Just in: The union government is likely to announce the One Rank One Pension (OROP) in the next 48 hours.  The OROP will affect defence veterans and widows of soldiers.


According to the OROP draft accessed by CNN-IBN, the date of effectiveness of the scheme will be July 1, 2014 and the base year will be 2013. The veterans had been demanding that the scheme be implemented from April 1, 2014.


But the biggest sticking point is the time duration for equalisation of pension. While the government draft says equalisation of pension will take place every five years defence veterans have made it clear that it should happen every year and if that is not possible then at least once in two years.