FinMin seeks status report on pay revision talks from public sector banks New Delhi: Keen to close pay negotiations in public sector banks by November 1, 2017, the Finance Ministry has asked the lenders to present status report on salary hike talks with their employee unions. The chief executives of PSBs have been asked to intimate the ministry about “the present … [Read more...] about FinMin seeks status report on pay revision talks from public sector banks
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Bonanza for babus! 23.55% Salary hike likely for central government employees
Bonanza for babus! 23.55% Salary hike likely for central government employees NEW DELHI: The much-anticipated Seventh Pay Commission bonanza for the government employees is likely soon with the Union Cabinet set to consider the panel's recommendations on Wednesday. The committee of secretaries tasked with reviewing the recommendations has given its report that would … [Read more...] about Bonanza for babus! 23.55% Salary hike likely for central government employees
Finance Ministry to review domestic black money window
Finmin to review domestic black money window New Delhi: With the first month nearing completion, the Finance Ministry will hold a high-level meeting to review the ambitious one-time compliance window that has been announced by the government to declare domestic black money. The review meeting, scheduled later this week, will be chaired by Revenue Secretary Hasmukh Adhia … [Read more...] about Finance Ministry to review domestic black money window
7CPC: Good news for government employees! Secretary Panel submits report; recommendations implementation soon
7CPC: Good news for government employees! Secretary Panel submits report; recommendations implementation soon New Delhi, June 17: There is a good news for central government employees who have been ardently waiting for the implementation of 7th Pay Commission. According to a Dainik Jagran report, "The Cabinet Secretary met the PMO officials on Wednesday and apprised them … [Read more...] about 7CPC: Good news for government employees! Secretary Panel submits report; recommendations implementation soon
7th Pay Commission: Government staff to get arrears in one installment; likely in October
7th Pay Commission: Government staff to get arrears in one installment; likely in October New Delhi, This news will give central government employees another reason to celebrate. Reportedly, Government staff will get their six months arrears in one installment in the month of October. It is being said that Government will implement Seventh Pay Commission most likely from … [Read more...] about 7th Pay Commission: Government staff to get arrears in one installment; likely in October
EPFO is likely to increase the interest rate on PF deposits for 2015-16, from 8.75% fixed for the last two financial years
EPFO may raise interest rate on PF from 8.75% for FY16 Retirement fund body EPFO is likely to increase the interest rate on PF deposits for 2015-16, from 8.75 per cent fixed for the last two financial years, during its trustees' meet tomorrow. Retirement fund body EPFO is likely to increase the interest rate on PF deposits for 2015-16, from 8.75 per cent fixed for the … [Read more...] about EPFO is likely to increase the interest rate on PF deposits for 2015-16, from 8.75% fixed for the last two financial years
Central Government Employees fear delay in getting pay hike
Central Government Employees fear delay in getting pay hike Central government employees are being promised bigger pay and allowances in fiscal 2016-17 as Finance Minister Arun Jaitley said in the Parliament on February 27, “the Seventh Pay Commission impact may have to be absorbed in 2016-17.” The Finance Ministry and the seventh central pay commission said nothing till … [Read more...] about Central Government Employees fear delay in getting pay hike
Finance Ministry reduces penalty for customs duty fraud by 10%
Fin Min reduces penalty for customs duty fraud by 10% New Delhi: The penalty in cases of customs duty fraud has been reduced by 10 per cent by the Finance Ministry. Section 28 of the Customs Act, 1962, has been amended and now the amount of penalty payable in cases involving fraud, collusion, wilful mis-statement or suppression of facts with the intent to evade payment of … [Read more...] about Finance Ministry reduces penalty for customs duty fraud by 10%
Transfer Policy of Group A officers in Defence
Transfer Policy of Group A officers in Defence Accounts up JAG / NFSG level – Re-constitution of Defence Accounts Placement Board (DAPB) Controller General of Defence Accounts issued Notification regarding Constitution of Defence Accounts Placement Board (DAPB) for implementation of Supreme Court’s Judgement dated 31.10.2013 in WP (Civil) No. 82/2011. Office of the … [Read more...] about Transfer Policy of Group A officers in Defence
FinMin sets up two panels for roll out of GST from April 2016
FinMin sets up two panels for roll out of GST from April 2016 New Delhi: Gearing up to roll out GST from April 1, 2016, the Finance Ministry today set up two committees to suggest tax rates and look into IT preparedness for the new indirect tax regime. Committee formed under the Finance Ministry’s Chief Economic Advisor would “recommend possible tax rates under GST that … [Read more...] about FinMin sets up two panels for roll out of GST from April 2016
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