7th Pay Commission – Centre will announce Increase in pension, tax exemption by next week

7th Pay Commission – Centre will announce Increase in pension, tax exemption by next week

7th Pay Commission : In December, as an early New Year bonanza to government employees, the Modi government had decided to tweak the New Pension Scheme (NPS) – also known as National Pension Scheme – to not only hike up the Centre’s contribution to the corpus but also introduce tax exemption. However, the decision had…

Premature withdrawal from New Pension Scheme Fund

Premature withdrawal from New Pension Scheme Fund

Premature withdrawal from New Pension Scheme Fund Government has allowed premature withdrawal from New Pension Scheme Fund. A subscriber is eligible for three partial withdrawals during the period of subscription under National Pension System (NPS), each withdrawal not exceeding twenty-five percent of the contributions made by the subscriber and excluding contributions made by the employer….

Why government employees protest against New Pension Scheme?

Why government employees protest against New Pension Scheme?

New Delhi: On November 16, Union minister Piyush Goyal was reportedly hounded out of an event in Lucknow by railway employees. Among other issues, the protesters were angry about the new pension scheme and demanded the restoration of the old system. Not just Uttar Pradesh, unrest against the scheme has been brewing across the country…