Govt for higher social pension, all eyes on GST revenue

The annual budget of National Social Assistance Programme (NSAP) — old-age pension, widow pension and disability pension — is Rs 9,500 crore.

The Government of India plans to increase the quantum of the three key "social pensions" and has also drafter proposals in this regard. 
 
All, however, depends on the state of revenues post-GST.
 
The annual budget of National Social Assistance Programme (NSAP) — old-age pension, widow pension and disability pension — is Rs 9,500 crore.
 
As per estimates, restructuring of NSAP will incur an additional expenditure of Rs 10,000-12,000 crore over the present budget.
 
"GST will be the main factor in deciding the fate of the proposal. If the funds are available, we are ready," a source told TOI.
 
The Sumit Bose panel had suggested the government to link pensions under NSAP, given to BPL households, to the consumer price index. It also called for reducing the eligibility age for widow pension from 40 years to 18 years.
 
Source: TOI.com

Event date: 
Thursday, September 7, 2017

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