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New Delhi: The Center’s policies are aimed at better equipping medium-or-age families, with confidence to cope with the future, an official statement stated in an official statement, attracting the attention of the policy received in the next four years.
The statement of completion of its first year of its third term in the National Democratic Alliance (NDA) government office also said that the new Unified Pension Scheme (UPS) launched in April this year will benefit 2.3 million central government employees, which is a hybrid of contribution and assured model.
The statement titled ‘The Middle Class Story’ discussed various measures by the NDA government in taxation, pension, reduction in inflation and connectivity so far. It said that this section of the population plays an important role in India’s development story.
The UPS, which assures an employee of 50% of the average basic salary prepared in the last one year before retirement, is open to people with at least 25 years of experience.
For people with low service tenure, pension will be calculated proportionally with a minimum qualification period of 10 years. They will get minimum sure pension 10,000 per month on retirement. If an employee passes, his family will receive 60% confident pension, the statement clarified.
It is expected to benefit 2.3 million central government employees, the statement said that many state governments have also adopted this model, which is currently expanding their coverage up to more than nine million individuals under the national pension system.
The statement also said that crores of salaried citizens will benefit from the income tax relief announced in the Union Budget for FY 26.
The budget had announced that individuals are earning There will be no income tax annually 12 lakhs annually, except for special income like capital gains.
With standard cuts of 75,000, even those earnings The statement said that 12.75 lakhs will not give tax. “It shows a deep understanding of the needs of the middle class and comes despite the government almost giving up. 1 lakh crore in revenue, ”the statement states.
On the Smart Cities Mission, the government said that the plan was rolled out in 2015, saw 93% of 7,545 approved projects by 2025, with total investment with total investment 1.51 trillion.
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