Punjab Cabinet approves implementation of old pension scheme
Darpan News Desk IANS, 18 Nov, 2022 02:07 PM
Chandigarh, Nov 18 (IANS) Eyeing Gujarat elections, the Bhagwant Mann-led AAP government on Friday approved the notification for implementing the old pension scheme (OPS) in Punjab, directly benefitting more than 1.75 lakh government employees.
A decision to this effect was taken in the meeting of the council of Ministers held under the leadership of the Chief Minister here.
Disclosing this here today, a spokesperson for the Chief Minister's Office said the government has approved the OPS for its employees currently covered under New Pension Scheme (NPS), fulfilling a long-pending demand of employees of the state.
This will directly benefit more than 1.75 lakh employees currently covered under NPS. In addition to this, 1.26 lakh employees are already covered under the existing OPS.
The scheme is aimed at safeguarding the future of government employees and recognising their contribution towards the state. In order to ensure that the scheme being introduced is financially sustainable for the exchequer in the future also, the government will be contributing proactively towards creation of a pension corpus which will service the pension in future to the beneficiaries of the scheme.
This contribution towards the pension corpus will be Rs 1,000 crore per annum initially and will gradually increase in future.
Besides, the current accumulated corpus with NPS is Rs 16,746 crore for which the state will request Pension Fund Regulatory and Development Authority of the government of India to refund this amount for effective utilisation at its end.
Anto Alphonse, Deputy Commissioner of Police (DCP), North Delhi, said that the police have arrested Kadir Ansari, 27, and Mohammad Arif, 37, both members of an inter-state drug smuggling racket active in Delhi and Uttar Pradesh with 32.5 Kg of cannabis.
The World Bank has lowered the growth projection for India for the financial year 2021-22 to 8.3 per cent. Its previous growth estimate for the fiscal was 10.1 per cent.
Punjab Chief Minister Amarinder Singh on Monday directed the Director General of Police (DGP) to register cases under the Disaster Management Act against Opposition leaders and activists who have been staging protests in the state over the past few days.
The Delta variant accounts for more than 27 per cent of new cases in Ontario, as more international flights with Covid cases landed in Toronto last week.
India's capital allowed businesses and shops to reopen with limited hours and the Delhi Metro, which serves New Delhi and adjoining areas, also resumed operations at 50% capacity.
After Upendra Kushwaha and Sanjay Singh, Umesh Thakur, the Siwan district president of the JD-U, jumped into the fray and said that Pandey has a long criminal history. He had also molested a young girl in a train.
