Cabinet Decisions: In a major decision, Prime Minister Narendra Modi-led Cabinet on Saturday (August 24) approved the Unified Pension Scheme (UPS) for government employees, providing assured minimum pension and family pension. The significant move aims to provide assured pension, family pension and assured minimum pension to the central and state government employees. Union Minister Ashwini Vaishnaw shared the information during the media briefing after the Cabinet meeting. He said that the Centre constituted a committee which held over 100 meetings with several top organisations, including the RBI and World Bank.
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'Unified Pension Scheme' approved by Centre | Here are key features of UPS
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