Annul revision in pensions do not happen anywhere in the world, he said. Jaitley added the government is committed to OROP but the 'only difficulty' is the 'arithmetical translation'. "I have my own formula on what OROP means. Somebody else may have their own formula on OROP but it has to be within reasonable and rational criteria. You can't have an OROP where pensions are revised every month or every year," he opined.

He said that recommendations of 7th Pay Commission for government employees was coming shortly. "I have been very vigilant about fiscal prudence and therefore my job is really that of a housewife in the sense that you must measure every rupee that the house spends so that you don't overspend and then borrow and if you start borrowing beyond a point and indulge in fiscal indiscipline," Jaitley told a news channel.

Ex-servicemen have been agitating for 78 days at Jantar Mantar here demanding implementation of One 'Rank, One Pension', including annual revision of pension. "We accept the principle (of OROP). We will implement the principle but then let us not create incidence which are going to set (precedent for) other segments of the society to also start demanding (the same)," Jaitley added.

He, however, said, "we would like to safeguard the interest of those soldiers who retire at age of 35 or 38 years and the society must protect them... and therefore some higher pension on a special formulation is understandable but then it can't be revised every year."

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