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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
All the Pension Disbursing Banks to send Short Message Service (SMS) and E-mails to all their pensioners on 24 October, 1 November, 15 November and 25 November every year reminding them to submit their Annual Life Certificates by 30th November Facility of Life Certificate by banks from the doorstep of the pensioners The Ministry of … Read more
As per the 10th Bipartite Settlement, 75.90 percent of Dearness Allowance (DA) granting to Bank employees for the period from February, March and April 2020. The Indian Banks Association (IBA) issued circular in this regard and the same is reproduced and given below for your information. Indian Banks’ Association HR & Industrial Relations No.CIR/HR&IR/76/D/2019-20/8619 February … Read more
Notice – Strike by Bank Staff on January 31 and February 1 2020 NOTICE STRIKE BY BANK STAFF on 31st Jan and 1st Feb 2020 Multiple rounds of discussions have been held between the IBA Negotiating Committee and the United Forum of Bank Unions for the wage revision of bank employees. In the meeting held … Read more