Is it the Coalition Effect or Has a Deeper Significance Underlying
Unified Pension Scheme (UPS) Introduced in India
But, is it for Better or Worse?
Let's Find Out
A Thread 🧵
India’s new Unified Pension Scheme (UPS) is a big change for the better in how people save for retirement. It’s like putting all the different pension plans into one big pot to make things easier and more secure for everyone who works.
Here’s what the UPS is all about:
- Assured Pension: If you’ve worked for at least 25 years, you’ll get half of your average salary from the last year as a pension. If you’ve worked less, you’ll still get a part of it.
- Family Pension: If something happens to you, your family will get 60% of your pension to help them out.
- Minimum Pension: Everyone will get at least ₹10,000 every month after retiring if they’ve worked for 10 years or more.
- Inflation Protection: Your pension will go up a bit each year to keep up with the cost of living.
- Extra Lump-Sum: When you retire, you’ll get a one-time payment along with your pension, which is a bit of your salary for every six months you’ve worked.
Indian Women are Flipping the Script on Marriage Timelines!
What's Reasons Behind this Trend?
A Thread 🧵
Introduction
In recent years, there has been a noticeable shift in the age at which women choose to marry and start a family. This global trend is also evident in India, where societal norms and expectations are evolving.
Global Trends
- Delayed Parenthood: Across the globe, women are opting to have children later in life. In the U.S., the average first-time mother was over 27 years old in 2022.
- Educational and Career Priorities: Women are prioritising education and careers, leading to a postponement of marriage and childbirth.
Why We Don’t Need Reservations For Lateral Entry in UPSC?
Great Opportunity to Become Joint Secretary and Deputy Secretary in Govt of India in Biggest Ever Recruitment Notification by UPSC
Opposition Slams it as Being Unfair
Can Specialists Really Do Better than Career Bureaucrats?
What are the Issues?
A Thread 🧵
What is Lateral Entry?
- Definition: Lateral entry refers to recruiting professionals and Experts from the private sector and other non-governmental sectors into senior positions within the government.
- Purpose: The aim is to bring in fresh talent with specialised knowledge to enhance the efficiency of government services.
NITI Aayog’s Recommendation
- Action Agenda: NITI Aayog’s three-year Action Agenda included the proposal for lateral entry.
- Sectoral Group of Secretaries: Their report in February 2017 supported the induction of external talent at middle and senior management levels.