The year 2025 has been a very fortunate one for the employees and the pensioners of the central government, as the DA and DR hike has been approved by the government officially. This escalation serves to aid employees in getting through the inflation and be financially stable now that there are a lot of beneficiaries … Read more
The initiation of a major pay and pension restructuring process for central government employees and pensioners has been marked by the official approval of the 8th Pay Commission (8th CPC) by the Government of India in addition to the notification of its Terms of Reference. The pay revision has raised expectations already in all the … Read more
State Bank of India (SBI) remains one of the primary banking institutions in India for investments that are safe and stable. The Fixed Deposits scheme of the SBI has again been the major attraction for investors looking for guaranteed returns without the risk of the market in 2025. One of the biggest factors is the … Read more
The Employees’ Provident Fund Organisation (EPFO) will undergo a significant overhaul in 2025, as discussions are ongoing to alter the existing pension system and to increase the social security coverage for salaried employees. Among the proposals discussed, one of the most important is to raise the wage ceiling that is used for the computation of … Read more
A considerable change in the DA (Dearness Allowance) increase news has been brought forward to the followers of central government workers and retirees. The inflation rate being unceasingly raised and living expenses giving a hard time to households, consequently, a DA hike has become unavoidable. The article mentions that going from 6% to 11% increase … Read more
Punjab National Bank (PNB) has a new scheme to offer customers account holders who meet the criteria benefits of up to ₹6 Lakh. Through this offer, the bank is seeking to enhance the financial safety of their customers, giving them a combination of insurance coverage, financial protection, and value-added services. The scheme is a way … Read more
The child ticket rules of Indian Railways have been updated and the update is essential for families traveling with small kids to get more convenience and clarity. The new rules specify the situation of free rides for children, application of reduced fares, and the case where the adult fare is charged. Considering families’ frequent confusion … Read more
As per the reports, the government has given its nod for the central employees and pensioners to get a 4% Dearness Allowance (DA) hike in 2025. The increase is a very comforting one, especially when the inflation is burdensome the households very much. The DA hike occurs as per the regular revision process under the … Read more
The fitment factor, which is the main multiplier for calculating the new basic pay for the central government employees, is once again the center of attention as the eighth pay commission is about to be set up and discussions are becoming more heated. The current fitment factor of 2.57 set by the 7th Pay Commission … Read more
There is a widespread belief among employees that the Employees’ Provident Fund Organisation (EPFO) has fixed the maximum contribution to the provident fund at 12% of the basic pay plus dearness allowance (DA). This, however, is a misconception that is very common. Though the 12% is the compulsory contribution which is the standard rate, along … Read more