opensansad/lok-sabha-qa huggingface dataset:
Lok Sabha Question No. 3993 (UNSTARRED), answered on 2018-08-10
Subject: Extended Deadline for Resolution of Stressed Assets
Ministry: FINANCE
Asked by: RAM CHARITRA

## GOVERNMENT  OF INDIA MINISTRY  OF FINANCE DEPARTMENT  OF FINANCIAL SERVICES

## LOK SABHA

## UNSTARRED  QUESTION  NO: 3993 TO BE ANSWERED  ON THE 10 th  AUGUST,  2018/SHRAVANA 19, 1940 (SAKA)

## QUESTION

## EXTENDED DEADLINE FOR RESOLUTION OF STRESSED ASSETS

## 3993: SHRI RAM  CHARITRA  NISHAD:

Will  the Minister  of FINANCE  be pleased to state:

- (a) whether   the  Banks  may   seek  an  extension   of  the  180  days   deadline   to  resolve   stressed assets as the proposed  structure  to set up asset management  companies  and stressed asset funds may  not be in place by  the time  rules  stipulated  in RBI's circular  comes into  effect;
- (b) if so, the details  thereof;
- (c) whether   the  regulator's   circular   has  mandated   the  deadline   for  moving   the  National Company  Law Tribunal,  if stressed assets was not resolved;  and
- (d) if so, the details  thereof?

## THE MINISTER  OF STATE  IN THE  MINISTRY  OF FINANCE

## ANSWER To be answered by

## (SHRI SHIV PRATAP  SHUKLA)

- (c)  and  (d):  RBI  has  apprised   that   as  per  its  circular   on  Resolution   of  Stressed  Assets Revised   Framework, dated  12.2.2018,   in  respect   of  accounts   with   aggregate exposure of  the lenders  at Rs. 2,000 crore  and above,  on or after 1.3.2018 ('reference  date'),  including  accounts where  resolution  may  have been initiated  under  any  of the previous  schemes as well  as accounts classified  as restructured  standard  assets which  were  in respective  specified  periods,  a resolution plan (RP) has to be implemented  as per the following  timelines:
- (a) and (b): Reserve  Bank  of India (RBI) has apprised  that  no such proposal  has been received from banks.
- (i)  If in  default  as on the reference  date,  then  180 days  from  the reference  date.
- (ii)  If in  default  after  the  reference  date,  then  180 days  from  the date of first  such default. RBI has further  apprised  that  an RP in respect  of such large  accounts  is not implemented  as per the timelines  specified  above,  lenders  shall   file  insolvency   application, singly   or  jointly, under the Insolvency  and Bankruptcy  Code,  2016 (IBC) within  15 days  from the expiry  of the said timeline.  Further,  the said transition  arrangement  shall  not be available  for borrower  entities  in respect of which  specific instructions  have already  been issued by  RBI to banks  for reference under IBC,  and lenders  shall  continue  to pursue  such cases as per earlier  instructions.
Lok Sabha Question No. 3992 (UNSTARRED), answered on 2018-08-10
Subject: Transparent Clinical Trials
Ministry: FINANCE
Asked by: C. N. JAYADEVAN

## Government of India Ministry of Finance Department of Financial Services

## LOK SABHA

## UN-STARRED QUESTION NO\_ 3992 TO BE ANSWERED ON 10th AUGUST, 2018 / SHRAVANA 19,1940 (SAKA)

## 'LOAN FOR PENDING HOUSING PROJECTS'

3992. SHRI SUMEDHANAND SARSWATI: SHRIMATI SANTOSH AHLAWAT:

Will the Minister of FINANCE be pleased to state:

- (a) whether the Government has proposed to provide loan to ongoing/pending housing projects to complete their construction, if so, the details thereof;
- (b) the procedure   being followed by the Government to select the   pending/ ongoing projects;
- (c) whether the Government has laid down any criteria in this regard, if the details thereof; SO,
- (d) whether the Government has made any special provision for recovery of the said loan; and
- (e) if so, the details thereof and if not; the reasons therefor?

## ANSWER

MINISTER OF STATE IN MINISTRY OF FINANCE (SHRI SHIV PRATAP SHUKLA)

- (a) Madam: No,
- (b) to (e): Does not arise in view of (a) above.

*****
Lok Sabha Question No. 3991 (UNSTARRED), answered on 2018-08-10
Subject: Foreign Creditors
Ministry: CORPORATE AFFAIRS
Asked by: C. MAHENDRAN

3991. SHRI C.MAHENDRAN:

Will the Minister of CORPORATE AFFAIRS कारपोरेट कार्य मंत्री be pleased to state:

(a) under the cross border insolvency whether Indian authorities will be required to cooperate  with the foreign creditors  to  domestic company as reciprocation; and (b) if so, the details thereof?

## ANSWER

THE MINISTER OF STATE FOR LAW AND JUSTICE AND    SHRI P.P.CHAUDHARY) CORPORATE AFFAIRS

विधि और न्र्ार् एिं कॉपोरेट कार्य मंत्रालर् में राज्र् मंत्री                            (श्री पी.पी.चौिरी)

(a) &  (b)  Madam,  The  Government  has  proposed  a  draft  on  cross-border insolvency which is available in public domain on MCA website (www.mca.gov.in). The comments received from stakeholders on the draft are under examination and will be finalized after deliberations with Insolvency Law Committee.

*****

## GOVERNMENT OF INDIA

## MINISTRY OF CORPORATE AFFAIRS

## LOK SABHA

UNSTARRED QUESTION NO. 3991

ANSWERED ON FRIDAY, THE 10 th  AUGUST, 2018

[SHRAVANA 19, 1940 (SAKA)]

FOREIGN CREDITORS

QUESTION
Lok Sabha Question No. 3989 (UNSTARRED), answered on 2018-08-10
Subject: Health Insurance
Ministry: HEALTH AND FAMILY WELFARE
Asked by: BALASUBRAMANIAM SENGUTTUVAN

## GOVERNMENT OF INDIA MINISTRY OF HEALTH AND FAMILY WELFARE DEPARTMENT OF HEALTH AND FAMILY WELFARE

## LOK SABHA UNSTARRED QUESTION NO. 3989 TO BE ANSWERED ON  10 TH AUGUST, 2018

## HEALTH INSURANCE

## 3989. SHRI B. SENGUTTUVAN:

Will the Minister of HEALTH AND FAMILY WELFARE be pleased to state:

- (a)  whether  the  Health  Insurance  has  low  penetration  in  Indian  society  despite  a  plet insurance companies offering attractive Health Insurance Schemes, if so, the details there
- (b) whether only 31 per cent of the total Indian population has Health Insurance and if so, details thereof;
- (c) whether non - popularity of Health Insurance among considerable sections result in finan crises in treating serious diseases, if so, the details thereof; and
- (d) whether the Government has any proposal to popularise Health Insurance among the mas in India and if so, the details thereof?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF HEALTH AND FAMILY WELFARE (SHRI ASHWINI KUMAR CHOUBEY)

- (a) & (b):As per Insurance Regulatory Development and Authority of India (IRDAI), health insurance coverage in the country witnessed a reasonable growth both in terms of number persons  covered  and  premium  collected.  The  number  of  persons  covered  under  health insuranc e increased from 35.90 crores in the year 2015 - 16 to 43.75 crores in the year 2016 - 17. The percentage increase under health insurance from the year 2015 - 16 to 2016 - 17 is 24.31%.
- (c) & (d) : Insurance is one of the tools to get the costs of treatment reimbursed/ payment of assured sum on the happening of the contingent risk covered. Health Insurance offers succ the families adversely affected with any contingencies dependant on health. Government provides health facilities for the citizens t hrough its various schemes. IRDAI has been carrying out a sustained campaign to create awareness about insurance, rights and duties of policy etc.  through  various  media.    The  Authority  also  launched  an  exclusive  consumer  educa website www.policyholder.gov.in (both  in  English  and  Hindi  Versions)  which  contains information  about  IRDAI,  registered  insurance  companies  and  other  entities  registered IRDAI, buying insurance, making claim, lodging compl aint etc .

…………………..
Lok Sabha Question No. 3986 (UNSTARRED), answered on 2018-08-10
Subject: PSUs Exempted from Paying Dividend
Ministry: FINANCE
Asked by: ADVOCATE NARENDRA KESHAV SAWAIKAR

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF INVESTMENT AND PUBLIC ASSET MANAGEMENT

## LOK SABHA UNSTARRED QUESTION NO. 3986

TO BE ANSWERED ON FRIDAY, AUGUST 10,2018 SHRAVANA 19,1940 (SAKA)

## PSUs Exempted from Paying Dividend

3986. ADV. NARENDRA KESHAV SAWAIKAR:

Will the Minister of FINANCE be pleased to state:

- (a) whether the Government has given exemption to some Public Sector Undertakings (PSUs) from paying dividend to their shareholders while rejecting similar exemption to some others;
- (b) if so, the details thereof; and
- (c) the details of alternative measures proposed by the Government to those PSUs which have not been given exemption to boost their shareholders?

## ANSWER

## THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PON. RADHAKRISHNAN)

(a) & (b): The Guidelines on Restructuring of Central Public Sector Enterprises (CPSEs) regarding payment of dividend, issue of bonus shares, buy-back of shares by CPSEs were issued on 27.5.2016. The Government granted exemption from payment of dividend to 7 CPSEs in 2016-17 and 21 CPSEs in 2017-18 based on analysis of long term borrowings, CAPEX requirements! business expansion plans of the CPSEs concerned.

(c): The focus of these guidelines is on optimum utilization of funds by CPSEs to spur economic growth. Declaration of dividend at reasonable rate on a regular interval boosts investors' confidence. Payment of dividend as a percentage of net-worth makes it comparable with alternative investment opportunities available to the investors! shareholders.

*****
Lok Sabha Question No. 3985 (UNSTARRED), answered on 2018-08-10
Subject: Services of AYUSH Doctors
Ministry: HEALTH AND FAMILY WELFARE
Asked by: PREM DAS RAI

## GOVERNMENT OF INDIA MINISTRY OF HEALTH AND FAMILY WELFARE DEPARTMENT OF HEALTH AND FAMILY WELFARE

LOK  SABHA UNSTARRED  QUESTION NO. 3985 TO BE ANSWERED ON 10 TH AUGUST, 2018

## SERVICES OF AYUSH DO CTORS

## 3985. SHRI PREM DAS RAI:

Will the Minister of HEALTH AND FAMILY WELFARE be pleased to state:

- (a) whether the services of AYUSH doctors are being utilized for Family Planning Servic the country;
- (b) if so, the details and motives thereof indicating the number of doctors engaged and fo r the purpose; and
- (c) if not, the reasons therefor?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF HEALTH AND FAMILY WELFARE ( SMT. ANUPRIYA PATEL )

- (a): Yes; the services of AYUSH doctors (except Yoga and Naturopathy) are being utilized FamilyPlanning services in the country.
- (b):      AYUSH Doctors (except Yoga and Naturopathy providers) have been trained to pro Family Planning counseling, Interval IUCD insertion, Post - partum IUCD, Injectable contraceptive, Chhaya (Centchroman) and Condo ms.

This  has  been  done  with  the  aim  of  expanding  the  provider  base  and  increasi acceptability and continuation rates leading to client satisfaction.

As public health is a state subject, details of the number of doctors engaged and required for the purpose is maintained by respective State Governments.

- (c):      Does not arise.

………………………
Lok Sabha Question No. 3983 (UNSTARRED), answered on 2018-08-10
Subject: Disposal of Dry Batteries
Ministry: ENVIRONMENT,  FORESTS AND CLIMATE CHANGE
Asked by: POONAM  MAHAJAN

## GOVERNMENT OF INDIA MINISTRY OF ENVIRONMENT, FOREST AND CLIMATE CHANGE

## LOK SABHA UNSTARRED QUESTION No. 3983

TO BE ANSWERED ON 10/08/2018

## Disposal of Dry Batteries

## 3983. SHRIMATI POONAM MAHAJAN:

Will  the  Minister  of  ENVIRONMENT,  FOREST  AND  CLIMATE  CHANGE  be  pleased  to state:

- (a) whether the Government has formulated a policy that requires manufacturers to recycle batteries of various kinds in order to decrease environmental impact of a product by imposing responsibility for the entire life-cycle of the product upon the manufacturer;
- (b) if so, the details thereof;
- (c) whether the Government has formulated the norms for specified disposal of dry batteries and if so, the details thereof; and
- (d) the action taken by the Government against those manufacturers that have violated norms pertaining to recycling of batteries during each of the last five years, year-wise?

## ANSWER

## MINISTER  OF  STATE  IN  THE  MINISTRY  OF  ENVIRONMENT,  FOREST  AND CLIMATE CHANGE (DR. MAHESH SHARMA)

- (a) and (b) The Ministry has notified Batteries (Management and Handling) Rules, 2001 as amended on May 2010 to ensure environmentally sound recycling of used lead acid batteries. In order to ensure safe disposal of  used batteries, the Batteries Rules  stipulates that the manufacturers,  importers,  assemblers,  re-conditioner  and  dealers  shall  ensure  that  the  used batteries  are  collected  back  against  new  batteries  sold.    They  shall  also  be  responsible  for channelizing or sending the used batteries collected only to collection centers set up by producers for ultimate disposal through registered recyclers. Generators of used batteries can deposit used batteries  with  registered  dealer,  authorized  recycler  or  the  authorized  collection  center  of  the manufacturer.  Batteries  Rules  also  stipulates  that  dealer  have  to  give  appropriate  discount  for every used battery returned by the consumer.
- (c) and (d) The Batteries Rules 2001 are applicable to only lead acid batteries. Government of India has not yet notified rules for regulation of other batteries such as dry cell batteries. There are 641authorised recyclers of lead acid batteries with an installed capacity of 2.2 Million MT per annum. The quantity recycled by authorised facilities is 0.53 million TPA. CPCB has so far cancelled 1534 registrations issued to importers of used batteries for failing to comply with the provisions of batteries rules, 2001.

***
Lok Sabha Question No. 3981 (UNSTARRED), answered on 2018-08-10
Subject: Forest Clearances for Central University
Ministry: ENVIRONMENT,  FORESTS AND CLIMATE CHANGE
Asked by: ANURAG SINGH THAKUR

## GOVERNMENT OF INDIA MINISTRY OF ENVIRONMENT, FOREST AND CLIMATE CHANGE

## LOK SABHA UNSTARRED QUESTION NO. 3981

TO BE ANSWERED ON 10.08.2018

## Forest Clearances for Central University

## 3981.  SHRI ANURAG SINGH THAKUR:

Will  the  Minister  of  ENVIRONMENT,  FOREST  AND  CLIMATE  CHANGE  be  pleased  to State:

- (a) Whether the Government has cleared all the requisite forest clearances for Central University in Himachal Pradesh;
- (b) If so, the details thereof and if not, the reasons therefor;
- (c) Whether the Government is considering a separate policy to deal with environmental clearances from hill States; and
- (d) If so, the details thereof?

## ANSWER

## MINISTER  OF  STATE  IN  THE  MINISTRY  OF  ENVIRONMENT,  FOREST  AND CLIMATE CHANGE (DR. MAHESH SHARMA)

- (a) & (b) The proposal regarding diversion of 238.452ha of forest land in favour of Higher Education Himachal Pradesh for establishment of Central University of Himachal Pradesh was received in this Ministry vide letter dated  26.11.2011.  The  Ministry  has  granted  in-principal  (Stage  I)  for diversion  of  81.79  ha  (out  of  total  238.452  ha  proposed  originally)  of forest land vide letter dated 27 th August, 2015. The Ministry has observed that the remaining forest areas are ecologically fragile and thus were not considered for forest clearance.
- (c) & (d) At  present,  there  is  no  separate  policy  to  deal  with  proposals  regarding environmental clearances from hill states.

***
Lok Sabha Question No. 3980 (UNSTARRED), answered on 2018-08-10
Subject: Procurement of Drugs by Zoo Authority
Ministry: ENVIRONMENT,  FORESTS AND CLIMATE CHANGE
Asked by: RAKSHA NIKHIL KHADSE

## GOVERNMENT OF INDIA MINISTRY OE ENVIRONMENT, FOREST AND CLIMATE CHANGE

## LOK SABHA UNSTARRED QUESTION NO. 3980

TO BE ANSWERED ON 10.08.2018

## Procurement of Drugs by Zoo Authority

## 3980.  SHRIMATI RAKSHATAI KHADSE:

Will the Minster of ENVIRONMENT, FOREST AND  CLIMATE CHANGE be pleased to state:

- (a) whether the Government has received a joint investigation report by the Central Drugs Standards  Control  Organization  and  the  Drug  Inspector  of  Drugs  Control  Department regarding procurement of some scheduled drugs by the zoo authority without having the license from the concerned authority and the subsequent missing of these drugs;
- (b) if so, the details thereof; and
- (c) the action taken/proposed to be taken by the Government in this regards?

## ANSWER

## MINISTER  OF  STATE  IN  THE  MINISTRY  OF  ENVIRONMENT,  FOREST  AND CLIMATE CHANGE (DR. MAHESH SHARMA)

- (a) & (b) The  Ministry of Environment, Forest and Climate Change  has received  a  copy  of  the  letter  of  the  Drug  Controller  General  (I) indicating the observation of  the investigation conducted by officers of Central Drugs Standard Control Organization (CDSCO).
- ( c ) The Ministry has constituted a high level committee for improving the management  system  in  the  National  Zoological  Park.  The  matter  is also sub-judice.

****
Lok Sabha Question No. 3978 (UNSTARRED), answered on 2018-08-10
Subject: GST on Fishing Equipments
Ministry: FINANCE
Asked by: SHASHI THAROOR

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE

*****

## LOK SABHA

## UNSTARRED QUESTION NO.3978

## TO BE ANSWERED ON FRIDAY THE 10 TH  AUGUST, 2018 SHRAVANA 19, 1940 (SAKA)

## GST ON FISHING EQUIPMENTS

## 3978.  DR. SHASHI THAROOR:

Will the Minister of FINANCE be pleased to state:

- (a)  whether  a  large  number  of  fisher  folk  in  India  are  from  the  lower  economic classes in the country and if so, the details thereof;
- (b)  whether  the  fishing  hooks,  fishing  rods,  fishing  ropes,  fishing  twines,  fishing tackles are essential products for those engaged in the fishing industry;
- (c) if so, the reasons for levying tax on the aforesaid products, which were exempted under the VAT regime;
- (d)  whether  the  Government  will  consider  exempting  essential  products  used  for fishing from the ambit of GST; and
- (e) if so, the details thereof and if not, the reasons therefor?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SHIV PRATAP SHUKLA)

(a): The fishermen in India generally belong to the financially weaker section of the society.

As  per  the  Draft  Marine  Fisheries  Census  Report  2016  of  Central  Marine Fisheries  Research  Institute,  there  are  8,93,258  fishermen  families  across  the Coastal States/UTs in India, of which 6,00, 890 (67.26 % of the Fishermen families) belong to the BPL category.

(b): Yes.

(c): The  GST  rates  on  fishing  hooks,  fishing  rods,  fishing  ropes,  fishing  twines, fishing tackles have been prescribed on the recommendations of the GST Council based on the pre-GST tax incidence, which inter-alia included Central Excise duty, VST and other taxes.

(d): There is no recommendation from the GST Council to lower the GST rates on these products.

(e): Does not arise in view of reply of (d) above.

*****
Lok Sabha Question No. 3977 (UNSTARRED), answered on 2018-08-10
Subject: CSR violation by Companies
Ministry: CORPORATE AFFAIRS
Asked by: UDIT RAJ

3977.  DR. UDIT RAJ:

Will the Minister of CORPORATE AFFAIRS

be pleased to state:

- (a) whether action has been taken/ being taken by the Government against the companies which have failed to comply with the Corporate Social Responsibility norms for financial years 2014-15, 2015-16 and 2016-17; and
- (b)  if  so,  the  details  thereof  along  with  the  names of  these companies during the said period, year-wise?

## ANSWER

MINISTER OF STATE FOR LAW AND JUSTICE AND CORPORATE AFFAIRS                                            (SHRI P. P. CHAUDHARY)

विधि और न्र्ार् एिं कारपोरेट कार्य मंत्रालर् में राज्र् मंत्री

(

श्री पी॰ पी॰ चौिरी )

- (a)& (b): Every company including public and private sectors companies having net worth of Rs. 500 crore or more or turnover of Rs. 1,000 crore or more or net profit of Rs. 5 crore or more during the immediately preceding financial year is liable  to  spend  at  least  2%  of  the  average  net  profits  of  the  company  made during  the  three  immediately  preceding  financial  years  on  CSR  activities  in areas or subjects specified in Schedule VII of the Companies Act, 2013 (Act). As per second proviso to section 135(5) of  the  Act,  the  Board  of  a  company shall  give  specific  reasons  for  not  spending  the  prescribed  CSR  funds  and disclose the same in the Board's Report. Whenever violation of CSR provisions is noticed, action under section 134 (8) of the Act is initiated. Government has accorded permission for initiating such penal action against 254 companies for non-compliance of provisions of section 135 read with section 134 (3) (o) of the Act for financial year 2014-15.  In addition to this, the Ministry has established Centralized Scrutiny and Prosecution Mechanism in April, 2018 for the financial year 2015-16 onwards on pilot basis for enforcement of CSR provisions. Based on inquiry, preliminary notices have been issued to 272 companies, in respect of financial year 2015-16.

*******

## GOVERNMENT OF INDIA

## MINISTRY OF CORPORATE AFFAIRS

## LOK SABHA

UNSTARRED QUESTION NO. 3977 ANSWERED ON FRIDAY THE 10th AUGUST, 2018/ SHRAVANA 19, 1940 (SAKA)

## CSR VIOLATION BY COMPANIES

## QUESTION

कारपोरेट कार्य मंत्री
Lok Sabha Question No. 3976 (UNSTARRED), answered on 2018-08-10
Subject: Setting up of National Cancer Research Institute
Ministry: HEALTH AND FAMILY WELFARE
Asked by: MURALI MOHAN MAGANTI

## GOVERNMENT OF INDIA MINISTRY OF HEALTH AND FAMILY WELFARE DEPARTMENT OF HEALTH RESEARCH

LOK SABHA UNSTARRED QUESTION NO. 3976 TO BE ANSWERED ON  10 TH AUGUST, 2018

## SETTING UP OF NATION AL CANCER RESEARCH I NSTITUTE

## 3976. SHRI M. MURALI MOHAN:

Will the Minister of HEALTH AND FAMILY WELFARE be pleased to state:

(a) whether the Government is considering to establish National Cancer Research Instit Rajahmahendravaram (Rajahmundry) in Andhra Pradesh in view of the increase in cancer relat cases;

- (b) if so, the details thereof; and
- (c) if not, the reasons therefor?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF HEALTH AND FAMILY WELFARE ( SMT. ANUPRIYA PATEL )

(a) to (c):      No. However under the strengthening of Tertiary Care Cancer Facilities Sch National Programme for Prevention and Control of Cancer, Diabetes, Cardiovascular Disea and  Stroke  (NPCDCS),  proposal  for  setting - up  of  State  Cancer  Institute  at Kurnool  Medical College, Kurnool, Andhra Pradesh, has been approved and Rs.54 crore has been released to State Government during 2017 - 18 as 1 st installment of central share.

…………………..
Lok Sabha Question No. 3975 (UNSTARRED), answered on 2018-08-10
Subject: Tax Relaxation on NPS Maturity Value
Ministry: FINANCE
Asked by: KONAKALLA NARAYANA RAO

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION No. 3975

## TO BE ANSWERED ON FRIDAY, THE 10 TH     AUGUST,  2018 19, SHRAVANA, 1940 (SAKA)

## TAX RELAXATION ON NPS MATURITY VALUE

## 3975. SHRI KONAKALLA NARAYANA RAO:

Will the Minister of FINANCE be pleased to state:

- (a) whether the Government is contemplating to give tax rebate on the maturity value of the amount deposited under National Pension Scheme (NPS) like Public Provident Fund and if so, the details thereof;
- (b) whether the Securities and Exchange Board of India has also recommended to this tax relaxation in the recently held Financial Stability and Development Council meeting and if so, the details thereof; and
- (c) the stand of the Government in this regard?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE

## (SHRI SHIV PRATAP SHUKLA)

- (a) No Madam. Currently, Government is not contemplating to give any tax rebate on the maturity value of the  amount deposited under National Pension Scheme (NPS) like Public Provident Fund. In this context, it may be noted that under the existing provisions of the Income tax Act, 1961 the following payments from the National Pension System Trust are exempt:

(i) up to 40% of the total amount payable to an assessee on closure of his account or on his opting out of a Pension Scheme; and

(ii) partial withdrawal  by an employee from NPS up to 25% of own contribution.

- (b) No.
- (c) Does not arise.

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