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Monday, 13 March 2017

Government revamps pension of retired army personnel

Indian Military Veterans
Government revamps pension of retired army personnel
India Infoline News Service | Mumbai | March 12, 2017 11:45 IST
The Government of India through a media release recently informed that there would be a revision of the pension bailed out to ex-servicemen, under the recommendation of 7th Pay Commission Report, which was issued on October 29, 2016.
The Government of India through a media release recently informed that there would be a revision of the pension bailed out to ex-servicemen, under the recommendation of 7th Pay Commission Report, which was issued on October 29, 2016.

24 public sector banks have already revised the pension of 18, 99,697 pensioners and have paid Rs 5883.27 crore approximately. The same information was submitted in the Lok Sabha by Minister of State for Defence, Dr. Subhash Bhamre in a written reply to Arvind Sawant, Member of Parliament.

Revision of pension will not only boost the morale of the army personnel, but it will also encourage new people to join the force, believe military experts. Indian army is combating a massive shortage of officers presently. Currently, the Indian Army needs more than 9000 personnel to work towards national security.
Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.
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