6 months ago
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The organisation of the hiked societal information and payment money committee pensions volition statesman successful November, Finance Minister K.N. Balagopal said connected Friday.
Beneficiaries would get ₹3,600 each successful November towards these pensions; ₹2,000 towards the hiked pension; and ₹1,600 towards a pending instalment. The organisation of the pensions volition statesman connected November 20.
As portion of a slew of payment measures, Chief Minister Pinarayi Vijayan had announced a ₹400 hike successful the societal information and payment money committee pensions taking them from ₹1,600 a period to ₹2,000.
The Finance section has authorised the merchandise of ₹1,042 crore for the organisation of the hiked pension and ₹824 crore for the pending instalment. The second constitutes the 5th and last 1 of the pension instalments that were successful backlog, Mr. Balagopal said.
Financial burden
The fiscal load connected societal information pensions has risen to ₹1,050 crore a period with the hike. Annually, this load is astir ₹13,000 crore. The existent LDF authorities has truthful acold spent ₹45,517 crore connected these pensions meant for the aged and underprivileged sections. The erstwhile LDF authorities spent ₹35,154 crore for gathering this commitment.
Of the 62 lakh beneficiaries of the societal information and payment money committee pensions, 8.46 lakh pensioners are eligible for a tiny Central stock of up to ₹300 successful their monthly support. The State authorities pays this magnitude successful advance. But the Centre has tally up arrears connected their reimbursement to the State, which has present mounted to implicit ₹400 crore, Mr. Balagopal said.
