The 8th Pay Commission is a highly anticipated reform for central and state government employees in India. With expectations of a major salary revision, many are hoping that the minimum basic salary could increase from ₹18,000 to over ₹51,000. The final salary hike will depend on various factors like the fitment factor, Dearness Allowance (DA), … Read more
The Reserve Bank of India (RBI) has announced the issuance of new ₹100 and ₹200 banknotes, featuring the signature of the newly appointed RBI Governor, Sanjay Malhotra. This is a routine practice followed whenever a new governor takes office. The design and security features of these notes will remain the same as the existing ones … Read more
Starting from April 1, 2025, the Indian government has launched the Unified Pension Scheme (UPS) as an additional retirement option for Central government employees. This scheme will work alongside the National Pension System (NPS) and aims to provide better retirement benefits and financial security for around 23 lakh employees. Key Features of the Unified Pension … Read more
The Indian government has announced a 2% increase in Dearness Allowance (DA) for central government employees, providing much-needed financial relief. Following this, state government employees are also expected to receive a similar DA hike soon. This move aims to help employees cope with rising inflation and increased living costs. Dearness Allowance (DA) Hike: What’s New? … Read more
Starting April 1, 2025, the Maharashtra government has made FASTag mandatory for all vehicles at toll plazas across the state. This means that vehicles without FASTag will have to pay double the toll fee. The decision aims to reduce congestion and ensure faster movement at toll plazas. Why Has FASTag Been Made Mandatory in Maharashtra? … Read more
The Unified Pension Scheme (UPS) is a new pension system introduced by the Government of India for government employees. It will be implemented from April 1, 2025, and employees will have the option to choose between UPS and the National Pension System (NPS). This scheme is specifically designed for government employees who are currently covered … Read more