Ups

Haryana govt extends retirement gratuity and death gratuity benefits to employees under Unified Pension Scheme

The Haryana government had adopted the Unified Pension Scheme (UPS), notified by the Government of India under the National Pension System (NPS).

What to expect after switching from NPS to UPS post-deadline of November 30?

It is not mandatory for central government employees under NPS to choose UPS. Also, only those employees who have completed 10 years of service are eligible for a switch.

PFRDA says planning inflation-linked NPS products to protect retirees’ returns

NPS to offer same tax benefits to new inflation-protected payouts; 100% equity option already available

Govt extends deadline to opt for Unified Pension Scheme till November 30

Extension comes after stakeholders sought more time in light of recent changes including switch option, retirement benefits, and tax exemptions

Countdown to Sep 30: What every central govt employee must know before choosing UPS over NPS

September 30 is the last date to switch to UPS, which promises assured pension as against NPS that offers market-linked returns.

Employees entitled to assured payout on pro-rata basis on VRS after 20 years service or more: Govt

In case of death of a subscriber after taking VRS but before start of assured payout, legally wedded spouse shall be granted family payout from the date of death of the subscriber, it said.

UPS to NPS switch: Central govt launches one-time switch option for UPS to NPS

The rules govern service-related matters and benefits of Central govt employees who choose the UPS as an option under National Pension System.

Key watchouts in September 2025: ITR, NPS-UPS Switch, SBI card changes and more

Be it tax returns and pension scheme switches to credit card reward alterations and fixed deposit closures, here's a summary of the major watchouts this month.

How government employees can compare NPS and UPS through this new platform for retirement planning

Government employees can now assess which pension scheme—NPS or UPS—offers better post-retirement security using a new simulation tool

How the government-run Atal Pension Yojana assures pension for the working poor: Explained

Atal Pension Yojana scores over other retirement-related investment products considering its guaranteed pension assured by the government, modest contribution by the subscriber, superior annuity model and tax benefits. It is an ideal approach for both husband and wife to enrol in APY and receive a pension as much as Rs 10,000.

Unified Pension Scheme – Two birds with one stone, or a step back in time?

While government employees are getting a better deal, the hit to government finances may turn out to be insignificant, under certain assumptions

Unified Pension Scheme not a rollback of NPS, asserts Sitharaman

"We have not gone back to OPS. A U-turn is when we go back to the old position. Keeping the logical framework intact, we are giving them options."

Unified Pension Scheme: Old, bad ideas in a new package

If actual market performance is short of the government’s assumption, the union budget will have to make good the shortfall to honour its commitment. That’s the risk of a guarantee which is what the 2004 pension reform bypassed. UPS effectively takes on the risk again which has to be backstopped by tax payers

Unified Pension Scheme balances fiscal cost and aspirations of employees: Economists

The increased cost of living will also be taken care of under UPS as real pension will not change because it's indexed into inflation. In NPS, if inflation goes up, real pension goes down.

11% return on the pension corpus would mean no additional burden for the government

If returns are below 11.5 percent, burden may increase on the government

Central government pension spending to rise by double digits in FY26

The government’s pension bill, excluding railways and defence, is expected to be Rs 79,241 crore in the current fiscal

Unified Pension Scheme (UPS) explained in 10 points

To qualify for this, employees must have a minimum of 25 years of service. The scheme will benefit 23 lakh central government employees.

UPS to make some parcel-tracking tags in India, executive says

Semiconductor manufacturing is among Prime Minister Narendra Modi's key business agendas as he pursues an ambition of making the country a chipmaker for the world, even though the Indian government faced setbacks in its initial bid to offer $10 billion in incentives to the industry.

World Street | Musk's payday problems, UPS delivers bad news, Starbucks’ caffeine crash, soft landing in sight?

From UPS’ jobs cuts and IMF’s predictions of a soft landing to the lawsuit filed against Citibank, here's a look at some of the developments from the world of business.

India probes DHL, FedEx, UPS for alleged antitrust practices, price collusion

In 2022, DHL said it would invest $547 million to expand its warehousing and workforce in India, which it called a priority market. Last month, a FedEx unit invested $100 million to set up a technology and digital innovation centre.

UPS appoints Gregory Goba-Ble as India MD

In his new role, Goba-Ble will lead the company's small package, supply chain solution and healthcare businesses and will continue as a board member of its joint venture with InterGlobe Enterprises MOVIN, the company said.

UPS plans to hire more than 100,000 holiday workers this year, on par with last year

As part of a tentative five-year contract agreement with the Teamsters union approved last month that included a bump up in pay and other benefits for part-time and full time workers, seasonal package drivers will start with hourly pay of $23, while package handlers will get $21 for the holiday period.