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Last Updated:December 04, 2025, 4:03 PM IST The Minister of State for Finance Pankaj Chaudhary confirmed that pension revision is indeed a part of the 8th CPC’s mandate. The government has officially constituted the Eighth Central Pay Commission, issuing a resolution on November 3, 2025. The government has confirmed that the 8th Pay Commission (8th…
Last Updated:November 02, 2025, 11:22 IST 8th Pay Commission Pension: Centre announces Terms of Reference for 8th Pay Commission, report due in 18 months. Pensioners may see hikes with fitment factor. Since the Terms of Reference (ToR) for the 8th Central Pay Commission have been notified on October 28, 2025, the panel is expected to…
New Delhi: The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved to release an additional instalment of Dearness Allowance (DA) and Dearness Relief (DR) to Central Government employees and pensioners. The DA and DR hike are effective from 01 July 2025 representing an increase of 3% over the existing rate of…
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…
Last Updated:January 25, 2025, 6:36 PM IST This Unified Pension Scheme (UPS), which combines aspects of both the Old Pension Scheme (OPS) and the National Pension System (NPS), aims to provide employees with a guaranteed pension, offering financial stability and dignity after retirement. Unified Pension Scheme: Know Eligibility, Benefits, Payout Calculation, Other Aspects. In a…
In the last hike in March 2024, the central government had raised dearness allowance by 4 per cent to 50 per cent of the basic pay. Central government employees and pensioners are likely to get a Diwali bonanza soon as the Union Cabinet is expected to announce a hike in DA and DR during its…
New Delhi: The Centre is expected to increase the dearness allowance (DA) by 4 percent, as per various media reports. If it is approved it will mark the second increase in both dearness allowance and dearness relief (DR) this year. The announcement is likely to come in September which would raise the current DA from…