National
Cabinet approves Varishtha Pension Bima Yojana
New Delhi: The Union Cabinet on Tuesday gave its post-facto approval for Varishtha Pension Bima Yojana 2017 (VPBY 2017) as a part of financial inclusion and social security programme. “The scheme would be implemented through Life Insurance Corp (LIC) during the current financial year to provide social security during old age and protect elderly persons aged 60 years and above against a future fall in their interest income due to uncertain market conditions,” the Finance Ministry said in a statement.
The scheme would provide an assured pension based on a guaranteed rate of return of 8 per cent per annum for 10 years, with an option to opt for pension on a monthly, quarterly, half-yearly or annual basis. “The differential return, i.e. the difference between the return generated by LIC and the assured return of 8 per cent per annum, would be borne by the government as subsidy on an annual basis,” it added. VPBY-2017 is proposed to be open for subscription for a period of one year from the date of launch.
The RG Marathon Championship Run 2023 in Goa was a testament to inclusivity. Initially resistant to including persons with disabilities, it eventually featured wheelchair and standing categories, thanks to advocates’ efforts. Participants showed exceptional determination, emphasizing unity in diversity. Despite challenging weather, they demonstrated the power of community support, highlighting the need for accessibility and inclusion in all state-level events in Goa.
Following the marathon, a gathering of differently-abled individuals, predominantly wheelchair users, convened for a celebratory lunch at Barzilla. The event, orchestrated by Mr. Shariq Khan and Mr. Zain Aftab, proprietors of Barzilla, honored the birthday of Sadaf Fatima, who also uses a wheelchair and is Mr. Shariq Khan’s wife.
The lunch featured esteemed guests including the Tourism Minister of Goa, MLA Rohan Khaunte of Porvorim, Social Welfare Minister Subhash Phal Desai, and the State Commissioner for Persons with Disability in Goa, Guruprasad Pawaskar. The event was impeccably hosted by Ms. Falak Fatima and Mr. Adarsh Parashar, offering activities such as Karaoke and Billiards. The youth of Goa exhibited their unwavering support for the community, making the party an unequivocal success.
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