DA hike: The Centre has revised the children’s education allowance and hostel subsidy for government employees. These allowances are linked to the hike in dearness allowance (DA) of employees and pensioners. Earlier this year, the Centre announced a 4% hike in dearness allowance and dearness relief for employees and pensioners. With this hike, the DA … Read more
IndusInd Bank on Tuesday launched its UPI-enabled IndusInd Bank Samman RuPay Credit Card, in association with with National Payments Corporation of India (NPCI) especially for government sector employees. The cards have been launched for government sector employees to provide them with a range of exclusive benefits and enhance their overall banking experience. The Samman RuPay … Read more
Expenditure on food consumption by industrial workers has fallen significantly in 15 years from 45% to 36% with corresponding increase on non-food items, largely health, education and transportation, shows the labour bureau’s revised consumer price index for industrial workers (CPI-IW) with base year changed to 2016 as against 2001 now. The index, with revised base … Read more