The Department of Posts has launched New Pension Scheme (NPS) with effect from May 2010. Any citizen of India in the age group of 18 to 55 years can join this scheme and contribute till the age of 60 years. This scheme is made available to the general public on behalf of Pension Fund Regulatory […]
Medicines Prescription by Doctors of Central Governemnt Hospitals
No. 5-11025/45/10-MH-I Government of India Ministry of Health & Family Welfare Directorate General of Health Services (Medical Hospital-I Section) Nirman Bhawan, New Delhi Dated the 26th May, 2010 ORDER It has been observed that Doctors in the Central Government hospitals and autonomous institutions under the Ministry of Health and Family Welfare prescribe specific brands of […]
CBDT Press Release on Tax exemption for gratuity
No.402/92/2006-MC (30 of 2010) Government of India / Ministry of Finance Department of Revenue Central Board of Direct Taxes *** New Delhi the 11thJune 2010 PRESS RELEASE The Central Board of Direct Taxes has approved notification of ten lakh rupees as the maximum amount of gratuity entitled to exemption under sub-clause (iii) of clause (10) […]
Interim stay on pension settlement
The Madras High Court has granted an interim stay of a clause in the ninth bipartite settlement for bank employees of April this year requiring contributory provident fund optees to become pension optees upon contributing 2.8 times of the revised pay payable for November 2007 onwards to the Pension Fund. Justice K Venkataraman passed the […]
Expected Dearness Allowance from July-2010 for Central Government Employees
The second installment for this year (2010) of Dearness Allowance (DA) is awaited with lots of expectations… The main expectation among lakhs of Central Government Employees will be announcement of the next additional installment of Dearness Allowance (DA) for this year…. The reasons are many… Employees getting only 3% annual increment for one year and […]