The Ministry of Railways has recently issued a letter, dated 17.10.2023, regarding the revision of the rate of Variable Dearness Allowance (VDA) for contract workers engaged in various employment activities. This revision will be effective from 01.10.2023 onwards, as per the ministry’s directive (RBE No. 115/2023). The Variable Dearness Allowance (VDA) is an additional component … Read more
The Consumer Price Index (CPI) is an important economic indicator that measures changes in the average prices of goods and services purchased by households over time. It is widely used by governments, businesses, and individuals to track inflation and make informed decisions. The CPI is calculated by collecting price data for a basket of goods … Read more
Inflation rate is a key economic indicator that measures the rate at which the general level of prices for goods and services is rising and, subsequently, purchasing power is falling. It is an important factor that affects individuals, businesses, and the overall economy. There are several factors that can contribute to the rise in inflation … Read more
In a recent Office Memorandum dated October 20, 2023, the Government of India’s Ministry of Finance, Department of Expenditure, has made a significant announcement regarding the revision of Dearness Allowance for Central Government employees. The revised rates, effective from July 1, 2023, will increase the Dearness Allowance from 42% to 46% of the Basic Pay. … Read more
The Indian Ministry of Railways has issued a notification (No. 2020/H/28/1/CTSE Scheme) on October 16, 2023, announcing the closure of the Cashless Treatment Scheme in Emergency (CTSE) in Indian Railways. The CTSE, which provided cashless treatment in private railway empanelled hospitals, was initially launched as a pilot project in metro cities and later expanded across … Read more