Double Dhamaka for pension holders on New Year

New Delhi: Government is mulling to increase the amount of pension money which will be transferred to their accounts through Direct Benefits Transfer (DBT) scheme. The plan is afoot to increase the pension amount at par with the average annual inflation rate.
According to the sources, the Committee on Planning Commission formed to review different pension schemes has almost completed its report. Union Finance Minister P Chidambaram will make an announcement in the coming Budget session regarding the hike in pension money based on the recommendations made by the committee.
Recently, the Rural Development Minister Jairam Ramesh has termed the old age pension plan as a joke which forced Planning Commission to form a committee to review the amount of pension money. The biggest hurdle of these schemes is the distribution of money. Many people complain of not getting the money on time.
It is being considered that after the launch of DBT, the money will reach to the beneficiaries on time.