ALL PDFs for 2 YearsALL PDFs for 1 YearCurrent Affairs for UPSC 2025Current Affairs for UPSC 2026Prelims 2025 Test SeriesEnvironment Video Course
Last updated on September 20, 2024 9:00 PM
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PMF IAS Telegram Channel | 53 MCQs in Prelims 2024 From PMF IAS
Eustachius de Lannoy
Martanda Varma
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Aspirational District Programme (ADP)
Champions of Change
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Cervical Cancer
Cervavac
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Other countries in the South China Sea claim the area which is included in the nine-dash line.
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Features | Old Pension Scheme | New Pension Scheme |
Introduction | It was introduced in the 1950s. | It was introduced in 2004. |
Eligibility | Only government employees who have completed at least ten years of service are eligible. | It was started for government employees, but in 2009, GoI extended the scope to all citizens between 18-60 years (including NRIs). |
Contributions | This scheme does not require any employee contributions. | Employees contribute 10% of their base pay, while their employers can contribute up to 14%. |
Return | Government employees are entitled to receive 50% of their last drawn basic salary plus a dearness allowance upon retirement. | 60% lump sum after retirement and 40% invested in annuities. |
Tax Benefits | Income is not subject to taxation. | 60% of the corpus on maturity is tax-free, while the remaining 40% is taxable when invested in annuities. |
Flexibility | It does not have much flexibility as it provides a fixed monthly income. | The subscribers can choose their asset allocation, allowing them to generate higher returns and build a larger retirement corpus. |
Return Certainty | It provides return certainty, as it is based on the last wage received by the employee. | It offers market-linked returns. Subscribers can benefit from market-linked returns without any guarantee of returns. |
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Manas National Park and Tiger Reserve
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Microplastics
Tax on online gaming
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Berne Convention
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Cognisable offence | Non-cognisable offence |
Police can begin investigations into allegations of copyright infringement upon receiving a complaint. | Police can begin investigations only after a judicial magistrate has taken cognisance of the offence and directed them to do so. |
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