Central Government Employees News :: Seventh Pay Commission

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Heads of CPPCs directed to ensure timely credit of the first pension

Heads of CPPCs directed to ensure timely credit of the first pension: GOVERNMENT OF INDIA MINISTRY OF FINANCE CENTRAL PENSION ACGOUNTING OFFICE TRIKOOT-III, BHIKAJI CAMA PLACE, NEW DELHI-110066 CPAO/IT&TECH/Bank Performance/37 Vol-III(A)/2023-24/130 Dated:20.10.2023 Office Memorandum Subject: Delay in First Credit of Pension into the account of pensioner/family pensioner regarding. Kind attention is invited to this office OM No.40 dated 12.07.2021 and OM No. 71 dated 23.05.2023 wherein all the Head of the CPPCs of authorized banks were direc Read More

Karnataka set to implement 7th Pay Commission iin November 2023

Karnataka set to implement 7th Pay Commission iin November 2023: The Karnataka state government is set to implement the recommendations of the 7th Pay Commission for state employees starting in November 2023. This announcement comes after the commission, constituted in November 2022, is expected to submit its recommendations next month. Karnataka Home Minister G Parameshwara confirmed this development in a statement to the media, emphasizing that Chief Minister Siddaramaiah has assured that a decision on the implementation of the pay commission report will Read More

CPI-IW falls sharply, Still Jan 2024 DA to reach 50%, Other allowance to go up

CPI-IW falls sharply, Still Jan 2024 DA to reach 50%, Other allowance to go up: The Labour Bureau has published the All-India Consumer Price Index for Industrial Workers (CPI-IW) for the month of September 2023, which declined sharply by 1.7 points from August 2023. This has led to anxiety among central government employees, as they were anticipating a DA hike of over 50% from January 2024. Currently, the DA for central government employees is 46%. However, based on the CPI-IW indices till September 2023, the expected DA for January 2024 was almost certain to cross Read More

Facility of Systematic Lump sum Withdrawal (SLW) for NPS Subscribers

Facility of Systematic Lump sum Withdrawal (SLW) for NPS Subscribers: PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY Circular Circular no: PFRDA/2023/30/SUP-CRA/10 27th Oct, 2023 To All NPS Stake Holders Subject: Facility of Systematic Lump sum Withdrawal (SLW) for NPS Subscribers As per the existing exit guidelines, the subscribers post 60 years/superannuation can defer availing of annuity & withdrawing the lump sum on any combination till 75 years of age. The lump sum amount can be withdrawn in a single tranche or it can be withdrawn Read More

DA to the CDA pattern employees of CPSEs, drawing pays in 7th CPC scales

DA to the CDA pattern employees of CPSEs, drawing pays in 7th CPC scales: F. No. W-02/0038/2017-DPE (WC)-GL-XXII/2023 Government of India Ministry of Finance Department of Public Enterprises Public Enterprises Bhawan, Block 14, CGO Complex, Lodi Road, New Delhi-110003, Date: the 26th October, 2023 OFFICE MEMORANDUM Subject: – Payment of DA to the CDA pattern employees of CPSEs, drawing pays in 7th CPC pay scales. The undersigned is directed to refer to Para No. 3 and Annexure-II(a) and II(b) to this Department’s O.M. No. W-02/0058/2016-DP Read More

Post Office Bank introduces online facility for starting Savings Scheme

Post Office Bank introduces online facility for starting Savings Scheme: In a significant move to enhance customer convenience, the Department of Posts (DoP) has announced that, as of October 20, 2023, Post Office Savings Account holders can open Monthly Income Scheme (MIS) accounts, Senior Citizens Savings Scheme (SCSS) accounts, and Mahila Samman Savings Certificate (MSSC) accounts through the Department of Post's Internet Banking facility. This development comes as part of the ongoing digitization efforts by the DoP to modernize its services and make them more Read More