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The National Pension System (NPS) is a defined contribution pension system administered and regulated by the Pension Fund Regulatory and Development Authority (PFRDA), created by an Act of the Parliament of India. The NPS started with the decision of the Government of India to stop defined benefit pensions, Old Pension Scheme (OPS) for all its ...
The Government of India has social welfare and social security schemes for India's citizens funded either by the central government, state government or concurrently. Schemes which are fully funded by the central government are referred to as "central sector schemes" (CS) while schemes mainly funded by the centre and implemented by the states are "centrally sponsored schemes" (CSS).
Social security includes different kinds of benefits (maternity, unemployment, disability, sickness, old age, etc.) [1] A social pension is a stream of payments from the state to an individual that starts when someone retires and continues to be paid until death. [2] This type of pension represents the non-contributory part of the pension ...
The National Education Mission ( Samagra Shiksha Abhiyan) is an overarching programme for the school education sector extending from pre-school to class 12, launched in 2018. It was allocated a budget of ₹385.72 billion (US$4.8 billion) in the 2019 Interim Union Budget of India. The stated mission comprises four schemes, namely Saakshar ...
Pradhan Mantri Gramin Aawas Yojana ( lit. 'Prime Minister's Rural Housing Scheme' ), previously Indira Awas Yojana ( lit. ' Indira 's Housing Scheme' ), is a social welfare programme, created by the Indian Government, to provide housing for the rural poor in India. [1] A similar scheme for urban poor was launched in 2015 as Housing for All by 2022.
Let’s go over three key mistakes many savers make — and how to avoid them. 1. Mismanagement of retirement accounts. Transitioning to retirement requires a thorough review of your savings ...
Smriti Zubin Irani ( née Malhotra; Hindi pronunciation: [smɾɪt̪ɪ iːɾɑːniː] born 23 March 1976) is an Indian politician and former actress, fashion model and television producer. She has been Minister of Women and Child Development since 2019, and also Minister of Minority Affairs since 2022 (as the first non-Muslim to hold the position).
Pension scheme. Smart Pension is a pensions and retirement technology business, delivering pensions technology platforms in partnership with other financial institutions, [1] and running a defined contribution master trust pension scheme setup for employers to enrol employees in a workplace pension scheme. [2]