💨 Abstract

The Union Budget is approaching, and suggestions are made for improvements in India's pension system. The government should clarify details of the upcoming Unified Pension Scheme (UPS) to avoid confusion with the National Pension Scheme (NPS). The Employees' Provident Fund (EPF) provides assured returns while NPS returns are market-linked. The government could clarify provisions for employees to choose between the EPF and NPS.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖