Nationwide Pension System: The Central Authorities will assessment it to enhance the brand new pension coverage ie NPS. For this, a committee might be constituted below the chairmanship of the Finance Secretary, which is able to care for the pursuits of presidency workers holding in view the fiscal state of affairs. Finance Minister Nirmala Sitharaman gave this info whereas presenting the Finance Invoice within the Lok Sabha on Friday.
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New technique might be made Sitharaman stated {that a} new technique might be made relating to NPS, which will be adopted by each the central and state governments. The Finance Minister knowledgeable that the committee constituted below the chairmanship of the Finance Secretary will work out a method during which the necessity of the staff is taken care of whereas sustaining fiscal prudence for the safety of the frequent residents.
This announcement from the central authorities has come at a time when many non-BJP dominated state governments have determined to carry again the previous dearness allowance linked pension scheme i.e. OPS. Workers organizations in another states are demanding this.
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