PM Modi would wait for the suggestions made by the E-CoS before personally intervening into the matter.
Retirement savings manager EPFO will take up the matter of stepping up its investment in the stock market to up to 15 percent at its next meeting in Pune on Saturday.
Presently, employees and employers contribute 12 percent of basic wages each towards Employees Provident Fund Scheme (EPF), Employee Pension Scheme (EPS) and Employee Deposit Linked Insurance Scheme (EDLI).
As far as HRA is concerned, the central government employees are currently suffering a maximum monthly loss of Rs 33,000, due to non implementaion of revised allowances under the Seventh Pay Commission.
Over 230 banks and the Department of India Post have been involved in the implementation of the government`s flagship social security scheme that focuses on encouraging and enabling the subscribers to save for their retirement.
Post the November 8 demonetisation measure, 12.54 lakh Point of Sale (PoS) terminals have been added during the fourth quarter of the last fiscal ended March to facilitate more digital transactions, the government has said.
Leading publisher of tax and corporate laws in India Taxmann.com has announced its recognition as the Goods and Services Tax Suvidha Provider (GSP) by the Government of India.
Hundreds of lakhs of central government employees might heave a sigh of relief soon as media reports are pouring that the update on allowances as recommended by the 7th Pay Commission will be out by June 1.
Top stock exchange NSE has asked its brokers to ensure that their respective insurance cover is in order for current fiscal and submit the details of their policies in electronic format by July 31.
The long wait of central government employees and pensioners for allowances is about to end as the Narendra Modi government is expected to announce a maximum HRA hike of up to 122 percent for them soon.
Know how GST, which is scheduled to be rolled out from July 1, will make several commodities including packaged cement, medicaments, smartphones and medical devices cheaper.
Paytm is the third entity in the country to launch a payments bank after Airtel and India Post.
Here are the key facts you need to know about the Paytm Payments Bank.
The Empowered Committee of Secretaries (E-CoS) set up to screen the 7th Central Pay Commission (CPC) recommendations on allowances will place the proposal before the Cabinet on this Wednesday.
Know the changes in the recommendations of the Seventh Central Pay Commission in respect of both defence and civil pay matrix and Index of Rationalisation (IOR).
Central government employees will have to wait next week to get the update on higher allowances recommended by the 7th Pay Commission.
Implementation of government's decision on the recommendations of the Seventh Central Pay Commission -Revision of pension of pre 2016 pensioners/family pensioners, etc.
Under the new rates, which are effective from May 16, the rate of home loans under Rs 30 lakh by salaried borrowers has been cut by 0.30 percent to 8.35 percent.
Following implementation of the new pay scale the employees — both state government and contractual school teachers will get 2.57 times of his/her basic pay plus grade pay that he/she was getting on 1 January 2016.
The minimum pension with effect from January 2016 will be Rs 9,000/-per month (excluding the element of additional pension to old pensioners) while the upper ceiling on pension/family pension will be 50% and 30% respectively of the highest pay in the government (the highest pay in the government is Rs 2,50,000 with effect from January 2016).