A Bill seeking to remove anomalies in the pensionary benefits of High Court judges, elevated from the bar, on Friday received the formal nod of Parliament.
The NPS scheme is a good one, but the POP staff clearly need more training to handle exits; the exit process should be made single-window so that the subscriber knows what is going on and knows whom to check with; and last, the annuity products clearly need to be beefed up.
The basic monthly salary of Delhi MLAs and ministers is all set to go up by a whopping 400 per cent besides significant hike in a slew of allowances with the assembly on Thursday approving a bill to effect the increase considering rising cost of living.
The report recommends a minimum basic pay for Central government staff of Rs 18,000 with a maximum pay of Rs 2.25 lakh per month.
The strike is the first at the central bank in six years.
The government on Saturday issued the notification regarding implementation of 'One Rank One Pension' (OROP) for defence personnel. Ex-servicemen, however, said it was not acceptable to them and they will get a legal opinion on it.
Bollywood star Amitabh Bachchan, along with wife Jaya and son Abhishek, have become one of the first beneficiaries of a scheme by the Uttar Pradesh government providing them with Rs 50,000 pension ever month for the rest of their life.
Defence Minister Manohar Parrikar on Tuesday said the demand of armed forces veterans for annual revision of pension under "One Rank One Pension" (OROP) scheme could not be considered as definition of OROP does not specify any time frame for upgradation of pension.
Here's all you need to know about the One Rank One Pension scheme and the reasons for its delay and the resulting anger among veterans.
The OROP issue has ballooned because of the sheer numbers of ex-servicemen, which is 2.8 million. And this number has been swelling year-after-year
In a major relief for women naval officers, Delhi High Court on Friday allowed a bunch of pleas seeking permanent commission for them in the force, saying "sexist bias and service bias" would not be allowed to block progress of women.
The contribution of an employer including interest, in any case, does not exceed more than 75 percent of the total contribution
The Lok Sabha Secretariat at last did a bit of soul searching and said since the parliamentarians aren’t employees, their salary would be taxable as income from other sources.
Prime Minister Narendra Modi on Sunday again assured the country's former servicemen on the one rank-one pension (OROP) issue, asserting that his government would find a solution to it.
Prime Minister Narendra Modi on Wednesday voiced serious concern at the perceived "atmosphere of indifference" with regard to ex-servicemen's issues such as delay in pension and directed the authorities to pay more attention to their resolution at the earliest.
The bonds of long tenure of 40 years are being planned in view of the elongation of maturity of the portfolio which is preferred to limit rollover risk and is internationally followed in the advanced economies, the junior finance minister said.
The government proposes to launch PM Suraksha Bima Yojana to increase the access to insurance. It will be linked Pradhan Mantri Jan Dhan Yojana.
In the last Budget, the government had increased the slab by Rs 50,000 from the existing Rs 1 lakh bringing cheers to many but still it isn't sufficient.