Due to the Old Pension Scheme, states may ‘sink looters’, will have to bear this loss!

The assembly elections of Gujarat and Himachal Pradesh have been completed in the country. During this, the issue of Old Pension Scheme was the most prominent. But experts believe that this decision can greatly worsen the financial condition of the states.

Implementing Old Pension Scheme would be an unwise decision – Chairman of the Finance Commission

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The one issue which played the most important role in bringing Congress to power in Himachal Pradesh is Old Pension Scheme. The old pension scheme has already been restored in Congress-ruled Chhattisgarh and Rajasthan. But experts believe that this will be a decision that will spoil the financial health of the states. They may have to bear many losses.

Chairman of the 15th Finance Commission N. Of. Singh said on Friday that it would be an unwise step for the states to leave the new pension scheme. This will put them in difficulties and under pressure. While the new pension system has been implemented after much deliberation.

Manmohan Singh, Ahluwalia in favor of new pension

N. Of. Singh, Confederation of Indian Industry (CII) In a separate conversation from a program of the said that the new pension scheme was adopted after extensive deliberations. It was discussed very carefully during the previous government. Former Prime Minister Manmohan Singh was in favor of the new pension system. At the same time, Montek Singh Ahluwalia, the Deputy Chairman of the Planning Commission, also appreciated it.

N. Of. Singh said, ‘My colleague Montek Singh Ahluwalia has commented in detail on the subject that going back on the new pension scheme and adopting the old pension scheme would be a financial disaster for the state.

Old Pension Scheme will be implemented in Punjab

Where the Congress has done the work of implementing the old pension system in Rajasthan and Chhattisgarh. At the same time, this has been his biggest election promise in the elections of Himachal Pradesh. Congress has been successful in getting majority in Himachal Pradesh elections. In such a situation, there will be pressure on him to implement it there as well. While the Aam Aadmi Party (AP) That Bhagwant Mann government has talked about implementing old pension in Punjab.

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When asked that the states are restoring the old pension system. On this N. Of. Singh said, ‘It is an unwise step to leave the new pension scheme and adopt the old system. Some states which are implementing it are actually putting the state’s finances ‘under great hardship and strain’. There are solid economic arguments behind the new pension scheme.