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 … [Continue reading] about Central Government Employees’ DA increased to 42% from 1.1. 2023 PDF
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 … [Continue reading] about Revised Guidelines for Inclusion of ABs in Treasury Single System PDF
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 … [Continue reading] about EPF Subscribers to get 8.15% interest rate for FY 2022-23 PDF
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. … [Continue reading] about Government Issues Clarification on Leave Travel Concession Rules for Employees PDF
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 … [Continue reading] about Pension Disbursement: Dealing with Transmission Errors PDF
