OLD PENSION CONGRESS
Budget 2024: Higher OPS-like pension in NPS; central govt employees likely to get 50% of last pay drawn as pension
NPS in Budget 2024: The government aims to provide reassurance to central government employees covered by the National Pension System by offering them 50% of their last drawn pay as pension, in an effort to address their payout-related worries. Even though the current scheme provides attractive returns for employees who have been investing for 25-30 years, the government is still committed to ensuring this benefit.
Government's script, full of lies: Opposition leaders on President's address to Parliament
Opposition leaders criticized the President's address to the joint sitting of Parliament, dismissing it as a government-scripted speech filled with lies. They accused the government of creating an "undeclared emergency" and attacking the Constitution under Modi's rule. President Droupadi Murmu's address highlighted the 1975 Emergency as a dark chapter but faced backlash for not addressing current issues like unemployment, inflation, and the crisis in Manipur.
Budget FY25: Central trade unions call for scrapping of four Labour Codes and the new pension scheme
In their pre-budget meeting with finance minister Nirmala Sitharaman on Monday, the joint platform of 10 central trade unions, barring the Bhartiya Mazdoor Sangh, suggested government to enhance resource mobilization through enhanced corporate tax and wealth tax, raise the ceiling limit for the income tax rebate for the salaried class, set up the social security fund and fill up all the existing vacancies in the central government departments and public sector undertakings with regular employment while doing away with contract jobs.
Finance Commission to address issues of freebies, compensation for green cover: Chairman Panagariya
The 16th Finance Commission will tackle issues related to the distribution of freebies and compensation for providing green cover, Chairman Arvind Panagariya announced on Monday. After discussions with the Himachal Pradesh government, Panagariya explained that the state's expectations and needs were addressed during a detailed presentation.
Will complete full term in HP, retain power in 2027: HP CM Sukhvinder Singh Sukhu
Himachal Pradesh CM Sukhvinder Singh Sukhu accuses BJP of using money power to topple government, vows Congress's power until 2027. Initiatives include restoring old pension system, criticizes BJP for lack of support during monsoon disaster.
Congress' Strategy: OPS... they did it again!
The new Congress election manifesto makes no mention of OPS. Answering questions, P Chidambaram said OPS was very much on the party's mind, but it was waiting to react to the report of an official committee on the issue. Does that suggest second thoughts?
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Old pension scheme promise missing in Congress manifesto: Chidambaram explains why
Congress released its manifesto for the upcoming Lok Sabha elections, titled 'Nyay Patra', emphasizing justice. Notably, the old pension scheme was not included, with Chidambaram citing government committee deliberations. Despite emphasizing it in previous elections, Congress faced defeats in states like Madhya Pradesh, Rajasthan, and Chhattisgarh. OPS guarantees a fixed pension, while NPS requires contributions with pension contingent on market returns.
Interim Budget 2024 likely to present a status report on National Pension System
Budget 2024: Debate over the NPS sharpened last year after Congress-ruled states such as Rajasthan, Chhattisgarh and Himachal Pradesh decided to go back to the old defined benefit system, which offered government employees 50% of their last-drawn salary as monthly pension. In contrast, the NPS is a defined contribution scheme through which an employee accumulates a corpus for retirement.
TMC's Abhishek launches old-age pension scheme in his LS seat; BJP questions source of funds
Under the 'Shroddhargyo' (respect to seniors) initiative launched by the TMC national general secretary, 16,380 party volunteers will contribute funds towards providing a monthly pension of Rs 1,000 to 76,000 elderly persons in the Lok Sabha constituency in South 24 Parganas district of West Bengal.
Modi govt gains leverage for policy adjustments after saffron party’s sweep in state elections
In its seven-year history, the GST Council has predominantly reached decisions through consensus, but division persists outside the council, particularly with opposition-led states blaming the Centre for challenging choices. The recent victories in Rajasthan and Chhattisgarh boost the confidence of the ruling party and compensate for losses in Karnataka.
Curtains down on MP poll campaign; 2,533 candidates in race for 230 assembly seats
The bustling political landscape of Madhya Pradesh witnessed a culmination of high-decibel campaigning on Wednesday evening in anticipation of the upcoming assembly polls scheduled for November 17. Leaders from various contesting parties traversed the state extensively, engaging in a spectrum of activities from impassioned rallies to energetic roadshows.
Congress to win over 25 seats in Mizoram polls, will initiate reforms: State chief Lalsawta
The Congress party's state unit chief in Mizoram, Lalsawta, has expressed confidence that the party will secure at least 25 of the 40 assembly seats in the upcoming November 7 elections. He pledged that if the Congress comes to power, it will implement a series of reforms to eliminate corruption, enhance governance, and improve fiscal management. Lalsawta also promised to introduce the Old Pension Scheme (OPS) for state government employees.
Centre may enhance payouts to farmers, staff ahead of polls
The BJP-led government is considering various welfare measures for farmers and government employees in anticipation of the 2024 polls. The opposition, particularly the Congress, has been making the Old Pension Scheme (OPS) and farm loan waivers a key part of their election campaigns. Several Congress-ruled states have already adopted OPS, and opposition parties have shown support for protests demanding its restoration.
IPL team, Rs 25 lakh insurance, old pension: How Congress plans to bring 'khushhali' in MP with 1300 promises
With the slogan "Congress ayegi, khushhali layegi" (Congress will usher in happiness), the manifesto presents an extensive array of commitments, totaling a remarkable 1,290 promises. These pledges span diverse domains, encompassing aspects like conducting a caste census, ensuring essential services, establishing a 27% quota for Other Backward Classes (OBCs), providing universal insurance coverage, and notably, exploring the possibility of an Indian Premier League (IPL) team for Madhya Pradesh.
Priyanka Gandhi demands caste census to do 'justice' with OBCs, SCs and STs in the country
Congress general secretary Priyanka Gandhi Vadra has called for a caste census to ensure justice for OBCs, SCs, and STs. She criticized the ruling BJP in Madhya Pradesh, claiming that 250 scams had occurred during its 18 years in power. Gandhi also made several promises, including implementing the Old Pension Scheme, providing free education to students from Std I to Std XII, and giving monthly allowances to students.
Centre will have to implement Old Pension Scheme: Rajasthan CM Gehlot
Rajasthan Chief Minister Ashok Gehlot has urged the central government to implement the Old Pension Scheme (OPS) for employees nationwide, citing concerns raised by institutions such as the CAG and the National Human Rights Commission. Gehlot highlighted the disparity between the armed forces, which benefit from OPS, and the paramilitary forces, covered under the New Pension Scheme (NPS).
MP CM announces several sops for women ahead of Assembly polls; Congress says BJP trying to save sinking ship
Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Sunday cited the holy month of 'Sawan' underway and raised the financial aid given to women in the Ladli Behna scheme from Rs 1,000 to Rs 1,250 per month and also announced 35 per cent reservation for them in government jobs. He also said cooking gas cylinders will be provided to women at Rs 450 in August to mark 'Sawan'.
Rajasthan people want change, looking at BJP with expectations: Tarun Chugh
BJP leader Tarun Chugh was reacting to Rajasthan CM Ashok Gehlot's remarks in which he said that "Yeha BJP ki Daal Galne Wali Nahi Hai", and that Congress will return to power with a huge majority in the upcoming assembly elections scheduled to be held by year-end.
In Scindia's Gwalior, Priyanka Gandhi claims 'massive wave of change' in MP
Addressing a 'Jan Aakrosh' rally in Gwalior - the home turf of Union Minister Jyotiraditya Scindia - Priayanka briefly touched upon the former Congress leader's change of heart but moved on to talk about economic issues and the Congress guarantees for the state if voted to power.
MP government hikes DA for staffers to 42 pc with retrospective effect from Jan 1
The arrears from January to June on account of this hike will be given in three installments, he said, adding that all employees under the Sixth Pay Scale will also see a proportional increase in DA.
Congress’ MP plan: Five vows, old pension scheme
Days after chief minister Shivraj Singh Chouhan launched Laadli Behna Yojana, Congress leader Priyanka Gandhi Vadra will launch the party’s campaign by addressing a public rally in Jabalpur. She is expected to play a larger role as the campaign progresses. Rajya Sabha MP from the state and local leader Vivek Tankha said the party was launching its campaign from the Mahakaushal region as it played a major role in Congress’ victory last time.
Karnataka to discuss old pension scheme at next Cabinet meet
The Congress government in Karnataka is discussing the possible restoration of the old pension scheme (OPS) at the cabinet meeting. The cabinet is to decide whether announcing the scheme will form part of their first budget on July 7th. Previously, the then CM Basavaraj Bommai had maintained his support for the new pension scheme (NPS) after several state employee organizations protested ahead of the polls on May 10th.
NCP: It will be MVA versus BJP in Maha in 2024; Shinde group's existence will be in doubt
The MVA government, formed by the Uddhav Thackeray-led group, the NCP and Congress, collapsed last year after Shinde walked out of the undivided Shiv Sena. He then joined hands with the BJP to return as the chief minister. His group was recently allotted the name 'Shiv Sena' and its 'bow-and-arrow' symbol by the Election Commission.
Government empathetic to demand for OPS, says Maharashtra CM amid employee protest
His son and Shiv Sena Leader (UBT) leader Aaditya Thackeray alleged that people across the state weren't happy with the present government and while government employees are holding protests against the existing pension scheme, farmer suicides are also on the rise.
After Congress, NCP backs Maharashtra government employees strike for old pension
Nationalist Congress party, which till the time it was in the Maha Vikas Aghadi, had said that they would not be able to bring back the old pension scheme, has now decided to back the employees. On Tuesday, Opposition leader from the NCP, Ajit Pawar said, "A lot of essential services like hospitals have been affected. The government needs to find a solution to the issue. We are hearing that a lot of states, even smaller ones, have implemented the old pension scheme."
Congress' Raipur action plan and resolutions duck pledge on Old Pension Scheme
"Well, we felt the issue of OPS should be left to the state governments and the state Congress units and, therefore, there was no need to specifically mention the issue in the plenary resolutions which are more about national policies," said a member of the drafting committee (that framed the resolutions, including the one on economy) when asked about OPS finding no mention in the resolution.
If voted to power, Left-Congress will first implement old pension scheme: Prakash Karat in Tripura
Alleging that the BJP has failed to deliver in Northeastern state, Karat said, "The law and order situation has worsened in the state with 707 rape cases recorded between January 2020 and December 2022. The state has earned a bad name in crime against women." The CPI(M) leader alleged that the BJP was spending a huge amount of money to win the elections.
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