The Finance Ministry has launched a single-use, unidirectional switch option for central government employees who opted for the Unified Pension Scheme (UPS) to return to the National Pension System (NPS).…
The central government has initiated consultations with key stakeholders including states, the Ministry of Defence, the Ministry of Home Affairs, and the Department of Personnel and Training for the constitution…
In a significant move aimed at strengthening the Unified Pension Scheme (UPS), the Finance Ministry has extended income tax benefits currently available under the National Pension System (NPS) to the…
The finance ministry has extended the deadline for central government employees to choose between the Unified Pension Scheme (UPS) and the National Pension System (NPS) by three months, from June…
The UPS operates as a contributory fund with both subscriber and government contributions. (AI image) Unified Pension Scheme (UPS) The PFRDA has issued a gazette notification, introducing comprehensive guidelines for…
8th Pay Commission news: More than 10 million central government workers and retirees are keenly anticipating the formation of the 8th Pay Commission. (AI image) 8th Pay Commission latest news:…
NEW DELHI: Centre has notified Unified Pension Scheme for central govt employees, offering assured payouts, along with inflation adjustments, to those who complete 25 years or more of service. Employees…
Dearness allowance, a component of the salary for government employees, has been increased to 53%. (AI image) DA hike calculator: PM Narendra Modi-led Union Cabinet has approved a 3% increase…
DA for central government employees is determined using the most recent Consumer Price Index for Industrial Workers. DA hike for central government employees: Diwali 2024 came early for central government…
7th Pay Commission news: The central government's decision to raise the dearness allowance for its employees by 4%, bringing it to a total of 50%, has led to significant changes…