CAG finds deficiencies in defence pension system

CAG (Comptroller and Auditor General) has found glaring deficiencies in the defence pension system, including incomplete accounting of expenditure, and flaws in the authorisation process.

In a report tabled in the Lok Sabha, CAG said an amount of 6,831 crore rupees was lying in banks at the end of March last year, due to procedural lapses.

The report said, substantial amount of expenditure was not booked to the pension head and was lying under RBI suspense head because of the inability of the banks to furnish the pension payment scrolls.

The defence pension is disbursed to over 25 lakh pensioners, involving an expenditure of over 60,000 crore rupees every year.

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