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Old Pension Scheme (OPS)
Old Pension Scheme (OPS) in India was abolished as a part of pension reforms by Union Government. Repealed from 1 January 2004, it had a defined-benefit (DB) pension of half the Last Pay Drawn (LPD) at the time of retirement along with components like Dearness Allowances (DA) etc. OPS was a unfunded pension scheme financed on a pay-as-you-go (PAYG) basis in which current revenues of the government funded the pension benefit for its retired employees. Old Pension Scheme was replaced by a restructured defined-contribution (DC) pension scheme called the National Pension System. The Union Government's pension liabilities in Budget Estimate 2022-2023 on account of Old Pension Scheme for existing retirees is Rupees 2.07 lakh crore. The cost of pension for all State Government's combined Budget Estimate 2022-2023 is 4,63,436.9 Crores. History The practice of pension payment to retired employees is evident in Colonial India since 1881. OPS has its origins since British rule when the Roy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of India
The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, consisting of 28 union states and eight union territories. Under the Constitution, there are three primary branches of government: the legislative, the executive and the judiciary, whose powers are vested in a bicameral Parliament, President, aided by the Council of Ministers, and the Supreme Court respectively. Through judicial evolution, the Parliament has lost its sovereignty as its amendments to the Constitution are subject to judicial intervention. Judicial appointments in India are unique in that the executive or legislature have negligible say. Etymology and history The Government of India Act 1833, passed by the British parliament, is the first such act of law with the epithet "Government of India". Basic structure The gover ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Education (India)
The Ministry of Education ( MoE; formerly the Ministry of Human Resource Development from 1985 to 2020) is a ministry of the Government of India, responsible for the implementation of the National Policy on Education. The Ministry is further divided into two departments: the Department of School Education and Literacy, which deals with primary, secondary and higher secondary education, adult education and literacy, and the Department of Higher Education, which deals with university level education, technical education, scholarships, etc. The current education minister is Dharmendra Pradhan, a member of the Council of Ministers. India had the Ministry of Education since 1947. In 1985, Rajiv Gandhi government changed its name to Ministry of Human Resource Development (MHRD) and with the public announcement of newly drafted "National Education Policy 2020" by the Narendra Modi government, Ministry of Human Resource Development was renamed back to Ministry of Education. Policy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panchayati Raj In India
Panchayati Raj (Council of five officials) is the system of local self-government of villages in rural India as opposed to urban and suburban municipalities. It consists of the Panchayati Raj Institutions (PRIs) through which the self-government of villages is realized. They are tasked with "economic development, strengthening social justice and implementation of Central and State Government Schemes including those 29 subjects listed in the Eleventh Schedule." Part IX of the Indian Constitution is the section of the Constitution relating to the Panchayats. It stipulates that in states or Union Territories with more than two million inhabitants there are three levels of PRIs: *the Gram Panchayats at village level *the Mandal Parishad or Block ''Samiti'' or Panchayat Samiti at block level and *the Zila Parishad at district level. In states or Union Territories with less than two million inhabitants there are only two levels of PRIs. The Gram Sabha consists of all registere ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Municipal Corporation (India)
A municipal corporation is a type of local government in India that administers urban areas with a population of more than one million. The growing population and urbanization of various Indian cities highlighted the need for a type of local governing body that could provide services such as healthcare, education, housing and transport by collecting property taxes and administering grants from the state government. The Municipal corporation carries out its function through well organized divisions or departments. For example water supply and sewage disposal Undertaking, Housing Board, Education Department and Electricity Department. Each of these Departments are looked after by experienced and qualified persons. The 74th Amendment Act defined the formations of urban local governments and their activities. Other names for municipal corporations Municipal corporations are referred to by different names in different states (due to regional language variations), all of which are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Press Trust Of India
The Press Trust of India Ltd., commonly known as PTI, is the largest news agency in India. It is headquartered in New Delhi and is a nonprofit cooperative among more than 500 Indian newspapers. It has over 500 full-time employees , including about 400 journalists. It also has nearly 400 part-time correspondents in most of the district headquarters of the country. PTI also has correspondents in major capitals and important business centres around the world. It took over the operations of the Associated Press of India from Reuters in 1948–49.About PTI Press Trust of India, retrieved 14 March 2017. It provides news coverage and information of the region in both English and . Overview ...
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Supreme Court Of India
The Supreme Court of India ( IAST: ) is the supreme judicial authority of India and is the highest court of the Republic of India under the constitution. It is the most senior constitutional court, has the final decision in all legal matters except for personal laws and interstate river disputes, and also has the power of judicial review. The Chief Justice of India is the Head and Chief Judge of the Supreme Court, which consists of a maximum of 34 judges, and has extensive powers in the form of original, appellate and advisory jurisdictions. New judges here are uniquely nominated by existing judges and other branches of government have neglible say as the court follows collegium system for appointments. As the apex and most powerful constitutional court in India, it takes up appeals primarily against verdicts of the High Courts of various states of the Union and other courts and tribunals. It is required to safeguard the fundamental rights of citizens and settles dispute ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Budget Of India
The Union Budget of India, also referred to as the ''Annual Financial Statement'' in Article 112 of the Constitution of India, is the annual budget of the Republic of India. The Government presents it on the first day of February so that it could be materialised before the beginning of new financial year in April. Until 2016 it was presented on the last working day of February by the Finance minister, Finance Minister in Parliament of India, Parliament. The budget division of the department of economic affairs (DEA) in the finance ministry is the nodal body responsible for producing the budget. It is presented by means of the Finance bill and the Appropriation bill has to be passed by Lok Sabha before it can come into effect on 1 April, the start of India's financial year. An interim budget is not the same as a 'Vote on Account'. While a 'Vote on Account' deals only with the expenditure side of the government's budget. An interim budget is a complete set of accounts, including bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Democratic Alliance
National Democratic Alliance (NDA) () is a Centre-right politics, centre-right to Right-wing politics, right-wing and Conservatism, conservative Indian big tent political alliance led by the right-wing Bharatiya Janata Party (BJP). It was founded in 1998 and currently controls the government of India as well as the government of 15 States and union territories of India, Indian states, and 1 Union territory, Union Territories. Its first chairman was Prime Minister Atal Bihari Vajpayee. L. K. Advani, the former Deputy Prime Minister of India, Deputy Prime Minister, took over as chairman in 2004 and served until 2014, and Amit Shah has been the chairman since 2014. The coalition ruled from 1998 to 2004. The alliance returned to power in the 2014 Indian general election, 2014 general elections with a combined vote share of 38.5%. Its leader Narendra Modi was sworn in as Prime Minister of India on 26 May 2014. In the 2019 Indian general election, 2019 general election, the alliance ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bharatiya Janata Party
The Bharatiya Janata Party (BJP; ; ) is a political party in India, and one of the two major Indian political parties alongside the Indian National Congress. Since 2014, it has been the ruling political party in India under Narendra Modi, the incumbent Indian prime minister. The BJP is aligned with right-wing politics, and its policies have historically reflected a traditional Hindu nationalist ideology; it has close ideological and organisational links to the Rashtriya Swayamsevak Sangh (RSS). , it is the country's largest political party in terms of representation in the Parliament of India as well as state legislatures. The party's origins lie in the Bharatiya Jana Sangh, which was founded in 1951 by Indian politician Shyama Prasad Mukherjee. After The Emergency of 1975–1977, the Jana Sangh merged with several other political parties to form the Janata Party; it defeated the then-incumbent Indian National Congress in the 1977 general election. After three years in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament Of India
The Parliament of India (International Alphabet of Sanskrit Transliteration, IAST: ) is the supreme legislative body of the Republic of India. It is a bicameralism, bicameral legislature composed of the president of India and two houses: the Rajya Sabha (Council of States) and the Lok Sabha (House of the People). The president in his role as head of the legislature has full powers to summon and prorogue either house of Parliament or to dissolve the Lok Sabha. The president can exercise these powers only upon the advice of the prime minister of India, prime minister and his Union Council of Ministers. Those elected or nominated (by the president) to either house of Parliament are referred to as member of Parliament (India), members of Parliament (MPs). The member of Parliament, Lok Sabha, members of parliament of the Lok Sabha are direct election, directly elected by the Indian public voting in single-member districts and the member of Parliament, Rajya Sabha, members of parliam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Progressive Alliance
United Progressive Alliance (UPA) is a centre-left political alliance of predominantly left-leaning political parties in India. It was formed after the 2004 general election with support from left-leaning political parties when no single party got the majority. UPA ruled India from 2004 till 2014. The largest party in UPA is Indian National Congress (INC). History 2004–2008 UPA was formed soon after the 2004 general elections when no party had won a majority. The then ruling Bharatiya Janata Party-led National Democratic Alliance (NDA) won 181 seats of 544, as opposed to the UPA's tally of 218 seats. The Left Front with 59 MPs (excluding the speaker of the Lok Sabha), the Samajwadi Party with 39 MPs and the Bahujan Samaj Party with 19 MPs were other significant blocks that supported UPA at various times. UPA did not achieve a majority, rather it relied on external support, similar to the formula adopted by the previous minority governments of the United Front, the NDA ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
