Employee Pension Scheme (EPS) is a social security measure which has provisions of a government guaranteed pension for the employees working in the organized sector. EPS is provided by Employee Provident Fund Organization (EPFO) after the retirement of the employee at the age of 58 years. The scheme first came in existence in 1995 and…
The Union Ministry of Consumer Affairs, Food and Public Distribution has extended the linking of Aadhaar-Ration card till 30th September 2020 for all the states and Union territories due to ongoing lockdown amid global pandemic. It also clarified that if an applicant fails to provide Aadhaar number within the set time framework, his/her ration card will not be cancelled. The Ministry…
Pradhan Mantri Fasal Bima Yojana (PMFBY) is a crop insurance scheme launched by the Central Government. It renders an extended coverage to under localised risks, post-harvest losses, etc., focuses on generalising technology for estimation of crops and of course, encouraging crop insurance. The scheme has replaced all the other crop insurance schemes in India. Nonetheless,…
Witnessing the universal spread of N Covid-19 or Coronavirus, as people call it, the Indian government has started to ramp up efforts to contain the spread of this disease. On 26 March 2020, Nirmala Sitharaman, the Union Finance Minister of India announced a Gareeb Kalyan Yojana with a budget of Rs. 1.7 Lakh Crore in…
In her maiden budget speech, the finance minister, Nirmala Sitharaman, while presenting Union Budget 2019, has announced for a number of changes to the National Pension System (NPS) scheme. National Pension System is a government-backed pension scheme which voluntarily pools resources and invests in various securities including equity, corporate bonds and government bonds. Here is…
