The Senior Citizen Savings Scheme, 2019 has been modified by the Senior Citizen Savings (Amendment) Scheme, 2023, which has been issued by the Ministry of Finance (DEA). The amendment increases the maximum investment limit for the scheme from ₹15 lakhs to ₹30 lakhs. The Department of Posts, Ministry of Communications, has released a notification to […]
Handling of Disciplinary Proceedings – DOPT PDF
The Department of Personnel and Training has consolidated various instructions on handling disciplinary proceedings into eight Office Memorandums (OMs). This was done to provide stakeholders with one-stop guidance in managing disciplinary proceedings. These instructions were issued at different times in the past by the department. Handling of Disciplinary Proceedings in respect of Central Civilian Employees […]
Implications of Rule 114AAA for Aadhaar-PAN Linking: CBDT Notification PDF
As per a notification issued by the Ministry of Finance and the Department of Revenue in India, individuals who fail to link their Permanent Account Number (PAN) with their Aadhaar number will face consequences such as a higher rate of tax deduction or collection at source and no interest on any tax refunds. This rule […]
Q1 2023-24 Small Savings Schemes Interest Rates Updated by Ministry of Finance PDF
An office memorandum was released by the Department of Economic Affairs under the Indian Ministry of Finance on March 31, 2023, with regard to the revision of interest rates for Small Savings Schemes. The memorandum has announced the updated interest rates for the first quarter of the fiscal year 2023-24, from April 1, 2023, to […]
DOPT: Streamlining Caste Certificate Verification PDF
On March 29, 2023, the Department of Personnel and Training (DOPT) of the Government of India released an office memorandum directed to all States/UT Governments emphasizing the need to complete caste verification processes promptly. The memorandum referred to prior letters from the department and concerns raised by the Parliamentary Committee on the Welfare of SC […]