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Coal Controller’s Organization released its flagship publications “Coal Directory of India 2020-21”, recently.
Highlights
What is ‘Coal Directory of India 2020-21’?
The Coal Directory of India 2020-201 comprises of information on performance of Coal and Lignite sectors during financial year 2020-21. It contains grade-wise data of production, dispatch and reserves of coal. It further provides information on pit head closing stock, prices of coal for last few years and its import-export. The publication also provides a comprehensive and valuable reference of data to all policymakers, stakeholders, researchers, institutions and industry.
Coal Controller Organisation (CCO)
The Coal Controller Organisation (CCO) was established in 1916. It is one of the oldest offices in Indian Coal sector. CCO is responsible to ensure fair production and commercial transaction. It collects and maintains coal production data of all public as well as private sector coal mines in India. It collects information on a monthly basis. CCO is a subordinate office under the Ministry of Coal.
Responsibilities of CCO
Rajasthan government has reverted back to the Old Pension Scheme. In this context which of the following statements is/are incorrect?
1 only
2 only
Both
None
Rajasthan has become the first State to go back to Old Pension Scheme (OPS) for its government employees.
Till date, barring West Bengal, all States and Union Territories and the Cente have New Pension Scheme, better known as National Pension System (NPS).
Centre introduced NPS for all its new officials and employees, except those from armed forces, joining service on or after January 1, 2004.
New Pension Scheme (NPS) is known as contributory mechanism while OPS is called defined mechanism.
One of most important factors for switching to NPS was to cut down the cost of pension payout.
Under OPS, employees get pension under pre-determined formula which is half of last drawn salary. They also get the benefit in the revision of Dearness Relief (DR), twice a year.
However, the new mechanism is based on contributions where an employee deposits 10 percent of the basic pay plus dearness allowance.
Next
Which of the following states has reverted to the Old Pension Scheme after doing away with the National Pension System?
West Bengal
Rajasthan
Maharashtra
None of the above
This development has taken place at a time when key opposition parties had promised to revert to Old Pension Scheme in other states, if voted to power.
Rajasthan was first among States which adopted the system and later various States except West Bengal adopted the system.
According to the key officials, the employees associated with government services should feel secure about the future, only then they can make their invaluable contribution towards good governance during the service period.
Therefore, for all the employees appointed on or after January 1, 2004, the state government has proposed to implement the old pension scheme, on the occasion of presentation of State Budget for fiscal year 2022-23.
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