One Rank One Pension Cleared in Principle, PM Modi to Take Final Call

One Rank One Pension Cleared in Principle, PM Modi to Take Final Call: Sources

NEW DELHI: The Centre has in principle cleared the ‘One Rank One Pension’ scheme for retired armed forces personnel, sources have told NDTV. The Govt has made a provision for an additional Rs.8300 crore for this purpose.

Sources say once Prime Minister Narendra Modi is back on May 19 from his three-nation tour, a final round of discussions will take place with him. The official announcement is likely to be made later this month, coinciding with the first anniversary celebrations of the NDA government.

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One Rank One Pension will clear in a few days – Defence Minister

One Rank One Pension cleared – Parrikar

PANAJI: The much-awaited “one rank, one pension” (OROP) for the armed forces is likely to be cleared in a few days, defence minister Manohar Parrikar said in Goa on Saturday.

“OROP proposal is in final stage. The defence ministry has approved it and the finance ministry will clear it in a few days,” he added.

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One Rank One Pension : Defence Ministry has arrived at a consensus formula of OROP

One Rank One Pension: Finance Ministry to take call

The Defence Ministry has arrived at a consensus formula of One Rank One Pension (OROP) with the defence forces and has referred the calculations to Finance Ministry for its decision. This was informed by the defence ministry to the parliamentary standing committee on defence.

In a scathing observation, the standing committee observed that the OROP “issue has been protracted for considerably long passage of time and it is beyond the understanding of the Committee as to what reasons are preventing the Government from making necessary decisions and arriving at a solution”.

“We are pursuing intensively with the Ministry of Finance also. Our target, naturally, is that these are the commitments of the Government. They have to be honoured as fast as possible,” the defence ministry told the standing committee.

In September 2013, Narendra Modi, in his first public rally after being made the NDA’s Prime Ministerial candidate, promised the implementation of OROP. The UPA government announced the implementation of OROP in the interim budget of 2014-15 and allotted Rs 500 crore towards it. Finance Minister Arun Jaitley reaffirmed the commitment by allotting Rs 1,000 crore in his first full budget last year.

Read more at : The Indian Express

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