The Gratuity Act of 1972 was created to provide retirement benefits to employees across India. Gratuity is a lump sum amount paid by the employer to the employee at the time of retirement or in some other special cases. However, sometimes companies delay or even deny gratuity payments. If you are facing such issues, here … Read more
Starting April 1, 2025, important changes have been introduced in the rules related to savings accounts in India. These updates aim to improve customer experience, security, and digital banking services. Here’s a simple breakdown of all the new rules and how they will affect your bank account. ATM Withdrawal Rules Updated From now on, savings … Read more
The central and state governments have announced a 2% hike in Dearness Allowance (DA) for their employees and pensioners. This increase, which came into effect from January 1, 2025, aims to help employees cope with rising inflation and improve their financial well-being. Good News for Central Government Employees and Pensioners The central government has approved … Read more
In a major announcement, the central government has approved 42 additional leave days every year for its employees. This new leave policy will come into effect from July 1, 2025, and aims to improve the work-life balance, mental health, and family time for lakhs of central government employees across India. What Are the New 42 … Read more
From April 1, 2025, road travel in India is set to change as the National Highways Authority of India (NHAI) has announced new toll tax rules. These new rules will affect every highway and expressway across the country. While some travelers are ready to accept the changes, others see it as a burden. Let’s understand … Read more
The Employees’ Provident Fund Organisation (EPFO) has shared a big update that has brought happiness to thousands of pensioners. Around 22,000 members will now get a higher pension after the EPFO started implementing the Supreme Court’s decision on the higher pension scheme. This update is very important for retired and current employees who are part … Read more
The central government has officially announced that there will be no increase in the retirement age or old-age pension grants for its employees until at least April 2025. This confirmation was given by Union Minister of State for Personnel, Jitendra Singh, in a written reply to the Lok Sabha on March 19, 2025. Retirement Age … Read more
The Central Government has proposed a major increase in the Employees’ Pension Scheme (EPS), aiming to raise the minimum monthly pension to ₹7,500. This move is expected to help millions of private sector employees who have long demanded better retirement benefits. What Is EPS and Why Was a Hike Needed? The Employees’ Pension Scheme was … Read more
The month of April 2025 has brought some relief to consumers as oil marketing companies announced a cut in commercial LPG cylinder prices. While commercial users benefit from this reduction, domestic LPG prices remain unchanged, offering continued relief to household consumers. Commercial LPG Cylinder Prices Reduced Starting April 1, 2025, the price of a 19 … Read more
The government has introduced a new leave policy for central government employees, offering 42 additional days of paid leave every year. This new initiative is aimed at improving work-life balance, reducing stress, and supporting the overall well-being of employees. What Is the New Leave Policy? The new policy is called the Extra Leave Policy. Under … Read more