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Fiscal Management Measures to control expenditure to achieve Fiscal Consolidation -NEW PENSION SCHEME INTRODUCED

The Government, with a view to achieving fiscal consolidation in the State has examined various proposals and has taken the following decisions:
  1.  The Chief Secretary is assigned the task of preparing and submitting to the Council of Ministers, a comprehensive report on the surplus post in Government departments. When new posts are required to be created in future, such requirements shall be met from this surplus pool. Posts may be re designated, if required.
  2. A comprehensive study shall be conducted on the projects. commissions, agencies, institutions etc. which have lost relevance, but still functioning in the State.
  3. It has been decided in principle that the New Pension Scheme shall be introduced with effect from 1st April 2013 which shall be applicable to all appointments made thereafter.