Old pension scheme to cost Himachal Pradesh 450% of tax revenue, Punjab 242%
Underlining the hidden cost of sops and poll-centric announcements, for Himachal Pradesh, which is slated to go to polls later this year, the promise of reverting to the old pension scheme will come at a spend of 450% of its own tax revenue, according to the Special Report on Towards A New India Freedom from Freebies compiled by SBI Research. In case of Punjab, the liability of re-introduction of old pension regime, which the state government is considering, will be amount to 242% of state's tax revenue.