The United Forum of Reserve Bank Officers and Employees said that its members will go on a mass casual leave on September 4 and 5, pressing their long-pending demands over pension-related issues. According to a press release, United Forum today held ... Continue Reading
The government is considering a hike in the minimum pension provided under the Employees' Pension Scheme, which is managed by the Employees' Provident Fund Organisation (EPFO). The minimum pension may be raised from the current Rs 1,000 per month to Rs 2,000 ... Continue Reading
The government is considering a proposal to raise the pension limit under Atal Pension Yojana (APY) to up to Rs 10,000 per month from the existing slab of up to Rs 5,000, a top official said today. There is a need to ... Continue Reading
Tata Steel’s fourth quarter profit was lifted to Rs 14,688 crore, helped by a one-time pension gain. It had reported a loss of Rs 1,168 crore in the year ago period on account of charges of Rs 4,069 crore, including curtailment ... Continue Reading
A Supreme Court verdict has ended a two-decade long legal battle for regional rural bank (RRB) employees as they can draw pension at par with nationalised banks. About 27,000 retired RRB employees are set to gain from this verdict. RRB’ ... Continue Reading
In a respite to senior citizens, the Central Board of Direct Taxes (CBDT), on 5 April, issued a clarification stating that the standard deduction of Rs 40,000 announced in the Union Budget 2018 is also available to taxpayers whose source of income is ... Continue Reading
The recommendation of 7th Central Pay Commission guided the Union Cabinet to increase the dearness allowance to employees and dearness relief to pensioners from 5% to 7% affecting its 11 million employees and pensioners from 1st January, 2018.
The move shall benefit about 48.41 lakh ... Continue Reading