Atal Pension Yojana (APY)

The Finance Minister has announced a new initiative called Atal Pension Yojana (APY) in his Budget Speech for 2015-16. The APY will be focussed on all citizens in the unorganised sector, who join the National Pension System (NPS) administered by the Pension Fund Regulatory and Development Authority (PFRDA) and who are not members of any statutory social security scheme. Under the APY, the subscribers would receive the fixed pension of Rs. 1000 per month, Rs. 2000 per month, Rs. 3000 per month, Rs. 4000 per month, Rs. 5000 per month, at the age of 60 years, depending on their contributions, which itself would vary on the age of joining the APY. The minimum age of joining APY is 18 years and maximum age is 40 years. Therefore, minimum period of contribution by the subscriber under APY would be 20 years or more. The benefit of fixed pension would be guaranteed by the Government. The Central Government would also co-contribute 50% of the subscriber’s contribution or Rs. 1000 per annum, whichever is lower, to each eligible subscriber account, for a period of 5 years, i.e., from 2015-16 to 2019-20, who join the NPS before 31st December, 2015 and who are not income tax payers. The APY would be launched from 1st June, 2015. The existing subscribers of Swavalamban Scheme would be automatically migrated to APY, unless they opt out.

Benefit of APY: Fixed pension for the subscribers ranging between Rs. 1000 to Rs. 5000, if he joins and contributes between the age of 18 years and 40 years. The contribution levels would vary and would be low if subscriber joins early and increase if he joins late.

Eligibility for APY: Atal Pension Yojana (APY) is open to all bank account holders who are not members of any statutory social security scheme.

Age of joining and contribution period: The minimum age of joining APY is 18 years and maximum age is 40 years. Therefore, minimum period of contribution by the subscriber under APY would be 20 years or more.

Focus of APY: Mainly targeted at unorganised sector workers.

Enrolment and Subscriber Payment: All bank account holders under the eligible category may join APY with auto-debit facility to accounts, leading to reduction in contribution collection charges.

Enrolment agencies: All Points of Presence (Service Providers) and Aggregators under Swavalamban Scheme would enrol subscribers through architecture of National Pension System.

Operational Framework of APY: It is Government of India Scheme, which is administered by the Pension Fund Regulatory and Development Authority. The Institutional Architecture of NPS would be utilised to enrol subscribers under APY.

Career Scope in Print Media

Print media are lightweight, portable, disposable publications printed on paper and circulated as physical copies in forms we call books, newspapers, magazines and newsletters. They hold informative and entertaining content that is of general or special interest. They are published either once or daily, weekly, biweekly, monthly, bimonthly or quarterly. Print Media is the oldest form of media. But even today it is growing from strength to strength. Around 4000 small, medium and large newspapers and magazines across the county are registered with the Registrar of Newspapers every year. This indicates that it is a growing sector where employment opportunities are increasing with each passing day. Most of the young aspirants who want to enter the print media prefer reporting, but newspapers and magazines also seek young talent as photographers, artists, editors, computer experts, librarians, and cartoonists. Students who have writing ability, graphics or photo skills, curiosity and deter →

65th National Film Awards for 2017

The 65th National Film Awards 2017 were announced by the Chairpersons of the juries on Feature Films, Best Writing on Cinema and members of Dadasaheb Phalke Award and Non-Feature films. The Feature Film Central panel was headed by Shri Shekhar Kapur, an eminent filmmaker known for his works in Hindi cinema and international cinema. The Non- Feature Film panel was headed by Shri. Nakul Kamte and the Best Cinema on Writing jury by Shri.Anant Vijay. The National Film Awards would be presented by Hon’ble President of India on May 3rd, 2018. Winner of 65th National Film Awards for 2017Best Feature Film - Village Rockstars, Language: Assamese, Directed by Rima Das. Indira Gandhi award for best debut film of a director - Sinjar, Language: Jasari, Directed by Pampally. Best Popular Film Providing Wholesome Entertainment- Baahubali - The Conclusion, Language: Telugu, Directed by S S Rajamouli. Nargis Dutt Award For Best Feature Film On National Integration - Dhappa, Language: Marathi, Directed →

What is the Indo US Civilian Nuclear Deal?

India and the United States signed a landmark deal in October 2008, which allows India access to US civil nuclear fuel and technology. What is it that makes this deal so significant? How does India stand to gain from it ? Here are some answers to these questions : What is the Indo-U.S. Civilian Nuclear Deal ? This is a deal between India and the United States for civil nuclear cooperation. Under this agreement, the United States can sell civilian nuclear fuel and technology to India. India in turn, has to separate its civil and military nuclear facilities and place all its civil nuclear facilities under International Atomic Energy Association (IAEA) inspection. The accord took three years to be finalized, during which it went through a series of complex stages that included amendment of U.S. domestic law, formulation of a civil-military nuclear separation plan in India, an India-IAEA safeguards (inspections) agreement and the grant of an exemption for India by the Nuclear Suppliers' →

Genetically Modified Food or Crops

Genetic Modification Genetic modification refers to techniques used to manipulate the genetic composition of an organism by adding specific useful genes. A gene is a sequence of DNA that contains information that determines a particular characteristic/trait. All organisms have DNA (genes). Genes are located in chromosomes. Genes are units of inheritance that are passed from one generation to the next and provide instructions for development and function of the organism. Crops that are developed through genetic modification are referred to as genetically modified (GM) crops, transgenic crops or genetically engineered (GE) crops. Over the last 30 years, the field of genetic engineering has developed rapidly due to the greater understanding of deoxyribonucleic acid (DNA) as the chemical double helix code from which genes are made. The term genetic engineering is used to describe the process by which the genetic makeup of an organism can be altered using “recombinant DNA technology.” This →

  • Contribute to our Site

    If you contribute your content to our site. Please mail us your content to editor@onlinegk.com

Follow us on Social Media

Follow us on Facebook
Follow us on Google Plus
Follow us on Twitter