Old Pension Scheme Latest News: Various discussions are going on across the country regarding the Old Pension Scheme (OPS). Now there has been a big disclosure about the old pension system. Former Governor of the Reserve Bank of India, Raghuram Rajan has given information about this in an interview. Let us know about it in detail.
Various discussions are going on across the country regarding the Old Pension Scheme (OPS). Now there has been a big disclosure about the old pension system. Former Governor of the Reserve Bank of India, Raghuram Rajan has given information about this in an interview. Let us know about it in detail.
Various discussions are going on across the country regarding the Old Pension Scheme (OPS). In the midst of all this, the old pension system is being implemented in many states.
At the same time, in many states, it has been flatly refused. On the New and Old Pension Scheme, former Governor of the Reserve Bank of India Raghuram Rajan said that government expenditure will come down, but liabilities will increase in the future.
This big information is given in the interview
Apart from this, Raghuram Rajan has also alerted the banks not to lean too much on retail loans. Apart from the World Economic Forum, in an interview given to an online portal, Rajan has said that it is right to adopt the new pension scheme because the old pension scheme had become a huge liability and at present, all the states which are adopting the old pension scheme will have to move forward. Trouble may have to be faced in the coming times.
Many states adopted the old pension scheme
He further said that it is easier for governments to adopt defined benefit plans as liabilities are not being recognized. At present, many state governments like Rajasthan, Chhattisgarh, and Punjab have adopted the old pension scheme, Himachal Pradesh is also included in this.
states will have to decide
Rajan further said in the interview that although it is for each state government to decide, these schemes should be effectively targeted at the weaker sections of society, so that they can get the benefits.
Alerted regarding retail loan
During the interview, the former RBI governor also cautioned Indian banks against their shift towards retail lending, as he said there could be potential risks in case of a recession.
The bank should check the loan infrastructure
Rajan's comments come at a time when Indian banks have seen a huge jump in retail assets as compared to wholesale loans. In the interview, he said that banks should examine all the risks involved in giving infrastructure loans. The former banker said that between 2007 and 2009, the RBI moved towards infrastructure loans, though problems cropped up later.
