Question
Which savings-cum-pension scheme targeting minors was
introduced by the Ministry of Finance in September 2024?Solution
Launched by Union Finance Minister Nirmala Sitharaman, the National Pension System Vatsalya (NPS Vatsalya) is designed to secure the financial future of minors. The scheme requires an initial contribution of Rs 1,000 with subsequent annual contributions, aiming to provide a structured pension for children once they reach adulthood. This extension of the existing National Pension System caters exclusively to minors with an investment mechanism in place until they turn 18.
Select the related word from the given alternatives.
Cat : Kitten :: Dog : ?
IRF and FRA are over the counter (OTC) instruments to cover interest rate risks
In which Indian state is the Amaravati Stupa, a significant archaeological site, located?Â
Who had won the Best Actor Award at the 68th NAtional film Awards, 2022 held in New Delhi?
The Olympic Games are held every ____ years.
On which date will National Technology Day be celebrated in India?
Which of the following statements is correct?
A. When the liquidity position is tight in the market, corporates raise money by issuing Commercial...
Dalma Wildlife Sanctuary belongs to which of the following state?
Which of the following amendments was passed in the context of a situation that emerged with the verdict in Golaknath’s case?
What is the born range (Current ages) for Gen Z?
