Shimla, Feb. 9 -- Himachal Pradesh might be forced to shift to Unified Pension Scheme as freezing of RDG by the union Government deepen fiscal stress, this was indicated by state finance department during presentations on the impact of freezing Revenue Deficit Grant by the centre.
Mounting fiscal stress following the withdrawal of the Revenue Deficit Grant (RDG) might be force Himachal Pradesh to opt for the Unified Pension Scheme (UPS) introduced by the Centre, Finance Secretary Devesh Kumar told the State Council of Ministers on Sunday.
He cautioned that the state's pending liabilities and future arrears could not be sustained within existing revenue receipts, making the continuation of the Old Pension Scheme (OPS) financially unviable....