It will be inaugurated by Prime Minister Narendra Modi on Saturday. Instructions have been given for live telecast of this program in schools. Director General School Education Vijay Kiran Anand has issued instructions that the schools will open as before and the inauguration program will be telecast live in the schools.

Secretariat Administration Department will also be open

Sections have been ordered to be opened. According to the department’s Special Secretary Phoolchandra, this has been done to review departmental works at a higher level.

Fury in teachers organizations due to order to cancel Muharram holiday in schools
On the other hand, orders have been issued to open government schools. There is a lot of fury in the teacher’s organizations due to this order, they say that on the day of Moharram, when the movement of common people is not possible, in that situation, how will the teachers and students reach the schools.

Saying this, the District Basic Education Officer had issued an order to sing the holiday of Muharram like this. Teachers organizations say that the time is clear and neither the voice to do this date, yet the school holiday has been canceled. This is not correct at all. Due to Muharram, neither the schools of old Lucknow can be opened nor the teachers living there will be able to reach their schools.

In such a situation, the decision to cancel the leave is not correct. The school holiday has been canceled despite it being clear and not sounding. This is not correct at all. Due to Muharram, neither the schools of old Lucknow can be opened nor the teachers living there will be able to reach their schools.

In such a situation, the decision to cancel the leave is not correct. The school holiday has been canceled despite it being clear and not sounding. This is not correct at all. Due to Muharram, neither the schools of old Lucknow can be opened nor the teachers living there will be able to reach their schools. In such a situation, the decision to cancel the leave is not correct.

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Great news related to EPF account is coming for the employed. Soon the Finance Ministry can announce it. For the financial year 2022-23, the interest of Provident Fund can be finalized. A decision on this can be taken by the end of June.

According to sources related to EPFO, a draft has been prepared by the Labor Ministry and sent to the Finance Ministry. Now approval is yet to be received from the Finance Ministry. As soon as approval is received, it will be notified. This process is expected to be completed by July. Let us tell you, the Labor Ministry has fixed 8.15 percent on EPF for the financial year 2022-23.

When will I get the interest money?

Like every year, the Central Board of Trustees (CBT) of EPFO ​​decides the interest for the previous financial year. Usually this meeting takes place in March. In this, considering the earnings of the whole year, it is decided that how much interest should be given. For the last year, it was decided in the meeting held in March 2023.

The board increased the interest rates. After this, it is the job of the Labor Ministry to prepare its draft. The Labor Ministry sends it to the Finance Ministry for approval. It is notified only after the approval of the Finance Ministry. It is expected that soon approval can be received from the Ministry of Finance on the interest for the financial year 2022-23. If everything goes well then by November-December this year it will be credited after completing all the formalities.

How much increased interest on EPF?

If sources in the Labor Ministry are to be believed, the draft has been prepared and sent in May itself. Usually by the end of June, approval is received from the Ministry of Finance. The EPF interest rate has been fixed for the financial year 2022-23. It was increased by 5 basis points as compared to the previous financial year. However, before that it was 8.50 percent. Let us tell you, 12 percent of the basic salary of the employed person is deposited in the EPF account. The same share is also from the side of the employer.

How is it decided how much interest will be received?

The interest rates for the financial year 2022-23 were fixed in the CBT meeting held on 25 and 26 March. Interest rates are decided every year during the board meeting in March. Last year has been very good for EPFO ​​in terms of earnings. Earnings have increased. This was the reason that the interest rates were increased, albeit marginally. Employees Provident Fund Organization invests your money in many places. He gets a return on this. Interest is received on the investment only through this earning.

Where is the money deposited in EPFO ​​put?

Employees’ Provident Fund Organization (EPFO) invests your money deposited in Provident Fund accounts (EPF account) in many places. A part of the earnings from this investment is given to you in the form of interest. EPFO invests 85% of the total deposits in debt options. These include government securities and bonds. There is a total investment of more than Rs 36,000 crore in this. The remaining 15% is invested in ETFs (Nifty & Sensex). PF interest is decided on the basis of earnings from debt and equity.

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Many schools open in the month of June. But this time also the schools will open in June or in July. If the schools open in June, then how much leave are you going to get. We will give you all the information related to the holidays in this news today. First of all, we will know in which state how many days of summer vacations have been given. After that we will know for how many days the schools will remain closed in June. So let’s get started.

Uttar Pradesh : Summer vacations have been announced in Uttar Pradesh. Holidays have been announced from May 20 to June 15 in Basic Education Council schools in UP.

West Bengal: The West Bengal government had already declared a holiday this time in view of the scorching heat. In West Bengal, summer vacations were earlier planned from May 24, but due to rising temperature, summer vacation was announced from May 2 itself.

Madhya Pradesh : Madhya Pradesh government has announced summer vacations. According to the order issued by the Education Department, holidays have been done in schools from May 1 to June 15. Summer vacations have been done in Madhya Pradesh for full 45 days.

Delhi : Summer vacations are being eagerly awaited by school students in Delhi as well. So let the students know that this wait is going to end soon, the holidays are going to be announced soon.

Himachal Pradesh : A total of 38 days have been fixed for summer vacations in Himachal Pradesh. Here the summer vacations in schools will start from June 22 and continue till July 29.

Odisha : School holidays in Odisha have started from May 5, which will last till June 18, 2023. A 43-day holiday has been announced there.

Jharkhand : The summer vacations in Jharkhand have started from May 21, which will continue till June 10 .

Let us inform that apart from the summer holidays in the schools, more holidays are going to be given to the school students. Because in June itself, Rath Yatra is on 20th May and Bakrid is on 29th May. Overall, children are going to get a lot of holidays in the month of June.

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Indigo had stopped the annual salary hike of its pilots after the economic crisis caused by the Corona epidemic. According to a report in Business Standard, the airline has restored annual increments to over 4,500 of its pilots.

Indigo Vice-President Ashim Mitra said in an internal mail sent to the employees, “The annual increment in the salary of Indian Captains and First Officers of Airbus and ATR Fleet, which was stopped due to the Corona epidemic, has now been reinstated from April 1.” will be done.” Explain that this increment for Indian Captains was Rs 10,000 thousand per month, whereas for Indian First Officers it was Rs 5,000 per month.

IndiGo registers profit after three quarters

Let us tell you that IndiGo has recently registered a profit of Rs 1,422.6 crore in the December quarter after being in loss for almost three quarters. During the December quarter, increased demand for air travel helped the company come out of losses. Indigo had earlier reported a profit of Rs 129.8 crore in the December quarter last year. In the first and second quarter of the current financial year, the airline had reported losses of Rs 1064 crore and Rs 1583 crore, respectively.

On the other hand, IndiGo’s total income in the December quarter stood at Rs 15,410.2 crore, compared to Rs 9,480.1 crore in the same quarter last year. Indigo CEO Pieter Elbers said that this is the highest ever income and profit recorded by the company in a single quarter.

What the CEO of IndiGo said on the results

Peter Albers said, “Our performance in the third quarter was driven by strong air travel demand, both commercially and financially. In addition, we also took a number of innovative steps to increase earnings, which are now starting to pay off. ” He said, “We have a modern fleet of 300 aircraft. With its help, many more are going to cover domestic and international destinations. This will help us to increase our growth.”

Slight rise in shares today

Meanwhile, shares of InterGlobal Aviation closed at Rs 2,045.35, up 0.19% on BSE today. The company’s shares have declined by about 3.26 per cent in the last one month. At the same time, its price has decreased by about 2.11% in the last one year.

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In fact, under this, the ministry has increased the distance fixed for booking tickets through the app. According to the Ministry of Railways, the department has taken a big decision to stop the misuse of limited distance tickets.

Railway made a big announcement

That is, now you will be able to book tickets through the app from a greater distance than before from the journey starting station. Not only this, the ministry has issued orders related to this to the software maker Chris. It is worth noting that there are two types of tickets booked for traveling by rail, reserved and unreserved. Reserved tickets can be booked online or through the app for any destination from anywhere, but unreserved tickets can be booked only up to a limited distance from the journey commencing station.

Changes for which trains

Let us tell you that the Railways has changed the rules for booking unreserved tickets from Suburban and Mail-Express. But in trains like EMU, the same rules will be applicable as before.

Know what has changed

Now let us tell you what changes have been made by the Railways. In fact, till now tickets for suburban trains could be booked from the app only at a distance of 2 km from the start of the journey. For example, if a passenger has to catch a train from Delhi station, he could book an unreserved ticket from the app by reaching a radius of 2 km from the station.

But now after the new decision of the Ministry of Railways, now tickets can be booked up to a radius of 5 km. On the other hand, in Mail Express, 5 km before the start of the journey. Tickets could be booked within the radius of 20 km, but now the radius for these trains has been increased to 20 km. have been done.

Why was the rule changed?

Let us tell you that many times the network suddenly disappears when the passenger reaches near the station (within a radius of 2 km) in the mobile, due to which he could not book the ticket and missed his train. In view of this situation, the department has increased the distance due to which passengers can book tickets from a longer distance.

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The DA figure is going to be released on January 31. Through this figure, it will be clear that how much your salary is going to increase in the first half of this year. The data of AICPI Index is released on the last date of every month.

There will be an increase in salary

Employees are hopeful that this time there can be a bumper increase in their salary. After the release of the data, the government can increase the salary of the employees before Holi. On the basis of AICPI Index, it is decided that by what percentage the dearness allowance will increase.

According to November figures, there may be an increase of 3 percent.

According to the figures till November 2022, there is going to be an increase of 3 percent in dearness allowance. If there is no change in this index in the month of December, then there will be an increase of 3 percent in the salary of the employees. On the other hand, if there is a rise of 1 point in the index, then there can be an increase of 4 percent in DA.

Now getting 38 percent DA

If there is an increase of 3 percent in the dearness allowance of the employees, then the employees will get DA at the rate of 41 percent. In July 2022, the government had increased the DA of the employees at the rate of 38 per cent.

When will the hike be announced?

Let us tell you that the increase in DA of the employees can be announced in the month of March. According to media sources, it can be approved in the cabinet meeting to be held on March 1, ie employees can get increased salary from March 31. Along with this, the money for the months of January and February will come into the account along with the arrears.

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Meanwhile, Finance Minister Nirmala Seemaraman has given a big statement regarding tax exemption. He told that the optional income tax system with seven tax slabs was brought by the government so that people of low income group have to pay less tax. Sitharaman said that in the old tax regime, every taxpayer can claim exemption in about 7-10 ways.

No exemption in the new system
Income tax rates are between 10, 20 and 30 percent depending on the income limit in the old tax regime. The minister said that along with the old tax regime, the government has come up with another system, in which there is no exemption, but it is simple and the tax is less. Sitharaman said, ‘I had to make seven slabs so that there are lower rates for the people of low income group.’

Alternative income tax system was introduced in the budget 2020-21. The
Finance Minister was speaking on Friday on the occasion of the release of the book ‘Reform Nation’ by Gautam Chikarmane, Vice President of Observer Research Foundation. During this, he said, the government had introduced an alternative income tax regime in the General Budget 2020-21, under which individuals and Hindu Undivided Families (HUFs) were taxed with lower rates. However, other tax exemptions like rent allowance, housing loan interest and investment under 80C are not given in this arrangement.

Let us tell you that tax payers have been demanding from the government for a long time to increase the income tax exemption limit from Rs 2.5 lakh to Rs 5 lakh. Along with this, there is also a demand to increase the investment limit under 80C. It will be a matter to be seen which demands are considered by the government and can be announced in the budget on 1st February.

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But before this, the Finance Minister is being informed about their demands on behalf of different sectors. Along with this, the Union Finance Minister is being demanded to give relief in the upcoming budget.

Modi government’s last budget

Sources also claim that the government is thinking of giving relief to both farmers and employed people in this budget. Actually, this will be the last budget of the Modi government before the 2024 Lok Sabha elections. In the Union Budget, the limit of savings under section 80C is expected to be increased from Rs 1.5 lakh to Rs 2.5 lakh. In the Pre-Budget Memorandum 2023 from ICAI, the common man has been asked to save more.

Demand for relief for a long time There is a demand from the common man to give relief under 80C for a long time. ICAI has also demanded to increase the investment limit in Public Provident Fund (PPF). At present this limit is 1.5 lakh, which is being demanded to be increased to 3 lakh. ICAI’s argument behind the demand for increasing the PPF limit is that it is a safe investment option for businessmen and job professionals.

Due to the accumulation of PF of the employed, there is not much scope for investment under it. In such a situation, he has limited options for tax saving. For the last several years, there is a demand to increase the limit of Rs 1.5 lakh under 80C. Apart from this, ICAI has also requested the Finance Ministry to increase the limit of expenditure under 80DDB.

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Let us tell you that even before this special trains are being run on many routes. Actually, lakhs of people will travel by train in the next 10 days from Delhi on Diwali and Chhath. In such a situation, in view of the festivals, the Railways has arranged for 15 lakh additional seats. Also, for the convenience of the passengers, tents have started at railway stations from Monday.

Great step taken by railways

In view of the crowd at the station, the railways has started setting up tents for the convenience of the passengers. Apart from this, full arrangements for special counters, toilets, seating areas, security will be made for the passengers till Friday. According to the information received so far, in view of the crowd in Diwali and Chhath Puja, Northern Railway is running a total of 70 special trains. Let us tell you that these trains will make a total of 771 trips from both the sides, in which about 12 lakh people will be able to travel. Out of these, a total of 62 special trains are being run for the eastern states.

153 extra coaches installed in 49 trains

Apart from this, 153 extra coaches have been installed in 49 trains from October 1 to November 15. With this, about 3.5 lakh passengers will get confirmed seats. Officials have informed that this time keeping in view of Diwali and Chhath, special arrangements are being made at New Delhi, Old Delhi and Anand Vihar railway stations from now on. Actually, most of the trains run from here to Bihar and Uttar Pradesh. Counters are being set up here to collect tickets for passengers.

According to the news published in India, Dimpy Garg (DRM, Delhi Division, Northern Railway) told that special trains are being run to take passengers to their destination stations during festivals. Along with this, a campaign is being run against the people who are brokering tickets, so that these brokers cannot make arbitrary recovery from the passengers.

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An important meeting of the retirement body EPFO ​​is going to be held on 29 and 30 July. In this meeting, a decision can be taken regarding the formation of the Central Pension Disbursal System . 73 lakh pensioners will get the benefit of this and pension can be transferred to everyone’s account simultaneously. At present EPFO ​​has 138 regional offices. All these offices give benefit to the beneficiaries in their pension account according to their own. In such a situation, pensioners get pension on different days and at different times.

According to information received from sources by news agency PTI, a proposal to set up a Central Pension Disbursal System will be proposed in the EPFO ​​meeting to be held at the end of July. The proposal will be placed before the Central Board of Trustees (CBT), the apex decision-making body of the EPFO. The source said that the Central Pension Disbursal System will use the data of 138 regional offices and then the pension will be released in the bank accounts of about 73 lakh pension beneficiaries simultaneously.

The data from the regional office will be put into the central database

The source said that all the regional offices deal with the needs of the pensioners of their area differently. With this, pensioners are able to pay pension on different days. In the 229th meeting of the CBT held on November 20, 2021, the trustees approved the proposal for development of a centralized IT based system by the C-DAC. The Labor Ministry had said in a statement after the meeting that after this the details of regional offices would be transferred to the central database in a phased manner. This will facilitate the operation and supply of services.

The hassle of transferring PF account will end

With the implementation of the centralized system, EPFO ​​subscribers will get many benefits. With this there will be no duplication, as well as multiple PF accounts of one member will become a single account after merger. If someone changes jobs, then the hassle of transferring PF account will also end.

Rules may change regarding withdrawal from pension account

The source also told that the Central Board of Trustees may also consider implementing a new rule regarding withdrawal from the pension account. Under this, the EPFO ​​subscriber can easily withdraw from the pension account if he has contributed less than six months. As per the current rules, if a subscriber has made a contribution for a period of six months to 10 years, the same can be withdrawn from the pension account

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