Niti Aayogvice-chairmanSuman Bery expressed concern over the revival ofold pension schemeby some states, saying it would burden future taxpayers at a time when India needs to focus on fiscal prudence and promoting sustained Growth.
Bery also underlined the need for enhancing and creating a space for the private sector through Fiscal Consolidation.
While Rajasthan and Chhattisgarh have decided to implement OPS,Himachal Pradeshhas promised to restore scheme if voted to power in the state. Jharkhand too has decided to revert to OPS.
Bery further explained that in general, state borrowing is effectively limited by theRBIso states don’t threaten the overall financial stability.