UPS seems more fiscally prudent than Old Pension Scheme, but reverses New Pension System’s equitable coverage. More spending on pension may limit space for spending on productive avenues.
The Short Service Commissioned officers are demanding pension and contributory provident funds rights. The plea also questions disparity with Permanent Commissioned officers.
Congress leader P Chidambaram says 'OPS very much on our minds', but adds it would be 'premature' to take a stand before report by govt committee reviewing NPS & demand for OPS is released.
The Congress has made the return of OPS a poll plank in six assembly elections. But Chakravarty says the party ‘can’t engage in competitive promises & hope that's enough to win’.
The former RBI governor batted for direct cash transfers to citizens, but said these become a problem if the transfers are untargeted and competitive before polls.
In 122-pg report tabled in Rajya Sabha, Comptroller and Auditor General showed other gaps in disbursal & recommended 'specific measures for cleaning/weeding out ineligible beneficiaries'.
Old pension scheme — discontinued at the Centre in 2003 — was not part of economic resolution passed at All India Congress Committee (AICC) plenary in Raipur.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
COMMENTS