Unified Pension Scheme: Why UPS could be negative for PSU banks
The UPS will cost the central government ₹6,250 crore for 2.3 million employees and an additional ₹800 crore to clear arrears, amounting to ₹7,050 crore.
The UPS will cost the central government ₹6,250 crore for 2.3 million employees and an additional ₹800 crore to clear arrears, amounting to ₹7,050 crore.
The development comes at a time when Congress-ruled states like Himachal Pradesh, Chhattisgarh and Rajasthan have opted to roll out the old pension scheme.