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Union Finance Minister Nirmala Sitharaman on Monday refused to give the money set aside for the New Pension Scheme (NPS) to the state governments for the Old Pension Scheme (OPS). The Finance Minister said, if any state decides for any reason that the funds for NPS can be taken from the Centre, then it will not be available. It is important to mention here that Rajasthan had recently announced OPS for its state employees. In fact, the Congress government has announced OPS in Himachal Pradesh as well. The latest announcement of the Finance Minister will give a jolt to this old pension scheme.
they will get the employee’s money
Sitharaman said that it is the employee’s money and that money will come in the hands of the employee at the time of retirement or whenever the employee needs it. Talking to the media after discussing the budget at a hotel here on Monday, Sitharaman said, the money collected will not go to the state government. This money will be given to the employee only when the right time comes. On the free schemes being run by the Rajasthan government, Sitharaman said, “When the financial condition of the government is good, (you) run such schemes.” Make provision for them in your budget. If the financial condition of your state is not good, you are not making provision in the budget, you are taking loan for that, then it is not right. Who will give this money? That’s why the Finance Secretary said that there is no free lunch.
States have to mobilize their resources
The Finance Minister further said, “For bringing such schemes, the states should raise funds from their own resources and earn from taxes. It is wrong for the states to pass on their burden for free schemes. Barmer Petro Chemicals on political grounds. On the question of stalling the work of the hub, Sitharaman said, “Congress leaders have no right to blame the Narendra Modi-led government. Congress has no right to blame the Modi government. It has done nothing to reach out to the people of Gujarat.” Stopped the water of Narmada.
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