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The just-announced <keyword id="22906567" type="General" weightage="100" keywordseo="Unified-Pension-Scheme" source="keywords">Unified Pension Scheme</keyword> for central <keyword id="19933272" type="General" weightage="20" keywordseo="government-employees" source="keywords">government employees</keyword> will be available only for those who are currently subscribers of the New Pension Scheme (NPS), including retirees. The new scheme guarantees employees 50% of their average basic pay over the last 12 months before retirement, as a pension for a minimum qualifying service of 25 years against a market returns linked payout under the NPS. According to the scheme approved by the Union Cabinet, the pension will be proportionate for a lesser service period of up to a minimum of 10 years. Also, assured pension of Rs 10,000 per month on superannuation after a minimum of 10 years of service will be provided. The scheme has been brought out to address the concerns of government employees over NPS, which came into effect from January 1, 2004. Under the <keyword id="3246232" type="General" weightage="20" keywordseo="Old-Pension-Scheme" source="Orion">old pension scheme</keyword> (OPS), effective before January 2004, employees got 50 % of their last drawn basic pay as pension. Unlike the old pension scheme, UPS is contributory in nature, wherein employees will be required to contribute 10% of their basic salary and dearness allowance while the employer's contribution (the central government) will be 18.5%. Under the NPS, the employer contribution is 14%, and the employee contribution is 10%. However, the eventual payout depends on the market returns on that corpus, mostly invested in government debt. Employees, under the OPS, were not required to make any contribution. They, however, contributed to the General Provident Fund (GPF). The accumulated amount, along with interest, was paid to the employee at the time of retirement. As the NPS was less attractive than the OPS, several non-BJP-ruled states decided to go back to the old pension scheme, which offered a DA-linked benefit. This prompted the Centre to constitute a committee in April 2023, under former Finance Secretary and now Cabinet Secretary-designate TV Somanathan to suggest improvement in the NPS architecture. Fulfilling the long pending demands of government employees ahead of assembly elections in Haryana and Jammu and Kashmir, the Union Cabinet on August 24 approved the UPS, which will provide assured pension to 23 lakh eligible central government employees. Those opting for the UPS will not be able to switch back. The UPS will put an additional burden of Rs 6,250 crore on the exchequer per year. The expenditure will vary every year according to variations in the number of employees. In addition, there will be an arrear of Rs 800 crore that has to be paid under the National Pension System (NPS) to employees retiring before March 31, 2025. If these retirees opt for UPS, they will receive arrears. "UPS is being implemented by the Central Government, benefitting 23 lakh central government employees," Information &amp; Broadcasting Minister Ashwini Vaishnaw said on X on Sunday. If states also adopt the UPS architecture, a total of over 90 lakh government employees, who are presently on NPS, would be benefitted, he added. On Sunday, Maharashtra, where assembly elections are due later in the year, became the first state to announce the adoption of the UPS for its employees. RSS-affiliate Bharatiya Mazdoor Sangh (BMS) said though the government has attempted to overcome the shortcomings of the NPS, there are still some issues compared to OPS. BMS will decide its future course of action only after a detailed study of the UPS after it is notified. All India Trade Union Congress (AITUC) said it is nothing but an extension of the existing NPS. The trade union expressed apprehensions that UPS will have a lot of aberrations once implemented. AITUC reiterated that it will continue to fight for the restoration of the non-contributory OPS. ICRA Chief Economist Aditi Nayar said assured pensions will add to the government's committed expenditure in the future while reducing the uncertainty for employees. "This will have to be built into the fiscal consolidation roadmap going ahead," Nayar added. The UPS reflects a thoughtful approach to long-term social security, addressing concerns about the adequacy and sustainability of pension benefits in a rapidly changing economic landscape, said Shardul Amarchand Mangaldas &amp; Co Partner Dorothy Thomas. "This move signals the government's commitment to providing robust support for its workforce, enhancing financial stability for millions of government employees across the country," Thomas said.

Over 23 lakh govt employees under NPS get option to choose unified pension scheme

New Delhi, The government on Wednesday announced hiking the <keyword id="20069652" type="General" weightage="20" keywordseo="sugarcane" source="keywords">sugarcane</keyword> <keyword id="20544473" type="General" weightage="20" keywordseo="frp" source="keywords">FRP</keyword> by Rs 25 to Rs 340 per quintal for the 2024-25 season starting October. Fair and Remunerative Price (FRP) is the minimum price that mills have to pay to sugarcane growers. The decision to increase the FRP of sugarcane was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="narendra-modi" source="keywords">Narendra Modi</keyword>. The Rs 25 per quintal hike is the highest by the Modi government and the move comes ahead of the general elections. Sugarcane is grown mainly in Maharashtra, <keyword id="19894922" type="General" weightage="20" keywordseo="uttar-pradesh" source="keywords">Uttar Pradesh</keyword>, and Karnataka. "Keeping in view interest of sugarcane farmers (GannaKisan), the Cabinet Committee on Economic Affairs has approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2024-25 (October - September) at Rs 340 per quintal for a basic recovery rate of 10.25 per cent," I&amp;B Minister <keyword id="19895497" type="General" weightage="20" keywordseo="anurag-thakur" source="keywords">Anurag Thakur</keyword> said at a media briefing. The FRP has been determined on the basis of recommendations of the Commission for Agricultural Costs and Prices (CACP) and after consultation with state governments and other stakeholders.

Cabinet approves hike in sugarcane FRP by ₹25 to ₹340 per quintal for 2024-25 season

<keyword id="13126" type="General" weightage="80" keywordseo="maharashtra" source="Orion">Maharashtra</keyword> Governor Bhagat <keyword id="12698258" type="General" weightage="80" keywordseo="singh-koshyari" source="Orion">Singh Koshyari</keyword> has asked the ruling Maha Vikas Aghadi government of Shiv Sena-Nationlaist <keyword id="1575" type="General" weightage="80" keywordseo="congress" source="Orion">Congress</keyword> Party-Congress to take a floor test and prove its majority on June 30 (Thursday). A letter to the effect was issued to the Maharashtra Legislature Secretary by the Raj Bhavan late Tuesday -- soon after a delegation of the Opposition Bharatiya Janata Party (BJP) met the Governor and urged him for immediate directions to the MVA to prove its majority. The Governor has convened a Special Session of the Maharashtra Assembly Thursday with a single point agenda of a trust vote against Chief Minister <keyword id="53973" type="General" weightage="100" keywordseo="uddhav-thackeray" source="Orion">Uddhav Thackeray</keyword>. "Thus I have issued a communication to the CM calling upon him to prove his majority on the floor of the House on 30.06.2022," said the Governor. The proceedings shall begin at 11 a.m. and end at 5 p.m. Thursday, the proceedings shall be video-graphed and telecast live and adequate security shall be provided inside and outside the legislature. Meanwhile, there are indications that the <keyword id="6358821" type="General" weightage="80" keywordseo="shiv-sena" source="Orion">Shiv Sena</keyword> is likely to move the Supreme Court for an urgent hearing in the matter amid speculation that Thackeray may take certain drastic measures at the Cabinet meeting scheduled later in the day ALSO SEE <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/politics/news/punjab-congress-chief-sidhu-quits-with-a-one-line-resignation/articleshow/90256050.cms">Punjab Congress chief Sidhu quits with a one-line resignation</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/politics/news/bjp-up-has-spent-over-3-crore-on-facebook-ads-last-month-congress-spent-6-lakh/articleshow/89750791.cms">BJP UP has spent over ₹3 crore on Facebook ads last month, Congress spent ₹6 lakh</a>

Maha crisis: Uddhav Thackeray government to face floor test tomorrow

Long stints in electoral politics and past experience in handling key government departments are the hallmarks of Congress-NCP-Shiv Sena legislators who took oath as ministers along with Maharashtra Chief Minister Uddhav Thackeray at the Shivaji Park here on Thursday evening. Thackeray is heading a coalition government, the Maha Vikas Aghadi (MVA), whose main constituents are the Sena, the Congress and the NCP. <keyword id="6360285" type="PERSON" weightage="20" keywordseo="chhagan-bhujbal">Chhagan Bhujbal</keyword>, Jayant Patil (both from the NCP), Balasaheb Thorat and Nitin Raut (both from the Congress), Eknath Shinde and Subhash Desai (both from the Sena) took oath as ministers along with Thackeray. Chhagan Bhujbal: Bhujbal (72) is a veteran figure in Maharashtra politics, who has the rare distinction of being associated with all the three major non-BJP parties in the state. A senior Nationalist Congress Party (NCP) leader, Bhujbal had been a member of both the Shiv Sena and the Congress at different times. Taking over as a minister is a sort of revival of his political fortunes after spending two years in jail since March 2016 in a money laundering case when the BJP-led government was in power. Bhujbal, who represents the OBC community, cut his political teeth in the Shiv Sena. He served as the Mayor of Mumbai, a Sena bastion, two times - 1985-86 and 1990-91. He quit the Sena in 1991, causing quite a stir in state politics, and joined the Congress. Bhujbal resigned from the Congress in 1999 and sided with Sharad Pawar who formed the NCP the same year. He became deputy chief minister in December 2008 and held key portfolios such as home affairs and public works in the Congress-NCP government. Jayant Patil: Jayant Patil (57) is perceived as a leader with a clean image. He took charge of the NCP's Maharashtra unit replacing Sunil Tatkare in April 2018, ahead of the crucial Lok Sabha and state Assembly polls. The NCP retained its tally in the 2019 April Lok Sabha election and fared better in the October Assembly polls, but the credit largely went to his boss, Pawar. Being part of a motley alliance of once-rival and ideologically divergent parties, Patil, known for composed demeanour, will be one of the key leaders who will be seen doing the trapeze act to ensure the three-party government sustains. Patil, son of well-known Maharashtra leader the late Rajaram Patil, held key portfolios like finance, home and rural development from 1999 to 2014 when the Congress-NCP combine ruled the state. Eknath Shinde: Shinde (55) is the most prominent face of the Sena in the adjoining Thane city from where has been elected consecutively four terms to the assembly. Considered a troubleshooter in the Sena, Shinde was the PWD minister in the previous BJP-led government (2014-19. Subhash Desai: One of the confidants of Uddhav Thackeray, Desai (77) is currently an MLC. The senior-most member of the cabinet had been a member of the assembly three times. Now serving his third term in the upper house of the legislature, Desai was the industries minister in the 2014-19 BJP-Sena government. Balasaheb Thorat: Congress leader Balasaheb Thorat (66) took charge of the party's state unit at a difficult time. When Thorat became the Maharashtra Congress chief in July this year, the party was already staring down the barrel after its Lok Sabha poll debacle in the state, once its citadel. It could win only one seat in the general election and was relegated to inferior position than its ally, the NCP. The Congress (44) though fared better in the Assembly elections, winning two more seats than its 2014 tally. The result may not be satisfactory for the party, which led the state several times in the past, a trusted lieutenant of the party's central leadership, Thorat ensured proper co-ordination in the state unit hit by factionalism. Thorat, known for maintaining a low profile, was first elected as an MLA from Sangamner in 1985 as an independent. In 1990, he contested Assembly poll on a Congress ticket and this is his eighth term as a legislator. He became a minister of state in 1999 and was promoted as a cabinet minister in 2004. The Congress legislature party leader has held revenue, agriculture, water conservation and protocol portfolios in the past. Nitin Raut: A key leader of the Congress from its erstwhile bastion of Vidarbha in eastern Maharashtra, Raut (62) is a four-term MLA. He is national chairman of the Congress's Scheduled Caste department and one of the working presidents of the party in Maharashtra. Hailing from Nagpur, Raut, too, comes with past experience in government. He has held animal husbandry, employment guarantee and water conservation departments so far.

A quick look at Uddhav Thackeray's cabinet as he heads a coalition government in Maharashtra

The <keyword id="6355512" type="General" weightage="20" keywordseo="Union-Cabinet" source="Orion">Union Cabinet</keyword> on Wednesday approved the much-anticipated <keyword id="8870884" type="General" weightage="20" keywordseo="production-linked-incentive" source="Orion">production linked incentive</keyword> (PLI) scheme for the textiles sector. Under the scheme incentives worth ₹10,683 crore will be provided over five years. According to the government, the move will especially positively impact states like Gujarat, <keyword id="6357713" type="General" weightage="20" keywordseo="Uttar-Pradesh" source="Orion">Uttar Pradesh</keyword>, <keyword id="13126" type="General" weightage="20" keywordseo="Maharashtra" source="Orion">Maharashtra</keyword>, Tamil Nadu, Punjab, Andhra Pradesh, Telangana, Odisha among others. The government expects investments of more than ₹19,000 crore into the sector during the five-year period. It is also expected to bring about additional production turnover of over ₹3 lakh crore during the period and create employment opportunities of over 7.5 lakh people directly and several lakhs more for supporting activities, as per the government. The government will give higher priority for investment in the aspirational districts and tier-3 cities. Industry participants have lauded the decision of the government. Apparel Export Promotion Council (AEPC) Chairman A. Sakthivel said that it will be a game changer for the Indian textile industry and will transform India's growth story. Sakthivel said that the scheme will result in fresh investment of gigantic proportions, expand manufacturing capacities and enhance exports multifold. "It will make India a key player in the global textile value chain with focus on high value MMF products. Besides, it will promote industrial development in backward regions of the country," he added. The focus of the <keyword id="8941225" type="General" weightage="20" keywordseo="PLI-SCHEME" source="Orion">PLI scheme</keyword> would be for the development of man-made fibre and technical fibre segments that are in high demand in advanced economies where India already has a big presence with its technical products. Commerce and Industry Minister Piyush Goyal said that fabric and garments made from these fibres would be a focus of the scheme so that world class facilities are built in the country. He also said that the government was also working on free trade agreements (FTAs) with advanced economies such as the UK, the US, EU that will help the country both ways to get requisition imports as well boost exports. FTA would also help the textile sector, the minister said, in getting a level playing field that faced unequal duties in some of these markets. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/vodafone-idea-and-airtel-stocks-fall-amid-reports-that-government-hasnt-discussed-proposal-for-a-telecom-relief-package/articleshow/86033281.cms">Vodafone Idea falls amid reports that government hasn’t discussed proposal for a telecom relief package</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/here-is-how-naukri-parent-info-edges-stock-went-up-23-in-the-last-one-month/articleshow/86032576.cms">Here is how Naukri parent Info Edge’s stock went up 23% in the last one month</a>

Union Cabinet approves PLI scheme worth ₹10,683 crore for textiles

The CPI, a key partner in the CPI(M)-led LDF, on Tuesday announced its nominees to be inducted in the second <keyword id="160686" type="PERSON" weightage="20" keywordseo="Pinarayi">Pinarayi</keyword> Vijayan-led <keyword id="26362" type="ORGANIZATION" weightage="20" keywordseo="Government">government</keyword> in Kerala. CPI state secretary <keyword id="1003253" type="PERSON" weightage="20" keywordseo="Kanam-Rajendran">Kanam Rajendran</keyword> said the party has decided to nominate its newly elected MLAs, K Rajan, P Prasad, J Chinchu Rani and G R Anil as ministers in the new government, while senior party leader and <keyword id="6390828" type="COMPANY" weightage="20" keywordseo="adoor">Adoor</keyword> MLA Chittayam Gopakumar as the deputy speaker. The decision was taken at the party's state council meeting held here on Tuesday, he said. The meeting also decided to appoint senior party leader and minister in the outgoing ministry, E Chandrasekharan, as its <keyword id="268015" type="COMPANY" weightage="20" keywordseo="legislature-party">legislature party</keyword> leader. The swearing-in ceremony of the new government would be held on May 20 at the central stadium here by adhering to COVID-19 protocol. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/facebooks-mark-zuckerberg-has-six-months-to-answer-these-five-questions/articleshow/82729482.cms">Facebook’s Mark Zuckerberg has six months to answer these five questions</a> <a href="https://www.businessinsider.in/cryptocurrency/news/indian-cryptocurrency-exchange-wazirx-has-listed-shiba-inu-tokens-for-trading-in-indian-rupees/articleshow/82731429.cms">WazirX has listed Shiba Inu — here's everything you need to know about the said Dogecoin killer</a> <a href="https://www.businessinsider.in/india/news/maharashtra-to-consider-staggered-reopening-depending-on-the-covid-19-cases-in-the-state/articleshow/82735056.cms">Maharashtra to consider staggered reopening depending on the COVID-19 cases in the state</a>

CPI announces its list of cabinet nominees in the Pinarayi Vijayan-led Left government in Kerala

The <keyword id="6356172" type="UNKNOWN" weightage="20" keywordseo="Maharashtra-government">Maharashtra government</keyword> is considering the option of reimbursing fees of students who would have benefited with <keyword id="6389157" type="PERSON" weightage="20" keywordseo="maratha">Maratha</keyword> reservation in admissions to medical colleges, state minister Amit Deshmukh said on Monday. Deshmukh, who is the state medical education minister, said his department will move a proposal in this regard before the state cabinet. The Supreme Court in September this year stayed the implementation of <keyword id="1643654" type="PERSON" weightage="20" keywordseo="Maratha-quota">Maratha quota</keyword> in jobs and education and referred the matter to a larger bench. The Maharashtra government later filed an application before a larger bench of the SC, seeking vacation of the stay on implementation of the quota. The state government is thinking of how students who have been affected by the Supreme Court's interim stay on implementation of Maratha quota can be given relief in admissions to medical education, Deshmukh told a TV channel. Asked if the government will reimburse their fees, he said, "...this (reimbursing fees) could be an option and the proposal will be moved before the cabinet by the medical education department." "Chief Minister Uddhav Thackeray ji will take a final call on the same after the cabinet discusses it," he said. Deshmukh also said the Maha Vikas Aghadi government -- comprising the Shiv Sena, NCP and Congress -- is committed to ensure that Maratha community students do not suffer. The Supreme Court in September stayed the implementation of 2018 Maharashtra law granting reservation to Marathas in education and jobs, but made it clear that the status of those who have availed of the benefits will not be disturbed. The Socially and Educationally Backward Classes (SEBC) Act, 2018 was enacted to grant reservation to people of Maratha community in Maharashtra in jobs and admissions. The Bombay High Court, while upholding the law in June last year, held that 16 per cent reservation was not justifiable, and said quota should not exceed 12 per cent in employment and 13 per cent in admissions.

Maharashtra government might reimburse fees of students after SC stay on Maratha quota

<ul><li>Indian Finance Minister, <keyword id="129243" type="PERSON" weightage="20" keywordseo="Nirmala-Sitharaman">Nirmala Sitharaman</keyword>, has announced a ban on e-cigarettes in India. </li><li>She said e-cigarettes are being used as a 'style statement' rather than a tool to quit smoking.</li><li>The ban is subject to approval from the Indian parliament.</li></ul> Indian Finance Minister and cabinet member, Nirmala Sitharam, announced a total ban on every aspect of e-cigarettes in the country. "Production, manufacturing, import, export, transport, sale, distribution, storage and advertisements related to e-cigarettes are all banned in India. It is banned in all these nine forms," stated Sitharam during the cabinet briefing. She said that the decision is being taken in lieu of the seven deaths, which occurred in the US over the past week, directly linked to the use of e-cigarettes. <div type="twitter" handle="PIB_India" handlename="PIB India" image="http://pbs.twimg.com/profile_images/974552536408444928/TVZG_9jP_normal.jpg" favoritecount="104" retweetcount="38" status="#UnionCabinet approves the promulgation of the prohibition of E-Cigarettes Ordinance, 2019. The decision to prohib… https://t.co/DF4OUMqGGa" createdat="1568800703000" id="1174261375339827201"></div>

 "The cabinet, rightly, thought it's time to immediately take a decision so that the health of our youth and citizens is not risked," said Sitharam. E-cigarettes are a 'style statement' A large number of e-cigarette models are available in the market today. However, none of them are produced in India. The government believes that are currently over 400 brands of e-cigarettes in the country available in over 150 flavours. The varieties on offer tend to make people try them due to the 'cool' factor, rather than the devices being used for their original purpose, which is to help people quit smoking. "In India, ground reports say that e-cigs are being used as a 'style statement'," said Sitharaman. "Reports say many people are not using it to quit smoking but actually smoking cigarettes as well as e-cigarettes, if they're already smokers. Some are getting into the habit because it seems cool," she explained. Passive smoking E-cigarettes were banned as they are not only harmful to the user and those around them. The fact that're odourless makes even more dangerous, according to Sitharaman. "The smoke exhaled by a user of e-cigarettes, contains a high level of residual nicotine, which for people around standing as passive smokers — it will affect them too," she said. While the cabinet approved the ban, it is subject to approval from the government. The ordinance advises the government to analyse the impact of e-cigarettes on people and their health. The cabinet will take the matter forward during the next session of parliament.

Cabinet bans e-cigarettes which are 'harmful' and a 'style statement'

New Delhi, Feb 5 () The government on Wednesday approved setting up a new major port at Vadhavan near Dahanu in Maharashtra at a cost of Rs 65,544.54 crore.The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi."Cabinet gives in-principle approval for setting up a new Major Port at Vadhavan in Maharashtra. Total cost of the project is likely to be Rs 65,544.54 crore," an official statement said.Vadhavan port will be developed on landlord model, it said, adding a special purpose vehicle (SPV) will also be formed with Jawaharlal Nehru Port Trust (JNPT) as the lead partner with equity participation equal to or more than 50 per cent to implement the project.The SPV, the statement said, will develop the port infrastructure, including reclamation, construction of breakwater, besides establishing connectivity to the hinterland, and all the business activities will be undertaken under public private partnership (PPP) by private developers.The position of JN Port, the biggest container port in India, is 28th in the world with a traffic of 5.1 million TEUs (Twenty-Foot Equivalent Units).Even after the completion of 4th terminal at JN Port with a capacity increase up to 10 million TEUs by 2023, it will stand as the 17th largest container port in the world."With the development of Vadhavan port, India will break into the countries with top 10 container ports in the world," it said.The ever increasing size of container ships makes it imperative that a deep draft container port in West Coast of India is developed.Increasing containerization of cargo in the wake of value-added manufacturing sector makes it important to prepare our port infrastructure for handling import and export to facilitate manufacturing activity.Container traffic in the JNPT hinterland is expected to grow from 4.5 MTEUs currently to 10.1 MTEUs by 2022-25 when JNPT's potential will be fully exhausted.The demand for container traffic will further accelerate after the plans for improving logistic infrastructure fructify and the 'Make in India' push drives greater exports and manufacture sourcing to India. ABI BAL

You Searched For "maharashtra government cabinet" and got 9 results

Over 23 lakh govt employees under NPS get option to choose unified pension scheme

PTI

Cabinet approves hike in sugarcane FRP by ₹25 to ₹340 per quintal for 2024-25 season

PTI

Maha crisis: Uddhav Thackeray government to face floor test tomorrow

IANS

A quick look at Uddhav Thackeray's cabinet as he heads a coalition government in Maharashtra

PTI

Union Cabinet approves PLI scheme worth ₹10,683 crore for textiles

IANS

CPI announces its list of cabinet nominees in the Pinarayi Vijayan-led Left government in Kerala

PTI

Maharashtra government might reimburse fees of students after SC stay on Maratha quota

IANS

Cabinet bans e-cigarettes which are 'harmful' and a 'style statement'

Prabhjote Gill

Cabinet approves setting up a major port in Maharashtra at a cost of Rs 65,000 cr

PTI

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