More than 7 million Indian employees working under the central government would expect more exciting news from the Central Government under the 7th Pay Commission. As the rising inflation and cost of living increase, this latest announcement brings some financial relief to the central employees in the form of Dearness Allowance (DA) hike and other … Read more
Unified Pension Scheme 2025: For the Indian pension landscape, a perceivable transition is nearing realization. The Government of India is launching the Unified Pension Scheme (UPS) on April 1, 2025; this is a pioneering step that merges multiple pension systems under a unified banner and provides guaranteed financial dignity for retirees through a minimum salary … Read more
The new and forthcoming aspect of the 8th pay commission has most people’s mouths watering, and that is when the word comes into discussion, namely the fitment factor- a factor which has a direct bearing on revision of salaries of the central government employees. Understanding the mechanism and the possible expectations from an employee’s perspective … Read more
The Dearness Allowance (DA) of 2052 was a blessing and joy many awaited by central government employees and pensioners alike. To help counter the increasing toll of ever-escalating inflation on the household budget, this revised DA was purposely introduced to offset the rising cost of living for employees and improve the overall income. A brief … Read more
Facial authentication technology has been introduced into EPFO, the Employees’ Provident Fund Organisation, to significantly enhance many infrastructural services that deal with everything pension. The major beneficiaries would obviously be crores of EPFO members-pensioners in particular-who often encounter problems in availing services due to issues of documentation or biometric mismatch. What Is Face Authentication? This … Read more
EPS-95 defines the Employees’ Pension Scheme that has been engaged in being a pillar of retirement for millions of private-sector employees. It was built in 1995. The monthly pension must be a minimum of ₹1,000 and this minimum pension of EPS-95 has been kept constant since 2014. Meanwhile, there has been an ever-increasing pressure to … Read more
The central government employees and pensioners are going to be benefitted by Dearness Allowance (DA) hike, announced recently. A valid question and that too for many is when would be the date for crediting arrears and also how much would they get. This article dwells upon various aspects of the recent DA hike, calculations for … Read more
8th Pay Commission Update April 2025: The latest news about the new Pay Commission for the central employees has announced that under the proposed 8th Pay Commission, salary will increase tremendously for central employees. But the question has arisen whether the employees retiring before 2026 would also benefit under the 8th Pay Commission. 8th Pay … Read more
This Gratuity Act 1972 provides the maximum retirement benefits available for employees in any state in the country. Gratuity is generally cash, which comes to employees after their retirement when the employees are paid gratuity from the funds made available by the employer with the companies for the employees. It has been observed that the … Read more
The Central government employees and pensioners have a reason to rejoice the aforementioned announcement of DA and DR hike by 2% made by the Union Cabinet, which shall enhance DA/DR from 53% to 55% of the basic pay and pension. The said increase is due to come into effect on January 1, 2025, in other … Read more