Nirmala Sitharaman Press Conference: Pension of Bank Employees will Increase

In a press conference with the Nirmala Sitharaman, Panda said that it has been decided to increase the pension payout for bank employees.
Image Credit: Business Today
Image Credit: Business Today

Now bank employees can get a pension of 30 to 35 thousand rupees. Earlier it was Rs 9,284. This information was given by the Secretary of the Financial Department, Debashish Panda.

Panda said in the press conference with the Finance Minister

In a press conference with the Finance Minister, Panda said that it has been decided to increase the pension payout for bank employees. Under this, the contribution of government banks to the pension of employees under NPS has been increased to 14%. Earlier it used to be 10%. With this, the pension received by the families of the employees of government banks who died during Corona has been increased by 30%. This increase has been done on the basis of his last salary.

Banks gave presentation

After the two-day visit, the Finance Minister said in the press conference that the banks gave their presentation. Banks also gave full details of self-reliant India in this. The industry now has an opportunity to raise money through channels other than banks. Banks are also raising money from the market. Public sector banks should work with state governments. Work for one district one product. In this context, the emerging star product has been launched in Uttar Pradesh. Banks can make a common infra platform for this.

Image Credit: The Financial Express
Image Credit: The Financial Express

Public sector banks performed well

Sitharaman said state-run banks have performed well. They are giving benefits now. Indian public sector banks have performed well in the time of Corona. Before Corona, small banks were merged with big banks. Because of this, the customers did not face any problem and the banks are doing good work. Banks are doing all the work related to mergers well. Banks are improving the customer experience.

He said that at the time of Corona, the Custom Department officials worked without any rest. The customs department worked 24 hours a day for seven days. Similarly, the GST officials also acted. The average collection of GST has been Rs 1 lakh crore every month.

Succeeded in reducing inflation

Finance Secretary Debashish Panda said that we have been able to keep the rate of inflation below 6%. It may remain between 4-6% in the coming financial sector. Custom duty on cooking oil and other items has been reduced. We will keep a watch on this. Public sector banks had made a profit of more than Rs 30,000 crore in the last financial year.

Banks have performed well on all parameters with bad loans. In the last financial year, banks had raised Rs 69 thousand crores. In the first 5 months of this financial year, banks have raised more than Rs 12,000 crore.

Target on opposition

The Finance Minister targeted the entire opposition including the Congress. He said that Congress needs to do homework. There is no truth in this as far as selling the country is concerned. He said who monetized the Pune Corridor project? Who asked for FRP for New Delhi Railway Station? At that time also the Congress government was there. RFP (Request for Proposal) was invited to Delhi Railway Station on 27 August 2008.

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