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Old Pension Scheme
Old Pension Scheme (OPS) in India was abolished as a part of pension reforms by Government of India, Union Government. Repealed from 1 January 2004, it had a Defined benefit pension plan, defined-benefit (DB) pension of half the Last Pay Drawn (LPD) at the time of retirement along with components like Dearness allowance, Dearness Allowances (DA) etc. OPS was an 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 ₹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 Coloni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of India
The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union territories of India, 36 states and union territories. The government is led by the president of India (currently ) who largely exercises the executive powers, and selects the Prime Minister of India, prime minister of India and other ministers for aid and advice. Government has been formed by the The prime minister and their senior ministers belong to the Union Council of Ministers, its executive decision-making committee being the Cabinet (government), cabinet. The government, seated in New Delhi, has three primary branches: the legislature, the executive and the judiciary, whose powers are vested in bicameral Parliament of India, Union Council of Ministers (headed by prime minister), and the Supreme Court of India respectively, with a p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Education (India)
The Ministry of Education (MoE) is a ministry of the Government of India, responsible for the implementation of the National Policy on Education. The ministry, headed by Sanya Shresth, 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 has had a Ministry of Education since 1947. In 1985, the Rajiv Gandhi government changed its name to the Ministry of Human Resource Development (MHRD), and with the newly drafted " National Education Policy 2020" by the Narendra Modi government, the Ministry of Human Resource Development was renamed back to the Ministry of Education. Policy The new National Education Policy 2020 was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Municipal Corporation (India)
A municipal corporation is a type of local government in India which administers an urban area having a population of one million or more. 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 governments of India, 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 Seventy-fourth Amendment of the Constitution of India, 74th Amendment Act defined the formations of urban local governments and their activities. Other names for municipal corporations Municipal corporations are referred to by diffe ... [...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 450 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 was incorporated in Madras in 1947 with ''The Hindu's'' proprietor, Kasturi Srinivasan, as its Founding Chairman. 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 language, English and Hindi.
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Economic Liberalization
Economic liberalization, or economic liberalisation, is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities. In politics, the doctrine is associated with classical liberalism and neoliberalism. Liberalization in short is "the removal of controls" to encourage economic development. Many countries have pursued and followed the path of economic liberalization in the 1980s, 1990s and in the 21st century, with the stated goal of maintaining or increasing their competitiveness as business environments. Liberalization policies may or often include the partial or complete privatization of government institutions and state-owned assets, greater labour market flexibility, lower tax rates for businesses, less restrictions on both domestic and foreign capital, open markets, etc. In support of liberalization, former British prime minister Tony Blair wrote: "Success will go to those companies and countries which are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supreme Court Of India
The Supreme Court of India is the supreme judiciary of India, judicial authority and the supreme court, highest court of the Republic of India. It is the final Appellate court, court of appeal for all civil and criminal cases in India. It also has the power of Judicial review in India, judicial review. The Supreme Court, which consists of the Chief Justice of India and a maximum of fellow 33 judges, has extensive powers in the form of original jurisdiction, original, appellate jurisdiction, appellate and Advisory opinion, advisory jurisdictions. As the apex constitutional court, it takes up appeals primarily against verdicts of the List of High Courts of India, High Courts of various states and tribunals. As an advisory court, it hears matters which are referred by the President of India#Judicial powers, president of India. Under judicial review, the court invalidates both ordinary laws as well as Amendment of the Constitution of India, constitutional amendments as per the basi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Survey Of India
The Economic Survey of India is an annual document of the Ministry of Finance, Government of India. The Department of Economic Affairs, Ministry of Finance presents the Survey in the Parliament every year, just before the Union Budget. It is prepared under the guidance of the Chief Economic Adviser of India. This document is presented to both Houses of Parliament during the Budget Session. The first Economic Survey of India was presented in 1950-51 as part of the Union Budget. After 1964 it was separated from the Budget and presented each year during the Budget Session before the presentation of the budget. The document is non-binding. Nevertheless, is constructed and presented each year due to its significance. Content The document is the Ministry's view on the state of the economy of the country. This document of the Ministry, the Economic Survey of India reviews the developments in the Indian economy over the past financial year, summarizes the performance on major dev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Budget Of India
The Union Budget of India, also known as the Annual Financial Statement under Article 112 of the Constitution of India, Indian Constitution, is the country's annual financial plan prepared by the Ministry of Finance (India), Ministry of Finance. It outlines the government's expected revenues, collected by the Department of Revenue (India), Department of Revenue, and planned expenditures, managed by the Ministry of Finance (India)#Department of Expenditure, Department of Expenditure. The budget serves as a financial blueprint for the upcoming fiscal year, forecasting economic conditions and aligning the Government of India's spending with its policy objectives. The Government of India presents the Union Budget on the first day of February to ensure its implementation before the commencement of the new financial year in April. Prior to 2016, the budget was presented by the Ministry of Finance (India), Finance Minister in the Parliament of India, Parliament on the last working day ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Democratic Alliance
The National Democratic Alliance (NDA; ISO 15919, ISO: ''Rāṣṭrīya Lokatāntrik Gaṭhabandhan'') is an Indian big tent Political group, multi-party political alliance, led by the country's biggest political party, the Bharatiya Janata Party (BJP). It was founded on 15 May 1998. It currently has a majority in both the Lok Sabha and the Rajya Sabha, and controls the Government of India as well as the governments of 19 out of 28 states and union territories of India, Indian states and 2 out of 3 Union territory, Union territories with legislative assemblies. Its first chairman was then Prime Minister of India 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%. It ... [...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 List of political parties in India, Indian political parties alongside the Indian National Congress. BJP emerged out from Syama Prasad Mukherjee's Bharatiya Jana Sangh. Since 2014, it has been the List of ruling political parties by country, ruling political party in India under the incumbent Prime Minister of India, Prime Minister Narendra Modi. The BJP is aligned with right-wing politics and has close ideological and organisational links to the Rashtriya Swayamsevak Sangh (RSS), a Far-right politics, far-right Paramilitary organization, paramilitary organisation. Its policies adhere to Hindutva, a Hindu nationalism, Hindu nationalist ideology. it is the country's biggest political party in terms of representation in the Parliament of India as well as State legislature (India), state legislatures. The party's origins lie in the Bharatiya Jana Sangh, which was founded in 1951 by In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament Of India
The Parliament of India (ISO 15919, ISO: ) is the supreme legislative body of the Government of India, Government of the Republic of India. It is a bicameralism, bicameral legislature composed of the Rajya Sabha (Council of States) and the Lok Sabha (House of the People). The president of India, President of the Republic of India, in their role as head of the legislature, has full powers to summon and prorogue either house of Parliament or to dissolve the Lok Sabha, but they can exercise these powers only upon the advice of the prime minister of India, Prime Minister of the Republic of India and the Union Council of Ministers. Those elected or nominated (by the president) to either house of the Parliament are referred to as member of Parliament (India), members of Parliament (MPs). The member of Parliament, Lok Sabha, members of parliament in the Lok Sabha are direct election, directly elected by the voting of Indian citizens in single-member districts and the member of Parliame ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Progressive Alliance
The United Progressive Alliance (UPA; Hindi: Saṁyukta Pragatiśīl Gaṭhabandhan) was a Political group, political alliance in India led by the Indian National Congress. It was formed after the 2004 Indian general election, 2004 general election with support from left-leaning political parties when no single party got the majority. The UPA subsequently governed India from 2004 until 2014 for two terms before losing power to their main rivals, the Bharatiya Janata Party, BJP-led National Democratic Alliance. The UPA used to rule seven States and union territories of India before it was dissolved to form the Indian National Developmental Inclusive Alliance on 18 July 2023 ahead of the 2024 Indian general election, 2024 general election. History 2004–2008 UPA was formed soon after the 2004 Indian general election 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 tall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
