Government

The Government of India’s Department of Economic Affairs, Budget Division, Ministry of Finance has notified that General Provident Fund and other similar funds’ accumulations will earn an interest rate of 7.1% from April 1, 2023, to June 30, 2023. The interest rate will apply to ten funds, including the General Provident Fund (Central Services), State […]

On April 6, 2023, the Vigilance Commission issued Circular No. 03/04/23 regarding the handling of complaints that require factual reports. The circular revises the previous office order from August 14, 2020, and now mandates Chief Vigilance Officers (CVOs) to submit factual reports to the Commission within 30 days of receiving complaints/communications, after scrutinizing relevant records […]

The Department of Posts under the Ministry of Communications has released SB Order No. 09/2023 to encourage the utilization of NEFT/RTGS services for transferring funds from bank accounts to PPF/SSA and PO Savings accounts. The order outlines instructions and protocols for account holders to initiate the transfer of funds via NEFT/RTGS. It stresses the significance […]

The SCRE Sangh has written to the Personnel Department of South Central Railway concerning the payment of National Holiday Allowance (NHA) to Group ‘C’ non-gazetted railway employees receiving higher pay levels beyond Level-8 under MACPS. The railway department has referred the matter to the Railway Board to determine whether eligible staff should receive NHA from […]

On 16th March 2023, the Pension Fund Regulatory and Development Authority (PFRDA) issued a circular, PFRDA/2023/11/Fintech/02, addressed to all National Pension System (NPS) stakeholders and Account Aggregators (AAs), regarding financial information types for NPS balances. Account Aggregators are non-banking financial companies (NBFCs) regulated by the RBI, enabling customers and investors to access their financial information […]