CENTRAL PENSION ACCOUNTING OFFIC
Arka Fincap signs co-lending partnership with Central Bank of India for MSME loans
Arka Fincap, part of the Kirloskar Group, announced a partnership with Central Bank of India to offer MSME loans. Under this co-lending arrangement, Arka will originate and process loans while Central Bank will fund 80%. Arka aims to grow its book to Rs 7500 crore by FY25, focusing on MSME lending.
CGHS new update for central govt pensioners: How to apply for CGHS card, latest charges, documents required
Here are the latest update on CGHS for the central government pensioners. From how to apply for CGHS card to documents the central government pensioners need to submit to validity of CGHS cards, all your questions answered. Do keep in mind that these rules are applicable for the central government pensioners who draw pensions as per the 7th Pay Commission. Read on
Budget 2024: Higher OPS-like pension in NPS; central govt employees likely to get 50% of last pay drawn as pension
NPS in Budget 2024: The government aims to provide reassurance to central government employees covered by the National Pension System by offering them 50% of their last drawn pay as pension, in an effort to address their payout-related worries. Even though the current scheme provides attractive returns for employees who have been investing for 25-30 years, the government is still committed to ensuring this benefit.
DA hike latest update: Will central govt employees, pensioners get 18-month DA arrear? PM gets a proposal
7th Pay Commission Dearness Allowance Latest Update: Dearness allowance is a component of salary of the government employees and pensioners. It was introduced to help government employees cope with rising inflation. Will the central government employees and pensioners get arrears for the dearness allowance (DA) and dearness relief (DR) suspended for 18 months during the COVID-19 pandemic? Prime Minister has received a proposal. All you need to know
Mandatory linking of CGHS beneficiary ID with ABHA for central govt employees suspended; should you still do it?
Mandatory linking of CGHS beneficiary ID with ABHA ID: The Ministry of Health and Family Welfare has announced a temporary suspension of the mandatory linking of Central Government Health Services (CGHS) beneficiary ID with Ayushman Bharat Health Account (ABHA) ID. Citing a review of their earlier directive, the Ministry issued an office memorandum on June 25, 2024, stating the decision to put the implementation on hold until further notice. This move aims to reconsider the compulsory integration of the two IDs, allowing for future deliberation on the matter.
MoD inks MoUs with 4 banks to onboard them as SPARSH service centres across 1,128 branches
The Defence Accounts Department (DAD) of the Ministry of Defence has signed MoUs with Bank of India, Canara Bank, Central Bank of India, and Utkarsh Small Finance Bank to onboard 1,128 branches as SPARSH service centres. SPARSH (System for Pension Administration (RAKSHA)) is a web-based system for direct pension processing. These centres will assist pensioners in remote areas with services like profile updates, grievance registration, and digital identification. SPARSH services are now accessible at over 26,000 branches of 15 banks, enhancing pension management efficiency and transparency.
AAP office space allotment: Delhi HC asks Centre to take decision within six weeks
The Delhi High Court on Wednesday said the AAP is entitled to space for a party office here like other national political parties and asked the Centre to take a decision on the issue within six weeks. Justice Subramonium Prasad observed that national political parties have the right to one housing unit from the general pool in Delhi for office use on payment of licence fee until they have acquired land for constructing their own.
Delhi HC seeks Centre action on AAP’s office case, says party is entitled to office space like others
Delhi High Court directs Centre to decide on AAP's request for office space within six weeks. AAP to vacate DDU Marg office by June 15. Court considers plea for land allotment on June 10.
DA hike: Will basic pay of central govt employees, pensioners increase as DA, DR touch 50%, as per the 7th Pay Commission?
DA hike latest news update: There have been speculations about a possible hike in basic pay for central government employees and pensioners in July 2024 as dearness allowance (DA) and dearness relief touch 50%. Usually, the DA and DR of the central government employees and pensioners increase from July. Are central government employees and pensioners looking for a hike in basic pay from July 2024? ET Wealth Online spoke with various experts to understand the regulations of Pay Commissions and how they will impact the salaries of central government employees and pensioners.
7th Pay Commission news: Gratuity limit now hiked for central government employees after Dearness Allowance (DA) touches 50%
DA hike impact: The Center's decision to increase its employees' dearness allowance by 4% to 50% has resulted in significant revisions to other allowances, including retirement gratuity, which is a great benefit for government employees.
Central govt employees' pension: NPS to OPS switch? Centre releases new FAQ answering all your queries
NPS vs OPS: The Centre allowed central government employees to switch from NPS to CCS (Pension) Rules, 1972 (now 2021), known as the old pension scheme. The Department of Pension and Pensioners’ Welfare released FAQs to address queries on the implementation of the switch. All the central government employees and pensioners must know
Can you transfer EPF account from unexempted trust to EPFO, exempted trust?
EPF account transfer from unexempted trust: Many salaried individual have Employees' Provident Fund account either with EPFO or exempted trusts. However, what if you have an EPF account with unexempted trusts? Does EPF scheme rules allow an EPF member to transfer the unexempted trusts to EPFO or exempted trusts? Read on to know about it.
Latest on DA hike: 25% increase in gratuity due to dearness allowance hike kept on hold; here’s why
Dearness allowance hike: The EPFO has opted to keep in "abeyance" the retirement and death gratuity increase for workers, which is a blow to those employed by the government and organised sector. In March 2024, the Central government raised the Dearness Relief (DR) and Dearness Allowance (DA) by 4%.
Latest General Provident Fund rules: Will interest amount be paid if the GPF contribution exceeds Rs 5 lakh? Govt clarifies
General Provident Fund rules: All government employees can open a GPF account and pay a portion of their salaries to the GPF. When they retire, employees receive the entire money accrued in their GPF account over their service tenure.
LTC rules for central government employees released: Who is eligible, who is not? Find out here
The Leave Travel Concession (LTC) initiative offers government employees a discounted travel option to go to any destination in India or to their home town during a a block of four years. . Are all central government employees eligible for LTC? What are the terms and conditions of LTC? All you need to know.
Latest charges for opening, maintaining Atal Pension Yojana (APY) account
Current charges in APY account: If you are a Atal Pension Yojana subscriber, then it is important to know the charges that are levied on the pension account for opening and maintaining the account. Remember, the Atal Pension Yojana (APY) account can be opened with any of the three CRAs.
Atal Pension Yojana account: Now you can open APY account at 3 CRAs
Atal Pension Yojana account: The Central Recordkeeping Agency (CRA) serves as an operational interface for all intermediaries and is in charge of the centralised recordkeeping, administration, and customer support responsibilities for all NPS & APY subscribers under the NPS architecture.
Mandatory linking of CGHS beneficiary ID with ABHA for central govt employees: Check new deadline, other key details
Linking of CGHS beneficiary ID with ABHA ID: Relief for CGHS beneficiaries! The Ministry of Health and Family Welfare (MoH&FW) has extended the deadline for linking CGHS beneficiary IDs with ABHA numbers by 120 days, from June 30, 2024. Initially, the ministry asked all the central government employees to mandatorily link their CGHS beneficiary IDs with ABHA numbers from April 1, 2024. The ministry said, "To assist the CGHS beneficiaries, KIOSKS shall be made operational at all the wellness centers by 30.06.2024." Here's what all the central government employees must know about linking CGHS beneficiary ID with ABHA ID.
Central government pensioners can now view the last 24 detailed pension payment transactions using this app
Pension app for government employees: The Central Pension Accounting Office (CPAO) has developed an in-house mobile application, “DIRGHAYU” for the use of Central Civil Pensioner/Family Pensioners. Let us take a look at a few important features of the DIRGHAYU app.
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