Contemplated as a grand gesture against inflationary pressures, the central government gave its nod to a fourth DA increase of 4%. This really fortified its promise toward disbursing welfare payments to the central government employees and pensioners with effect from June 2025. Pay slips will be issued from next month and this will really enthrall … Read more
Discussions regarding 8th CPC have already assumed fervour with government employees all over India eagerly watching the possible impact on their salaries. The most asked question is how much a Level-2 employee with GP 1900 would earn post-implementation of 8th CPC. Here is an expected breakdown based on projected figures and common expectations: 1. Basic … Read more
The actual workings of the 8th CPC are under gradual progress, with the Government having undertaken steps on critical issues pertaining to the Terms of Reference (ToR) and the minimum wage proposal. To this extent, the Government has taken this huge and historic step to redress the prognosis before the central govt. servants and pensioners … Read more
This iteration brings long-awaited relief to the pensioners, and the government has set the EPS payout to ₹7,000 and Dearness Allowance for all pensioners who become eligible for pension. This buildup indeed acts as a bolt of thunder for all the EPS-95 pensioners who have been demanding an increase in their monthly pension for years. … Read more
Thousands of central government employees must now have sighed in relief after the Government of India gave its long-awaited approval to those 18-month-long DA arrears. The employees and pensioners had immensely appreciated this decision as it was long overdue in view of the DA hike being put on the shelf since 2020 due to the … Read more
RBI Loan Rules: In a major alteration to gold loan operations, the Reserve Bank of India has decreed that obtaining a loan against gold will no longer be so simple like before. The recently issued guidelines of RBI determine that banks and financial institutions will have to place certain conditions. This decision will especially be … Read more
With developments much-awaited till the sunset, the Indian government, with all due solemnity, declared that the formation of the 8th Pay Commission would follow a definite course of action. The entire matter thereby commenced the restructuring of salaries, allowances, and pension concerning thousands of lives and thus have provided financial stability in line with present-day … Read more
The Employees’ Provident Fund Organisation, seeing an opportunity to simplify and modernize the Provident Fund withdrawal procedures, has declared that the withdrawal of EPF savings will soon be possible through ATMs and UPI (Unified Payments Interface). It is a situation that stands to represent a great step in convenience offered to and accessibility given by … Read more
For a development so long-awaited by lakhs of central employees and pensioners, the Central Government is likely to announce a 3% increase in Dearness Allowance and another in July 2025. Such a proposal, if accepted, will greatly ease the few financial problems posed by inflation and cost of living. Meaning Of Dearness Allowance? Dearness Allowance … Read more
In a pathbreaking case, the Supreme Court granted an enhancement in the monthly pension for pensioners of EPS-95. Accordingly, all the qualified pensioners shall receive a minimum monthly pension of ₹7,500 plus DA. This increase will prove to be a boon for over 6 lakh pensioners of the country. Why The Change Was Required EPS-95 … Read more