This would mean that PFMs could use their investment corpus to invest into upcoming IPOs including the Rs 16,000 crore initial public offering of Paytm.

The chief minister, who reached the Assembly with a bag made of cow dung, said that this budget was a strong attempt to realise Mahatma Gandhi’s dream of taking the benefits of welfare schemes of the government to the last person of the society

Government employees may prefer the old pension scheme because of assured payouts and family pension but question marks over its feasibility cannot be wished away, experts say