Maharashtra becomes first state to implement Unified Pension Scheme | DETAILS
3 months, 4 weeks ago

Maharashtra becomes first state to implement Unified Pension Scheme | DETAILS

India TV News  

Maharashtra cabinet: The Maharashtra government, led by Chief Minister Eknath Shinde, has become the first in the country to implement the Unified Pension Scheme for state employees. Additionally, the cabinet cleared the Rs 7,000 crore Nar-Par-Girna river linking project, which is expected to primarily benefit the northern Maharashtra districts of Nashik and Jalgaon. Other major decisions taken by Maharashtra Cabinet The cabinet approved several major projects, including a medicity, a mangrove park, a chemical hub, and a digital university, with a cumulative expenditure of Rs 10,000 crore. The cabinet approved a government guarantee for a Rs 29,000 crore payment to the Maharashtra State Electricity Distribution Company Limited to clear its dues.

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History of this topic

Reforms to strengthen Unified Pension Scheme
3 months, 2 weeks ago

Reforms to strengthen Unified Pension Scheme

New Indian Express  

On August 24, the Union cabinet approved the Unified Pension Scheme, a significant step towards providing government employees a secure and assured pension after retirement. Over the last few years, the opposition has highlighted the dissatisfaction of government employees with the National Pension Scheme, commonly known as the New Pension Scheme. First, assured pension of 50 percent of the employee's …

Why did the Centre alter its pension plan?
3 months, 3 weeks ago

Why did the Centre alter its pension plan?

The Hindu  

The story so far: Last weekend, the Union Cabinet signed off on a major shift in the approach for providing old age income security to Central government employees, setting the stage for a new Unified Pension Scheme to be launched on April 1, 2025. There are five major components of the UPS benefits, starting with the assurance that government employees …

Rajasthan increases gratuity limit for government employees; no decision on UPS implementation
3 months, 3 weeks ago

Rajasthan increases gratuity limit for government employees; no decision on UPS implementation

The Hindu  

The Bharatiya Janata Party government in Rajasthan on Wednesday announced an increase in the maximum limit in the gratuity amount for the employees from ₹20 lakh to ₹25 lakh in line with the Central government officials. The State Cabinet, which considered the issue of bringing UPS for the government employees at its meeting held here, did not arrive at a …

NPS won't be rolled back, UPS is to improve it, no compulsion for states to adopt it: FM Nirmala Sitharaman
3 months, 3 weeks ago

NPS won't be rolled back, UPS is to improve it, no compulsion for states to adopt it: FM Nirmala Sitharaman

Hindustan Times  

The Unified Pension Scheme is “not a compulsion for states” since they are capable of making their own decisions, Finance Minister Nirmala Sitharaman said on Tuesday, August 27, 2024, but added that she hoped most states would adopt it “as it has a lot of benefits for employees.” Union Finance minister Nirmala Sitharaman hopes most states would adopt the UPS …

Unified Pension Scheme: How does it differ from the Old and New Pension Scheme?
3 months, 3 weeks ago

Unified Pension Scheme: How does it differ from the Old and New Pension Scheme?

The Hindu  

The story so far: Fulfilling a long-standing demand of government unions, the Centre on Saturday, unveiled a new ‘Unified Pension Scheme’ assuring government employees half their last drawn salary as a lifelong monthly benefit. The move is also a surprising rollback by the NDA government as it was the original NDA – the Atal Bihari Vajpayee government – which had …

Ecostani | Unified Pension Scheme, a moral victory for the Opposition
3 months, 3 weeks ago

Ecostani | Unified Pension Scheme, a moral victory for the Opposition

Hindustan Times  

The Unified Pension Scheme approved by the Union government on Saturday — a mix of contribution and assured pension, to replace the New Pension Scheme, a wholly contributory mechanism — will provide some social security to government employees after retirement. The scheme, which is virtually akin to the Old Pension Scheme that NPS replaced in 2004, assures government employees 50% …

Unified pension scheme: T.N. government begins studying possible implications over UPS
3 months, 3 weeks ago

Unified pension scheme: T.N. government begins studying possible implications over UPS

The Hindu  

Even as the Tamil Nadu government is awaiting full details of the Unified Pension Scheme, it has begun the preliminary task of studying possible implications in the event of the adoption of such a scheme in the State. As and when the government decides to implement the State-specific pension scheme, the political leadership would prefer to wait for an “opportune …

State government replaces NPS with sweeter revised pension scheme
3 months, 3 weeks ago

State government replaces NPS with sweeter revised pension scheme

Hindustan Times  

MUMBAI: Within 24 hours of the union government’s approval of the Unified Pension Scheme to replace the New Pension Scheme for its employees, the Mahayuti government approved the UPS for around 8.3 lakh employees in a cabinet meeting on Sunday. HT Image Around 1.4 million government and semi-government employees, including Class 1 officers, Class 4 employees and teachers, had threatened …

'UPS Not A U-Turn, But An Improvement': Top Government Official Defends Unified Pension Scheme
3 months, 3 weeks ago

'UPS Not A U-Turn, But An Improvement': Top Government Official Defends Unified Pension Scheme

News 18  

As Opposition and opposition-ruled states plan to confront and defy the Centre on the Unified Pension Scheme, the government has reached out to them again to convince them that it would make financial prudence to adopt the UPS and abandon the Old Pension Scheme. So, it would, and I hope they realise it, make sense to switch.” “In fact, experts …

Middle path: On the Unified Pension Scheme
3 months, 4 weeks ago

Middle path: On the Unified Pension Scheme

The Hindu  

The Centre has restored guaranteed pensions for its employees, meeting their demand halfway, and weakly trying to hold on to principles of fiscal prudence. Pension schemes around the world, whether contributory and market linked or underwritten by the exchequer, are facing a crisis, due to multiple factors, including demographic reasons. The Unified Pension Scheme, approved by the Cabinet, promises a …

What Is Unified Pension Scheme? See What Changes It Brings
3 months, 4 weeks ago

What Is Unified Pension Scheme? See What Changes It Brings

ABP News  

The Government of India on Saturday gave a nod to the Unified Pension Scheme for government employees. The UPS comes after the central government employees have been demanding changes in the new pension scheme. Unified Pension Scheme The latest scheme announced by the central government puts in place the provision of a fixed assured pension. New Pension Scheme All central …

Top News: New Unified Pension Scheme to Be Implemented from 2025 | ABP News
3 months, 4 weeks ago

Top News: New Unified Pension Scheme to Be Implemented from 2025 | ABP News

ABP News  

The Modi government has introduced a significant benefit for government employees by approving the Unified Pension Scheme. This new scheme aims to ensure guaranteed pensions, family pensions, and a minimum assured pension for central employees. Under the new scheme, pensioners will receive 50% of their average basic pay from the last 12 months before retirement, provided they have served for …

Unified Pension Scheme is a U-turn That Will Have Severe Fiscal Implications
3 months, 4 weeks ago

Unified Pension Scheme is a U-turn That Will Have Severe Fiscal Implications

The Quint  

It is important to note that the NPS was introduced by the Vajpayee government because of a "fundamental issue" associated with the OPS, that is, it was unfunded and will ultimately balloon the nation’s fiscal deficit to unsustainable levels. In 1990-91, the Centre’s pension bill was Rs 3,272 crore, and the outgo for all states put together was Rs 3,131 …

Unified Pension Scheme: Who is eligible? What's the minimum amount? Explained
3 months, 4 weeks ago

Unified Pension Scheme: Who is eligible? What's the minimum amount? Explained

Hindustan Times  

The union cabinet on Saturday approved a Unified Pension Scheme, which will benefit approximately 23 lakh government employees and will serve as an alternative to the National Pension System. Union minister Ashwini Vaishnaw briefed the media on the central government's new Unified Pension Scheme. Prime minister Narendra Modi, who chaired the meeting, posted on X saying, “The Unified Pension Scheme …

New pension scheme to benefit central govt staff
3 months, 4 weeks ago

New pension scheme to benefit central govt staff

Hindustan Times  

The Union cabinet led by Prime Minister Narendra Modi on Saturday approved a new pension policy for nearly 2.3 million central government employees, unveiling a framework that will give assured 50% of basic pay as monthly payout, assuaging federal staff unions that had sought guaranteed retirement benefits. Modi had set up a panel led by cabinet secretary-designate TV Somanathan, the …

Telangana Government Workers Reject Centre’s Pension Plan
3 months, 4 weeks ago

Telangana Government Workers Reject Centre’s Pension Plan

Deccan Chronicle  

Hyderabad: In a strong show of resistance, state government employees covered under the New Pension Scheme have expressed their firm opposition to the Unified Pension Scheme approved by the Union Cabinet on Saturday. The National Movement for Old Pension Scheme secretary-general, G. Sthitaprajna, voiced the employees' dissatisfaction with the new Unified Pension Scheme announced by the Centre. "If a government …

'Almost OPS’: Centre's Unified Pension Scheme Offers Big Bonanza For Central Employees
3 months, 4 weeks ago

'Almost OPS’: Centre's Unified Pension Scheme Offers Big Bonanza For Central Employees

News 18  

In a major decision marking almost a return to the Old Pension Scheme which had existed till 2003, the Narendra Modi government has launched the Unified Pension Scheme, conceding a major demand of central employees. The union cabinet cleared the Unified Pension Scheme on Saturday, saying, “UPS structure has elements of both OPS and NPS, and removes uncertainties of the …

Union Cabinet approves assured 50% of salary as pension under Unified Pension Scheme
3 months, 4 weeks ago

Union Cabinet approves assured 50% of salary as pension under Unified Pension Scheme

The Hindu  

Union Cabinet on Saturday approved an assured 50% of salary as pension for 23 lakh government employees who joined service under the National Pension System. Announcing Cabinet decisions, Information and Broadcasting Minister Ashwini Vaishnaw said the Unified Pension Scheme announced that government employees will now be eligible to get 50% of the average basic pay drawn over the last 12 …

Unified Pension Scheme: Key features and benefits for retirees explained
3 months, 4 weeks ago

Unified Pension Scheme: Key features and benefits for retirees explained

Hindustan Times  

The Union Cabinet has approved a major reform in the pension system by introducing the Unified Pension Scheme. The introduction of the Unified Pension Scheme comes in response to widespread demands from government employees for changes in the New Pension Scheme. Union minister Ashwini Vaishnaw outlined that the Unified Pension Scheme is built on five key pillar. "Following extensions consultations …

Centre approves ‘Unified Pension Scheme’ for govt employees
3 months, 4 weeks ago

Centre approves ‘Unified Pension Scheme’ for govt employees

Hindustan Times  

The Narendra Modi government on Saturday approved assured 50 per cent of salary as pension for government employees under Unified Pension Scheme. ‘50% assured pension is first pillar of scheme’: Vaishnaw “A 50% assured pension is the first pillar of the scheme.second pillar will be assured family pension.About 23 lakh employees of the central government would benefit from the Unified …

Budget 2024: Govt may double minimum guaranteed amount under Atal Pension Yojana
5 months, 1 week ago

Budget 2024: Govt may double minimum guaranteed amount under Atal Pension Yojana

India TV News  

Budget 2024: The government is considering a proposal to increase the minimum guaranteed amount under its popular social security initiative, Atal Pension Yojana. Proposals to make scheme more attractive As of June 20, there have been more than 66.2 million enrollments in the Atal Pension Yojana, with 12.2 million new accounts added in the financial year 2023-24 alone. Economically deprived …

Budget 2024: Central govt employees may receive 50 per cent of last drawn salary as pension under NPS
5 months, 2 weeks ago

Budget 2024: Central govt employees may receive 50 per cent of last drawn salary as pension under NPS

India TV News  

As the Finance Ministry prepares to present the 2024–25 fiscal year budget, the National Democratic Alliance government is contemplating a significant reform for central government employees. According to a report by the Times of India, the government may offer 50% of the last drawn salary as a pension under the National Pension System. Addressing employee concerns This proposed move aims …

Senior Citizens In Andhra Pradesh Overjoyed As Govt Raises Pension To Rs 7,000
5 months, 3 weeks ago

Senior Citizens In Andhra Pradesh Overjoyed As Govt Raises Pension To Rs 7,000

News 18  

The old people in a district in Andhra Pradesh are experiencing boundless joy through an arts and pension program. The pension distribution initiative, especially active in the Kakinada Rural, Prattipadu, Jaggampet and Tuni constituencies of the joint East Godavari districts, begins early at 5 am. Unlike before, when volunteers would deliver pensions door-to-door, the current method involves personal visits by …

Government restores NTR’s name to enhanced pension scheme in Andhra Pradesh
6 months, 1 week ago

Government restores NTR’s name to enhanced pension scheme in Andhra Pradesh

The Hindu  

While enhancing the social security pension for various categories of beneficiaries in Andhra Pradesh, Chief Minister N. Chandrababu Naidu restored the name of the scheme after TDP founder N.T. 43 issued by Chief Secretary Neerabh Kumar Prasad through the Panchayat Raj and Rural Development Department on June 13, the government named its as ‘NTR Bharosa Pension Scheme’. As promised by …

Eye on polls: BJD govt in Odisha hikes old age pension amount by 500
10 months, 1 week ago

Eye on polls: BJD govt in Odisha hikes old age pension amount by 500

Deccan Chronicle  

Bhubaneswar: In an apparent move to impress the elderly voters in Odisha, the state government Saturday hiked the monthly financial assistance given to them under the Madhu Babu Pension scheme. Chief Minister Naveen Patnaik announced the hike by Rs 500.With this hike, a beneficiary will be entitled to receive a minimum monthly pension of Rs 1,000. After the hike, beneficiaries …

India urgently requires universal pension plan, say senior citizens
11 months, 2 weeks ago

India urgently requires universal pension plan, say senior citizens

The Hindu  

In the absence of a social security scheme, India should urgently introduce a universal pension scheme to ensure economic security for its retired and elderly population. Stagnant pension sum According to Mr. Gangadhar, the government of India runs Indira Gandhi National Old Age Pension Scheme, and pays ₹2,000 per month to citizens above the age of 60 who are Below …

Maharashtra Cabinet permits OPS option for government employees hired through ads issued before November 2005
11 months, 2 weeks ago

Maharashtra Cabinet permits OPS option for government employees hired through ads issued before November 2005

The Hindu  

The Eknath Shinde-led Maharashtra Cabinet on Thursday cleared a proposal that offers State government employees who joined service after November 2005 on the basis of recruiting The decision comes days after government and semi-government employees struck work, demanding the restoration of the OPS. “It was decided in the Cabinet meeting today to give the old pension scheme option to those …

The Old Pension Scheme wildfire must be stopped before it’s too late
1 year, 1 month ago

The Old Pension Scheme wildfire must be stopped before it’s too late

Live Mint  

The political battle between protecting the National Pension System and going back to the Old Pension Scheme is heating up, thanks to the various state elections just started. Public opinion and voter passion is being stirred by presenting the OPS as ‘pro-people’ and NPS as ‘anti-people.’ Meme creators and slogan writers are busy making graphic and emotive campaigns. OPS guarantees …

‘We strongly support’: Kejriwal on demands to bring back old pension scheme
1 year, 2 months ago

‘We strongly support’: Kejriwal on demands to bring back old pension scheme

Hindustan Times  

Delhi chief minister Arvind Kejriwal on Sunday expressed his support for the demands of central and state government employees to reinstate the old pension scheme, who have also staged a protest for the same. The Congress party also joined the chorus in support of the protest against the New Pension Scheme and the call to restore the old pension scheme. …

Govt mulling over assured pensions at 40-45% as some states move back to OPS
1 year, 6 months ago

Govt mulling over assured pensions at 40-45% as some states move back to OPS

Live Mint  

Amid the politics of the Old Pension Scheme vs National Pension Scheme, the Government of India officials on Wednesday said that they are mulling over some changes in the new market-linked pension scheme which will ensure employees a minimum pension of 40%-45% of their last drawn salary, a report by Reuters said. The development comes as many Opposition-ruled states in …

Should States revert to the Old Pension Scheme? | The Hindu Parley Podcast
1 year, 6 months ago

Should States revert to the Old Pension Scheme? | The Hindu Parley Podcast

The Hindu  

The National Pension Scheme was launched in 2004. While the older pension scheme offered defined benefits to all government employees without any contribution on their part, the NPS requires employees to contribute a sum throughout their working years. Almost two decades after the NPS came into effect, several States are switching back to the Old Pension Scheme. Earlier this year, …

Indian Govt Forms Panel to Review Pension System; Details
1 year, 8 months ago

Indian Govt Forms Panel to Review Pension System; Details

News 18  

The Indian government has formed a panel to review the country’s pension system and discuss whether changes are warranted, the finance ministry said on Thursday. Finance Minister Nirmala Sitharaman announced last month that the government would consider changes to the country’s pension system to be used by both the federal and all state governments, seeking to unify the different schemes …

Amid Protests In Several States, Centre To Form Panel To Look Into Pension System Of Govt Staff
1 year, 8 months ago

Amid Protests In Several States, Centre To Form Panel To Look Into Pension System Of Govt Staff

ABP News  

Amid massive protests in several states by government employees demanding restoration of the old pension scheme, Union Finance Minister Nirmala Sitharaman on Friday said the Centre would form a committee to look into issues related to pension, ANI reported. READ | 18 Lakh Maha Govt Staff Go On Strike For Old Pension Scheme After Failed Talks From 2004, the Central …

Restore old pension scheme, Central Government officers urge Cabinet Secretary
1 year, 9 months ago

Restore old pension scheme, Central Government officers urge Cabinet Secretary

The Hindu  

A section of officers, led by the Confederation of Central Government Employees and Workers and the All India State Government Employees Federation, has approached Cabinet Secretary Rajiv Gauba demanding that the old pension scheme be restored and the National Pension Scheme revoked. The organisations said the Defined Benefit Pension Scheme, or the OPS, for government employees was a well-built and …

Maharashtra: 17 lakh govt employees go on strike for Old Pension Scheme
1 year, 9 months ago

Maharashtra: 17 lakh govt employees go on strike for Old Pension Scheme

Live Mint  

Lakhs of employees of the Maharashtra government went on strike on Tuesday seeking restoration of the Old Pension Scheme. From sanitation workers to teachers, from paramedics at hospitals to other government staff, everyone has joined the strike for the implementation of the old pension scheme on Tuesday. Under Old Pension Scheme, the pension amount is provided by the government, which …

Maharashtra CM announces committee to study implementation of Old Pension Scheme
1 year, 9 months ago

Maharashtra CM announces committee to study implementation of Old Pension Scheme

The Hindu  

The Maharashtra government on Monday to set up a committee consisting of senior bureaucratic officers to look into the demand of the State government employees to implement the old pension scheme in the State. Therefore, the government is not against the principle behind the demand to implement the old pension scheme. This committee will submit the report in a timely …

’Find less costly ways...’: Raghuram Rajan speaks on Old Pension Scheme
1 year, 9 months ago

’Find less costly ways...’: Raghuram Rajan speaks on Old Pension Scheme

Live Mint  

Former RBI Governor Raghuram Rajan has expressed his concern regarding the Old Pension Scheme. He said that restarting the old pension scheme would be an enormous obligation in the long run, adding, "less costly ways should be found to address the demands of government pensioners". The former RBI governor said the old pension scheme does involve massive future outlays because …

In Maharashtra Council, Devendra Fadnavis echoes Montek Singh Ahluwalia to counter Old Pension Scheme demand
1 year, 9 months ago

In Maharashtra Council, Devendra Fadnavis echoes Montek Singh Ahluwalia to counter Old Pension Scheme demand

The Hindu  

Maharashtra Deputy Chief Minister Devendra Fadnavis on March 3 echoed in the Legislative Council former Planning Commission deputy chairman Montek Singh Ahluwalia’s Opposition to the Old Pension Scheme. Mr. Fadnavis was responding to a question raised by Congress member Rajesh Rathod regarding the State’s plans on the implementation of OPS for teachers and State government employees who joined after 2005. …

Maharashtra not entirely negative on Old Pension Scheme: Devendra Fadnavis
1 year, 9 months ago

Maharashtra not entirely negative on Old Pension Scheme: Devendra Fadnavis

India Today  

Maharashtra's Deputy Chief Minister Devendra Fadnavis on Friday said that the government is not "entirely negative" about the Old Pension Scheme for government employees, but added that any decision on the plan will have to be made keeping in mind the state's finances. Fadnavis's latest remarks came hours after he echoed Montek Singh Ahluwalia’s opposition to the old pension scheme …

Is there a middle way between the Old Pension Scheme and the New Pension Scheme? | In Focus podcast
1 year, 10 months ago

Is there a middle way between the Old Pension Scheme and the New Pension Scheme? | In Focus podcast

The Hindu  

Five states – Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh – have informed the Centre that they would be reverting to the Old Pension Scheme. Some analysts even believe that one of the reasons for the Congress victory in Himachal was its campaign promise to revert to the Old Pension Scheme. But government employees in different states have staged protests …

CM Shinde to set up state level committee on OPS
1 year, 10 months ago

CM Shinde to set up state level committee on OPS

Hindustan Times  

MUMBAI: A day after Chief Minister Eknath Shinde backed the Old Pension Scheme at a function of teachers’ association in Sindhudurg district, he took a step forward and announced that his government will constitute a state level committee to discuss the financial, legal and administrative aspects of the scheme. We will nominate some teachers as members as well, so that …

Shinde goes against Union govt stand, assures OPS in Sindhudurg
1 year, 10 months ago

Shinde goes against Union govt stand, assures OPS in Sindhudurg

Hindustan Times  

MUMBAI: Chief Minister Eknath Shinde on Thursday said his government would consider implementing the Old Pension Scheme. Shinde’s comments, made at a function of teachers’ association, in Sindhudurg district on Thursday, gain significance as just three weeks ago, his deputy Devendra Fadnavis had said during a campaign speech that he was not “negative” about OPS. Both Prime Minister and Finance …

Will populist politics push Maharashtra back to Old Pension Scheme regime?
1 year, 10 months ago

Will populist politics push Maharashtra back to Old Pension Scheme regime?

India Today  

In the recent elections to the Maharashtra state legislative council from the teachers’ and graduates’ constituencies, the ruling BJP faced a shock defeat in four of five seats. Apart from infighting and poor preparation, another reason attributed to the BJP’s setback was the rising tide of demands that the Old Pension Scheme be reintroduced for government and semi-government employees in …

Maharashtra government ‘positive’ about old pension scheme: CM Eknath Shinde
1 year, 11 months ago

Maharashtra government ‘positive’ about old pension scheme: CM Eknath Shinde

Hindustan Times  

State government is positive about about implementing the old pension scheme for teachers and government employees, Maharashtra chief minister Eknath Shinde said on Saturday while addressing a rally ahead of the legislative council election. "The government is positive about the old pension scheme for teachers and government employees, non-aided schools, and also for 25 per cent reservation in English medium …

New pension scheme vs old pension scheme: Here is all you need to know
1 year, 11 months ago

New pension scheme vs old pension scheme: Here is all you need to know

India TV News  

The Indian government introduced a new pension scheme for its citizens, known as the National Pension System in 2003 and came into effect in the following year. The OPS, on the other hand, is a defined benefit scheme that provides a pension based on the individual's last drawn salary and the number of years of service. Under the OPS, the …

Sukhvinder Sukhu Cabinet Gives Nod To Restore Old Pension Scheme In Himachal Pradesh
1 year, 11 months ago

Sukhvinder Sukhu Cabinet Gives Nod To Restore Old Pension Scheme In Himachal Pradesh

ABP News  

The Congress government in Himachal on Friday decided to restore the old pension scheme in the first Cabinet meeting of Chief Minister Sukhvinder Singh Sukhu. Ahead of the meeting, Sukhu on Thursday said: "We are not restoring the Old Pension Scheme for votes but to give social security and safeguard the self-respect of the employees who have scripted the history …

Why chorus against new pension scheme has become a raging political issue in many states
1 year, 11 months ago

Why chorus against new pension scheme has become a raging political issue in many states

India Today  

“I certainly share the view that this move is absurd and a recipe for financial bankruptcy,” said Montek Singh Ahluwalia on January 6, responding to certain states’ decision to get back to the Old Pension Scheme. But his defense of the new pension scheme brought by the previous government led by the BJP in 2004 has not cut with many …

ECONOMIC PERSPECTIVES | Debate over old pension scheme divides State governments and Centre
1 year, 11 months ago

ECONOMIC PERSPECTIVES | Debate over old pension scheme divides State governments and Centre

The Hindu  

Published : Dec 29, 2022 10:15 IST In moves that are gathering momentum, a number of State governments are announcing or implementing decisions to reverse their shift to the new pension scheme designed largely by the Centre. Under the OPS, those who were members of the scheme, which consisted mainly of regular employees of the Central and State governments, made …

Old pension scheme will put burden of ₹1.10 lakh crore on exchequer, Maharashtra govt won't revert to it: Fadnavis
2 years ago

Old pension scheme will put burden of ₹1.10 lakh crore on exchequer, Maharashtra govt won't revert to it: Fadnavis

The Hindu  

Maharashtra Deputy Chief Minister Devendra Fadnavis on Wednesday said the government will not revert to the old pension scheme as it would put a burden of ₹1.10 lakh crore on the exchequer and lead to bankruptcy of the state. He also lauded the then Congress-Nationalist Congress Party government for taking the decision of stopping the old pension scheme in the …

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