Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • Rising Star Leadership Awards
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»News»Pension bills surpass salary, wages bill of centre & 3 states: CAG report
    News

    Pension bills surpass salary, wages bill of centre & 3 states: CAG report

    HRK News BureauBy HRK News BureauDecember 6, 2022Updated:December 6, 20222 Mins Read12645 Views
    Share LinkedIn Twitter Facebook
    Share
    LinkedIn Twitter Facebook

    Expenditure on pension has become an important part of the fixed expenditure for the Central and state governments in recent years, mentions the latest data published by the Comptroller and Auditor General of India (CAG).

    According to the official data by CAG, the pension bill of the Central government was more than the expenditure on ‘salary and wages,’ during the year 2019-20. The data shows that the total expenditure was Rs 9.78 lakh crore. This total fixed expenditure of the Centre in 2019-20 was 37 per cent of its total revenue expenditure of Rs 26.15 lakh crore. The report by CAG also states that during 2019-20, the share of ‘interest payment and ‘loan payment service’ in the total expenditure (committed expenditure) of the Central government is 67 per cent, while the remaining 19 per cent is spent on pension, followed by ‘salary and wages’ making up 14 per cent.

    Indian Express reported that, “The Committed Expenditure in respect of the Union Government consists of 67 per cent on interest payment and servicing of debt. The remaining 19 per cent and 14 per cent expenditure constituted the expenditure on pensions and salary and wages, respectively. It is apparent that expenditure on pensions is more than the expenditure on salaries and wages,” reads the CAG report titled ‘Union and State Finances at a Glance’ for 2019-20.

    Furthermore, the report also says that the pension bill exceedes the salary and wages bill in three Indian states: Gujarat, Karnataka and West Bengal, during 2019-20.

    In Gujarat, the cost of pensions (Rs 17,663 crore) was 159 per cent of the cost of salaries and wages (Rs 11,126 crore).

    In Karnataka, the cost of pensions (Rs. 18,404 crore) represented 126 per cent of the cost of salaries and wages (Rs 14,573 crore). Similar to this, in West Bengal, the pension expense (Rs 17,462 crore) represented 103 per cent of the cost of salaries and wages (Rs 16,915 crore).

    This occurs at a time when the Old Pension Scheme (OPS), which even sparked non-political discussions, was a key electoral pledge in the Himachal Pradesh and Gujarat assembly elections.

    The OPS has already been approved for implementation in Rajasthan and Chhattisgarh, and may be implemented in Gujarat and Himachal Pradesh too.

    auditor general CAG report Central Government comptroller expenditure OPS pension Rajasthan and Chhattisgarh
    Share. LinkedIn Twitter Facebook
    HRK News Bureau

    Leave A Reply Cancel Reply

    five × 1 =

    Related Posts

    L’Oréal expands employee share-ownership plan to boost engagement

    June 13, 2025

    Coal India introduces new uniform dress code for employees starting July

    June 13, 2025

    NDMC rolls out major employee-welfare measures

    June 13, 2025

    Bihar cabinet approves housing for women staff near workplaces

    June 13, 2025

    QUICK HR INSIGHTS

    EDITOR'S PICKS

    The truth about lies: Why résumé fraud has become an epidemic

    June 13, 2025

    Redefining recognition: Why the future of HR leadership lies with rising stars

    June 12, 2025

    Social media is showing Indian workers what they’re missing—and they want change

    June 11, 2025

    When employees leave without notice, who bears the moral burden?

    June 10, 2025
    Latest Post

    L’Oréal expands employee share-ownership plan to boost engagement

    News June 13, 2025

    L’Oréal Groupe has announced the launch of its fifth global employee share ownership plan. This…

    From scrap to sustainability: GRP’s transformation story

    Quick HR Insights June 13, 2025

    In this powerful excerpt, Sanjeeb Lahiri, Chief Human Resources Officer at GRP Ltd, shares how…

    Coal India introduces new uniform dress code for employees starting July

    News June 13, 2025

    Coal India (CIL) is rolling out a new uniform dress code for its employees from…

    NDMC rolls out major employee-welfare measures

    News June 13, 2025

    In a bid to ensure employee welfare, the New Delhi Municipal Council (NDMC) has approved…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.