Community & General News
Govt announces revised rates of interest on Small Savings leaves PPF untouched
01 April 2017 at 13:04The Union Government has announced revised rates of interest on Small Savings Schemes for the First Quarter of 2017-18 to bring them somewhat closer to market rates Small Savings schemes will continue to be attractive as some of them enjoy income tax
Payment of Wages by cheque or crediting to bank accounts
21 March 2017 at 10:59The present wage limit for applicability of the provisions of the Payment of Wages Act, 1936 is Rs. 18,000/- per month. The Act has been amended by Payment of Wages (Amendment) Act, 2017 (effective from 28.12.2016) to enable the employers to pay wage
Govt to conduct trials with plastic banknotes
20 March 2017 at 10:07Government to conduct field trial with plastic banknotes at five locations of the country; Approval for procurement of plastic substrate and printing of bank notes of Rs.10 denomination on plastic banknote substrates conveyed to RBI It has been deci
EPF members can withdraw upto 90 percent fund for purchase of house
17 March 2017 at 11:05Government to Amend EPF Scheme, 1952 to Enable EPF Members to Withdraw upto 90 Percent Fund for Purchase of House The Government has taken a decision for modification in the Employees’ Provident Funds (EPF) Scheme, 1952 to add a new paragraph 6
Cabinet approves increase in Dearness allowance by 2%
16 March 2017 at 12:24Cabinet approves additional 2% Dearness Allowance / Dearness Relief due from January, 2017 The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved release of an additional instalment of Dearness Allowance (DA) to Central Gove
Macroeconomic Impact of Demonetisation
14 March 2017 at 10:32Macroeconomic Impact of Demonetisation- A Preliminary Assessment
No one to be deprived of benefits for lack of Aadhaar says Govt
08 March 2017 at 11:19Government says that benefits to continue with alternate means of identificationGovernment has said that no one will be deprived of the benefits for lack of Aadhaar. In a statement issued today, the Government has reiterated that till Aadhaar number
Transfer from Recognized Provident and Superannuation Fund to National Pension Scheme
08 March 2017 at 11:19Clarification by Pension Fund Regulatory and Development Authority (PFRDA) on transfer of amount from Recognized Provident Fund & Superannuation Fund to National Pension Scheme (NPS) In the budget of 2016-17, the Government had announced that th
FM releases the Revised General Financial Rules 2017
08 March 2017 at 11:19The Finance Minister Shri Arun Jaitley calls upon the Financial Advisers of different Ministries to ensure that expenditure on schemes and projects start from the beginning of the financial year to leverage the early passing of the Finance Bill this
Furnishing of Aadhaar mandatory for final settlement of Pension claims
03 March 2017 at 11:46The EPFO has clarified that obtaining of Aadhaar should be mandatory for the time being only for final settlement of Pension and not in withdrawl cases. The EPFO had extended the date of submission of Aadhaar Number authentication by the members of E
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