FINANCE

KEY POINTS: • ASSURED PENSION: 50% of average basic pay drawn over the last 12 months before retirement, with a minimum service period of 25 years. • PROPORTIONATE PENSION: For shorter service periods, with a minimum pension of Rs 10,000 per month after 10 years of service. • FAMILY PENSION: 60% of the employee's pension upon their demise, ensuring continued support for loved ones. • INFLATION INDEXATION: Pension adjusted according to inflation, ensuring the value of the pension remains intact. • LUMP SUM PAYMENT: A one-time payment at superannuation, providing a financial boost. • 23 LAKH BENEFICIARIES: Approximately 23 lakh central government employees will benefit from this scheme. • IMPROVED RETIREE LIFE: Enhanced financial security and peace of mind for retirees.

It took decades of struggle, rivers of blood, and countless sacrifices to win our freedom  🇮🇳🚨  On this 78th Independence Day, as we honour our past, we must also face the truths that will shape our future.  Let us not stay silent about the real issues. Ignoring them won’t unite us. Only by acknowledging, addressing, and hearing them out can we truly come together!  Before reading further, please note, this isn't to criticise anyone. Leave political affiliations aside & read with an open mind. ‘Wealth Inequality’ The combined wealth of the richest 100 Indians is greater than the total wealth of 60 crore Indians. The wealthiest 1% now control a staggering 40% of the nation’s wealth, while 50% of Indians own just 13% of it.  This is one of the biggest challenges and is also among the top five risks identified by the World Economic Forum’s Executive Opinion Survey 2024. Addressing this in a vast country like ours is still a significant question. We need to f...