Loading...
Market
Will any non-BJP-ruled state adopt the Unified Pension Scheme by end of 2024?
2
Indian•Unified Pension Scheme•Union Cabinet•National Pension System•New Pension Scheme•National Pension Scheme•Narendra Modi•Union•Ashwini Vaishnaw•Amit Shah•NDA
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from state governments or news reports
Story
India Launches Unified Pension Scheme with 50% Assured Pension for 23 Lakh Employees
Aug 24, 2024, 04:04 PM
The Indian government has launched the Unified Pension Scheme, a new pension policy aimed at providing financial security to government employees. The scheme, approved by the Union Cabinet, offers an assured 50% of salary as pension to 23 lakh employees who joined under the National Pension System. This move comes amid protests by several non-BJP-ruled states over the existing New Pension Scheme. The Unified Pension Scheme allows employees to choose between staying in the National Pension Scheme or switching to the new scheme, which promises a fixed pension amount. Prime Minister Narendra Modi, Union Minister Ashwini Vaishnaw, and Union Home Minister Amit Shah have emphasized the scheme's alignment with the government's commitment to employee well-being and a secure future. The NDA government has reiterated its commitment to the financial security of government employees.
View original story
Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Minimal impact (less than 1% budget increase) • 25%
Moderate impact (1-3% budget increase) • 25%
Significant impact (3-5% budget increase) • 25%
Severe impact (more than 5% budget increase) • 25%
Increase in seats for Modi's party • 25%
Decrease in seats for Modi's party • 25%
No significant change • 25%
Other • 25%
Yes • 50%
No • 50%
Majority adopt UPS • 25%
Majority reject UPS • 25%
Mixed adoption • 25%
Other • 25%
Less than 10 lakh • 25%
10-15 lakh • 25%
15-20 lakh • 25%
More than 20 lakh • 25%