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Thursday, May 16, 2013

Cabinet raises floor of annual income for creamy layer


More people from the other backward classes (OBCs) would be able to get reservations in government jobs and admission to central education institutions as the Cabinet today approved raising of a floor for creamy layer from over Rs 4.5 lakh per annum income to over Rs 6 lakh a year.However, the OBC lobby within the Congress had demanded raising of the floor further.The decision means that members o....

Rajya Sabha Q&A : No proposal to waive the ceiling for bonus

As per the Payment of Bonus Act, 1965, any employee is entitled to get bonus provided he / she is considered as an eligible employee. As per the Act, an “employee” means any person (other than an apprentice) employed on a salary or wage not exceeding ...
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Wednesday, May 15, 2013

OROP Pension - Some model Calculations issued by PCDA

The department of Principal Controller of Defence Accounts (Pensions) has issued illustrations to calculate the pension at revised rates for OROP Pensioners and family pensioners...
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