One Rank One Pension – Rs. 1000 crores allocated in Budget 2014

One Rank One Pension – Rs. 1000 crores allocated in Budget 2014 for implementing OROP for Soldiers PRESS INFORMATION BUREAU GOVERNMENT OF INDIA *** DEFENCE ALLOCATION RAISED TO RS 2,29,000 CRORE CAPITAL OUTLAY FOR DEFENCE MODERNIZATION INCREASED BY RS 5,000 CRORE New Delhi: July 10, 2014 Ashadha 19,1936 Allocation for defence in this year’s General Budget…

Delay in implementation of One Rank One Pension

Delay in implementation of One Rank One Pension – Ex-Servicemen organisation express blames bureaucracy The Odisha unit of the Indian Ex-Services League today blamed the bureaucracy for non-implementation of the grant of One Rank One Pension (OROP) to all the defence personnel despite the UPA government’s announcement to this effect.Indian Army “All these days, the…

One Rank one Pension – Minister instructs MOD to implement

One Rank One Pension – Ministry of Defence has been instructed by Defence Minister to implement one rank one pension soon Defence Minister A K Antony on Thursday directed his ministry’s accounts department to immediately take steps for implementation of the ‘One Rank-One Pension’ decision. At a meeting chaired by him here on Wednesday evening,…

One Rank One Pension acceptance – Service men are Enthusiastic

Acceptance of One Rank One Pension received with much enthusiasm by the service men who had been demanding this financial security for a very long time Finance Minister P Chidambaram announced in his budget speech yesterday that Rs. 500 crore would be allocated for implementing one rank one pension for Defence Force Pensioners The “one rank,…

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Interim Budget 2014 – One Rank One Pension Accepted – No Change in Income Tax

Interim Budget 2014 – One Rank One Pension Accepted – No Change in Income Tax – Moratorium on Interest on Educational Loan taken up to 31st March 2009 No Change in Direct Tax. Interim Budget 2014 sought to bring no change in the Direct Tax Structure. Hence Personal Income Tax structure affecting Salaried Class will…