Finance Ministry issued orders on granting of Transport Allowance to Deaf and Dumb Employees working in Central Government departments at double the normal Rates … No.21(2)12011-E.II(B) Government of India Ministry of Finance Department of Expenditure North Block, New Delhi, Dated: 19th February, 2014 OFFICE MEMORANDUM Subject- Grant of Transport Allowance to Central Government Employees – … Read more
✓Acceptance of One rank One Pension is a victory for Defence Personnel In his recent address to a delegation of ex-military, Rahul Gandhi talked of a certain ‘One Rank, One Pension’ (OROP) scheme. The eventual announcement of its acceptance in interim budget was received with much enthusiasm by the service men who had been demanding … Read more
All set to hike central retirement age to 62 years It may sound like ridiculous as number of times articles regarding this topic has published in different websites and newspapers. But as per our sources and media reports, centre finally decided to hike retirement age to 62 years. The process has received PM’s nod and … Read more
More funds if needed for one rank, one pension: Chidambaram Union Finance Minister P. Chidambaram said on Monday that the fund allocation for one rank, one pension in the interim budget presented by him was in keeping with the estimate given by the Defence Ministry. This was not final and the government would provide more … Read more
Challenges before the Seventh Pay Commission SUMMARY Growth has fallen in the last couple of years eroding revenue while inflation remains stubbornly high. The new pay commission will have to factor in both concerns Why does the government appoint a pay commission every decade? A pay panel is appointed every decade to review and recommend … Read more
Closure of KV School in Jharkhand Kendriya Vidyalaya Surda located in East Singhbhum, Jharkhand will be closed due to administrative reasons from 1.4.2014. An office order has been issued by the Kendriya Vidyalaya today, the district administration of East Singhbhum, Jharkhand is not providing suitable extent of land free of cost for construction of school … Read more
Highlights of Interim Budget 2014-15 ONE RANK ONE PENSION ACCEPTED FOR DEFENCE SERVICES. FISCAL DEFICIT FOR 2013-14 WILL BE 4.6 PERCENT OF GDP. CURRENT ACCOUNT DEFICIT (CAD) WILL BE PEGGED TO$45 BILLION. FOOD INFLATION STILL THE MAIN WORRY. DECLINES SHARPLY FROM 13.6 PERCENT TO 6.2 PERCENT. IN THE CURRENT YEAR, AGRICULTURE GROWTH UP AT 4.6 … Read more
Direct Taxes Code for public discussion The Direct Taxes code (DTC) is ready and it will be placed on the website for a public discussion Direct Taxes Code (DTC) to be put on the website of the ministry for public discussion While presenting the Inerim Budget 204-15 in Parliament, Finance Minister P.Chidambaram said the Direct … Read more
No income Tax on Salaried Class – BJP ‘BJP vision panel may propose no income tax on salaried class’ Senior BJP leader Subramanian Swamy today said his party’s vision committee might propose either “no income tax” on the service class or give full tax exemption on their net savings. “The party’s vision committee headed by … Read more
Latest news on Retirement Age to 62 – Proposal for raising Retirement Age to 62 waits for Cabinet Nod Proposal for raising Retirement Age to 62 waits for Cabinet Nod We have heard it so many times . Every one of us got tired of hearing this rumour again and again. But this time this … Read more