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One Rank One
Pension To Cost Exchequer Rs 7,500 crore-10,000 Crore
Read at : Economic Times
By PTI | 25 Mar, 2015 CHANDIGARH:
Implementation of 'One Rank One Pension' scheme, the
long-standing demand of Armed Forces veterans, is likely to cost the exchequer
Rs 7,500 crore to Rs 10,000 crore, Union Minister Rao Inderjit Singh said
today.
The government has already made it clear that
One Rank One Pension (OROP) will be implemented with
effect from April 1, 2014, the Minister of State for Defence told reporters
here.
He said that the Defence Ministry had recently
forwarded to the Finance Ministry the cost which the scheme's implementation
would entail.
"It is likely to cost us somewhere between Rs
7,500 crore to Rs 10,000 crore," he said, adding that the previous UPA
government had made a mere announcement with regard to OROP.
"During the past four to five months, we have
gone deep into this. We have calculated the entire cost now," he said.
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