HomeNews listOBJECTIVE PRESSStates with old pension plan may not get extra borrowing

States with old pension plan may not get extra borrowing

  • February 3, 2023
  • Posted by: AliensFaith
  • Category: OBJECTIVE PRESS
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States that bring back old pension scheme will be disincentivised from undertaking additional borrowings during the 2023-24 financial year, following a rule that was changed by the Centre earlier. In the calculation of the borrowing entitlement of states, any amount paid by the state government and the employee to the PFRDA is allowed as an additional borrowing provision, referred to as the pension funding adjustment (PFA).      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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