Punjab reduces govt employees retirement age to 58 years

The retirement age of Punjab government employees will be reduced to 58 years from 60 years currently, a move intended to offer more employment opportunities to young people. The announcement in this regard was made by state Finance Minister Manpreet Singh Badal while presenting a Rs 1.54 lakh crore budget for 2020-21.

Daily Current Affairs Quiz 2020

The government will also implement the 6th Pay Commission recommendations in 2020-21 and for this, a sum of Rs 4,000 crore has been earmarked in the budget. The state government announced to waive Change of Land Use (CLU) charges for two years for the new industries coming up outside the municipal limits and slash the “mandi” fee on vegetables from 4%-1%.