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Modi embellishes Atal Pension Yojana

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By NewsGram Staff Writer

Pension scheme Atal Pension Yojana (APY) has been modified to make it more viable and acceptable for informal sector workers with intermittent incomes, an official statement said on Thursday.

The provision of mandatory monthly contributions and penal provisions for non-contribution towards the scheme by subscribers have been removed and the new rules allow individual subscribers to make monthly, quarterly or half yearly contributions instead, a finance ministry statement said.

The discontinuation of monetary contribution towards the pension scheme has been greatly modified in favour of the subscriber, while any account will not be deactivated and closed until the account balance with self-contributions minus the government’s co-contributions becomes zero due to deduction of account maintenance charges and fees, the statement added.

Penalty for delayed payment has been simplified to Re 1 per month for a contribution of Rs 100, and the earlier practice of levying different penalties for different slabs has been done away with.

Premature exit from the scheme before 60 years of age was not allowed except in the event of death or terminal illness but now a subscriber can voluntarily exit from the scheme and receive his contribution along with the interest earned on it after deduction of account maintenance charges, the statement said. However, the government’s co-contribution along with the interest earned on it will not be paid.

Launched by Prime Minister Narendra Modi in Kolkata in May, APY aims to provide a minimum monthly guaranteed pension to subscribers ranging from Rs.1,000 to Rs.5,000.

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Twitter Celebrates Gandhi Jayanti

The micro-blogging site has also celebrated India's Independence Day, Republic Day, Diwali and International Day of Yoga with customised emojis.

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The Twitter logo appears on a phone post on the floor of the New York Stock Exchange.. VOA

Twitter India on Tuesday celebrated 150th birth anniversary of Mahatma Gandhi with the announcement of a new customised “Gandhi Emoji”.

The “Gandhi Emoji” was officially launched by Prime Minister Narendra Modi on the micro-blogging site, which features a caricature of the Father of the Nation.

“Users in India and across the world can use the “Gandhi Emoji” by using the hashtags #GandhiJayanti, #MKGandhi, #BapuAt150, #MahatmaGandhi, #MyGandhigiri, #MahatmaAt150, #NexusOfGood, among others,” Twitter India in a statement.

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Mahatma Gandhi and Sarojini Naidu at the 1942 AICC session. Wikimedia Commons

The emoji will be live until October 8. It is available on both the actual app and Twitter Lite.

The micro-blogging site has also celebrated India’s Independence Day, Republic Day, Diwali and International Day of Yoga with customised emojis. (IANS)

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