Old pension scheme to exert huge burden on state finances: RBI
There is a need for review of the current system of grants from the Centre to the states, says RBI.
old pension scheme
December 2023
September 2023
January 2023
June 2022
March 2022
States reverting to OPS from NPS major step ‘backwards’: RBI
Fiscal burden due to OPS could be as high as 4.5 times that of NPS, with burden reaching 0.9% of GDP annually by 2060
RBI warns states against old pension scheme, calls it 'major risk'
The development comes at a time when Congress-ruled states like Himachal Pradesh, Chhattisgarh and Rajasthan have opted to roll out the old pension scheme.
RBI says state debt levels unsustainable; Punjab worst hit
Relaunch of the old pension scheme by some states and rising expenditure on freebies are expected to stretch state government finances.
Rajasthan decision to revert to old pension a hard hit on NexGen finances
The pay-as-you-go scheme for pension is supposed to be a whacking on the finances of the current generation of taxpayers.
