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GOVERNMENT OF INDIAMINISTRY OF FINANCERAJYA SABHAQUESTION NO 241ANSWERED ON 26.04.2016Requirement of growth in economy for sustaining the burden of wage increase241 Shri A. K. SelvarajWill the Minister of FINANCE be pleased to satate :-(a) whether it is a fact that India needs to grow by an additional 1-1.5 percentage points so that it can sustain the burden of wage increases and pass on more benefits to workers;(b) if so, the details thereof;(c) whether it is also a fact that there would be a burden of Rs. 1.02 lakh crore on account of implementation of the Seventh Pay Commission; and(d) if so, the details thereof?ANSWERMINISTER OF STATE IN THE MINISTRY OF
Read MoreWith a view to provide support to those facing cash crunch in the wake of the ongoing covid-19 pandemic in the country, the government has allowed people to avail a non-refundable advance from their employee provident fund (PF). The employees are allowed to withdraw up to 75% of the outstanding balance in their PF account or three months basic
Read MoreEmployees of Employees Provident Fund Organization (EPFO) contribute Rs 2.5 crore to PM CARES fund to support the GovernmentтАЩs initiative in combating national crisis of COVID-19 pandemicMinistry of Labour & EmploymentEmployees of EPFO contribute Rs 2.5 crore to PM CARES fundThe employees of Employees Provident Fund Organization (EPFO) have
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The National Pension System is set to provide a whole new range of choices to its subscribers including option to invest in instruments such as private equity and venture capital funds, real estate investment trusts as well as a higher exposure of up to 75 per cent to equities.The pension regulator тАФ Pension Fund Regulatory and Development
Read MoreThe Finance Ministry has got One Week More extension to issue the 7th CPC recommendations notification, a Finance Ministry official said on Wednesday on condition of anonymity.This week is the scheduled for issuing notification for the Finance Ministry, but, the time was extended by 7 days because the complexity in the 7th Pay Commission report
Read More1. What is the New Pension System (NPS)?The NPS is a new contributory pension scheme introduced by the Central Government for employees joined in Government Service on or after 1.1.2004. During the year 2009, the NPS was kept open for public.2. Who is covered by the NPS?a. Employees who have joined central government service on or after 01 January
Read MoreClarification regarding payment of Transport Allowance
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Railway EmployeeRegarding Procedure for Handling complaints referred by Lokpal to CVO
Unified Pension Scheme (UPS) Frequently Asked Questions (FAQs)
Unified Pension Scheme (UPS) Frequently Asked Questions (FAQs)
7th Pay DA : рдЬрд╛рдиреЗ рдХрд┐рддрдирд╛ рдмрдврд╝рд╛ рдорд╣рдВрдЧрд╛рдИ рднрддреНрддрд╛
Clarification regarding payment of Transport Allowance
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