OROP announcement - Key points: The OROP will be implemented from July 1, 2014 and the base year would be 2013.The estimated cost to implement OROP would be between Rs 8,000 crore to Rs 10,000 crore.The pension of ex-servicemen will be revised every five years.Re-fixed pension will be the average of minimum and maximum pension in 2013.A one-member judicial committee will be constituted. This committee will be responsible of givi....
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