India News | UPS a New Scheme, Not Rollback as Claimed by Congress, Says Finance Minister
Get latest articles and stories on India at LatestLY. Accusing Congress of spreading misinformation, Finance Minister Nirmala Sitharaman on Tuesday said the newly launched UPS is a new pension scheme and not a rollback.
New Delhi, Aug 27 (PTI) Accusing Congress of spreading misinformation, Finance Minister Nirmala Sitharaman on Tuesday said the newly launched UPS is a new pension scheme and not a rollback.
"It is not a rollback... it is different from OPS (Old Pension Scheme) and NPS (National Pension System). It is clearly a new package," she said, adding, the Unified Pension Scheme (UPS) is better and will satisfy most government employees.
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UPS is tailored in such a fashion that every calculation fits and even the government is not burdened too much, she said.
She expressed hope that most of the states would adopt UPS "as it has a lot of benefits for employees".
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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)