First part of OROP arrears by March 2016: Manohar Parrikar
Defence minister Manohar Parrikar said that one part of the arrears would be paid to armed forces personnel by March 2016, as part of One Rank One Pension (OROP).
Speaking to media persons, Parrikar said that the decision on OROP has been taken and orders have already been issued to release and pay one part of the arrears by March. “Our orders have reached the bank, and it is now efficiency of the banks to dispose the payments,” he added.
It will cost the government an additional Rs 8,000-10,000 crore every year to implement OROP for the over 24 lakh ex-servicemen and six lakh widows around the country.
Source : Times of India