old pension scheme

Budget 2024: Interim Budget likely to present a status report on National Pension System

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New Delhi: The February 1 interim budget is likely to present a status report on the National Pension System (NPS), said people aware of the matter. The group headed by finance secretary TV Somanathan that’s reviewing the scheme is likely to submit its report by the end of this month, they said. The panel has … Read more

Old Pension Scheme to restrict states’ capacity to undertake development activities: RBI

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Mumbai: Sounding a note of caution, a Reserve Bank report has said that reverting to the DA-linked Old Pension Scheme (OPS) will exert huge pressure on state finances and restrict their capacity to undertake developmental expenditure. The Reserve Bank’s report on ‘State Finances: A Study of Budgets of 2023-24’ also said the provision of non-merit … Read more