Tag: central government employees

Calculating pension benefits: Grant of notional increment for these central government employees who have retired from service
Posted in Finance

Calculating pension benefits: Grant of notional increment for these central government employees who have retired from service

The Supreme Court of India has ordered that Central Government employees who retired on June 30 and December 31 will receive a notional increment as…

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da hike: Cabinet approves 3% DA hike for central govt employees, effective July 1, 2024 - The Economic Times Video
Posted in Economy

da hike: Cabinet approves 3% DA hike for central govt employees, effective July 1, 2024 – The Economic Times Video

The Union Cabinet on Wednesday approved a 3 per cent Dearness Allowance (DA) hike, said I&B minister Ashwini Vaishnaw, while announcing the key decisions of…

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The centre hiked the dearness allowance (DA) for all central government employees by 3%(Amit Dave/Reuters)
Posted in Business

DA hiked by 3% for all central government employees ahead of Diwali celebrations

Oct 16, 2024 02:16 PM IST The Dearness Allowance (DA) for all central government employees has been hiked by 3%, bringing it to 53% of…

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This means more than one crore central government employees as well as pensioners will get their October month pay with the increased DA as well as three months' worth of DA arrears.(Reuters)
Posted in Business

Central government employees may soon get 3% DA hike with 3 months’ arrears: Report

Oct 16, 2024 11:39 AM IST The July DA hike saw significant delay this year, with the announcement now expected to come a few days…

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The Department of Pension and Pensioners’ Welfare (DoP&PW) has thus, notified the Central Civil Services (Implementation of National Pension System) Rules, 2021, in an October 07, 2024 memorandum, of new guidelines detailing the government’s contribution to NPS.(Representational Image/Pixabay)
Posted in Business

New NPS contribution rules and guidelines for central govt employees announced: Check details

The government has notified new NPS (National Pension System) rules with updated contribution guidelines for leave and suspension which may increase retirement savings and pensions…

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Union Finance minister Nirmala Sitharaman hopes most states would adopt the UPS (Ajay Aggarwal/HT)
Posted in Business

NPS won’t be rolled back, UPS is to improve it, no compulsion for states to adopt it: FM Nirmala Sitharaman

Aug 28, 2024 04:23 PM IST There is no compulsion for states to adopt it and there will be no change in tax treatment under…

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The government has usually implemented new Pay Commission recommendations once every 10 years, with the 7th Pay Commission coming into effect on January 1, 2016. (Pexels)
Posted in Business

8th Pay Commission: What may be the revised minimum salary and pension, date of implementation

The 8th Pay Commission may potentially be set up by January 1, 2026, revising salaries and pension benefits for more than one crore central government…

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Posted in Finance

Pension Budget 2024 expectations: FM may offer guarantee under NPS; central government employees likely to get 50% of last pay drawn as pension

The government plans to provide 50% of the final pay drawn as pension for central government employees enrolled in the National Pension System. This effort…

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7th Pay Commission: Govt clarifies on 18-month frozen DA arrears for central govt employees
Posted in Finance

7th Pay Commission: Govt clarifies on 18-month frozen DA arrears for central govt employees

The government will not be paying central government employees the 18 months’ worth of Dearness Allowance (DA) arrears that were stopped during the Covid-19 pandemic….

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