Burning Questions: Union Cabinet Approves Unified Pension Scheme | Oppn Calls The Move 'An Eyewash'
In a significant policy shift, the Union Cabinet has approved the Unified Pension Scheme (UPS), marking a major overhaul of the existing pension system. The Modi government has touted the new scheme as a step forward in ensuring financial security for retirees. However, the opposition has dismissed the move as "an eyewash," arguing that the new scheme falls short of addressing key concerns.
The Congress party has been particularly vocal, demanding a return to the Old Pension Scheme (OPS), which they believe offers a more secure and predictable retirement benefit. As the political battle heats up, the approval of UPS is set to become a contentious issue in the ongoing debate over pension reforms.
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