Cannot consider one-year pension revision under OROP: Parrikar

Last Updated: Wednesday, September 9, 2015, 00:25

Defence Minister Manohar Parrikar Tuesday said the demand of armed forces veterans for annual revision of pension under "One Rank One Pension" (OROP) scheme could not be considered as definition of OROP does not specify any timeframe for upgradation of pension.

OROP payout unlikely to scuttle fiscal deficit target: Nomura

Last Updated: Monday, September 7, 2015, 18:51

Financial services major Nomura Monday said though the implementation of 'One Rank, One Pension (OROP)' is going to put fiscal burden to the tune of around Rs 10,000 crore, the government is unlikely to miss the fiscal deficit target this year.

OROP no threat to fiscal arithmetic: Jayant Sinha

Last Updated: Monday, September 7, 2015, 18:06

Government Monday ruled out the possibility of additional financial burden of Rs 8,000-10,000 crore on account of OROP scheme hurting the fiscal consolidation programme, saying there was "space" to absorb it.

OROP to cost Rs 16,000 crore in FY16; to impact fiscal math: HSBC

Last Updated: Monday, September 7, 2015, 17:11

One Rank One Pension (OROP) will have a significant impact on the country's fiscal bill and the overall cost will be around Rs 16,000 crore in the current financial year, says an HSBC report.