Employees Pension Scheme The Ministry of Labour and Employment in India has issued a response to a question raised in Lok Sabha regarding the Employees Pension Scheme. The response clarifies that the rule 17-A of Employees’ Pension Scheme (EPS), … [Read more...] about Employees Pension Scheme, 1995 – Simplification of Rule 17 (payment of pension)
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Lok Sabha Q&A
Cadre of Indian Medical Service in Parity with other civil services like IAS, IFS, IPS
Cadre of Indian Medical Service The Indian government was asked about the need to create a cadre for Indian Medical Service (IMS) similar to other civil services like IAS, IFS, IPS. The importance of health professionals during the pandemic was … [Read more...] about Cadre of Indian Medical Service in Parity with other civil services like IAS, IFS, IPS
The Effect of the Maximum Pensionable Salary on the Employees Pension Scheme (EPS)
Pension under employees pension scheme The calculation of pensions for members of the Employees' Pension Scheme (EPS), 1995 is based on their pensionable service and salary, as specified in the EPS, 1995. For members who joined after September 1, … [Read more...] about The Effect of the Maximum Pensionable Salary on the Employees Pension Scheme (EPS)
EPFO Grants Improved Pension Opportunity to Pensioners
Opportunity to pensioners in EPFO The Employees' Provident Fund Organization (EPFO) in India has recently announced the opportunity for a portion of pensioners to apply for an increase in their pensions. This move is in accordance with a ruling … [Read more...] about EPFO Grants Improved Pension Opportunity to Pensioners
Union Cabinet Rejects Significant Increase in CGEGIS Monthly Contribution
Monthly Group Insurance Scheme The 7th Pay Commission suggested a Monthly Group Insurance Scheme with coverage of Rs. 50 lakh, 25 lakh, and 15 lakh for group A, B, and C employees respectively. However, the Union Cabinet rejected the significant … [Read more...] about Union Cabinet Rejects Significant Increase in CGEGIS Monthly Contribution
Lack of Bonus for Central University Non-Gazetted Officers Since 2015-16
Bonus to Non-Gazetted officers of Autonomous Institutions/ Organizations The Indian government has decided to discontinue ad-hoc bonuses for employees of autonomous bodies funded by the central government, starting from the 2015-16 fiscal year. … [Read more...] about Lack of Bonus for Central University Non-Gazetted Officers Since 2015-16
Income Tax Return Filling Data for 2022-2023
Filing of Income Tax Tax calculation and collection is based on total income from various sources and is not divided into separate categories. 2,09,06,829 individuals aged 18 to 35 years filed their income tax in the current financial year, with a … [Read more...] about Income Tax Return Filling Data for 2022-2023
Unresolved Disability and Service Pension Requests for Defence Personnel
Disability Pension to Defence Personnel The Minister of State for Defense, Shri Ajay Bhatt, responded to a question in the Lok Sabha about disability pensions for military personnel. He stated that according to government policies and regulations, … [Read more...] about Unresolved Disability and Service Pension Requests for Defence Personnel
Latest OROP News from the Indian Ministry of Defence
One Rank One Pension The Indian government has put into effect the One Rank One Pension (OROP) plan for retired Armed Forces personnel and their families. The total cost over the 8-year span from 2014 to 2022 is estimated to be around Rs. 57,000 … [Read more...] about Latest OROP News from the Indian Ministry of Defence
Functioning of Sainik Welfare Boards in India
Sainik Welfare Board In India, the Ministry of Defence, Department of Ex-Servicemen Welfare, operates 34 Rajya Sainik Boards and 409 Zila Sainik Kalyan Boards throughout the nation. These boards address various concerns of ex-servicemen and make … [Read more...] about Functioning of Sainik Welfare Boards in India