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(NPS Vatsalya) scheme was announced in the Union Budget 2024-25 on July 23, 2024. It is an innovative pension scheme designed exclusively for minors, marking a significant advancement in financial planning and setting a new standard for prudent financial management from a young age . Under the NPS Vatsalya scheme, all minor citizens up to the age of 18 are eligible to open an account. The account is opened in the name of the minor and managed by their guardian until the child reaches adulthood, ensuring that the minor remains the sole beneficiary throughout the process.
Which country's controversial Sado gold mine was recently registered as a cultural heritage site by UNESCO?
Which state became the first in India to launch a disaster management insurance scheme?
What was the decision of the Monetary Policy Committee (MPC) on August 8, 2024, regarding the repo rate?
Which state recently notified a first-of-its-kind legislation in India to provide social security and welfare measures for motor transport and allied wo...
The Information and Broadcasting Ministry is revising the draft Broadcasting Services (Regulation) Bill. What is a key objective of the draft Bill?
Who was recently honored with the ‘Vishwambhara Dr. C. Narayana Reddy National Literary Award’?
Which of the following was identified as a critical factor for sustaining growth in India's services sector, as discussed in the Economic Survey 2023-24?
When was the Pradhan Mantri Gram Sadak Yojana launched?
What is the purpose of PNB's 'Safety Ring' feature?
Which bank saw a 35.3% increase in net profit to ₹16,174.75 crore in Q1 FY25?
