The anticipation about the 8th Pay Commission grows even further among the central government employees as they want to know when the next salary revision for them would take place. However, up till now, there hasn’t been any official announcement from the government in this regard. There are talks and speculations continuing with regards to … Read more
The long-awaited Dearness Allowance (DA) hike for millions of central government employees is now set to be officially announced on March 12. This will bring really great relief financially to millions of such employees and pensioners to keep pace with soaring inflation and increasing cost of living. With this revision, DA is likely to become … Read more
The hike in Dearness Allowance (DA) for the Central Government is mainly intended to provide financial relief to its employees and pensioners, and this DA hike has been awaited for long. This increase in the DA will help consolidate the earnings of government employees and enhance the pensions of retired personnel. The government thus shows … Read more
For millions of private sector employees, the Employees’ Provident Fund Organization (EPFO) is expected to announce a salary hike. To better enhance the financial well-being of employees under the EPF scheme, this step intends to increase the retirement savings as well as the total remuneration of the workers. It is being considered an important initiative … Read more
Tata Motors launched the long-awaited Tata Punch, a compact SUV that can take on the likes of the Hyundai Creta. Given its good looks, cool features, and value-for-money prices, the Tata Punch has every chance of tempting buyers willing to go for something stylish and loaded with SUV features. This particular launch enhances Tata’s presence … Read more
The Employees’ Provident Fund (EPF) is an integral old-age saving scheme for salaried employees that they can depend upon after their retirement. However, withdrawing money from an EPF account before expiry of the required tenure will incur huge tax deductions. The biggest concern employees have is that of a 30% tax on certain EPF withdrawals. … Read more
The government has announced the huge raise of salaries for its employees; hence, the basic pay stands raised from 18,000 to 26,000. This will be for the financial relief of the government employees to have a better living standard. The revision will affect millions of employees from many sectors, improving their purchasing power and contributing … Read more
Introduction The bright financial future for central government employees seems a certainty as the new salary structure and pension increments may soon be implemented in line with the recent announcement. This makes sense as these well-deserved initiatives are being continued under the auspices of the government to promote the economic well-being of its employees and … Read more