Akesh

Financial security after retirement is a crucial aspect of life planning. Many individuals worry about their pension funds and the sustainability of their income once they retire. However, if you have been employed for at least 10 years in any registered company, you are entitled to receive a pension under the Employee Pension Scheme (EPS). … Read more

The Supreme Court of India has recently made a landmark decision regarding the retirement age of government employees. This ruling extends the mandatory retirement age, allowing employees to continue working beyond the previously fixed age limit. The move is expected to benefit government employees by improving their financial security, retaining experienced personnel, and ensuring a … Read more

As the Union Budget 2025 approaches, central government employees and pensioners are keenly anticipating significant announcements, particularly concerning the long-pending 18-month Dearness Allowance (DA) arrears. The Finance Minister, Nirmala Sitharaman, is expected to address these concerns in her upcoming budget speech. Background on DA Arrears The DA arrears pertain to the period from January 2020 … Read more

Fixed Deposits (FDs) have long been a favored investment choice among Indian citizens due to their assured returns and safety. The Reserve Bank of India (RBI) periodically updates regulations concerning FDs, especially regarding Tax Deducted at Source (TDS) and premature withdrawals. Recent amendments have introduced significant changes that depositors should be aware of to maximize … Read more

The implementation of the 8th Pay Commission marks a significant milestone for over eight crore government employees and pensioners across India. The long-awaited decision has finally been approved, bringing new hope and expectations for a substantial salary hike. The commission, which follows the legacy of the previous pay commissions, aims to review and enhance salaries … Read more

The Department of Pension and Pensioners Welfare (DOPPW) issued a pivotal directive on January 13, 2025, to streamline the submission and processing of Digital Life Certificates (DLC) for pensioners. This guideline, directed to all pension-disbursing agencies (PDAs) including banks, seeks to address persistent challenges faced by pensioners and ensure transparency, efficiency, and timely communication. Let’s … Read more

The government has introduced a transformative approach to revising salaries, marking a departure from the traditional Pay Commission system. This innovative framework ensures yearly adjustments based on employee performance and inflation, fostering transparency and equity in salary structures. In this article, we explore the nuances of this new system, its benefits, and its potential implications. … Read more

The topic of merging the Dearness Allowance (DA) with the basic salary has sparked widespread discussions among government employees and pensioners. This issue has garnered renewed attention due to the recent increase in DA and its potential implications. Below, we examine the key aspects, historical context, and possible future developments related to this important topic. … Read more

A salary hike after one year of employment in a private organization is often considered a pivotal aspect of professional growth. Beyond its monetary benefits, it reflects an organization’s recognition of an employee’s contributions and fosters a sense of loyalty and motivation. This article delves into the concept of wage increases, their objectives, factors influencing … Read more