Ups

UPS moves court to block publishers from quizzing India executive

An Indian antitrust investigation report last year found "no evidence" that FedEx, UPS, Aramex and DHL indulged in price collusion, as alleged by a book publishers' body

Six states evince interest to join UPS, says PFRDA Chairman S Ramann

Recently the central government extended the deadline for eligible employees, past retirees, and legally wedded spouses of deceased retirees to exercise their option to join the UPS till 30 November

Deadline to opt for UPS extended; govt employees get more time to decide

Finance Ministry extends UPS enrolment till November 30, giving central government staff and retirees more time to weigh pension choices

Tax clarity for govt staff, DFS releases FAQs on Unified Pension Scheme

The FAQs confirm that the tax incentives applicable to the National Pension System will also extend to UPS, providing certainty to government employees under the new framework

Govt extends UPS option for staff who joined April-August 2025 till Sept 30

The Finance Ministry said central staff who joined service between April 1 and August 31, 2025 can now opt for UPS instead of NPS, with flexibility to return later if they wish

FedEx, UPS, DHL executives may face fresh scrutiny in antitrust case

DHL said in a statement it operates in full compliance with all laws and is "cooperating fully with the CCI", but could not comment on specifics

No plan to restore OPS due to its 'unsustainable fiscal liability', says FM

Finance Minister Nirmala Sitharaman said the features of Unified Pension Scheme have been designed to ensure payment of assured payouts while also maintaining the fiscal sustainability of the fund

Govt extends NPS-like tax benefits to Unified Pension Scheme staff: FinMin

In a bid to promote Unified Pension Scheme, the government has made necessary changes to provide tax benefits to employees opting for UPS at par with those under National Pension System (NPS). The inclusion of UPS under the tax framework marks another step forward in the government's effort to strengthen retirement security for central government employees through transparent, flexible and tax-efficient options, the finance ministry said in a statement. "The government has decided that tax benefits as available under NPS would apply mutatis mutandis to UPS as it is an option under NPS," it said. These provisions ensure parity with the existing NPS structure and provide substantial tax relief and incentives to employees opting for the UPS. The finance ministry through a notification dated January 24, 2025 had notified introduction of the UPS as an option under NPS for the recruits to the central government civil service with effect from April 1, 2025, giving one-time option to the .

UPS to cut 20,000 jobs on lower Amazon shipments; profit beats estimates

The company last year said it cut its workforce by 12,000 jobs. It expects expenses between $400 million to $600 million during 2025

UPS may be replicated to other stakeholders of NPS: Finance Secretary

Financial Services Secretary M Nagaraju on Thursday expressed hope that the Unified Pension Scheme (UPS), which promises an assured pension of 50 per cent of the average basic pay drawn over the last 12 months, may be replicated for other stakeholders under the New Pension System (NPS). Observing that NPS has emerged as a robust retirement savings mechanism in the country, he said, its growing assets under management and subscriber base is reflective of people's trust in the scheme. The government has recently introduced the UPS under NPS for central government employees. The scheme is effective from April 1. UPS is a unique contributory but defined benefit scheme that provides an assured payout of 50 per cent of the average basic pay for the last 12 months upon superannuation along with the benefit of inflation indexation through dearness relief, Nagaraju said, while speaking at the 1st International Research Conference on Pension, organised by PFRDA and IIM Ahmedabad here. "I tru

Unified Pension Scheme for central govt employees begins: What to know

It guarantees a minimum pension of Rs 10,000 per month for employees who complete at least 10 years of government service

PFRDA notifies UPS new rules: Govt employees must opt by June 30

Enrolment and claim forms for all these categories of central government employees will be available online from April 1 on website of Protean CRA

PFRDA issues regulations for implementation of Unified Pension Scheme

The enrolment and claim forms for all these categories of central government employees will be available online on the Protean CRA website from April 1, 2025

Govt probe clears DHL, FedEx, UPS of price collusion allegations: Report

The CCI's findings said the companies did not share "commercially sensitive information amongst themselves," according to the report seen by Reuters

Govt rushes to notify Unified Pension Scheme by October 15, launch by 2025

Cabinet Secretary TV Somanathan has been holding regular meetings with key ministries and departments to ensure a smooth transition from NPS to UPS

Tale of 2 decisions: Why lateral-entry scheme faced backlash and UPS didn't

Mothballing the lateral-entry scheme and launching the modified pension plan show how governance style can make a difference

UPS: Central staffers may get to keep higher returns from riskier bets

Employees could choose the investment plan of their choice based on their contribution and 10% contribution by the government

Unified Pension System: Reversal of pension reform should have been avoided

The new modified pension scheme is better than OPS, but switching to NPS was one of the biggest reforms in recent decades and would have benefited the country in the long run

Railways union welcomes Unified Pension Scheme, seeks 8th Pay Commission

Various railway employee unions had been at the forefront of protests against the NPS and the demand for the restoration of OPS

Fiscal deficit to increase by 15 bps to 5.1% in FY25 due to UPS: Macquarie

Under the unified system, employee contributions will remain unaltered at 10% of basic pay plus dearness allowance