The Central and State Governments occasionally give thousands of seniors several presents. The state administration has recently given the seniors some good news. Your pension will now increase twice a year starting today. In July, your pension will increase by 5%, and in January, it will increase by 10%. That is, in accordance with this, the employees’ pensions will rise by 15% yearly, but let us first point out that this will benefit those who work for the state government.
A new law became effective
Let us inform you that the Minimum Income Guarantee Act has been put into effect by the Rajasthani administration. Rajasthan is now the first state in the nation to put this law into effect. This guarantee law will result in annual pension increases. The social security pension will also be assured along with this.
Two installments will increase in price
The state administration has announced that the employee pension will rise in two installments each year. In July, the pension will increase by 5%, and in January, it will climb by 10%. After receiving the pension for a full year, the pensioner will only receive an increment. In other words, the 15% rise won’t happen for a year after the approval date.
For 125 days, work must be completed
In addition to this, the state government has assured you that MNREGA will provide you with more employment opportunities. You will start getting 25 extra days of work today. Yes, you will now be permitted to work for 125 days.
A board has been established
An advisory board has been established to oversee the Minimum Income Guarantee Act, and it is chaired by the Chief Secretary. The advisory board will periodically review the program. Members of this include the secretary for rural development and panchayati raj, the secretary for social justice empowerment, the secretary for planning, the secretary for finance, and the secretary for self-government.
The government will bear the burden of 2,500 crores
Additionally, the state government has stated that it will have an additional financial burden of up to Rs 2500 crores following the implementation of the minimum income guarantee scheme. Additionally, it will increase in addition to the annual expense.
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