NEW DELHI — The Centre on Wednesday said the total number of new contributing subscribers under the National Pension Scheme (NPS) stood at 62,880 in the month of July. In June, 64,799 new contributing subscribers joined the NPS in June. The newly registered employees and paying contribution under the Employees’ State Insurance (ESI) scheme in July stood at 16,61,836 which was 16,33,848 during the month of June, informed Ministry of Statistics and Programme Implementation. The Cabinet last month approved the Unified Pension Scheme (UPS) for government employees, which will provide an assured minimum pension and a family pension. Around 23 lakh Central government employees will benefit from the Unified Pension Scheme. These employees will now have the option to choose between the NPS and the UPS. In UPS, the government has offered several advantages of the previous Old Pension Scheme (OPS) like assured pension, family pension and indexation benefits. This pension scheme is only for government employees unlike NPS which is offered to both government and private employees. In a key move to secure the financial future of young children in India, the government has also launched the NPS Vatsalya pension scheme, which offers flexible contributions and investment options for...