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The ministry of Finance on Friday announced that Central government employees who retired under the National Pension Scheme (NPS) on or before March 31, 2025, and have completed at least 10 years of qualifying service — or their legally wedded spouses — will be eligible for additional benefits under the Unified Pension Scheme (UPS).These UPS benefits will be offered over and above the NPS benefits already availed by the subscribers.As per the notification, eligible NPS retirees may choose between a one-time payout equal to one-tenth of their last drawn Basic Pay plus Dearness Allowance (DA) for every completed six months of service, or a monthly top-up if their current NPS pension is lower than the UPS entitlement plus Dearness Relief. Arrears will be paid along with simple interest, based on applicable Public Provident Fund (PPF) rates, reported ANI. The Ministry stated that both physical and online modes of application will be available for claimants. In the physical route, the applicant must visit their respective Drawing and Disbursing Officer (DDO) and submit the required form. The online application process can be completed by visiting official website.The final date to apply for these additional UPS benefits is June 30, 2025, according to the ministry’s statement.Meanwhile, the Delhi Government is preparing to enhance the monthly pension for senior citizens and persons with disabilities by ₹500 to provide greater financial support.Earlier this year, the National Statistical Office (NSO) reported that over 6.4 crore new subscribers were added to EPF and ESI schemes between September 2017 and November 2019. During the same period, over 16 lakh individuals joined the National Pension Scheme.
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Modi’s Asia Double Play: Japan Now, China Next — What India Wants (and Risks)
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[ad_1] Cosmetics maker L’Oreal agreed to acquire a majority stake in British skincare brand Medik8, in a strategic move to strengthen its presence in the booming skincare market. The French beauty giant announced the deal on Monday, though financial terms were not disclosed.The transaction, which sees UK-based private equity firm Inflexion selling its majority holding, reportedly values Medik8 at around 1 billion Euro, according to a source familiar with the matter. Inflexion will retain a minority share, while L’Oreal has secured the option to eventually buy out all remaining shareholders, Reuters reported.“We are delighted to welcome Medik8 to the L’Oréal family. As a premium skincare range, with high levels of proven efficacy at an accessible price point, Medik8 perfectly complements our existing skincare portfolio,” Cyril Chaupuy, president of L’oreal Luxe said.“This acquisition further strengthens L’Oreal’s luxe portfolio, adding a premium […]
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[ad_1] India’s GDP has more than doubled in the last decade, and experts believe that this has trickled down to the poorest. (AI image) Marking a big achievement over the last decade, extreme poverty in India has dropped substantially from 27.1% in 2011-12 to 5.3% in 2022-23, according to the latest World Bank data. The remarkable progress under the Narendra Modi government has come despite the World Bank raising its poverty threshold to $3 per person per day from $2.15 per person per day earlier.Incidentally, India’s huge reduction in extreme poverty comes at a time when globally there has been an increase in the number of people below the poverty line. According to a government fact sheet, India has emerged a statistical outlier in the positive direction.The latest data is being seen as a boost in the government’s economic growth […]
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[ad_1] For the first time in eight years, Ayodhya has seen a sharp revision in its circle rates, with property prices rising between 30% and 200% across various parts of the district, officials told PTI.The prices are particularly steep within a 10-kilometre radius of the Ram Janmabhoomi Temple, an area witnessing a real estate boom fuelled by religious tourism and rapid infrastructure growth. Here, circle rates have jumped over 150%, pushing land values in the prime zone to Rs 26,600–27,900 per square metre, compared to Rs 6,650–6,975 earlier.Shanti Bhushan Chaubey, sub-registrar of Sadar (Faizabad) tehsil, said the hike followed a proposal submitted last September. “After addressing objections, the new circle rates were approved by District Magistrate Tikaram Funde and have now been enforced,” he said.According to Chaubey, the sharpest hikes were recorded in areas with the most land activity. “Localities […]
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