OROP: Good news for military personnel! Govt may grant OROP to premature retirees

New Delhi, Feb 19: There is a good news for the premature retirees as the One Rank One Pay (OROP) scheme which was earlier denied to them will granted to them too.

Defence Minister Manohar Parrikar on Thursday said the government was reconsidering denial of OROP to all military personnel who opt for premature retirement from the service.

Also read: 7th Pay Commission: Good news for defence personnel! Govt to address concerns over OROP, allowance

OROP: Good news for military personnel!
In an interview, Parrikar said a one-member judicial commission can also relook at equilising pensions.

The One Rank One Pension (OROP) scheme announced by the government at present does not cover those who take early retirement, something that the veterans demanding OROP have opposed.

Equilisation of pensions at present under OROP is to be done every five years, while the veterans want it to be done every year. Parrikar said while talking to Karan Thapar.

Asked about the 7th Pay Commission and the concerns of the forces, the minister said it is being studied, and promised "rectification".

Also read: Finally, OROP implementation tables issued

Talking about the big-ticket Rafale deal, the defence minister said that price is a big problem that is delaying the government-to-government deal for the fighter jets, even as France has on a percent offsets clause, a statement from the channel said.

India signed an inter-governmental pact with France to buy 36 Rafale fighters but the price negotiations are still on. France is said to have quoted around $9 billion for the 36 jets.

The deal would includes two types of missiles abd bombs, training of pilots and base facilities for the planes.

Government is likely to present a "run-of-the-mill" budget with an fiscal slippage to 3.7 per cent of the GDP in the next fiscal from an earlier target of 3.5 per cent, a Nomura report said.

Also read: 7th Pay Commission: Good News! PMO orders to speed up review process; notification soon

According to the Japanese financial services major, the government is likely to meet its fiscal deficit target of 3.9 per cent of GDP in the current financial year, but in 2016-17 it might slip to 3.7 per cent as against an earlier target of 3.5 per cent.

The increase in the wages and pensions burden owing to the Seventh Pay Commission and the One Rank One Pension scheme will be the main reasons for the slippage, it said.

OneIndia News

(With inputs from agencies)

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