New Delhi, Aug. 10 -- Will Prime Minister Narendra Modi-led India government restore the Old Pension Scheme (OPS)? MP Indra Hang Subba has asked, to which, Minister of State for Finance Pankaj Chaudhary has replied in the Lok Sabha on Monday (10 August). The MoS has stated that Government has no proposal under consideration to restore the Old Pension Scheme due to its unsustainable fiscal liability on the Government exchequer.

Chaudhary further noted that state governments of Rajasthan, Chhattisgarh, Jharkhand, Punjab and Himachal Pradesh have informed the Centre and the Pension Fund Regulatory and Development Authority (PFRDA) about reversion from National Pension System (NPS) to OPS, he said in a written reply in the Lok Sabha.

"There...