A provident fund constitutes deferred wages and forms the basis of long-term financial security for employees. Likewise, the value of a pension is realized only when it is both approved and disbursed promptly to recipients.
Policy UpdateDivya Natarajan Background The City Finance Rankings is a Ministry of Housing and Urban Affairs (MoHUA) initiative that evaluates, recognises, and rewards India’s Urban Local Bodies (ULBs) on the quality of their financial health and their improvement in financial…
The National Family Benefit Scheme (NFBS) was introduced in 1995 as one of the original components of the National Social Assistance Programme (NSAP). NSAP came into effect on 15 August 1995 in pursuance of Article 41 of the Constitution, which directs the State to provide public assistance in cases of unemployment, old age, sickness, disablement and other situations of undeserved want, within the limits of its economic capacity and development.
Tamil Nadu's old-age pension is older than the national scheme it now sits inside. The state's Old Age Pension (Normal) Scheme has run since 1 April 1962. Paying destitute persons aged 65 and above (60 if incapacitated) who had no means of subsistence or supporting relatives and moreover owned no property above ₹5,000 and were not professional beggars.
World Day Against Child Labour falls every year on 12 June, and it usually passes with the sort of solemn statements governments issue on days like this: acknowledgment of a problem, a promise to do better. In 2020, Uttar Pradesh used the occasion differently. With the country still in the grip of the first wave of COVID-19, and with the informal economy that employed a large share of the state's working children in visible disarray, Chief Minister Yogi Adityanath used 12 June 2020 to launch the Bal Shramik Vidya Yojana (BSVY), a scheme built on a fairly simple premise: pay a working child's family enough, regularly enough, that sending the child to school stops being a financial loss (Government of Uttar Pradesh, 2020, as cited in Press Trust of India [PTI], 2020).
The Indian Technical and Economic Cooperation (ITEC) Programme stands as the flagship international capacity-building platform of the Ministry of External Affairs (MEA), Government of India. Instituted in 1964, ITEC represents one of the world's oldest and most expansive institutionalized frameworks for South-South bilateral development and technical assistance.
Ever since Independence, India's sports policy has, at best, been viewed primarily through the lenses of international competition and national prestige and, at worst, through the lens of public scrutiny following disappointing performances on the global stage. India has often been described as a "sleeping giant" in world sports, a country with immense talent and demographic potential, yet constrained by persistent logistical, infrastructural, and institutional challenges.