One of the important rules on retirement age (Superannuation) is who are born on the 1st day of the month will be retired last day of the previous month! For individuals who were born on the 1st of any month, the date of normal retirement upon reaching the superannuation age of 60 years is the … Read more
Bank DA for Feb-Apr 2024 – No Rate & Slab Change for Employees The Bank Dearness Allowance for February, March, and April 2024 will not undergo any changes in terms of rate and slab for both workman and officer employees. Consequently, there will be no adjustments or increases in the allowance during this period for … Read more
Notional Annual Increment for Pensionary Benefits: IRTSA Memo 13.01.2024 In a memorandum dated 13th January 2024, the Indian Railways Technical Supervisors Association (IRTSA) addressed the Department of Personnel and Training (DoP&T) concerning the grant of notional annual increment for pensionary benefits. This increment, which would typically be due on 1st July or 1st January, is … Read more
Tax-Free Pension: BPS Calls for Change, PM & FM Addressed In a heartfelt and urgent plea for change, the Bharatiya Pensioners Samaj (BPS) has penned letters to the Prime Minister, the Finance Minister, and the Minister of State in the Prime Minister’s Office to advocate for the exemption of pensions from income tax. The BPS … Read more
Aadhaar No Longer Accepted as Date of Birth Proof The removal of Aadhaar, a unique identification number issued by the government of India, from the list of acceptable documents as a date of birth proof has caused significant debate and controversy. Many individuals rely on Aadhaar as a reliable and convenient form of identification, but … Read more
Admissibility of Tejas Train Travel for LTC-A Clarification by DoPT The Department of Personnel and Training (DoP&T) has recently provided clarification regarding the admissibility of travel by Tejas trains while availing of Leave Travel Concession (LTC). This clarification was issued through an official memorandum dated January 12, 2024. The memorandum aims to address any confusion … Read more
GPF & Other Funds Interest Rate for Q4 FY 2023-2024: FinMin Resolution The Ministry of Finance has released a resolution dated 02.01.2024, announcing the rate of interest on the General Provident Fund (GPF) and other similar funds for the fourth quarter of the fiscal year 2023-2024. This rate will apply from 1st January 2024 to … Read more
AICPIN for December 2023 – Press Release PDF The AICPIN Points for December 2023, which is a measure of inflation in India, have been recorded at 138.8. This value is derived from the Consumer Price Index for Industrial Workers (CPI-IW), a comprehensive index that tracks the prices of a basket of goods and services consumed … Read more
Tamil Nadu State Government Holidays 2024 Gazette PDF The State Government of Tamil Nadu has recently announced a Public Holiday List for Government offices, schools, and banks, as well as a Restricted Holiday List for its employees and teachers. Tamil Nadu Holiday List 2024 Table PDF S.No Holiday Date Day 1 New Year’s Day 01 … Read more
Granting of Annual Increment on Retirement: Notional Extension of Supreme Court verdict in favor of similarly placed Non-petitioner employees. The Bharatiya Pratiraksha Mazdoor Sangh (BPMS) has issued a reminder regarding the granting of annual increments on retirement and the notional extension of a Supreme Court verdict in favor of similarly placed non-petitioner employees. This serves … Read more