The Office Memorandum provides important instructions regarding new developments in the Pension Module for Pay and Accounts Offices (PAOs) in the Public Financial Management System (PFMS) Portal
FINMIN ORDERS
Increase in DA for Central Autonomous Bodies as per 5th CPC
The memorandum announces revised rates of Dearness Allowance (DA) for employees of the Central Government and Central Autonomous Bodies who are still receiving their pay based on the pre-revised pay scale/Grade Pay
Punjab National Bank’s CPPC Network Expanded with 9 Additional Centers
The Government of India’s Ministry of Finance, Department of Expenditure, has authorized Punjab National Bank (PNB) to establish nine additional Central Pension Processing Centres (CPPCs) for the disbursement of pensions.
Important Updates on Taxation and Reporting for Charitable and Religious Trusts
Regarding provisions relating to charitable and religious trusts. It provides details on the IT exemption for funds, institutions, universities, educational institutions, hospitals, and medical institutions, as well as trusts.
Resolving Delays in the Payment of Retirement Benefits
The Office Memorandum issued by the Ministry of Finance, Department of Expenditure, addresses the issue of delayed payment of retirement benefits to retiring employees