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Cash in NPS belongs to individuals, cannot return to state govts as per legislation: Nirmala Sitharaman – Instances of India

SHIMLA: Finance minister Nirmala Sitharaman on Thursday mentioned the cash within the Nationwide Pension Scheme (NPS) belongs to particular person contributors and as per legislation, state governments can not get it again.
Responding to queries on restoration of the previous pension scheme (OPS), Sitharaman clarified at a press convention that Rajasthan and Chhattisgarh governments which can be asking the Centre to return the cash, can not get it again as per legislation.
Chief ministers of those two states have requested the Centre to return the individuals’s cash below NPS for restarting OPS of their states.
Each the Congress-ruled states have notified the reintroduction of OPS for presidency workers and have mentioned the Centre can not maintain again workers’ cash.
The Congress has additionally promised to restart OPS for presidency workers in Himachal Pradesh and this has change into a serious ballot difficulty on this meeting election as there are 1.75 lakh authorities workers within the state.
Himachal Pradesh goes to the polls on November 12.
“As per legislation, the cash within the central kitty of NPS can not return to state governments. It could actually solely return to the contributing employees. Can we modify the legislation? It’s the employees’ cash within the central kitty. That cash has to go to the beneficiary particular person employees and to not one authority and to not another entity.
“I’m not speaking politics right here. I’m solely speaking concerning the legislation,” mentioned Sitharaman addressing the media in Shimla.
Chhattisgarh chief minister Bhupesh Baghel has been saying that the Centre has refused to return Rs 17,000 crore as a result of state authorities workers enrolled below NPS after the state requested the Centre for it.
Baghel has mentioned the Centre can not maintain that cash again for lengthy and the state authorities has sought authorized opinion on the matter and should transfer courtroom.
Sitharaman mentioned it was the earlier Congress authorities in Himachal Pradesh led by late chief minister Virbhadra Singh who discontinued OPS in 2003 and began NPS for presidency workers.
“You might be asking us questions on OPS when the Congress governments right here selected to retain NPS of their tenures,” she mentioned.
“Our celebration’s nationwide president is figuring out an answer on OPS,” she mentioned, alleging that it’s the Congress which must be on the backfoot on the difficulty.
“Ask those that are benefitting as there are solely 300 people who find themselves getting the profit in Rajasthan as an alternative of three lakh workers within the state,” she mentioned.
Himachal Pradesh chief minister Jairam Thakur additionally demanded that the Congress apologise to authorities workers within the state for discontinuing OPS, and thus it has no proper to boost the difficulty of OPS.
“The Congress doesn’t have the ethical proper to boost the difficulty of OPS, as a result of it’s the Congress authorities which signed the MoU to scrap OPS and begin NPS,” he mentioned.
Sitharaman additionally clarified on the import obligation on apples, saying as per WTO norms the utmost obligation that may be imposed is 50 per cent, which India has performed.
“India has imposed 50 per cent obligation until the certain charge. You can’t impose greater than the certain obligation charge,” she mentioned, including that to make sure imported apples don’t have an effect on the charges in northern a part of the nation, such apples are landed in distant locations.
“The pursuits of apple growers have all the time been excessive on our agenda,” she mentioned. Sitharaman urged the individuals of the state to repeat the BJP authorities because the state has progressed nicely within the “double-engine” authorities of each the state and the Centre.
Himachal has acquired extra grants and tax devolution below the double-engine authorities to offer higher muscle to the state to sort out its funds, she mentioned.
Citing figures, she mentioned the state acquired Rs 80,679 crore from 2014-2019 below NDA rule and the devolution of tax and grants to Himachal is already Rs 70,400 crore between 2019 to 2022 regardless that 1-and-a-half years of the five-year time period stays.
Towards this, HP acquired solely Rs 40,281 crore throughout 2009-2014 below the UPA rule, she mentioned.
The finance minister additionally listed a bunch of central schemes by way of which the state has benefitted and mentioned the state authorities has complimented these with their very own schemes to cowl increasingly individuals in Himachal.
She additionally enumerated large initiatives like AIIMS in Bilaspur, bulk medicine park, medical applied sciences park, Renuka dam mission and a bunch of guarantees made to individuals of the state, particularly to ladies.

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