Government committed to one rank one pension: Jaitley

Says the defence ministry was talking to finance ministry on the issue

Arun Jaitley
IANS New Delhi
Last Updated : May 22 2015 | 5:46 PM IST

Finance Minister Arun Jaitley on Friday said the one rank one pension (OROP) concept was "an unambiguous commitment" of the government.

Addressing a press conference held to mark one year of the Narendra Modi government, Jaitley said the defence ministry was talking to his ministry on the issue.

"It will be implemented," he said.

ALSO READ: Will take steps to encourage pvt sector in defence: Parrikar

Defence Minister Manohar Parrikar said last week that OROP was in its final stages and expected to be cleared by the finance ministry in a few days.

OROP is a long standing demand of ex-servicemen's associations and relates to payment of uniform pension to defence forces personnel retiring in the same rank with the same length of service, irrespective of their date of retirement.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 22 2015 | 4:14 PM IST

Next Story