Pension of employees: Nirmala Sitharaman will form a committee


NEW DELHI: Minister Nirmala Sitharaman stated through the presentation of the Finance Invoice within the Lok Sabha {that a} committee will probably be set as much as look into the problems associated to pension of workers. The committee will probably be headed by the Finance Secretary to fulfill the wants of the staff whereas sustaining monetary self-discipline.

The Finance Minister stated that the pension strategy will probably be formulated in such a method that it may be applied equally by the central and state governments. The minister’s assurance comes at a time when the demand to maneuver away from participation pension and restore the previous pension scheme is getting stronger. |

The Finance Minister stated that the cost of overseas tour bills by means of bank cards can’t be recorded underneath the Liberalized Remittance Scheme (LRS) and therefore TDS can’t be levied. The minister stated that RBI has been instructed to look into the matter and convey bank card funds underneath LRS.

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