TAG: UPS
DAX Index Today: Private Sector PMIs, ECB Rate Cut Speculations, and Earnings
The Overview of the DAX PerformanceThe DAX advanced by 0.70% on Monday (April 22). Reversing a 0.56% loss from Friday (April 19), the DAX ended the session at 17,861.Eurozone Consumer Confidence and ECB Rate Cut PlansConsumer confidence across the Eurozon...
5 months ago
Hang Seng Index, Nikkei Index, ASX 200: Aussie Inflation Puts the ASX in Focus
US Equity Markets: Services PMI and Corporate EarningsOn Tuesday, preliminary US private sector PMI numbers warranted investor attention. The S&P Global Services PMI decreased from 51.7 to 50.9 in April. Moreover, the S&P Global Manufacturing PMI...
5 months ago
Central government pension spending to rise by double digits in FY26
The implementation of the Unified Pension Scheme by the central government from the next fiscal will likely increase the pension bill (excluding defence and railway pensions) by double-digits for the first time post-pandemic, according to a Moneycontrol a...
1 month ago
11% return on the pension corpus would mean no additional burden for the government
The government would not have to incur any additional expenditure of guaranteeing 50 percent of the last 12-month average basic pay as a pension if it can ensure an 11.5 percent return on its corpus, which comprises contributions from both the government...
1 month ago
Unified Pension Scheme balances fiscal cost and aspirations of employees: Economists
The Unified Pension Scheme (UPS) cleared by Cabinet balances out the fiscal cost and aspirations of employees through an assured return and all the central government employees will quickly shift to it, economists said.“UPS balances aspirations of governm...
1 month ago
Unified Pension Scheme not a rollback of NPS, asserts Sitharaman
The newly announced Unified Pension Scheme (UPS) is not a rollback of the National Pension System (NPS), rather an improvement designed to address certain challenges while retaining its core benefits, Finance Minister Nirmala Sitharaman said."Unified Pens...
1 month ago