8th Pay Commission: Govt Clarifies Pension Revision
– Advertisement – The Central Government recently cleared the air on pension hikes under the 8th Pay Commission. Specifically, many retirees who leave service before December 31, 2025, were worried about their status. Therefore, the Minister of State for Finance gave a clear reply in the Rajya Sabha this week. Add rightsofemployees.com as a Preferred […]
PF Above ₹15K is Voluntary, Clarifies Labour Ministry
– Advertisement – The Union Labour and Employment Ministry has just dropped a crucial piece of clarification that should calm a lot of anxiety among salaried employees. Add rightsofemployees.com as a Preferred Source The big news? Contributions to your Provident Fund (PF) on wages exceeding the statutory ceiling of ₹15,000 are entirely voluntary. There is […]
Labour Codes Will NOT Cut Take-Home Pay: Ministry Clarifies
– Advertisement – The Union Labour Ministry has moved to quell widespread concerns among salaried workers, confirming that the new Labour Codes will not automatically reduce take-home pay. The panic stemmed from the new rule requiring basic pay to constitute at least 50% of total wages, which many assumed would lead to a mandatory increase […]
DA Hike Arrears: Government Clarifies in Parliament on 18-Month Pending Payment
– Advertisement – DA Hike: The central government had stopped three installments of dearness allowance (DA) and dearness relief (DR) of central employees during the corona virus epidemic. Now the question is whether the central employees and pensioners will get the arrears of these 18 months? On this issue, MP Anand Bhadauria raised questions in […]
HDFC Bank clarifies, No Change in Minimum Balance, Regular Account Remains at ₹ 10,000
– Advertisement – HDFC Bank has clarified that there has been no change in the average minimum balance on savings accounts. The bank said that the limit for regular accounts is Rs 10,000 and for savings max accounts it is Rs 25,000. HDFC Bank, the country’s largest bank by market capitalisation, has clarified that it […]
HC Clarifies: Aadhaar, PAN & Voter ID Alone Don’t Prove Indian Citizenship
– Advertisement – The bench said that Aadhar card, PAN card and voter ID are only for identification of citizens or to provide them services. Along with this, the court refused to grant bail to Babu Abdul Rauf Sardar. Babu Abdul is accused of entering India without any valid passport or visa. If a person […]
RBI Clarifies ₹50,000 Minimum Balance Rule in ICICI Bank: Impact on Old & Salary Accounts
– Advertisement – ICICI Bank Rule Change: ICICI Bank, the second largest private sector bank in the country, has recently changed the rule related to minimum balance in savings account and it has become effective from August 1. If you are planning to open your account in ICICI Bank, then it is important to know […]
RBI Governor Clarifies: UPI Isn’t Free Now—and It Won’t Be Forever
– Advertisement – RBI Governor Sanjay Malhotra made it clear on August 6 that the system behind UPI cannot remain free forever. While presenting the monetary policy in August, he said that the real issue is to decide who is paying the cost of UPI payments. UPI is being used for every purchase, big or […]
500 Rupees Note: Big News…! Will ₹500 Notes Be Discontinued? Finance Ministry Clarifies in Parliament
– Advertisement – Minister of State for Finance Pankaj Chaudhary presented the government’s view on ₹ 500 notes in a written reply in the Rajya Sabha. The government also clarified that there is currently no legal control on crypto assets. The central government on Tuesday once again clarified that there is no proposal under consideration […]
