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In one of the worst post-Cold War crises, Russia wants to stop Kyiv joining NATO and accuses the West of hysteria, saying it has no plans to invade, while the United States and allies are adamant the military build-up continues.
The insurance scheme will be effective from January 1. But it may take two more months to get reimbursement and cashless services at hospitals due to procedural delay.
The VLC service, a first in India, is available from Monday, SBI said. Submission of life certificate is necessary to continue receiving the pension.
With 98 per cent of ballots counted on Monday, the Central Election Commission said United Russia had won nearly 50 per cent of the vote, with its nearest rival, the Communist Party, at just under 20 per cent.
For those who do not submit the affidavit, the subsequent arrears would be withheld. The affidavits have to be submitted before June 30.
Only a maximum of five people will be allowed near the treasury cash/teller counters at a time.
A higher pension would carry a huge financial burden even if the unclaimed amount in the EPFO is used for this purpose, EPFO officials said.
The move will come into effect retrospectively from January 1, 2020.
If you go for a conventional insurance policy or NPS, you have to save up to Rs 7.25 crore in 30 years to get anywhere near your requirement.
The decision will cost the exchequer Rs 16,000 crore, Information and Broadcasting Minister Prakash Javadekar said while briefing media on the decisions taken by the Cabinet.