Rajasthan's pension outgo has risen faster than other states, UTs: RBI data

Revised estimate on Rajasthan govt's fiscal deficit is seen to have worsened to 6.12% of GSDP in 2020-21, according to a note from Delhi-based PRS Legislative Research

The amount of money Rajasthan allocated to pensions has risen faster than other states and Union territories.

The figure for the financial year 2020-21 (FY21) is 4.5 times what it was in FY11. The total for all states and union territories has risen by a multiple of 3.6 in the same period, shows an analysis of Reserve Bank of India data. Rajasthan recently announced that it would move back to a defined benefit scheme reversing the trend towards defined contribution pension schemes. A report suggested that this may be driven by fiscal pressures.

The revised estimate on Rajasthan government’s fiscal