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A coordination Committee on Affirmative Action for Scheduled Castes/Scheduled Tribes in Private Sector was set up by the Prime Minister’s office in 2006. Reservation in Private Sector As per the information provided by the Department for Promotion of Industrial and Internal Trade (DPIIT), a coordination Committee on Affirmative Action for Scheduled Castes /Scheduled Tribes in … Read more
15.49 percent of the total central government expenditure for the year 2020-21 The Union Budget for the financial year 2020-21, presented by Finance Minister Smt Nirmala Sitharaman in Parliament on February 01, 2020, envisaged a total outlay of Rs 30,42,230 crore. Out of this, Rs 3,37,553 crore has been allocated for Defence (excluding Defence Pension). … Read more
At present, there are 31 Sainik Schools functioning in the country. State wise details of Sainik Schools in the country is as under :- S. No. Name of School State 1. Sainik School Korukonda Andhra Pradesh 2. Sainik School Kalikiri 3. Sainik School East Siang Arunachal Pradesh 4. Sainik School Goalpara Assam 5. Sainik School … Read more
DGR Ex-Servicemen Seminar cum Job fairs are organized pan India. Approximately 8 job fairs are organized in a year Welfare of Retired Personnel The Department of Ex-Servicemen Welfare was created in the Ministry of Defence on 22nd September, 2004 in order to pay focused attention to the welfare and resettlement of Ex-Servicemen (ESM). It has … Read more
Central Government Employees Group Insurance Scheme (CGEGIS) Table for the period from January 2020 to March 2020 Rate of Interest is 7.9% for the quarter between Jan to Mar 2020 Two types of ready reckoner maturity value tables are attached with an order published by the Department of Expenditure on 5th February 2020 for Central … Read more
CBDT issues clarification on the applicability of TDS provisions on Mutual Fund dividend The Finance Bill, 2020 proposed to remove Dividend Distribution Tax (DDT) at the level of Company/ Mutual Fund and proposed to tax the same in the hands of share/unit holder. Also check: TDS on Income from Pension and Family Pension It was … Read more
The DA calculation method with effect from February to July 2020 for Bank Pensioners who retired on or after 1986, 1992, 1998 and 2002. Also check: DA for Bank Employees from February 2020 Indian Banks’ Association HR & Industrial Relations No.CIR/HR&IR/D/G2/2019-20/8618 February 1, 2020 Designated Officers of all Members Banks which are parties to the … Read more
Reckoning of Charge Allowance for the purpose of notional fixation of pay and accordingly revision of pension from January 2016 Charge Allowance may have been paid w.e.f. 01.01.2016 to 30.06.2017 at old rates which was admissible before 2016, the same may be reckoned for calculation of retirement benefits of employees who retired between the periods … Read more
Department of Military Affairs (Armed Forces of the Union, namely, Army, Navy and Air Force) – A new office for Armed Forces Personnel Creation of New Department of Military Affairs Department of Military Affairs (DMA) with Chief of Defence Staff (CDS) as Secretary was created to facilitate optimal utilization of resources and promote jointness among … Read more
Employees Provident Fund Organization (EPFO) does not invest in shares and equities of individual companies Where is EPFO fund invested? 85 per cent of the EPFO Funds in Debt instruments and 15 percent of the investment is made in Exchange Traded Funds (ETFs). As per Central Govt Notification, the investment in ETFs is made based … Read more