Pensioners alert! Modi govt clears the air on 'pension reduction/stoppage' messages - Know truth here
All the Central government pensioners can now heave a sigh of relief as Modi government has confirmed that there is no proposal for reduction of pension and no action is being contemplated by the government in this respect, as per a report in PTI.
All the Central government pensioners can now heave a sigh of relief as Modi government has confirmed that there is no proposal for reduction of pension and no action is being contemplated by the government in this respect, as per a report in PTI. The assertion assumes significance as rumours are afloat that the government is contemplating reduction or stoppage of pension.
"It has come to the notice of the Department of Pensions and Pensioners' Welfare (DoPPW) that, in the wake of the current pandemic COVID-19 and the ensuing economic scenario, many rumours are afloat that the government is contemplating a reduction or stoppage of pension which has become a source of worry for the pensioners," the government said in a communique.
No such proposal for reduction of pension
"As clarified earlier, it is being reiterated that there is no such proposal for reduction of pension and no action is contemplated by the government in this respect. Instead, the government is committed for the welfare and well being of the pensioners," the communique issued by the DoPPW said.
There are 65.26 lakh central government pensioners.
Moreover, denying reports of 20 per cent cut in central government pensions as 'false', the Ministry of Finance on Sunday said that there will be no reduction in salaries and pensions.
"It is being reported that a 20 per cent cut in central government pensions is being planned. This news is FALSE. There will be no cut in pension disbursements," said a Finance Ministry tweet. "It is clarified that salaries and pensions will not be affected by the Government Cash Management instructions," it added.
Thanks for approaching seeking a clarification.
There is no cut in pension.— Nirmala Sitharaman (@nsitharaman) April 19, 2020
Earlier in the day, a concerned social media user tweeted regarding the reports on reduction in pensions. Replying to the tweet, Sitharaman said: "Thanks for approaching for a clarification. There is no cut in pensions."
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Shark Tank India Season 4: Social Media influencer Gaurav Taneja shocks sharks with his earnings, earns Rs 1 crore in 1 hour!
SIP Stock Pick For New Year 2025: Anil Singhvi recommends buying this largecap pharma stock on 10% dip
SIP in Stocks For New Year 2025: Market guru Anil Singhvi recommends 1 largecap, 2 midcap scrips to buy in dips; note down targets
Top 7 Index Mutual Funds With Best SIP Returns in 10 Years: Rs 11,111 monthly SIP investment in No. 1 fund is now worth Rs 33,18,831; know how others have fared
PPF vs SIP: Rs 12,000 monthly investment for 30 years; see which can create higher retirement corpus
Largecap, Midcap Stocks To Buy: Analysts recommend buying L&T, Tata Motors, 3 other stocks for 2 weeks; check targets
Largecap Stocks To Buy: Analysts recommend buying Maruti Suzuki, 2 other stocks for 2 weeks; check targets
Largecap PSU Stock for 65% Gain in New Year: Anil Singhvi picks PSU bank for long term; know reasons and target prices
03:19 PM IST