About In 2024, the government has approved the Unified Pension Scheme (UPS) for Government employees that will be implemented along with the present National Pension Scheme (NPS), and will be effective from FY26. UPS has features of both old and …
What’s in the news? The Government of India has launched NPS Vatsalya, a contributory pension scheme that allows parents or guardians to invest on behalf of their minor children. About NPS Vatsalya NPS Vatsalya is an extension of the existing …