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HomePersonal FinanceOld Pension: Big update regarding old pension, the government made this announcement

Old Pension: Big update regarding old pension, the government made this announcement

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Old Pension Scheme Latest News: Big news is coming out about old pension across the country. At present, the old pension scheme has been restored in many states of the country. At the same time, the demand for its re-implementation is going on fast in many states. Let’s know the complete details about it.


Big news is coming out about old pension across the country. At present, the old pension scheme has been restored in many states of the country. At the same time, the demand for its re-implementation is going on fast in many states.

The Minister of State for Finance has made a big disclosure in the midst of the ongoing debate regarding the old pension and new pension system. The Modi Government (Modi Govt) has also given information about the Old Pension Scheme (OPS) in the House.

Bhagwat Karad gave information

Giving information in the Lok Sabha, Minister of State for Finance Bhagwat Karad said that at present the old pension scheme has been restored in 5 states of the country. This includes Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh. These state governments have informed the Center about implementing the old pension scheme.

Know what the report says?

Bhagwat Karad has said that according to the RBI report ‘State Finances: A Study of Budget of 2022-23’, the annual savings in fiscal resources that the move entails are short-term. These states are at risk of unfunded pension liabilities in the years to come.

Information given to PFRDA as well

Responding to a question in Parliament, the Minister of State for Finance said that the state governments of Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh have also informed the Pension Fund Regulatory and Development Authority (PFRDA) about the implementation of the old pension scheme. information has been given.

It is a matter of concern for the states

Let us tell you that many types of reports are coming out in the country regarding the old pension scheme. Recently, RBI had told that all the states which implement the old pension scheme may face the threat of financial management in the coming times.

He had further said that there has been a lot of change in the condition of the states since the pandemic, due to which the coming time can be very worrying. For this reason, RBI has said that it is a matter of concern for the states which are implementing OPS.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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