Budget 2023: Old pension plan may cost states dear, finance secretary Somanathan says ...Middle East

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Budget 2023: Old pension plan may cost states dear, finance secretary Somanathan says
Finance secretary TV Somanathan on Thursday said states reverting to old pension schemes should be cautious as it could have implications for future governments, while underlining the need to keep the pace of increase in revenue expenditure for making interest payments and paying pension and subsidies lower than the nominal growth rate of the economy.

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