Maharashtra approves UPS for its employees; gives nod to ₹7,000 cr river link plan

Mumbai: The Maharashtra cabinet on Sunday decided to implement for state government employees the Unified Pension Scheme announced a day earlier by the Union government.

On Saturday, the Narendra Modi-led Centre approved the Unified Pension Scheme (UPS) for central government employees who joined service after January 1, 2004. Employees under National Pension Scheme opting for UPS will be eligible for an assured pension of 50 per cent of the average basic pay drawn over the last 12 months before superannuation The minimum qualifying service has been kept at 25 years.

As per the Maharashtra cabinet’s decision, UPS will be effective from March this year and will benefit all state government employees, an official said here.

The tenure of the Maharashtra assembly ends in November this year, and polls are likely to be held in October-November.

“The cabinet also cleared the proposal to expand the uninterrupted power supply scheme to more farmers in the state. They would get supply during the day. It cleared the Rs 7,000 crore Nar-Par-Girana river linking scheme that would primarily benefit north Maharashtra districts like Nashik and Jalgaon,” he said.

The state government would raise Rs 5000 crore under Mahatma Phule Renewable Energy and Infrastructure Technology Ltd for an ambitious project in Thane district, he said.

Thane is the home turf of Chief Minister Eknath Shinde.

The revenue relief in force for land owned by BJP Lok Sabha member and royal scion Udayanraje Bhosale will continue for his successors as well, as per a decision cleared by the cabinet, the official added.

Related posts:

Government targets Rs 1 lakh crore in seafood exports by 2029, strengthens fishing sector with key initiatives Aviation Future: Adani Airports introduces ‘aviio’ to provide passengers real-time access data JSW Energy receives LoA for 200 MW wind-solar hybrid power project from MSEDCL – Copy JSW Energy receives LoA for 200 MW wind-solar hybrid power project from MSEDCL Should I switch from National Pension Scheme to the Unified Pension Scheme?