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Fiscal time bomb

Govt must explore new options to limit OROP's impact

The government has announced the implementation of the one-rank, one-pension scheme, generally referred to as OROP. This will ensure that all those retired members of the armed forces who draw a government pension will receive an amount determined by their last held position, regardless of when they retired. Till now, someone who retired as a major in 1990 might not have received the same sum as someone who retired as a major in 2010. There is little doubt that OROP is an emotive issue, which is why Prime Minister Narendra Modi, when on the campaign trail, repeatedly harped on it and made it ...