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Centre: OROP, pay panel won't hit fiscal math

Jayant Sinha
Jayant Sinha

Implementation of One Rank, One Pension and increase in salary due to the 7th Pay Commission won't impact the Centre's fiscal maths, minister of state for finance Jayant Sinha said after a brainstorming session between more than 10 eminent economists and the government. The meeting also deliberated on India's agriculture scenario, the importance of raising productivity and on the need for banking and financial sector reforms. The brainstorming, which was held ahead of the 2015-16 Union Budget, was facilitated by the National Institution for Transforming India (NITI) ...