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Hindustan Times
6 days ago
- Politics
- Hindustan Times
PM Surya Ghar Yojana: Solar panel system to be installed at houses of local public reps soon
In a bid to promote use of solar energy among people under the PM Surya Ghar Yojana, the district administration has decided to install solar panel systems at the houses of local public representatives in the first phase. (Pic for representation) They would include village heads (gram pradhans), members of the block development councils (kshetra panchayats), gram panchayat members and district panchayat members, said Prayagraj district development officer (DDO) GP Kushwaha who issued directives in this regard on June 20. 'The move aims to encourage wider participation in the scheme, especially in rural areas where adoption remains low despite government subsidies,' he added. The state government is emphasising the use of natural sources of energy. Under the PM Surya Ghar Yojana, people get solar panel systems at subsidised rates. Despite all efforts, people in rural areas are not getting it installed in large numbers as was expected. In view of this, people are now being motivated to install solar panels in every house, said officials. The DDO has asked all the block development officers (BDOs) to motivate rural public representatives to install solar panels in the first phase, so that other people also get inspired to install it at their places. The BDOs have also been asked to develop a model village in every block where solar panels should be installed in every house so that other villages nearby are also inspired to follow suit, said officials. Currently, the district has 1,540 pradhans, 84 district panchayat members, 2,084 area panchayat members and 19,820 gram panchayat members who would all be motivated to install the solar panel systems in their homes as part of this scheme, they added. Project officer, Uttar Pradesh New and Renewable Energy Development Agency at Prayagraj, Shahid Siddiqui said so far, 4,757 solar power systems have been installed in the district while 11,136 applications have been received and are being processed. So far, 4,383 people have been granted subsidies by the government that includes ₹ 90,000 for 2KW and ₹ 1.08 lakh for 3 KW systems that are installed by the state government selected vendors under the scheme. The Government of India approved the PM Surya Ghar: Muft Bijli Yojana on February 29, 2024 to increase the share of solar rooftop capacity and empower residential households for generation and optimum utilisation of green energy.
India Today
27-05-2025
- Business
- India Today
Retired before March 2025? Don't miss UPS benefits for you or your spouse
The National Pension System (NPS) Trust has announced that retired employees or their spouses who retired on or before March 31, 2025, are eligible to claim benefits under the Unified Pension Scheme (UPS). The claim deadline is June 30, IS UPS?Introduced by the Central Government on April 1, 2025, the UPS provides additional benefits to those who have completed at least 10 years of qualifying service in the Central Government and their legally wedded spouses. According to the NPS, these benefits are available without having to surrender existing NPS benefits, including BENEFITS DOES UPS OFFER?The UPS offers a one-time lumpsum payment, equivalent to one-tenth of the last drawn basic pay and dearness allowance for every completed six months of qualifying service. Additionally, a monthly top-up is provided, calculated by factoring in the admissible UPS payout and dearness relief, subtracting the annuity amount under NPS. Simple interest, aligned with public provident fund rates, is also applied to any arrears related to these benefits. This ensures that retirees receive a fair amount that reflects their service and TO CLAIM BENEFITS?To claim these benefits, retirees or their spouses must submit the completed forms to the relevant Drawing and Disbursing Officer (DDO).Forms B2 are required for subscribers, while B4 or B6 are needed for legally wedded spouses. These forms can be downloaded from the NPS website. The process is straightforward, ensuring that retirees can access their benefits without unnecessary those preferring an online process, claimants can visit the NPS website and fill out the forms online, which are then processed by the DDO. This offers a convenient alternative to in-person submissions, making the process more accessible for everyone TO HELP RETIREESThe Pension Fund Regulatory and Development Authority (PFRDA) is actively engaging with the public by conducting regular webinars on UPS via their website. These sessions aim to clarify any doubts and provide guidance on the claiming process, underlining the authority's commitment to facilitating smooth access to pension benefits. These webinars are an excellent resource for retirees seeking more important for eligible retirees and their spouses to ensure that they meet the requirements and submit their claims before the deadline to take full advantage of these benefits. The initiative underscores the government's effort to improve financial security for retired employees, ensuring that they are well-supported in their post-retirement UPS aims to enhance the financial well-being of past retirees by offering substantial benefits without affecting their existing NPS entitlements. This initiative is a significant step towards ensuring sustained support for retirees in managing post-retirement financial needs, providing peace of mind and financial stability.
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Business Standard
27-05-2025
- Business
- Business Standard
Extra pension perks? UPS has something for NPS retirees and spouses
The Pension Fund Regulatory and Development Authority (PFRDA) has announced benefits under the Unified Pension Scheme (UPS) for central government employees who retired under the National Pension System (NPS) on or before March 31, 2025. These benefits also extend to their spouses. Who is eligible for Unified Pension Scheme (UPS)? According to a recent notification by the Department of Financial Services and UPS Regulations, 2025: The scheme covers Central Government employees who retired on or before March 31, 2025. They must have completed a minimum of 10 years of qualifying service, 'Legally wedded' spouses of such retirees are also eligible for the benefits. These UPS benefits are over and above the existing NPS entitlements, including annuities. Key benefits under Unified Pension Scheme (UPS) A one-time payout equivalent to one-tenth of the last drawn basic pay plus dearness allowance (DA) for each completed six months of qualifying service. Monthly top-up amount A fixed monthly benefit calculated as: (Admissible UPS payout + dearness relief) – Representative annuity amount under NPS. Interest on arrears Simple interest will be paid on arrears of the above amounts, calculated at the applicable Public Provident Fund (PPF) rates. Note: Sample calculations are available in Schedule VII of the PFRDA UPS Regulations, 2025. How to claim benefits of Unified Pension Scheme (UPS) Applicants can choose between physical or online modes: Offline submission Download the relevant form (Form B2 for subscribers, B4/B6 for spouses) from Submit the completed form to the Drawing and Disbursing Officer (DDO) of the office where the subscriber last served. Online submission Visit the same website Fill and submit the online form directly to the DDO for processing. Important deadline for Unified Pension Scheme (UPS) Application Window: April 1, 2025 to June 30, 2025 No claims will be accepted after this period. PFRDA conducts webinars to help retirees and their families understand the scheme better. Details are available on the official PFRDA website.
Time of India
26-05-2025
- Business
- Time of India
UPS benefits announced for these retired govt employees and their spouses: Know how to claim UPS benefits, deadline to apply
Tired of too many ads? Remove Ads Unified Pension Scheme Tired of too many ads? Remove Ads Lumpsum payment (one-time) Monthly top-up amounts Simple interest on arrears Tired of too many ads? Remove Ads The Pension Fund Regulatory and Development Authority ( PFRDA ) has introduced the Unified Pension Scheme (UPS) to provide additional benefits to subscribers who retired under the National Pension System (NPS) on or before March 31, 2025, and their legally wedded Unified Pension Scheme (UPS) is introduced by the Central Government as an option under the National Pension System (NPS) for Central Government employees with effect from 1st April 2025. The UPS provides assured pay-out based on the prescribed UPS was notified by the Department of Financial Services, Ministry of Finance, under notification F. No. FX1/3/2024-PR, dated January 24, 2025. Subsequently, PFRDA issued the UPS Regulations, 2025, on March 19, 2025, to operationalize the scheme. These regulations extend specific benefits to eligible NPS retirees and their spouses, supplementing the benefits already accrued under NPS, including annuity offering a one-time lumpsum payment, monthly top-up amounts, and interest on arrears, the UPS complements existing NPS benefits. Eligible retirees and their spouses are encouraged to act promptly within the claim period (April 1, 2025, to June 30, 2025) and utilize the resources provided by PFRDA to ensure a smooth claim following UPS benefits are available to such subscribers/their legally wedded spouses. These benefits are available in addition to the benefits availed or accrued to such employees under NPS including annuity.A one-time lumpsum payment equivalent to one-tenth of the last drawn basic pay plus dearness allowance (DA) for each completed six months of qualifying service. This amount is payable as of the date of superannuation, voluntary retirement, or retirement under Fundamental Rules 56(j), as applicable.A monthly top-up amount is calculated as follows:Admissible UPS payout + Dearness Relief (DR) – Representative annuity amount under ensures that retirees receive a supplementary pension to bridge any gap between NPS annuity payouts and UPS interest, calculated at the applicable Public Provident Fund (PPF) rates, will be applied to arrears for the above benefits for the past subscriber or spouse, as appropriate, must deliver the completed relevant Form (B2-for the subscriber and B4/B6-for the legally married spouse) to the relevant Drawing and Disbursing Office (DDO) where the subscriber has subscriber or the spouse need to visit and fill the online form and submit the same through online mode to DDO for their is the last date to claim UPS benefits?Timelines to claim the benefits are from April 1, 2025 to June 30, Central Government employees who retired under the NPS on or before March 31, 2025, and completed at least 10 years of qualifying service, are eligible. Their legally wedded spouses are also entitled to claim the retirees and/or their spouses will receive:A one-time lump sum payment based on last drawn pay and DA.A monthly top-up amount to supplement NPS on arrears, calculated using the applicable PPF interest lump sum is equal to one-tenth of the last drawn basic pay + DA for each completed 6 months of qualifying service at the time of is the difference between the UPS pension entitlement (plus dearness relief) and the annuity received under NPS. This amount is paid These are additional benefits on top of what is already received through the NPS, including the annuity.
Mint
26-05-2025
- Business
- Mint
National pension scheme: Retired on or before March 2025? Here's how to claim UPS benefits for yourself or spouse
The National Pension System (NPS) Trust has on May 26 put out a public notice regarding UPS benefits for subscribers who have retired under NPS on or before March 31, 2025. This is valid for self or their legally wedded spouse, it added. Notably, the last date or deadline to claim these benefits is June 30, 2025. 'The Pension Fund Regulatory and Development Authority (PFRDA) is conducting regular webinar on UPS via website,' the notice, dated May 26, 2025, said. 'Unified Pension Scheme (UPS) introduced by central government, effective from 1 April 2025, are available to past retirees also (those subscribers who retired on or before 31/03/2025 and had completed a minimum 10 years of qualifying service in Central Govt.) and for their legally wedded spouse,' the notice stated. It added that the additional UPS benefits are available to the retired employees or pouse under NPS, 'and they need not to necessarily surrender the benefits availed under NPS including annuity'. Lumpsum payment (one time) one-tenth of last drawn basic pay and dearness allowance thereon, for each completed six months of qualifying service. Monthly Top-up amount, which is calculated based on admissible UPS payout and dearness relief (DR), minus the representative annuity amount under NPS. Simple interest as per applicable public provident fund (PPF) rates on arrears with respect to above benefits for the past period. Physical mode: If you want to go in person, the claimant is required to submit the filled in applicable Form to the concerned Drawing and Disbursing Officer (DDO) from where the subscriber (you / spouse) has retired. The forms are: B2 for subscriber and B4 or B6 for the legally wedded spouse. These forms can be downloaded from Online mode: If claimants (you / spouse) want to conduct the process online, visit the following website: Once on the website, fill the online form and submit the same through online mode to DDO for their processing.
