Unified Pension Scheme and its Economic Implications

The Uttar Pradesh Chief Minister praised the Union Cabinet's approval of the Unified Pension Scheme, which promises 50% of salary as pension for 23 lakh government employees. Additionally, he lauded the 'Vigyan Dhara' and 'BioE3 Policy' for advancing research, promoting gender parity in science, and fostering a robust bioeconomy.

The Uttar Pradesh Chief Minister on Saturday lauded the Union Cabinet's endorsement of the Unified Pension Scheme (UPS), highlighting its provision of 'economic security' and a promising future for the nation. The UPS guarantees 50% of salary as pension for 23 lakh government employees under the National Pension System.

In addition, the Chief Minister praised the cabinet's approval of the 'Vigyan Dhara' scheme, aimed at enhancing research and promoting gender parity in science. The 'BioE3 Policy' was also welcomed for its focus on innovation, supporting startups, and fostering a strong bioeconomy with the goal of 'Net Zero' carbon footprint.

Describing the UPS as a 'revolutionary decision,' the Chief Minister celebrated its potential to transform the lives of government employees, ensuring economic security and a brighter future under the leadership of Prime Minister Narendra Modi. He expressed his heartfelt gratitude to the Prime Minister for his dedication to improving the lives of India's populace.

(With inputs from agencies.)