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One-time UPS allocation won't have big impact on fiscal math

By Economic Times - 2 months ago
The Unified Pension Scheme (UPS) introduced increases government contributions to 18.5% from 14%, potentially causing a fiscal rise by about ₹40,000-45,000 crore in FY25. Assured pensions will be drawn from two funds, slightly impacting long-term government finances. Economists emphasize incorporating these commitments into future fiscal strategies.

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