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The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved an additional 3% hike in Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) for pensioners. This increase comes as a timely Diwali gift, aimed at helping employees and pensioners cope with rising prices. The revision, effective from July 1, 2025, takes…
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday (October 1), has approved a three per cent hike in Dearness Allowance (DA) and Dearness Relief (DR) for central government employees and pensioners. This will take effect retrospectively from July 1, 2025. With the latest increase in DAthe rate jumped to 58 per cent from 55…
The interest rates of various small savings schemes for the third quarter of FY 2025-26 will remain unchanged, the Ministry of Finance informed today, September 30. This is the seventh consecutive quarter in which rates have not changed. According to the notification of the Finance Ministry, “The rates of interest on various small savings schemes…
October rule changes: From October 1, 2025, several significant changes will be implemented across different sectors, such as banking, railway, postal, and pension services, which could have major implications for the general public. These changes aim to enhance the quality, security, and transparency of services. Here’s what will change from October 1: Change in RBI…
Central government employees and pensioners may have to wait until 2028 for the benefits of the 8th Pay Commission, despite the Union Cabinet’s approval of the proposal earlier this year. Past experience with pay panels suggests that the implementation process usually stretches over two to three years from the time of constitution. Announcement made in…
Gratuity is a lump sum amount given by an employer to their employee as a token of appreciation. Under the Payment of Gratuity Act 1972, an employee is eligible to get the gratuity once they complete their five years of continuous service with a single employer. It is not a part of the regular salary….
India emerged as one of the fastest-growing wealth markets in the world, as Indian household financial assets rose by 14.5 per cent in 2024 on a YoY basis, according to a recent report. The Allianz Global Wealth Report 2025 revealed that the wealth of Indian households showed the strongest growth in eight years, highlighting the…
At least 20.36 lakh new employees were added to the Employees’ State Insurance (ESI) scheme in July 2025, according to provisional payroll data released by the Ministry of Labour and Employment on Friday. The official figures, published by the Press Information Bureau (PIB), mark a 4.86 per cent rise over June and underline the increasing…
The Modi government has already fulfilled its promise to give a Diwali gift to Indian citizens. The centre has implemented new GST reforms from September 22 which made around 370 items cheaper and gave a big relief to middle-class people. Now, the government is preparing to give its employees big gifts before Diwali. The central…
The Union Cabinet approved the constitution of the 8th Pay Commission to revise the salaries of central government employees and pensioners earlier this year, and it is expected to be implemented by January 2026. What is the 8th Pay Commission? The government-announced 8th Pay Commission will evaluate the present pay structure for central government employees….