Today's Cancelled Trains
OROP ARREARS:CENTRAL GOVERNMENT
OROP arrears: The Narendra Modi government on Monday released the revised pensionary benefits to 221,224 defence pensioners drawing service and disability pension in which the amount along with first instalment of arrears, had been released and credited by the Defence Ministry to the accounts of the pensioners. In the case of remaining 146,335 family pensioners drawing pension from Departmental Pension Drawing Officers (DPDOs), payment along with arrears is expected to be released by March end. Banks are under process of revision work. (Reuters)
OROP arrears: These steps are a follow-up to department of Ex-Servicemen Welfare (ESW) of the Ministry of Defence's notification ordering implementation of One Rank One Pension (OROP) scheme for defence pensioners. The total additional annual financial increase for grant of OROP is Rs 7,488.70 crore. The total amount on account of arrears to be paid for the period July 1 2014 to 31 December, 2015 is Rs 10925.11 crore. (Reuters)
OROP arrears: Out of total annual liability of Rs 7,488.70 crores, PBOR family pensioners shall get Rs 6,405.59 crore, which works out to 85.5% of total expenditure of OROP. (Reuters)
OROP arrears: Due to increase in defence pension budget, the additional liability for current financial year 2015-16 shall be Rs 4,721.34 crore which will increase the current defence pension liability of Rs 60,238 crore to Rs 64,959.34 crore for the year 2015-16. (Reuters)
OROP arrears: To facilitate the pension disbursing agencies, the principal controller of defence accounts have also issued implementation instructions through a circular on 04.02.2016. The implementation instructions along with government orders are available on the website www.pcdapension.nic.in. (Reuters)
Mumbai: Top public sector lender State Bank of India Monday released arrears worth Rs 1,465 crore to 7.75 lakh defence pensioners under One Rank One Pension (OROP) scheme, as per the government rules.
he government had in November last year formally notified the OROP scheme for the more than 24 lakh defence ex-servicemen and 6 lakh war widows in the country.
"As per government guidelines, first instalment (1/4th of the total arrear amount up to February, 2016) to service pensioners and full amount of arrears to 'family pensioners' and 'gallantry award' pensioners will be paid on 14th March, 2016," SBI Chairman Arundhati Bhattacharya said in a statement.
"All pensioners will get revised basic (pension) from March, 2016 onwards," she said.
The bank has the largest share of defence pensioners and serves about 50 percent of total defence pensioners across the country, he said.
"The first tranche of arrear payment by SBI will be around Rs 1,465 crore," Bhattacharya said.
SBI noted that while the bank has taken utmost care in the computation and release of arrears to maximum number of eligible defence pensioners, there could be cases where it has not been able to release OROP arrears due to information gaps in the data available with the bank.
"All such persons may approach their pension-disbursing branch and provide the missing information for an early release of the arrears," it added.
SBI has introduced facilities in all branches and Centralised Pension Processing Centres (CPPCs) to provide arrear details to the pensioners.
Despite a demand by protesting ex-servicemen to implement OROP with effect from April 1, 2014, the government has said that arrears would be paid with effect from July 1, 2014, and has pegged the arrears till December, 2015 at Rs 10,900 crore.
As per government directions, payment of arrears would be made by the pension-disbursing authorities in 4 installments, except for family pensioners and pensioners in receipt of gallantry awards, who will be paid arrears in one installment.
The OROP scheme is expected to cost the government Rs 7,500 crore per year.
OROP: SBI disburses Rs 1,465 crore as 1st instalment of arrears
Mumbai: Top public sector lender State Bank of India Monday released arrears worth Rs 1,465 crore to 7.75 lakh defence pensioners under One Rank One Pension (OROP) scheme, as per the government rules.
he government had in November last year formally notified the OROP scheme for the more than 24 lakh defence ex-servicemen and 6 lakh war widows in the country.
"As per government guidelines, first instalment (1/4th of the total arrear amount up to February, 2016) to service pensioners and full amount of arrears to 'family pensioners' and 'gallantry award' pensioners will be paid on 14th March, 2016," SBI Chairman Arundhati Bhattacharya said in a statement.
"All pensioners will get revised basic (pension) from March, 2016 onwards," she said.
The bank has the largest share of defence pensioners and serves about 50 percent of total defence pensioners across the country, he said.
"The first tranche of arrear payment by SBI will be around Rs 1,465 crore," Bhattacharya said.
SBI noted that while the bank has taken utmost care in the computation and release of arrears to maximum number of eligible defence pensioners, there could be cases where it has not been able to release OROP arrears due to information gaps in the data available with the bank.
"All such persons may approach their pension-disbursing branch and provide the missing information for an early release of the arrears," it added.
SBI has introduced facilities in all branches and Centralised Pension Processing Centres (CPPCs) to provide arrear details to the pensioners.
Despite a demand by protesting ex-servicemen to implement OROP with effect from April 1, 2014, the government has said that arrears would be paid with effect from July 1, 2014, and has pegged the arrears till December, 2015 at Rs 10,900 crore.
As per government directions, payment of arrears would be made by the pension-disbursing authorities in 4 installments, except for family pensioners and pensioners in receipt of gallantry awards, who will be paid arrears in one installment.
The OROP scheme is expected to cost the government Rs 7,500 crore per year.
Source:Financial Express,Zee News
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