Central Government Employees News :: Seventh Pay Commission

Govt should fulfill demands of Hindu employees posted in Valley: Shiv Sena:  J&K Shiv Sena unit demanded that the LG led administration should fulfill the demands of protesting Kashmiri Hindu employees posted in Valley before the upcoming Shivratri festival. This was stated by UT chief Manish Sahni while addressing the press conference at Party’s central office, here today. He demanded the safe posting of Kashmiri Pandits/ Hindu working in Kashmir by implementing the transfer policy and said that the Government should leave its stubbornness of making       Read More

Lok Sabha Q&A : Salary cap for pension under Employees Pension Scheme: GOVERNMENT OF INDIA MINISTRY OF LABOUR AND EMPLOYMENT LOK SABHA UNSTARRED QUESTION NO. 636 TO BE ANSWERED ON 06.02.2023 PENSION UNDER EMPLOYEES PENSION SCHEME SHRI GIRIDHARI YADAV: Will the Minister of LABOUR AND EMPLOYMENT be pleased to state: (a) whether the calculation of pension under the Employees Pension Scheme is fixed on the basis of basic salary with a maximum cap at Rupees 15000 due to which the employees getting higher salary do not      Read More

Turkey quake predictor: India, Pakistan next. Know the regions at risk: On Monday, an earthquake shook Turkey and Syria, wreaking havoc on the world. More than 20,000 people have reportedly died in both countries so far. The death toll is likely to rise further as rescue operations are still underway.  In a fearsome prediction for India and the sub-continent, Dutch researcher Frank Hoogerbeets has stated that the Asian countries are next in line will be facing Turkey-like earthquakes or natural disasters. Notably, Dutch researcher Frank Hoogerbeets had predi      Read More

PFRDA: Reduced timelines for transactions for subscriber's benefits: PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY Circular No: PFRDA/2023/06/SUP-CRA/03 7th Feb 2023 CIRCULAR To, All Stakeholders under NPS Subject: Minimum Timelines for Maximum Subscribers’ benefits – Reduction in Turn Around Time to perform various activities from T+4 to T+2-reg The intermediaries of PFRDA viz Central Recordkeeping Agencies (CRAs), Pension Funds (PFs) and Custodian have significantly enhanced the system interface and IT capabilities to red      Read More

5 states to restart old pension scheme - Govt informs Lok Sabha: The finance ministry on Monday said governments of five states -- Rajasthan, Chhattisgarh, Jharkhand, Punjab, and Himachal Pradesh -- have informed the Centre about their decision to revert to the old pension scheme. In a written reply to a question in the Lok Sabha, minister of state for finance Bhagwat Karad said as per RBI's report titled 'State Finances: A Study of Budget of 2022-23', the annual saving in fiscal resources that reversion to the old pension scheme entails is sho      Read More

NPS employees' strike on February 10 for the Old Pension Scheme: On February 10, all Assam Government NPS employee unions will participate in a single day of strike action in support of the return of the Old Pension Scheme (OPS). On February 1st, people observed Black Day in relation to this. The National Pension System (NPS) was bypassed and the Old Pension System (OPS) was reinstated, according to the association's president, Achyutananda Hazarika. Participants at the meeting from the Assam State Employees Federation, Confederation of Central Gov      Read More

The Center takes notice of Andhra's Guaranteed Pension Scheme model: Senior officials in the Union government are seeing merit in the demands of workers who entered service after January 2004 and are part of the New Pension System where their contributions are defined but benefits depend on the market. At least four Opposition-ruled states have already switched back to the Old Pension Scheme which offers defined benefits, and the BJP-Sena (Shinde) coalition in Maharashtra is not opposed to it. Although the YS Jagan Mohan Reddy in Andhra Pradesh has proposed a       Read More

Paid holiday to CG employees on the day of polls for NE states : F. No. 12/1/2022-JCA-Part1 Government of India Ministry of Personnel, Public Grievances and Pensions Department of Personnel & Training Establishment (JCA) Section North Block, New Delhi Dated: 03rd February, 2023 OFFICE MEMORANDUM Subject: General Election to the Legislative Assemblies of Meghalaya, Nagaland and Tripura, 2023 – Grant of Paid Holiday to employees on the day of poll- regarding The undersigned is directed to state that, as informed by the Election Commis      Read More

Rajya Sabha Q&A : Anomalies in the Pay of employees promoted pre/post 2016: GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF EXPENDITURE RAJYA SABHA UNSTARRED QUESTION No. 563 TO BE ANSWERED ON TUESDAY, FEBRUARY 7, 2023/ 18 MAGHA, 1944 (SAKA) ANOMALIES IN THE PAY OF EMPLOYEES 563: SHRI JAVED ALI KHAN Will the Minister of Finance be pleased to refer to Answer to Unstarred Question 1480 given in the Rajya Sabha on 20th December, 2022 and state: (a) the details of merit which are being considered on case-to-case basis      Read More

Rajya Sabha Q&A : Option for re-fixation of pay after time limit : GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF EXPENDITURE RAJYA SABHA UNSTARRED QUESTION No. 569 TO BE ANSWERED ON TUESDAY, FEBRUARY 7, 2023/ 18 MAGHA, 1944 (SAKA) RE-FIXATION OF PAY OF EMPLOYEES 969: SHRI NEERAJ SHEKHAR Will the Minister of Finance be pleased to refer to the answer to Unstarred Question 731 given in the Rajya Sabha on 13th December, 2022 and state: (a) the details of the merit, on the basis of which references received fr      Read More

4% DA hike to be approved likely by this month end. 42% DA before Holi: The central government employees can expect to receive the hiked dearness allowance before the Holi festival. It is seen the the dearness allowance due to the central government staff from January 2023 is 42%, that is an hike of the 4%. Sine the CPI -IW for the months up to December 2022 are available, the calclations show that the DA from January 2023 is 42%. Read: With Dec '23 CPI-IW, 4% DA hike confirmed. 42% DA from January 2023 With the Budget 2023 giveing a feeling of       Read More

Rajya Sabha Q&A : Comments Regarding Old Pension Scheme: GOVERNMENT OF INDIA MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS (DEPARTMENT OF PENSION & PENSIONERS’ WELFARE) RAJYA SABHA UNSTARRED QUESTION NO. 128 (TO BE ANSWERED ON 02.02.2023) COMMENTS REGARDING OLD PENSION SCHEME 128 SHRI JAVED ALI KHAN: SHRI NEERAJ SHEKHAR: Will the PRIME MINISTER be pleased to state: (a) whether Department of Expenditure (DoE) has advised DoP&PW vide ID Note dated 05.12.2022 to consult DoPT and De      Read More

Budget failed to address issues faced by Central govt. staff: NFIR: The National Federation of Indian Railwaymen (NFIR), affiliated to the Indian National Trade Union Congress (INTUC), has alleged that the Union Budget failed to address the central government employees’ issues, resulting in disappointment among them. In a press release on Thursday, NFIR general secretary M. Raghavaiah noted that while the budget proposed concessional Tax Regime for salaried class and senior citizens, the genuine aspirations of Central government employees were not addre      Read More

SC judge surprised to hear that retirement age in Kerala is 56, terms it unfair: Supreme Court judge Ajay Rastogi was surprised to hear that a majority of employees in the government service in Kerala would retire at the age of 56. "In no other state will you have to retire at the age of 56," he added. Justice Ajay Rastogi said it was not fair. He has sought promotion to the rank of Professor/Associate Professor in the Medical Education Service. Justice Ajay Rastogi made the observation while hearing a petition filed by Boney Natesh. Senior advocate V. Sreenivas      Read More

Defence Pensioners need to complete annual identification by Feb 20: Defence Pensioners requested to complete Annual Identification by 20th of February 2023 Posted On: 02 FEB 2023 3:39PM by PIB Delhi All the Defence Pensioners drawing Pension through System for Pension Administration (Raksha) or SPARSH are requested to complete Annual Identification by 20th February, 2023. The completion of the Annual Identification/Life Certification is a statutory requirement for the continued and timely credit of the monthly pension. It may be recalled that the      Read More

CGA warns of disciplinary on AICAE Association's half day walkout: No. 23006/4/2020-NGE-CGA/360 Government of India Ministry of Finance Department of Expenditure Controller General of Accounts (HR-4) Mahalekha Niyantrak Bhawan E Block, GPO Complex, INA New Delhi-110023 Dated: 25, Jan, 2023 OFFICE MEMORANDUM Sub:- Regarding proposed protest by Associations : Half day walkout on 2nd February 2023 (second half). AICAE Association and AICAE CAT-II Association has intimated that the members of their Association will resort to half day walkout on       Read More

CGA warns of disciplinary on AICAE Association's half day walkout: No. 23006/4/2020-NGE-CGA/360 Government of India Ministry of Finance Department of Expenditure Controller General of Accounts (HR-4) Mahalekha Niyantrak Bhawan E Block, GPO Complex, INA New Delhi-110023 Dated: 25, Jan, 2023 OFFICE MEMORANDUM Sub:- Regarding proposed protest by Associations : Half day walkout on 2nd February 2023 (second half). AICAE Association and AICAE CAT-II Association has intimated that the members of their Association will resort to half day walkout on       Read More

Dearness Relief payable to Pensioners for the period Feb - July 2023: Indian Banks’ Association HR & Industrial Relations HR&IR/MBR/76/D/2022-23/11592 November 1, 2022 All Members of the Association (Designated Officers) Dear Sir/Madam, Dearness Relief payable to Pensioners for the period February 2023 to July 2023 The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December 2022 are as follows:-   October        2022          Read More

Who should opt for the new tax regime?: The union budget presented by the Finance Minister contained a few Income Tax benefits for the the taxpayers who opt for the new tax regime. The new tax regime was introduced in the budget 2020 as an option for the taxpayer who opt to forgo the exemptions and deductions enjoyed in the old scheme. It comes with a lower tax rates to compensate this. However there were no much takers for the new regime. In this budget it was announced that the new tax regime will be the default one with op      Read More

Insurance policies with premium over Rs 5 lakh will get no tax exemption: Income from traditional insurance policies where the premium is over Rs 5 lakh will no more be exempt from taxes, Finance Minister Nirmala Sitharaman announced in her Budget speech for the financial year 2023-24. The proposal intends to limit income tax exemption from proceeds of insurance policies with very high value. It has been proposed that in cases where the aggregate premium for life insurance policies — other than unit-linked insurance plans (ULIPs) — issued o      Read More

Mahila Samman Saving and other saving benefits in Budget 2023: Finance Minister Nirmala Sitharaman on February 1 announced a one-time small saving scheme for women. The scheme will be called Mahila Samman Saving Certificate which will be available till March 2025. The one-time new small saving scheme will offer an interest rate of 7.5 per cent for a maximum deposit of Rs 2 lakh. The scheme will be available for years up to March 2025. The finance minister also enhanced the maximum amount of money, a senior citizen can invest in the senior citizen savi      Read More

Income Tax changes - Is there really any benefit?: Eventhough media calls it big relief for the middle class, does it really benefit from the Income tax measures in the last full budget of the government before the 2024 Lok Sabha elections? As a central government employees, is there any advantages for him? Let's have a quick check. The Government of India introduced a new optional tax rate regime starting from April 1, 2020 (FY 2020-21), for the Hindu undivided family (HUF). Consequently, Section 115BAC has been added to the       Read More

New income tax slabs, rates for new tax regime announced in Budget 2023: The Union Finance Minister Nirmala Sitharaman announced that income tax rebate limit increased to Rs 7 lakh in new tax regime. The limit will be increased from Rs 5 lakh currently by Rs 2 lakh in an announcement which will bring a loud cheer to taxpayers.  Basic exemption limit is hiked to Rs 3 lakh from Rs 2.5 currently under the new income tax regime She also reduced the number of slabs to 5, which will be: Income tax slabs under new tax regime for FY 2023-24 (AY 2024-25)       Read More

Budget 2023: Here Are 5 Expected Income Tax Announcements: The Union Budget 2023-24 is going to be presented on Wednesday, February 1, and people are waiting to get to know the announcements on the income tax rates and slabs. Currently, analysts are expecting an increase in the income tax exemption limit, apart from higher deduction limits. More Tax Exemption or Rebate Last year, the government did not announce any new provision in the Budget 2022-23. Now, in the Budget 2023, there is an expectation that the government might give relief       Read More