Govt accepts 'one rank, one pension' for defence forces
February 17, 2014 14:58
The long-standing demand of ex-servicemen for 'one-rank, one-pension' was accepted by the government today with Finance Minister P Chidambaram making an announcement in this regard in the interim budget.
Presenting the interim budget, Chidambaram said the government would transfer Rs 500 crore to the defence pension account for implementing one rank, one pension scheme.
The decision, likely to benefit around three million defence pensioners, will come into effect from 2014-2015.
The two UPA governments, he said, had made changes in the pension rules for defence services on three occasions but some gaps remained in the ranks of 'Sepoy' and 'Naik' among non-officers and 'Major' and above among officers.
Presenting the interim budget, Chidambaram said the government would transfer Rs 500 crore to the defence pension account for implementing one rank, one pension scheme.
The decision, likely to benefit around three million defence pensioners, will come into effect from 2014-2015.
The two UPA governments, he said, had made changes in the pension rules for defence services on three occasions but some gaps remained in the ranks of 'Sepoy' and 'Naik' among non-officers and 'Major' and above among officers.
TOP STORIES
© 2024 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Feedback - About us - Terms of use - Grievances