{"id":21864,"date":"2024-08-25T07:52:33","date_gmt":"2024-08-25T07:52:33","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=21864"},"modified":"2024-08-25T07:52:33","modified_gmt":"2024-08-25T07:52:33","slug":"u-in-ups-stands-for-modi-govts-u-turns-congs-swipe-after-unified-pension-scheme-announcement","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/u-in-ups-stands-for-modi-govts-u-turns-congs-swipe-after-unified-pension-scheme-announcement\/","title":{"rendered":"\u2018U\u2019 In UPS Stands For Modi Govt\u2019s U-Turns: Cong\u2019s Swipe After Unified Pension Scheme Announcement"},"content":{"rendered":"<p>NEW DELHI, Aug 25: The Congress on Sunday took a jibe at the Centre over its announcement of the<a href=\"https:\/\/jammubulletin.com\/site\/upsc-files-fir-against-puja-khedkar-for-faking-identity-to-fraudulently-avail-attempts\/\"> Unified Pension Scheme<\/a>, saying the \u2018U\u2019 in UPS stands for Modi Government\u2019s \u201cU-turns\u201d.<br \/>\nThe opposition party\u2019s swipe came a day after the Union Cabinet approved an assured pension of 50 per cent of salary for those who joined the service after January 1, 2004, under the National Pension System (NPS).Fulfilling long pending demands of Government employees ahead of assembly elections in Haryana and Jammu and Kashmir, the Cabinet meeting, chaired by Prime Minister Narendra Modi, approved the Unified Pension Scheme (UPS), which assures guaranteed pension.<br \/>\nTaking a dig at the Government, Congress president Mallikarjun Kharge said, \u201cThe \u2018U\u2019 in UPS stands for Modi Govt\u2019s U turns! Post June 4, the power of the people has prevailed over the arrogance of power of the Prime Minister.\u201d<br \/>\n\u201cRollback in the budget regarding Long Term Capital Gain\/Indexation. Sending Waqf Bill to JPC. Rollback of Broadcast Bill. Rollback of Lateral Entry,\u201d Kharge said.<br \/>\n\u201cWe will keep ensuring accountability and protect 140 crore Indians from this despotic Government!\u201d the Congress chief said in his post on X.<br \/>\nThe new pension scheme also guarantees an assured minimum pension of Rs 10,000 per month on superannuation after a minimum of 10 years of service.<br \/>\nThis option scheme will benefit 23 lakh Central Government employees, he said, adding that the number would rise to 90 lakh if State Governments want to join the scheme.<br \/>\nAnnouncing other features of UPS, Union Minister Ashwini Vaishnaw had said an assured family pension will be provided to the spouse of a deceased employee. In addition, there would be inflation indexation on assured pension, assured family pension, and assured minimum pension.<br \/>\nWith the addition of all these features, it marks the transformation of the National Pension System (NPS), which promised pensions based on the contribution made by employees and the Government.<br \/>\nThe announcement came against the backdrop of several non-BJP states deciding to revert to the DA-linked Old Pension Scheme (OPS) and employee organisations in some other states raising demand for the same.<br \/>\nNPS has been implemented for all Government employees except those in the armed forces joining the Central Government on or after January 1, 2004.<br \/>\nUnder the Old Pension Scheme (OPS), retired Government employees received 50 per cent of their last drawn salary as monthly pensions. The amount keeps increasing with the hike in the DA rates. OPS is not fiscally sustainable as it is not contributory, and the burden on the exchequer keeps mounting.<\/p>\n<figure id=\"attachment_21865\" aria-describedby=\"caption-attachment-21865\" style=\"width: 300px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-21865\" src=\"https:\/\/jammubulletin.com\/site\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-25-at-1.21.19-PM-300x224.png\" alt=\"\u2018U\u2019 In UPS Stands For Modi Govt\u2019s U-Turns: Cong\u2019s Swipe After Unified Pension Scheme Announcement\" width=\"300\" height=\"224\" \/><figcaption id=\"caption-attachment-21865\" class=\"wp-caption-text\">\u2018U\u2019 In UPS Stands For Modi Govt\u2019s U-Turns: Cong\u2019s Swipe After Unified Pension Scheme Announcement<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI, Aug 25: The Congress on Sunday took a jibe at the Centre over its announcement of the Unified Pension Scheme, saying the \u2018U\u2019 in UPS stands for Modi Government\u2019s \u201cU-turns\u201d. The opposition party\u2019s swipe came a day after the Union Cabinet approved an assured pension of 50 per cent of salary for those [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[67,89,54],"tags":[],"class_list":["post-21864","post","type-post","status-publish","format-standard","hentry","category-header","category-national","category-political"],"gutentor_comment":0,"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u2018U\u2019 In UPS Stands For Modi Govt\u2019s U-Turns: Cong\u2019s Swipe<\/title>\n<meta name=\"description\" content=\"The Congress on Sunday took a jibe at the Centre over its 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