Finance Minister Assertion: Good Information for Authorities workers! Pension and maternity advantages will improve within the new yr

Authorities workers can get nice information within the new yr. The train of getting ready the overall funds for the monetary yr 2023-24 has began. In the meantime, the Finance Minister has been demanded to extend pension beneath social safety and make satisfactory provision for maternity advantages. Let’s know the most recent replace.

The brand new yr can convey many nice information for presidency workers. Whereas on the one hand there may be discuss of sealing many large selections associated to wage, alternatively there are possibilities of improve in pension and maternity advantages. Truly, Finance Minister Nirmala Sitharaman will current the funds for the following monetary yr (Union Price range 2023) on February 1, 2023. Together with this, the preparations for the funds are additionally happening at a quick tempo. In the meantime, large economists have demanded to extend pension beneath social safety and make satisfactory provision for maternity advantages earlier than the funds of the following monetary yr.

Demand to extend pension

In actual fact, economists have demanded the Finance Minister to extend pension beneath social safety and make satisfactory provision for maternity advantages. For this, he has written a letter to the Finance Minister. Those that have signed the letter embody Jean Dreze, Professor Emeritus at Delhi Faculty of Economics, Pranab Bardhan, Professor Emeritus at College of California Berkeley, R Nagaraj, Professor of Economics at Indira Gandhi Institute of Improvement Analysis (IIDR), Mumbai, IIT Delhi Professor of Economics Ritika Khera, Honorary Professor of JNU Sukhdev Thorat and others are included. The economists who signed the letter have additionally demanded full implementation of maternity rights beneath NFSA norms within the funds for the monetary yr 2023-24. Allow us to inform you that at the least Rs 8,000 crore might be required for this.

A letter was additionally written to the previous Finance Minister

Based on the data given by the information company language, economists have instructed on this letter that they'd earlier written letters to former Finance Minister Arun Jaitley on December 20, 2017 and December 21, 2018. He has written on this letter, ‘We're reminding you once more by way of the letter. We now have tried to establish 2 priorities for the following Union Price range. On this, first, there's a provision for improve in pension for social safety and second, satisfactory maternity advantages.

It has additionally been written within the letter that the central authorities’s contribution to the pension of the aged beneath the Nationwide Outdated Age Pension Scheme (NOAPS) has remained stagnant at simply Rs 200 monthly since 2006. Whereas this isn't right. The central authorities’s contribution needs to be elevated instantly to at the least Rs 500 (if attainable extra). In actual fact, in view of the rising inflation, this demand has been raised earlier additionally from the pensioners.

Dialogue on widow pension can also be attainable

The letter states, “Primarily based on the present 2.1 crore pensioners, a further provision of round Rs 7,560 crore is required for this. Equally, the pension for widows needs to be elevated from Rs.300 monthly to Rs.500 monthly. It has been instructed that the pension merchandise for widows will price Rs 1,560 crore.

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