Interim pension regulator PFRDA has asked the government to bear the cost of maintaining accounts of policy holders under the New Pension System, a move that will encourage people to opt for the scheme.
Officials cited the example of the Sixth Pay Commission.
'What is this new PF rule? Complete nonsense!' 'I want my PF money right now and not when I am 58 years old.'
Average monthly GST collection rose from Rs 90,000 crore during the first year of its implementation -- 2017-2018 -- to Rs 1.68 trillion during 2023-2024, representing an 87 per cent rise.
Do you think the new pay panel proposals will cripple India's economy? Are political compulsions overriding economic sense? Or do you think this is a fair move? Tell us.
The government is actively considering raising the retirement age of all central government employees, including those in the armed forces, from the present 60 to 62 years.Finance Minister Pranab Mukherjee has submitted a report to the prime minister outlining all the pros and cons of the move, including the cascading effects on government employment and the huge savings, at least for two years, on account of retirement payouts.
The community members, including Rahul Bhat's family, accused the Bharatiya Janata Party-led government at the Centre of making young Kashmiri Hindus 'cannon fodder' in the name of rehabilitation of the community.
Union Cabinet, on Friday, may consider a three per cent hike in dearness allowance for central government employees following the rise in inflation.
Ahead of a crucial meeting on Jammu and Kashmir, National Security Advisor Ajit Doval on Thursday met Union Home Minister Amit Shah and is believed to have discussed the security situation in the Union territory which has witnessed a spate of targeted killings since May 12.
Unions have also demanded raising the income tax exemption limit from Rs 2 lakhs to Rs 5 lakhs.
The Employees' Provident Fund Organisation (EPFO) on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2014, to contribute up to 8.33 per cent of their actual salaries - as against 8.33 per cent of pensionable salary capped at Rs 15,000 a month - towards pension. The apex court gave a four-month window to enable opting for higher pensions.
Would the retirement age enhancement be beneficial to retain the collective experience in government work? Tell us! your views!
The current salary paid by the Delhi government amounts to 17 per cent of the total expenditure.
In a move that will benefit over 10 million central and state government employees, besides those in the defence services, the ministry of personnel is finalising a proposal to raise the retirement age of central government officials from 60 to 62 years. If approved by the Cabinet, this will be the second time in nine years that the retirement age will be raised.
Major central trade unions, including financial institutions and state and central government employees associations, will go on a nationwide strike on February 24.
Kashmiri Pandits in Srinagar continued their protests on Wednesday, May 18, 2022, in the wake of the killing of government employee Rahul Bhat, who was shot dead by terrorists inside his office in central Kashmir's Budgam district on May 12.
'This goes against the letter and spirit of Punjab Reorganisation Act 1966. Punjab will fight strongly for its rightful claim over Chandigarh'
'Each state and central government body may be asked to update its system to ensure PAN is used as a common identification to access its services.'
The ruling Congress is seeking to retain power in Chhattisgarh by banking on the welfare schemes of the Bhupesh Baghel government, while the Bharatiya Janata Party is hoping to corner it on the issues of alleged corruption, religious conversions and unfulfilled poll promises.
Even as the indefinite strike by the government employees in Seema-Andhra regions, opposing Telangana state completed 40 days with administration remaining completely paralysed, private educational institutions were also set to join the stir from Monday till month end.
RBI retained the GDP growth for the financial year 2018-19 at 7.4 per cent.
Terming the killing a "cowardly act", the protesters said assurances given by the Centre and the Jammu and Kashmir administration to ensure the safety of minorities in the Valley have proved to be false.
The issue of austerity measures came up at the meeting of the Union Cabinet on Thursday with ministers seeking clarification on the economy drive launched by the government.The issue came up for an impromptu discussion when the Cabinet gave its approval to hike the Dearness Allowance for central government employees from 22 per cent to 27 per cent.
The government on Tuesday approved a four per cent hike in dearness allowance to central government employees and pensioners, which is expected to cost the exchequer Rs 1460 crore (Rs 14.6 billion) in a full year.\n\n\n\n
Pensioners to get 40% raise, more gains for octogenarians. The Union Cabinet has accepted this proposal, along with other recommendations of the Sixth Pay Commission on pension benefits for the estimated 3.84 million central government pensioners at a meeting here on Thursday.
Over 14 lakh (1.4 million) Indian Railways employees may proceed on indefinite strike in the last week of February next to press for their 10 demands, including the formation of Sixth Pay Commission.
After army personnel and IPS officers, other government employees have now voiced their grievances against the Sixth Pay Commission report, saying the recommendations do not correspond to the increased cost of living but will increase inequality.
The Planning Commission does not foresee any significant disruption of state finances on account of increase in salaries of state government employees.
United Progressive Allaince government has not closed its doors on divestment and the options are very much there, Union Urban Development and Parliamentary Affairs Minister Ghulam Nabi Azad said on Wednesday.
The Kashmiri Pandit Sabha threatened to intensify its agitation, if the government did not stop threatening to withhold the salaries of KP employees and forcing them to come back to the valley, where they are under mortal threat from terrorists.
Which entrepreneur would willingly part with her or his hard-earned money for grasping, self-serving politicians? asks Debashis Basu.
The Supreme Court on Friday deferred the hearing for January 4 2024, of the habeas corpus petition filed on behalf of Nikhil Gupta, accused by the United States of conspiring to assassinate Gurpatwant Singh Pannun, a India designated terrorist, against his arrest and ongoing extradition proceedings in the Czech Republic.
The government may defer the implementation of the sixth Pay Commission award by a year or even two to reduce the fiscal burden of the recommendations that proposed a 28 per cent across-the-board salary increase for an estimated 4.5 million central government employees. The report of the commission headed by Justice BN Srikrishna was submitted to the government on March 24 this year, nearly a fortnight before its 18-month tenure was to end.
The government has asked the Pension Fund Regulatory & Development Authority to open the retirement scheme--which has so far been confined to central government employees--to the self-employed and those in the unorganised sector.
India's largest passenger car maker, which witnessed around 4 per cent growth in its sales to touch 410,120 units during April-October 2008 compared to the year-ago period, has seen considerable success in attracting new customers through a multi-pronged strategy, including aggressive marketing campaign aimed at rural markets, corporate customers and central government employees and certain cost-cutting measures.
All India Rank achieves a fine balance of authenticity and sensitivity in the fine portrayals of its young actors and old.
The minimum wage of Rs 80, which is applicable to central public sector undertakings, will see a 30 to 40 per cent jump in a single year once the changes are notified. The decision to hike the minimum wage level was taken by the Central Advisory Board at its meeting chaired by Minister for Labour and Employment Oscar Fernandes last week. The National Floor Level Minimum Wage of Rs 80 is likely to cross Rs 100 once the notification is issued.
India Inc has welcomed the Sixth Pay Commission report that suggested an average increase of 40 per cent in salaries of central government employees and said the move will not lead to a rise in inflation and revenue deficit of the government. Industry body Ficci said the pay hike would not add to inflationary conditions and revenue deficit due to buoyant revenue collections. Also, Ficci said the hike would reduce the problem of governance and attract talented personnel.
The Pay Commission is an administrative system/mechanism that the government of India set up in 1956 to determine the salaries of government employees. The First Pay Commission was established in 1956, and since then, every decade has seen the birth of a commission that decides the wages of government employees for a particular time-frame.
The government is expected to route all its official communication through the official website National Informatics Centre's email service.
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