Question : NATIONAL SAVINGS ORGASINATION



(a) whether the Government propose to reduce the number of employees of the National Savings Organisation from 1191 to 25;

(b) if so, the reasons therefor;

(c) whether the functions being discharged by the National Savings Organisation are likely to be transferred to any other institution and if so, the expenditure likely to be incurred thereon;

(d) whether the aforesaid expenditure is likely to be less than the expenditure being incurred on running the National Savings Organisation;

(e) if not, the justification behind downsizing the NSO; and

(f) the fate of the surplus employees after downsizing the NSO?

Answer given by the minister


MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHAB VIKHE PATIL)

(a) & (b) Government has accepted the recommendation of the Expenditure Reforms Commission to downsize the National Savings Organisation by reducing its staff strength from 1191 to about 25.

(c) to (f) The modalities of redeployment/ transfer of staff and other related issues are under finalisation.