The Government of India, after what seemed to be quite a long wait for the Ex-Servicemen of the various sections of the armed forces, has announced the adoption of the One-Rank One Pension scheme. The announcement of the news through various digital and electronic media has created a flutter amongst the ex-servicemen of the nation, curious to study the impact of the new scheme on their pension disbursements.
There is an underlying satisfactory note that can be observed in our veterans, considering that the pension for most , for whom at the time of the their discharge in the early 70s has risen in a linear fashion, via the revisions upto the Sixth Pay Commission of India, from a meager 200 ₹ to approximate 6000 ₹, keeping multiple economic factors into account. The current addition of the arrears to their pension , calculated from June 2014, would materialize in the form of half yearly payouts to their pension accounts, and will result in the pension for each ex-serviceman to be adjusted according to the One Rank One Pension Guidelines.
The Government of India, through the Ministry of Defense Website , The Controller General of Defense Accounts provides defense pensioners the facility to know their current pension disbursement amount through an initiative called Suvigya.
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