new package,” she said, adding, the Unified Pension Scheme (UPS) is better and will satisfy most government employees.

UPS is tailored in such a fashion that every calculation fits and even the government is not burdened too much, she said.

She expressed hope that most of the states would adopt UPS “as it has a lot of benefits for employees”.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

HC directs father of Bengaluru techie to inform SC about custody of daughter-in-law in suicide case

Does RSS support BJP’s ‘wrongdoings’? Kejriwal asks Bhagwat

Special passes for Sabarimala devotees opting for forest route temporarily halted

Bengaluru: Tejasvi Surya to tie the knot with Shivashree Skanda Prasad in March

PM Modi greets nation on New Year

Karnataka ushers in New Year peacefully, Bengaluru jostles for space as revellers take to streets

Bumrah named captain of Cricket Australia’s Test team of year, Jaiswal too makes it

Related Articles More

Does RSS support BJP’s ‘wrongdoings’? Kejriwal asks Bhagwat

Special passes for Sabarimala devotees opting for forest route temporarily halted

PM Modi greets nation on New Year

Maharashtra ATS arrests 9 Bangladeshis for illegal stay; 43 held in one month

Work together for more inclusive, sustainable future for India, world: President Murmu greets people on New Year

MUST WATCH

Tulunadu Daivaradane

Feeding Birds with Creative Paddy Art!

Areca Nut

HOTEL SRI DURGA BHAVANA

Harish Poonja


Latest Additions

HC directs father of Bengaluru techie to inform SC about custody of daughter-in-law in suicide case

Markets trade lower in first session of 2025 on unabated foreign fund outflows

Does RSS support BJP’s ‘wrongdoings’? Kejriwal asks Bhagwat

Geethartha Chinthane 142: Who is a “Dheera”?

Yakshagana artist killed in road accident near Arkula Junction

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.