EPS pensioners: Beginning January 1, 2025, retired individuals covered under the Employees’ Pension Scheme (EPS), 1995, will be able to conveniently access their pension funds from any bank branch located in India. In this regard, the Centre informed that EPFO has completed full scale rollout of the new Centralized Pension Payments System (CPPS) under Employees’ Pension … Read more
DA revision in 2025: The upcoming dearness allowance (DA) revision for central government employees is scheduled for January 2025. The government plans to wait for the final All-India Consumer Price Index (AICPIN) numbers in December before making the official announcement, which may delay the revision process, as per news report. The Dearness Allowance (DA) is … Read more
DA hike: The Dearness Allowance (DA) for central government employees currently stands at 53% of the basic salary following the July 2024 revision. According to the rule, when the DA exceeds the 50% mark of the basic pay, specific allowances are automatically adjusted. This regulation ensures that employees’ additional expenses are taken into account amidst … Read more
DA increase: The recent increase in dearness allowance (DA) for current central government employees and dearness relief (DR) for pensioners by 3% for the period of July-December 2024 has been implemented by the Central Government. The revised DA has been effective since July 1, 2024, bringing the allowance to 53% of the basic pay. This has … Read more
The Union Finance Ministry has issued a directive to banks that central government pensioners should receive their pensions by the last working day of each month, with specific provisions for March payments. The ministry clarified that the notification has been issued to ensure timely disbursement of pensions and family pensions. The Ministry issued an … Read more
CGHS revised rules: The guidelines for Central Government Health Scheme (CGHS) cardholders have been tweaked by the Centre in a bid to enhance healthcare facilities. The tweaked guidelines, issued in an Office Memorandum (OM) of the Union Ministry of Health on September 24, 2024, have been floated to streamline the referral process for consultations, treatments, … Read more
Medical facilities: In a bid to offer medical facilities to its employees and former employees, the Indian Railways has announced a card system called Unique Medical Identification (UMID). These cards are specifically meant for its employees, pensioners, and their dependents. UMID is a system that assigns a distinctive number to each medical beneficiary to create … Read more
DA hike: The Centre is anticipated to make an announcement regarding the second hike in Dearness Allowance (DA) and Dearness Relief (DR) for employees and pensioners from July 2024 in September. It is estimated that the government led by Prime Minister Narendra Modi might sanction a 3% increase in DA and DR during this phase. … Read more
The State government has reportedly found irregularities in the ‘Aasara’ pension scheme with 5,650 pensioners, including some retired government employees, receiving double pensions in violation of rules and causing a dent to the exchequer. Sources say that the financial mismanagement of the welfare pension scheme has severely impacted the State’s coffers. In Khammam district, officials … Read more
ITR filing 2024: As the deadline for income tax filing approaches, it is crucial for taxpayers categorised as senior and super senior citizens to understand the specific provisions tailored for them. For the financial year 2023-24, tax-saving investments made by March 31, 2024, will be considered for income tax returns. Many seniors mistakenly believe they need … Read more