From now onwards, the EPFO has promulgated a new regulation beneficial to lakhs and even lakhs of its employees spread all over the country. With the intention of providing an alternative avenue from the existing complex methods to a hassle-free environment, financial security levels would also be improved so that workers find it easy to … Read more
8th Pay Commission: Following the announcement of the Eighth Pay Commission, the salary hike for central government employees has again become an issue of debate. Shiv Gopal Mishra, Secretary, National Council-Joint Consultative Machinery (NC-JCM), in his view on the fitment factor for the new pay commission, stated that it should be at least the fitment … Read more
EPFO Interest Rate Announcemen: As recommended by EPFO, 8.25 percent as interest on Employees’ Provident Fund will remain for FY 2024-25 just as last year FY 2023-24. The EPFO clarified that the interest rate will be notified in official government notifications after making recommendations by the Central Board of Trustees, post which EPFO will deposit … Read more
The Central Government is making preparations about a universal pension for all citizens of India. The main objective behind this scheme is financial security for every citizen in old age. This scheme is considered to be applicable for all categories, from government or salaried employees to self-employed or gig workers. Moreover, the government is striving … Read more
The Employees’ Provident Fund Organization (EPFO) is finally set to announce a major relief for employees withdrawing their PF money. The government is making a push to ensure a scheme that would ease the process of PF withdrawal via UPI and ATM for millions of EPF account holders out there. What Is PF Withdrawal Plan? … Read more
State government employees have received a major salary boost, as their wages have been increased from ₹26,000 to ₹30,300. This salary revision comes as part of the government’s effort to improve the financial well-being of its employees and keep up with inflation. Salary Hike Announcement The government has officially announced a salary hike for state … Read more
Indeed, this is a very big announcement from the Employees’ Provident Fund Organization (EPFO) which will affect millions of EPF accounts. With the new provisions, now employees may have a chance to convert their entire PF balance into a monthly pension, thus securing lifelong retirement benefits. This will surely prove higher pension benefits for those … Read more
DA Hike 2025: Given this growing inflationary pressure, the government increases dearness allowances twice every year. This time, just before the festival of Holi, it is going to announce that government DA for central employees and pensioners is being increased. Now one knows that if you are a central employee who is waiting for this … Read more
The country is suffering from constant inflation, and it is reflected very well in the people’s lives. Now, Holi is going to come in a few days, and just then came the news from the government about dearness allowance for the government employees. The increased dearness allowance will now rise from Rs 15,900 to 16,500 … Read more
Retirement age increase: Period of retirement being very important stage in the life of an employee, every employee begins his career, thinking of the age at which he would retire. Any surprise change in retirement age may drastically change the lives of the employees and their future plans. At present, there were rumors that the … Read more