Union Finance Minister Arun Jaitley has said, government money cannot be indefinitely parked in schemes as it leads to inefficiencies and impedes growth. He was speaking after inaugurating the Mahalekha Niyantrak Bhawan, the new premises of Office of the Comptroller General of Accounts (CGA) and a webportal for pensioners in New Delhi today. He said, release of government money should be calibrated with utilisation and it cannot be allowed to lie idle with states. <br/><br/>Mr Jaitley said, serving the pensioners with the web portal is an extremely important initiative. The Minister said, nobody should be harassed, least of all pensioners because they are mostly senior citizens. AIR correspondent reports that the Web Responsive Pensioner's Service Portal, developed by the Central Pension Accounting Office, will provide a one-stop solution for pensioners to access information relating to status of pension cases, and pension payments processed by the Central Ministries and Departments and the banks.
News On AIR | September 14, 2016 8:56 PM
Govt money cannot be indefinitely parked in schemes as it leads to inefficiencies & impedes growth: Arun Jaitley