New Delhi, March 8: Devendra Yadav, the President of the Delhi Pradesh Congress Committee, expressed deep concern regarding the impending cessation of pension payments for retirees, despite the Delhi Financial Corporation (DFC) holding over ₹530 million in cash and bank deposits, along with more than ₹1.93 billion in real estate assets.
Yadav highlighted that many employees have worked diligently to make the DFC a successful and financially sound organization. However, they are now being deprived of their pensions and related benefits, plunging many into severe financial distress.
A delegation from the DFC Pensioners Association approached Yadav, urging him to raise their plight with Chief Minister Rekha Gupta. They emphasized the urgent need for resolution, as many retirees lack the funds to purchase essential medications for their survival.
Yadav pointed out that the BJP’s manifesto for the 2025 Delhi Assembly elections promised 50,000 government jobs for youth, along with a Gig Workers Welfare Board that would provide ₹1 million life insurance and ₹500,000 accident insurance. Despite these commitments, the Gupta government has not created new job opportunities or filled existing vacancies. Instead, they are shutting down the well-functioning DFC, jeopardizing the livelihoods of thousands.
The DFC Pensioners Association also expressed concerns about the government’s intention to transfer the CMD office building and ₹550 million to the Delhi government. The powers of the CMD, board of directors, and DFC management were reportedly terminated as of February 6, 2026. The government’s actions appear to suggest that the DFC lacks funds for pensions, which raises serious concerns for the interests of DFC pensioners.
Yadav urged Chief Minister Rekha Gupta to immediately release pensions for all retirees starting December 2025. This should include future inflation relief, direct payments of Group Provident Fund (GPF) dues, and the commutation of pensions for employees under the old pension scheme. He also called for the restoration of the medical scheme and the protection of pensioners’ rights regarding lifetime medical subscriptions. He condemned the sudden halt of pension payments without notice, especially when the DFC has ample cash and assets available.
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My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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