• No Sensitive Govt Would Talk Of Borrowing Pension Funds With Many Unresolved Issues – Nworgu
• Assets Can Only Be Invested By PFAs, PenCom Insists
• Most States Yet To Adopt Contributory Pension Scheme (CPS)
• Only FCT, Lagos, Osun, Kaduna, Delta Pay Pensions Under CPS
As the controversy rages over the impracticability, availability, legality, or otherwise of state governors borrowing N17trillion from the pension funds, labour unions, retirees insist that trust and accountability deficit, insensitivity are some factors that make the move a utopian idea.
While the United Labour Congress (ULC) said it was difficult to trust a government that has historically and systematically looted the collective resources of the nation over the years at the slightest opportunity without any conscience, retirees insist that no sensitive government would talk of borrowing from the pension funds when there exist a catalogue of unresolved issues.
Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
Track the industry of your choice with a daily newsletter specific to that industry.
Stay on top of your investments. Track stock prices in your portfolio.
NOTE :
This product is a monthly auto renewal product.
Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
The government is set to seek Cabinet approval for the new policy which aims to keep not more than four central public sector enterprises in strategic sectors that it will identify and open up all other sectors for privatisation.
Tarun Bajaj, Secretary, DEA - BusinessLine×
Move to privatise CPSEs in non-strategic space and some in strategic sectors
Our Bureau
Economic Affairs Secretary Tarun Bajaj on Friday said the new Public Sector Enterprises (PSE) policy will be an ambitious one. He also expressed optimism that the economy will improve in the remaining part of the fiscal .
“A formal decision on the new policy is expected very soon. This policy would be much more ambitious than anticipated. It will bring about a paradigm shift,” Bajaj said at a panel discussion organised by an industry chamber. The discussion saw participation of Industry Secretary Guru Prasad Mahapatra, Education Secretary Amit Khare and Secretary (Economic Relation) in External Affairs Ministry Rahul Chhabra.
Stay Away From N17trn Pension Fund, NLC Warns Govs thetidenewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetidenewsonline.com Daily Mail and Mail on Sunday newspapers.