The Maharashtra cupboard on Thursday granted approval to a proposal providing the Outdated Pension Scheme (OPS) as an possibility for state authorities staff who entered service after November 2005. The choice follows current strikes by authorities and semi-government staff and officers advocating for the reinstatement of the OPS, information company PTI reported.
The Chief Minister’s Workplace (CMO) confirmed the cupboard’s nod to the proposal, stating that round 26,000 state authorities staff chosen earlier than November 2005 however receiving becoming a member of letters later would profit from this determination.
Vishwas Katkar, the overall secretary of the Maharashtra State Workers’ Confederation, instructed PTI, “The cupboard’s determination will profit some 26,000 state authorities staff who had been chosen earlier than November 2005 however obtained becoming a member of letters later.” He added that it is a one-time possibility for these staff.
Beneath the OPS, authorities staff obtain a month-to-month pension equal to 50% of their final drawn wage with out the necessity for contributions. The OPS was discontinued within the state in 2005. The cupboard has given the 26,000 staff six months to decide on between OPS and the New Pension Scheme (NPS) and submit related paperwork inside two months, PTI’s report talked about.
Explaining the NPS, staff contribute 10% of their fundamental wage plus dearness allowance, with the state making an identical contribution. The funds are then invested in pension funds authorized by the Pension Fund Regulatory and Improvement Authority (PFRDA), offering market-linked returns.
Maharashtra Cupboard Approves Toll for Mumbai Trans Harbour Hyperlink, and Different Proposals
Along with the pension scheme determination, the cupboard authorized a toll quantity of Rs 250 for automobiles utilizing the Mumbai Trans Harbour Hyperlink (MTHL), the nation’s longest sea bridge, connecting Sewri in Mumbai to Nhava Sheva in Raigad district. The MTHL, set to be inaugurated by Prime Minister Narendra Modi on January 12, will considerably cut back journey time from two hours to 15-20 minutes.
The cupboard additionally greenlit a proposal to challenge a Rs 5 per litre subsidy to take advantage of producers within the state. Cooperative and personal milk dairies should first deposit cash into producers’ financial institution accounts earlier than the state transfers its contribution. The federal government has mounted milk requirements at 3.5 fat and eight.5 SNF, with provisions for extra or decrease commonplace factors.
Moreover, the cupboard authorized a month-to-month allowance of Rs 5,000 for clerks-typists working within the Mantralaya, allocating Rs 11.34 crore for the advantage of 1,891 clerks-typists on account of a excessive attrition charge, PTI reported.
Different selections embrace a considerable contribution of Rs 750.49 crore from Maharashtra to construct a broad-gauge railway line between Nanded district and Bidar in Karnataka, leisure of NPA circumstances benefiting 400 models in Ichalkaranji Powerloom Mega Cluster, and a wine trade stimulus scheme for the following 5 years to advertise sector improvement.
In a bid to spice up the railway connectivity of rural areas, the state authorities has adopted a coverage masking 50% of the railway line development value between Nanded and Bidar. Moreover, a change within the no-confidence movement timeframe for officers from six months to 2 years and the implementation of a five-year wine trade stimulus scheme had been additionally authorized.
As per PTI, the CMO acknowledged, “The wine trade stimulus scheme can be carried out for the following 5 years to develop the sector within the state.” Furthermore, industries paying value-added tax will obtain well timed rebates, fostering raisin manufacturing and inspiring grape cultivation.