The Indian Chief of the Army Staff, General T.N. Raina, has announced a "double bonus?
The Indian Chief of the Army Staff, General T.N. Raina, has announced a "double bonus for members of the armed forces".
Speaking at an Army Day parade in New Delhi on Thursday (15 January), he announced a group insurance scheme for all members, and the extension of the active service period of soldiers from ten to fifteen years, making them eligible for a pension.
The group insurance scheme came into effect after a colourful military parade, during a simple ceremony at Army headquarters. Under the scheme soldiers will pay into the fund and receive their money back, with interest, when they retire. If they die before retirement, the money goes to their relatives.
General Raina said the Government had the welfare of soldiers constantly in mind and in the last few years had sanctioned substantial benefits for the army.
He congratulated the army for its 'proud record of disciplined and loyal service" but said India cherished "no aggressive ambition and our country is dedicated to the ideals of peace".
He also announced that the Army Wives Welfare Association had set up a hundred scholarships for the education of the children of members who had died in service.
The parade was led by a mounted column of sixty-one cavalry. The mechanised columns included Vijayanta tanks, Iiger Cat missiles and surface to air missiles.
General Raina also presented five medals for gallantry and numerous other awards.