Finance secretary TV Somanathan on Thursday said states reverting to old pension schemes should be cautious as it could have implications for future governments, while underlining the need to keep the pace of increase in revenue expenditure for making interest payments and paying pension and subsidies lower than the nominal growth rate of the economy.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lmecDCJ
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