Bhavishya portal clears 83 pc Pension Payment Orders in time
New Delhi: At least 83 per cent Pension Payment Orders (PPOs) in superannuation cases of Central Government employees were issued on time in April this year, reflecting the efficiency of the Bhavishya online portal in tracking pension sanction and payment process, according to the official monthly report released on Tuesday.
The report also stated that 61 per cent of pensioners' grievances received on the CPENGRAMS portal have been resolved within a month.
The Centre launched the portal to bring transparency in the redressal process for retired government employees.
As of April 30, Bhavishya is operational in the main Secretariat of 99 Ministries/Departments/Apex Bodies and 1034 attached offices through 9,406 DDOs. A mobile application has also been launched on the Umang platform through which stakeholders can access Bhavishya.
Form 6-A, containing erstwhile 9 Forms/Formats, has revolutionised the processing of pension papers, and a total of 20,003 retiring officials have submitted new Form 6-A in the Bhavishya Portal. This has helped to ensure the PPOs in the superannuation cases are issued on time.
For the 17th month in a row, more than 7,000 grievances have been redressed on the CPENGRAMS portal.
In April, 8,396 pension cases were received on the portal, while 10,200 cases were redressed.
Only 5 per cent of grievances are pending for redressal after three months. The pendency of grievances has markedly decreased from 11,817 grievances at the end of March 2025 to 10,179 grievances at the end of April 2025, the report added.
The monthly report on Central Ministries/ Departments with the focus on the performance on Bhavishya and CPENGRAMS for April was released by the Department of Pension and Pensioners' Welfare.
The Government has accorded the highest priority to the welfare of Central Government Pensioners through digital empowerment.
Bhavishya, an online portal for online tracking of pension sanction and payment process, has ensured the timely issue of PPOs to the retiring employees, while the CPENGRAMS portal brings transparency in the redressal process with the quality resolution of pensioners' grievances, the official statement added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
3 hours ago
- News18
Want To Start A Career In Mutual Funds? Here's How To Become An Agent
Last Updated: A mutual fund agent is a certified professional who helps individuals invest in mutual fund schemes. Mutual funds have become one of the most popular investment options in India, offering a mix of flexibility, professional management, and diversification. As more people turn to mutual funds for their financial goals, the demand for reliable mutual fund agents is growing. These agents play a vital role in bridging the gap between fund houses and investors, helping clients make informed decisions. Becoming a mutual fund agent is not only rewarding financially but also helps promote financial literacy and secure futures. Who is a Mutual Fund Agent? Mutual fund agents act as vital links between investors and mutual fund companies. To help expand a fund's investor base, these agents earn commissions from the fund houses for every successful investment they facilitate. In simple terms, a mutual fund agent—also called a Mutual Fund Distributor (MFD)—is a certified professional who assists individuals and businesses in buying and selling mutual fund schemes. Their key responsibility is to understand an investor's financial goals, risk appetite, and time horizon, and then match them with the most suitable mutual fund options. While MFDs are allowed to provide detailed information about various mutual funds, they are not permitted to offer personalised investment advice unless they are also registered as a Registered Investment Advisor (RIA) with SEBI. Their income typically comes from commissions paid by Asset Management Companies (AMCs), making it a performance-based role driven by trust and effective client service. Who Can Become a Mutual Fund Agent? Minimum Age: You must be at least 18 years old. Certification: You must successfully clear the NISM-Series V-A: Mutual Fund Distributors Certification Examination conducted by the National Institute of Securities Markets (NISM). Personal Finance Knowledge A solid understanding of personal financial planning helps you better assess your client's financial needs and recommend suitable mutual fund schemes accordingly. Mutual Fund Expertise You must be well-versed in the different types of mutual funds, their risk profiles, returns, and market dynamics. This expertise ensures you can guide clients accurately. Communication Skills The ability to simplify complex financial concepts and explain them clearly to clients is crucial. Good communication builds trust and confidence. Sales and Marketing Abilities Since the role involves client acquisition and retention, having strong sales and marketing skills can help you grow your network and succeed. Analytical Thinking Understanding market trends and aligning them with a client's investment goals requires strong analytical capabilities. Steps to Become a Mutual Fund Agent Meet the Eligibility Criteria You must be at least 18 years old and have completed Class 12 or equivalent. Enrol for the NISM Series V-A: Mutual Fund Distributors Certification Exam conducted by the National Institute of Securities Markets. The exam tests your knowledge of mutual funds, products, ethics, and regulatory frameworks. A passing score is required to proceed. Get AMFI Registration Once you pass the exam, apply for registration with the Association of Mutual Funds in India (AMFI) to obtain your AMFI Registration Number (ARN). Empanel with AMCs After receiving your ARN, you can approach various AMCs to get empanelled and start distributing their mutual fund products. Start Selling Mutual Funds top videos View all Use your network, digital tools, and financial platforms to reach out to clients and begin your practice. Whether you are a student, working professional, or retiree, if you meet the eligibility criteria and possess the right skills, becoming a mutual fund agent can be both a fulfilling and profitable career path. tags : Business business news Mutual fund Location : Delhi, India, India First Published: June 10, 2025, 09:00 IST News business Want To Start A Career In Mutual Funds? Here's How To Become An Agent
Hindustan Times
5 hours ago
- Hindustan Times
Speedy clearance expected in Sawalkote hydro project
The Union government is looking to give speedy clearance to a ₹22,700-crore hydropower project in Sawalkote on the Chenab so that work can commence by next year and the power ministry is on track to decide which agency should build it, two officials aware of the development said. The Sawalkote project, among four proposed hydroelectric projects in Jammu and Kashmir, has been granted the status of a nationally important project and is expected to generate 1,856 megawatts (MW) of electricity, one of the officials said. The four projects, which together can produce 3,119 MW of electricity, have been hobbled by long administrative delays as well as due to restrictions imposed by the Indus Waters Treaty, which India decided to put on hold a day after the deadly terrorist attack in Jammu and Kashmir's Pahalgam on April 22 that claimed 26 lives. Apart from power, the Sawalkote dam, a so-called run-of-the-river project, will also bring irrigation potential to large agricultural tracts, a second official said, adding it will come up in the Ramban, Batote, Mahore and Udhampur forest divisions abutting the Raman, Reasi and Udhampur districts of the Union territory. The detailed project report or DPR for the dam has been prepared by the National Hydroelectric Power Corporation (NHPC) Ltd, the country's largest state-backed hydropower firm. The government is examining which agency should be tasked with the project. 'The Jammu and Kashmir government has expressed a desire to be involved in the construction of the project and build it either through one of its own power companies or through a joint venture. A decision will be taken soon,' the first official said. India has quickened processes to start work on proposed infrastructure on the Indus River system as well as speed up work on existing ones after pulling out of the 1960 water-sharing pact amid a freeze in ties following the Pahalgam terror attack. In 2021, the forest department of Jammu and Kashmir had recommended environmental clearance along with 'justifications', which had formally rolled out the process of preliminary work for the Sawalkote project, including recommendation of the catchment area plan. The Centre is likely to give a go-ahead soon for the stage I of the two-phased project after issues of picking the agency and reviewing Jammu and Kashmir's demand for a role through a joint venture are settled. The Union territory is keen on getting on board because the project will then create a revenue source for it, the second official said. 'Now that India has put the Indus treaty in abeyance, the country has no obligations under the treaty and it is free to create infrastructure in the Indus rivers on the Indian side,' said Shashi Shekhar, a former Union water resources secretary. Shekhar, as the top water resources bureaucrat then, had recommended the Centre suspend the treaty in 2016, when terrorists had attacked an Indian army base in Kashmir's Uri, killing 18 soldiers. Prior to keeping the water-sharing pact in abeyance following the Pahalgam terror attack, India had been pressing Pakistan to renegotiate the treaty, citing natural changes in the Indus river basin itself, which had diminished India's share amid a rising population. Under the treaty, the ratio of water shared by Pakistan and India stood at 80:20. India had sought a revision in the terms of the treaty bilaterally. According to the Indian side, Pakistan ignored pleas for bilateral renegotiation, and instead moved the World Bank for appointing a neutral expert to address the issues. India then accepted a neutral expert appointed by the World Bank, which had brokered the six-decade-old treaty by formulating its technical aspects, according to the Indian side. However, Pakistan then moved for international arbitration, a step India considers was a serious escalation by Islamabad, without exhausting all available options, according to Indian officials. Since India's decision to suspend the treaty, Pakistan has written four letters to Indian authorities, offering to discuss specific issues, HT had reported last week. India and Pakistan have fought four wars but the treaty had never been paused before. In letters sent to India, Pakistani authorities are learnt to have said that India didn't have powers to unilaterally suspend the treaty and called for resumption of negotiations. In an international conference on glaciers in Dushanbe on May 30, Pakistan Prime Minister Shehbaz Sharif had raked up the treaty, accusing India of 'weaponising water'.
Mint
8 hours ago
- Mint
EV vs hybrid war: All clean fuel-run vehicles are equal for the PMO
The Prime Minister's Office (PMO) believes the Centre needs to support all clean-fuel vehicles including hybrids, even as a rift widens in the Indian auto industry over hybrids being put on a par with pure electric vehicles (EVs). The stand, confirmed by two top government officials, comes after manufacturers of both electric and hybrid vehicles sought the Centre's favour after several state governments proposed incentivizing electric, hybrid and CNG vehicles equally. 'I do not understand why there is so much lobbying. State policies may differ, but the central government has supported both EVs and hybrids in clean mobility schemes. It cannot be that you incentivize one and not the other. The idea is to help all forms and all clean fuels," one of the two officials said on the condition of anonymity. The incentives for EVs and hybrids are aimed at reducing the country's fuel imports and carbon emissions. "All clean mobility initiatives which contribute to this have been incentivized so far, and will continue to be so," the second official said, also on the condition of anonymity. Govt support Mint reported on 6 June, quoting Union heavy industries minister H.D. Kumaraswamy, that the government would continue to support all forms of clean mobility, including hybrid vehicles, which combine the power of a traditional internal combustion engine (ICE) with an electric motor, improving fuel efficiency while cutting down on emissions and fuel usage. Even in the past, the Centre supported hybrids and EVs alike in various subsidy schemes, including the second iteration of the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India), which ran from 2018-19 to 2023-24. Also read | ARAI likely to plan division of auto testing agencies allocation Eventually, support for clean-fuel cars was removed under the PM E-Drive scheme (2023-24 to 2025-26). However, it continues to incentivize pure electric buses and electric and hybrid ambulances. The outlay for incentivising such ambulances is ₹500 crore till the end of FY26. Nevertheless, the Union government will continue to support policies to promote clean mobility through all possible means, including EVs, hybrid vehicles, as well as vehicles running on compressed natural gas (CNG) and liquified natural gas (LNG), among others, according to the government officials cited above. The EV vs hybrid war Mint reported on 24 April that the Delhi government had proposed to grant hybrid cars the same benefits as fully electric ones, raising concern among carmakers that had committed vast amounts to develop battery EVs, skipping hybrid technologies. The draft of the Delhi Electric Vehicles Policy 2.0 seeks to waive road tax and registration fees on electric cars priced up to ₹20 lakh ex-showroom and extend the benefit to strong hybrid EVs (SHEVs) and plug-in hybrid EVs (PHEVs) with a similar price cap as well. Also read | More than 6 lakh electric 2, 3-wheelers sold under PM E-Drive scheme since April An SHEV is typically a car in which an electric motor gives significant assistance to the combustion engine. PHEVs, as the name suggests, come with a charging port for the battery that drives the motor. These vehicles can also run exclusively on the electric motor. Uttar Pradesh was the first state to waive these charges for hybrid vehicles in July 2024. CAQM direction Meanwhile, the Commission for Air Quality Management (CAQM) on 4 June also directed commercial vehicle operators to include 'clean' vehicles, including hybrids, in their fleets to help curb air pollution in the national capital. Worried about losing market share, EV makers have urged the Union government not to incentivize them on par with EVs. They have argued that parity between incentives for hybrids and pure EVs would push consumers towards hybrids, which are not zero-emission vehicles. Also read | Tata Motors pushes for e-taxi subsidy after exclusion from PM E-Drive India's EV market was valued at $54.41 billion in 2025, and the hybrid vehicle market at about $0.53 billion, according to market research company Mordor Intelligence. India's automobile market, the world's third-largest by sales, was valued at $137.06 billion. Clean-fuel clash India's major EV makers include Tata Motors Ltd, Mahindra & Mahindra Ltd, Hyundai Motor India Ltd, Kia India Pvt. Ltd, and JSW MG Motor India Ltd. The hybrid carmakers are led by Maruti Suzuki India Pvt. Ltd, Honda Cars India Ltd, and Toyota Kirloskar Motor Pvt. Ltd. 'Tata Motors believes that government incentives should be directed towards promoting zero-emission technologies such as EVs by bridging funding gaps, developing enabling infrastructure, and accelerating innovation to help them reach scale and maturity. Hybrid is an incremental and mature ICE technology, which is commercially viable and faces no funding or adoption barriers that typically warrant government support," said a Tata Motors spokesperson in an emailed statement. Also read | Subsidies on e-scooters to slide to ₹5,000 per scooter in Oct 2025 The spokesperson added that hybrids use fossil fuels, resulting in PM2.5, CO2, and other tailpipe emissions like any other ICE vehicles. Directing any incentives or subsidies toward them can divert India from its net-zero and energy security objectives. 'Viability gap' Rahul Bharti, senior executive officer, corporate affairs, Maruti Suzuki, countered the argument, saying that strong hybrid EVs reduce CO2 emissions by 25% to 31% over pure petrol vehicles and increase energy efficiency by 36% to 44%, but they still have a viability gap. 'So, the tax cannot be the same for a strong hybrid and a pure petrol/diesel vehicle. Data shows that wherever SHEVs have been incentivized, the sales of BEVs have not fallen at all; on the contrary, they have gone up. SHEVs will help reduce pure diesel/petrol cars, and that is in the national interest," he added. Also read | E-buses under PM E-drive to be used now for intercity, tourist travel While hybrid vehicle sales rose about 12% year-on-year to 365,024 in 2024-25, pure EV sales rose 17% to 1,967,313, showed data from the central government's Vahan portal. Queries emailed on 5 June to the PMO, on 6 June to Mahindra & Mahindra, Hyundai Motor India, Kia India, JSW MG Motor, Honda Cars, and Toyota Kirloskar Motor, and on 7 June to the heavy industries ministry, remained unanswered until the time of publishing this story. Experts weigh in The share of non-conventional fuels has increased to a fifth of total passenger vehicle volumes, as against less than 5% five years ago, said Srikumar Krishnamurthy, senior vice-president and co-group head, corporate ratings, Icra Ltd. 'Specifically, hybrids have seen better acceptance in the last one and a half years as they reduce carbon emissions while managing to achieve good ranges. While hybrids at this stage are a stop-gap solution as EV infrastructure is yet to mature, they are also playing a strategic role in achieving sustainability and with more product launches and better product quality, it has become more popular."
