City
Epaper

Centre denies claims on pension cuts, says no such proposal

By IANS | Updated: April 19, 2020 12:35 IST

Denying reports of 20 per cent cut in central government pensions as 'false', the Ministry of Finance on Sunday said that there will be no reduction in salaries and pensions.

Open in App

New Delhi, April 19 Denying reports of 20 per cent cut in central government pensions as 'false', the Ministry of Finance on Sunday said that there will be no reduction in salaries and pensions.

"It is being reported that a 20 per cent cut in central government pensions is being planned. This news is FALSE. There will be no cut in pension disbursements," said a Finance Ministry tweet.

"It is clarified that salaries and pensions will not be affected by the Government Cash Management instructions," it added.

Union Finance Minister Nirmala Sitharaman also shared the ministry's tweet.

Earlier in the day, a concerned social media user tweeted regarding the reports on reduction in pensions.

Replying to the tweet, Sitharaman said: "Thanks for approaching for a clarification. There is no cut in pensions."

( With inputs from IANS )

Tags: Nirmala SitharamanFinance MinistryMinistry Of Finance
Open in App

Related Stories

NationalGST Overhaul: Council Targets Uniformity, Balances Relief for Middle Class with Luxury Tax Hike

NationalGST Council Meeting: Middle-Class Households Poised to Gain Big from Tax Relief

National'Pranab Mukherjee Asked Me Not To...': Mallya Defends Kingfisher Collapse, Blames 2008 Govt Pressure to Keep Airline Afloat

National'If I Defrauded Banks, How Was ₹14,000 Cr Recovered?': Vijay Mallya Says He Always Intended to Repay the Loan

BusinessUPI Transactions Above Rs 2,000 Remain GST-Free Due to Zero MDR Charges

Business Realted Stories

BusinessRBI likely to go in for another policy rate cut by year-end: Report

BusinessFrom Gujarat salt to valley apples: Rail connectivity unlocks Kashmir's trade potential

BusinessCentre rolls out fresh timelines to fast-track ops in new mines

BusinessCommitted to make Andhra Pradesh preferred destination for business: CM Naidu

BusinessPiyush Goyal expects economic pacts with European nations to drive growth & jobs