Tuesday, July 7, 2009

IESM: Chairman's Desk- Reading the 2009 Budget

Date: Monday, 6 July, 2009, 10:32 PM
Dear Colleagues,
The Finance Minister, in his budget presentation to the Parliament today, made a mention of ‘one rank one pension’. Only sketchy information is available to even those who watched him on the TV– I myself did not. Reportedly, the main beneficiaries are the pre-1997 PBOR pensioners, who have been brought at par with post-1997 and pre-2006 pensioners. That is a positive. From what is known, OROP as is commonly understood has not been sanctioned. However, fuller details have to be awaited before any objective analysis is possible.
Best regards,
Lt Gen (Emeritus) Raj Kadyan, PVSM, AVSM, VSM
Chairman IESM

2009 Budget
An allocation of Rs 2100 crores for increase in pension for defence personnel augurs well. If one reads into the allocation it is obvious that "One Rank One Pension" has been sanctioned by the Parliament and accepted by all the Politicians and finances catered for in the 2009 budget. The only riders one can, therefore, perceive are those imposed are by the bureaucrats who can downgrade at will the "OROP" by cunningly hoodwinking the Politicians.
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