PFRDA: NPS equity investment cap to remain at 50% The Pension Fund Regulatory and Development Authority (PFRDA) today said it favoured retaining the cap on investment in equities by the New Pension Scheme at 50 per cent, irrespective of the recommendations of the Bajpai committee. The NPS comprises three investment categories —- G (ultra safe), […]
Arunachal govt employees to get additional 6% DA
The Arunachal Pradesh government has decided to release an additional 6% Dearness Allowance (DA) for its employees and pensioners with effect from January this year. "Keeping in view the rising costs of daily living and the consequent hardships experienced by the employees, the government has decided to increase the DA to 51% from the […]
Payment of interest in respect of PPF (HUF) accounts
F.No.7/4/2008-NS II Ministry of Finance Department of Economic Affairs (Budget Division) New Delhi, the 1 ST June, 2011. To The CGM (DGBA), Reserve Bank of India, Department of Government & Bank Accounts, Central Office, Byeulla Office Building, 4th Floor, Opp. Mumbai Central Railway Station, Byeulla, Mumbai-400008. Sub: Payment of interest in respect of PPF (HUF) […]
Payment of Composite Transfer Grant
Government of India/Bharat Sarkar Ministry of Railways/Rail Mantralaya (Railway Board) RBE No.76/2011. No. F (E) I/2010/AL-28/46 New Delhi, dated 26.05.2011. The General Managers, All Indian Railways, etc. (As per Standard Mailing List) Sub:- Payment of Composite Transfer Grant. Representations have been received from various quarters for doing away with the condition of production of […]
Domicile must for kids of central govt staff
While the state government’s policy on making domicile certificates mandatory for admissions into all professional courses is affecting all students, children of central government employees are no exception to the rule. A government order states that even for children of central government employees, who are transferred regularly in different states, a domicile certificate is mandatory. […]