The new year can bring many great news for government employees. While on the one hand there is talk of sealing many big decisions related to salary, on the other hand there are chances of increase in pension and maternity benefits. Actually, Finance Minister Nirmala Sitharaman will present the budget for the next financial year (Union Budget 2023) on February 1, 2023. Along with this, the preparations for the budget are also going on at a fast pace. Meanwhile, big economists have demanded to increase pension under social security and make adequate provision for maternity benefits before the budget of the next financial year.

Demand to increase pension

In fact, economists have demanded the Finance Minister to increase pension under social security and make adequate provision for maternity benefits. For this, he has written a letter to the Finance Minister. Those who have signed the letter include Jean Dreze, Professor Emeritus at Delhi School of Economics, Pranab Bardhan, Professor Emeritus at University of California Berkeley, R Nagaraj, Professor of Economics at Indira Gandhi Institute of Development Research (IIDR), Mumbai, IIT Delhi Professor of Economics Ritika Khera, Honorary Professor of JNU Sukhdev Thorat and others are included. The economists who signed the letter have also demanded full implementation of maternity rights under NFSA norms in the budget for the financial year 2023-24. Let us tell you that at least Rs 8,000 crore will be required for this.

A letter was also written to the former Finance Minister

According to the information given by the news agency language, economists have told in this letter that they had earlier written letters to former Finance Minister Arun Jaitley on December 20, 2017 and December 21, 2018. He has written in this letter, ‘We are reminding you again through the letter. We have tried to identify 2 priorities for the next Union Budget. In this, first, there is a provision for increase in pension for social security and second, adequate maternity benefits.

It has also been written in the letter that the central government’s contribution to the pension of the elderly under the National Old Age Pension Scheme (NOAPS) has remained stagnant at just Rs 200 per month since 2006. While this is not correct. The central government’s contribution should be increased immediately to at least Rs 500 (if possible more). In fact, in view of the rising inflation, this demand has been raised earlier also from the pensioners.

Discussion on widow pension is also possible

The letter states, “Based on the existing 2.1 crore pensioners, an additional provision of around Rs 7,560 crore is required for this. Similarly, the pension for widows should be increased from Rs.300 per month to Rs.500 per month. It has been told that the pension item for widows will cost Rs 1,560 crore.

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Yes, an order has been given by Union Finance Minister Nirmala Sitharaman to simplify the banking system. It was said on behalf of the Finance Minister that banks should make banking operations simple according to the needs of the customers.

With this, more and more customers will be able to connect with them. The Finance Minister suggested in the meeting The Union Finance Minister said last days that banks should pay attention to the facilities of the customers. This will make the process easier for the borrowers.

On behalf of the Finance Minister, it was also told to the banks that the standards of giving loans should be correct. This suggestion was made a few days ago in a meeting between industry representatives and the Finance Minister.

During this, Nirmala Sitharaman asked all the big banks to implement it. Following this suggestion given by the Finance Minister will benefit the customers of all banks including ICICI Bank, SBI and HDFC Bank. The Finance Minister also said that there is a need to make the banking system more and more customer friendly. You have to take care of the facilities of the customers.

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