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The Indian Ministry of Finance has announced an increase in the Dearness Allowance (DA) rates for Central Government employees, effective from January 1, 2023. The DA rate has been raised to 42% of the Basic Pay, which refers to the pay drawn in the prescribed level in the Pay Matrix as per 7th CPC recommendations […]

The Ministry of Finance, Department of Expenditure, Government of India has issued an Office Memorandum titled “Revised instructions on Bringing Autonomous Bodies (ABs) under the Treasury Single (TSA) System” on March 24, 2023. The memo contains enclosed instructions dated 24.02.2022, in the form of Ministry of Finance OM 26(118)//EMC Cell/2016, which outline the steps to […]

The Employee Provident Fund’s Central Board of Trustees (CBT) has proposed a recommended annual interest rate of 8.15% to be credited to EPF accumulations for the financial year 2022-23. This suggestion aims to distribute more than Rs. 90,000 crore in members’ accounts based on the total principal amount of approximately Rs. 11 lakh crore. After […]

An office memorandum has been issued by the Ministry of Personnel, Public Grievances & Pensions in India, which provides clarification on certain procedural requirements related to the Central Civil Services (Leave Travel Concession) Rules, 1988. According to the memorandum, government employees can encash up to 10 days of earned leave at the time of availing […]

In response to an unstarred question in the Lok Sabha, the Defence Minister stated that the government has taken note of transmission errors highlighted by the CAG report on Defence Services (2017) in nearly 75% of pension disbursements. The Principal Controller of Defence Accounts (Pension) has taken steps to improve the systematic inefficiencies by communicating […]