PENSION HIKE
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
Andhra CM Naidu disburses welfare pensions to beneficiaries
As part of the programme, the chief minister visited a beneficiary's house and chatted with the family members for some time and then personally handed over the pension money to three beneficiaries.
DA hike update: Will Central Govt employees, pensioners get 18-month DA arrear? FM gets proposal
7th Pay Commission Dearness Allowance Latest Update: Dearness allowance is a component of salary of the government employees and pensioners, aimed at soothing the impact of 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? Finance Ministry has received a proposal. All you need to know
Haryana govt hikes pension of freedom fighters, their dependents and Emergency 'sufferers'
I honored the brave 'satyagrahis' who defended democratic values during the dark Emergency period, preserving our constitutional spirit against attempts to suppress public sentiment. The increased pension rates aim to honor those who sacrificed for our freedom, reflecting our commitment to supporting these heroes and their contributions to our nation.
Bharti Airtel hikes stake by 1% in Indus Towers as Vodafone offloads stake
On Wednesday, telecom operator Bharti Airtel increased its stake in Indus Towers by 1% through purchases in large block deals from the open market. This move comes as Vodafone PLC sold off 19% of its equity in Indus Towers in significant transactions.
Teacher recruitment, skills census, hiking welfare pensions among Andhra CM's first decisions
Among the first decisions taken by Andhra Pradesh Chief Minister N Chandrababu Naidu after assuming office were recruiting 16,347 government teachers, increasing welfare pensions to Rs 4,000 per month, and conducting a skills census. He also revoked the Land Titling Act and revived 'Anna Canteens,' which provide subsidized meals. Naidu signed these five files immediately after taking office at the secretariat, following his swearing-in ceremony at Kesarapalle. He received a warm welcome from Amaravati farmers and supporters en route to the secretariat and interacted with school children and common people before holding a meeting with senior officials.
- Go To Page 1
Andhra Pradesh govt issues order to begin teachers recruitment drive for over 16,000 vacancies
The Andhra Pradesh government has initiated the recruitment of 16,347 government teachers by issuing an order and aims to complete the process by the end of 2024. Chief Secretary Neerabh Kumar Prasad directed the school education commissioner to conduct the Mega DSC (District Selection Committee) - 2024 and fill the teacher posts by December 31, 2024.
DA hike for bank employees: Dearness allowance from May to July 2024 announced; latest update on 5-day bank workweek
DA hike for bank employees: Dearness allowance will be 15.97% for May, June and July 2024 for the bank employees. The calculation of dearness allowance for bank employees was revised early this year. A new pay scale has been constructed for the employees of the public sector banks after merging with DA earlier. What will change in dearness relief for the pensioners of PSU banks? What is the latest update on the 5-day work week of the PSU banks? All you need to know
Sikkim govt nod for 4 pc DA hike
The Sikkim government has approved a four per cent hike in dearness allowance for employees and pensioners, effective from July 1, 2023. This decision was made during the first cabinet meeting of the new Sikkim Krantikari Morcha government, chaired by Chief Minister Prem Singh Tamang. The increase brings the total dearness allowance to 46 per cent, costing the state exchequer Rs 174.6 crore this financial year.
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.
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%.
Go First exposure, pension provisions restrict Bank of Baroda Q4 net growth to 2 pc
Without naming Go First, its Chief Executive and Managing Director Debadatta Chand said the bank recognised an aviation account with a Rs 1,700-crore exposure as a non-performing asset during the quarter, and also decided to provide for it fully within a single quarter leading to a huge jump in provisioning for NPAs to Rs 1,485 crore from the Rs 320 crore in the year-ago period.
Health insurance premium shot up over 25% last year for 52% policyholders, finds survey; here's how the impact can be reduced
Health insurance: Premiums of health insurance policies went up by more than 25% for 52% policyholders in India over the last 12 months. In this article we tell you how this will impact senior citizens and others and how you can take steps to reduce its impact if you are a new health insurance policy buyer.
Navigating economic horizons: RBI's role in FY 2024-2025
RBI's nuanced approach in FY 2024-2025 balances growth, inflation, and stability. Expect cautious yet proactive policy rates. Strategic reserves, global index inclusion, and fiscal discipline shape India's economic landscape.
DA hiked to 50% for central government employees; retirement and death gratuity will increase by this much
Latest on DA hike: The Central government increased the dearness allowance (DA) and dearness relief (DR) by 4% in March 2024. This hike in DA to 50% also increased various components of a central government employee’s salary.
4% DA hike: These three allowances of central government employees will go up 25% after latest DA hike; check details
The Dearness Allowance (DA) for central government employees was increased by 4% to 50%. Dearness relief (DR) for retirees of the central government has been increased by 4% to 50% to counteract price hikes. This will result in a large increase in salaries of central government employees and pensions of retirees.
Dearness relief (DR) hiked by 4% to 50% for central govt pensioners: Who are eligible, when will they get it? Govt answers
Central govt pensioners, family pensioners: The Department of Pension & Pensioners’ Welfare (DoPPW) released an Office Memorandum mentioning which pensioners and family pensioners will be eligible for the recent dearness relief (DR) hike and how the payment of DR will be calculated. It will instructed the pension disbursing banks to arrange payments of dearness relief to pensioners or family pensioners without waiting for any further instruction from other authorities. Read here
Rajasthan govt cuts VAT on petrol, diesel; hikes DA of employees by 4%
Rajasthan govt reduces fuel VAT by 2%, aligns dearness allowance with Centre. Effective Friday, Rs 1500 crore burden. 50% dearness allowance from Jan 1, 2024, benefiting 4.40 lakh pensioners.
Govt approves 17% wage hike for 1.10 lakh employees of LIC
17% wage hike approved for 1.10 lakh LIC employees from August 1, 2022. NPS contribution increased to 14% for post-April 1, 2010 joiners. Government provides ex-gratia payment to over 30,000 pensioners. Bank employees' raise approved from November 1, 2022.
DA, DR hiked to 50%: Will DA, DR automatically merge into basic pay of central govt employees, pensioners now?
DA hike latest news: In a welcome move for central government employees and pensioners, the dearness allowance (DA) and dearness relief (DR) have been increased by 4% to 50%. This decision, effective from January 1, 2024, benefits around 49.18 lakh central government employees and 67.95 lakh central government pensioners. Will DA and DR merge into basic pay for central govt employees, pensioners now? Will the salaries of the central government employees increase now? All the central government employees must know about the recent DA, DR hike.
DA hiked to 50%, HRA, other components to rise: How much will salary increase for central government employees, pensioners?
What happens when DA reaches 50%? The central government has recently increased dearness allowance by 4%. With this, DA will be hiked to 50% from 46% from the central government employees. Similarly, DR will be increase by 4% to 50% for the central government pensioners. As DA hits 50%, certain other allowances and components will also go up. So, overall take-home salary of the central government employees will increase significantly. How much will salary increase for central government employees, pensioners? Find out here
Cabinet okays 4% DA hike for staff; outgo pegged at ₹12,900 crore
The union cabinet approved an additional instalment of 4% DA and DR for central government employees and pensioners effective from January 1. This would benefit over 10 million employees and 6.79 million pensioners, with a combined impact on the exchequer of Rs 12,869 crore per annum.
Mega salary hike for central govt employees as DA to touch 50%: HRA, gratuity, other components will also go up
If DA hits 50%, certain other allowances and components of the salary — house rent allowance, children's education allowance, gratuity ceiling, daily allowance — will also go up, according to the recommendations of the 7th Central Pay Commission. It will lead to a significant jump in the salaries of the central government employees. How will the central government employees be benefitted if DA touches 50%? Will DA merge with basic pay when it crosses the 50% threshold? Find out here
DA Hike: Central govt employees, pensioners likely to get 4% DA, DR hike soon; when to expect, know salary calculation
7th Pay Commission DA Hike Update: The dearness allowance for central government employees is calculated based on the latest Consumer Price Index for Industrial Workers (CPI-IW). The Union government usually revises the dearness allowance twice a year — in January and July. The announcement of an increase in DA generally comes in March. With 4% DA hike, how much will the salary of central government employees increase? Check full calculation here
SBI net falls 35% in Q3 on higher wage, pension provisions
The country's largest bank reported a net profit of ₹9,164 crore for the third quarter against ₹14,205 crore a year earlier. It made provisions of ₹13,413 crore to deal with impending pension and wage hikes. "The provisions are one-time items," SBI chairman Dinesh Khara said. "We had to correct anomalies in our pension and dearness allowances after a ruling in a court case, which was going on since 2022.," he said.
Dearness relief (DR) hiked by 4% for Central Govt pensioners, family pensioners: Who are eligible, when will they get it? Govt answers
Central Govt pensioners, family pensioners: The Department of Pension & Pensioners’ Welfare (DoPPW) released an Office Memorandum mentioning which pensioners and family pensioners will be eligible for the recent dearness relief (DR) hike and how the payment of DR will be calculated. It will instructed the pension disbursing banks to arrange payments of dearness relief to pensioners or family pensioners without waiting for any further instructions from other authorities. Read here to know more details
DA Hike: DA, DR hiked by 4% for central govt employees, pensioners; how much salary will increase
DA hiked by 4% for central govt employees: DA for central government employees and pensioners have been hiked by 4%, effective from July 1, 2023. At present, the central government employees and pensioners get a 42% dearness allowance. After the latest hike, DA will jump to 46%. Know how much salary will increase for central government employees and pensioners.
Cabinet approves 4% DA hike for govt employees, 7% MSP hike for 6 Rabi crops
The Cabinet on Wednesday approved a 4 per cent hike in dearness allowance for central government employees and pensioners effective July 2023, Minister Anurag Thakur said at a press briefing. The Cabinet also approved the minimum selling price (MSP) for six prominent Rabi crops by 7 per cent for the next marketing season for 2024-25.
Load More
