Tuesday, March 8, 2016

7CPC and OROP - Fin Min confirms fund allocations

Is it an end to the confusions ?  Whether or not budgetary provisions are made in 2016-17 budget for 7CPC and OROP. ?

It seems so . The Finance Ministry had now clarified that " close to 1 Lakh crore is provided for higher salaries and pensions on account of 7CPC and OROP implementation.

The figures are like this :

20000 crore for OROP
 ( 14000 crore for OROP and 7500 for higher Defense pensions due to 7CPC )

70000  crore for 7CPC  for higher salaries and pensions for CG employees / pensioners.

Fin Minister had clarified that this amountis not separately provisioned. But they are factored in the allocations to the Departments.

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