India’s real estate sector is undergoing rapid transformation. Women are now emerging as key investors in the property market. According to a recent survey by Anarock, a leading property advisory company, 70% of women have identified real estate as their most preferred investment category. Many of these women are considering premium or luxury home properties worth more than Rs 90 lakh. Interestingly, most of these women investors have left the stock market. They have reduced their investments due to the volatility of the stock market.

The good thing about real estate is that women get some extra leeway in it, which is not the case in the stock market. Manu Singh, business head of housing finance at Kotak Mahindra Bank, says that women’s investment in real estate is beneficial from every perspective. The government has many schemes and policies for them. Also, banks also give loans to women buyers at low interest and on concessional terms.

Let’s find out why women are increasing their investment in real estate. In addition, what schemes and incentives are available for women homebuyers and women borrowers.

Promoting women’s ownership

As women become financially independent, they have started actively investing in real estate. Keeping this in mind, the government and financial institutions have launched several schemes and policies that help women buy homes. These initiatives not only make home loans accessible, but also make home ownership more affordable and rewarding.

Interest rate concession for women

Most financial institutions offer women a 0.05 to 0.10 percent interest rate concession on home loans. While this may seem insignificant, it can lead to huge savings over a long loan term. For example, a 0.10 percent concession on a home loan of Rs 50 lakh over a period of 20 years can lead to savings of up to Rs 1 lakh.

Good creditworthiness

Women generally get higher home loan eligibility as they are considered to have lower default risk. This helps them buy better properties. For this, they should be at least 21 years of age, have a stable income and have a good credit score.

Exemption from stamp duty is also available.

Many state governments offer a 1-2% discount on stamp duty to women buyers if the property is registered in the woman’s name. For example, in Maharashtra, women get a 1% discount and in Delhi, it’s 2%. This reduces the initial cost of buying a property.

Tax benefits

Women borrowers can also avail several tax exemptions. A deduction of up to Rs 1.5 lakh (on principal) can be availed under Section 80C of the Income Tax Act and a deduction of up to Rs 2 lakh (on interest) can be availed under Section 24(b). If the home loan is in the joint name of husband and wife, both can claim these deductions separately.

Plans for first time buyers

The government has also made special schemes for women first-time home buyers. Under the Pradhan Mantri Awas Yojana (PMAY), economically weaker sections, low-income groups and middle-income groups get interest subsidy ranging from 3% to 6.5%. Apart from this, schemes like Affordable Housing Fund (AHF) help women buy houses at affordable rates.

To avail these facilities, women have to submit necessary documents like identity proof, address proof, income proof and property documents. Having correct and updated documents can avoid delays in loan processing.

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The purpose of this decision is to give children a break from the scorching heat, so that they can spend this time comfortably with their family. With the announcement of summer holidays, children as well as their parents are feeling relieved because it is not easy to send children to school in this season.

46 days leave

Holiday dates may vary slightly according to the rules of different states and territories, but most schools will follow the national guidelines set by the Ministry of Education. This means that although the start and end dates of holidays may vary in some states, all schools will start the summer holidays at approximately the same time to give students the necessary rest.

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In view of the intensive search operation being carried out by the security forces, the state government has temporarily closed 48 tourist places in the valley. These include major tourist places in districts like Srinagar, Baramulla, Budgam, Anantnag, Kupwara.

After the terrorist attack in Pahalgam, Jammu and Kashmir, the entire state is on high alert and security forces have launched a massive search operation against terrorists. Meanwhile, in view of the situation in the valley, the Jammu and Kashmir government has decided to temporarily close 48 tourist places. This decision has been taken in view of security review and ongoing search operations against terrorists.

Why were tourist places closed?

According to government officials, the tourist places which have been closed are either affected by anti-terrorism search operations or are located in sensitive areas. By temporarily stopping the movement of tourists at these places, an attempt is being made to ensure uninterrupted operation of the security forces.

Where were the restrictions imposed?

The places closed include Gurez Valley in Bandipora, Yusmarg, Doodhpathri in Budgam, Aharbal and Kausarnag in Kulgam, Kupwara, Baramulla, Pulwama, Anantnag, Ganderbal and several major tourist places and resorts in Srinagar. Jamia Masjid, Badamwari, Asthanmarg paragliding point and parts of Dachigam in Srinagar are also under the temporary ban.

Search operation in full swing

Joint teams of the army and police are conducting intensive search operations in many areas of the valley after the Pahalgam attack. Targeting the possible hideouts of terrorists, the army is blowing up houses with explosives and search operations have also been intensified in the forests. The administration has appealed to tourists to avoid visiting sensitive areas of the valley and follow official instructions until the situation becomes normal.

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Uttar Pradesh Power Corporation Limited has started this new facility, after which consumers will no longer have to visit the offices of the electricity department. Now people will be able to increase their electricity load by applying online from home.

The people of the state will get this facility

Till now, consumers had to visit electricity offices to increase their electricity load. Filling forms, submitting documents and meeting officials not only took time but also caused unnecessary trouble at times. But now this entire process has become online, which will save consumers’ time and bring transparency in work.

UP government is continuously working to make the country digital

UPPCL Chairman Dr. Ashish Goyal said that the Yogi government is continuously working to make the state a digital UP. With this new digital facility, consumers will get speed, clarity and timely service. For this you will have to follow these steps.

• Consumers have to visit the official website of UPPCL www.uppcl.org.
• One has to click on the link “Load Change Request” on the website.
• After this, you will have to fill the application form by entering your consumer number.
• After uploading the required documents, consumers can submit the application online.
• Along with this, consumers will also be able to track the status of the application online.

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The central government has issued a consultation and made it clear that if any fraud, cyber crime or any other wrong activity is carried out in this situation, then the responsibility will be of the user. Under the law, he will have to bear the punishment and saying that someone else was using the SIM or mobile in my name. If I did not do this, then it will not be valid.

In the era of increasing cyber crime in the country, it has come to light that whether it is Jamtara or Mewat, cyber thugs committed the crime by using SIM cards running in someone else’s name. After the Supreme Court’s decision, the government tightened the process of getting SIM cards and also made the rules strict. After this, such cases also came to light in which close people were using SIM cards in their own names.

Amendment made in telecom law

In such cases, the police or agency that busted the entire gang in the courts got a shock when in most of the cases it was claimed that the phone was being used by a certain person. After this, the government amended the telecom law and decided that the SIM is yours and the responsibility is also yours, no matter who is using it. If a crime is committed by him, then you will have to suffer the consequences.

Now even if it is true that someone else has used your SIM or mobile and committed the crime. In this case, you will have to face a punishment of three years and a fine of up to Rs 50 lakh.

The Department of Telecommunications has issued an advisory to make the SIM or mobile user aware of the strict laws regarding being responsible. In such a situation, take care that whether the person walking on the road is an unknown person, an acquaintance or a relative, he should use his SIM and mobile himself. Do not hand over the SIM card to anyone else, because doing so can be dangerous for you.

How many sims are running in your name?

The government has already made it a crime to get a SIM card on fake documents or on someone else’s documents. In such a situation, if someone else tries to get a SIM card in your name, he will be caught. If you want to know how many SIM cards are running in your name, then go to http://tafcop.sancharsaathi.gov.in/ and enter your 10 digit mobile number and captcha code. After this, you will receive an OTP on your mobile number. After entering the OTP, you will have to login and the entire list will appear. If any number appears in it which you are not using, then you can immediately deactivate it and also complain.

Cybercriminals are committing crimes by hiding their IP addresses. They are making calls by creating numbers through apps. All these activities are now under the purview of non-bailable offences of cybercrime. So be careful. It is worth noting that the central government is constantly taking legal, experimental and awareness-raising steps to crack down on cybercrime. According to a recent research, cases of cybercrime are increasing every year in India.

Every day cyber criminals break into people’s bank accounts and personal data. In this sequence, India is at the 10th position in the world’s cyber crime index. 100 countries have been included in this index. Most cyber crimes in the world happen in Russia and Ukraine comes next. Experts from Oxford University and University of South Wales have prepared the World Cyber ​​Crime Index after three years of research.

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Under this initiative, it has been proposed to give employees in Tokyo three days off a week, so that they can strike a better balance between their family life and work life.

Option to work only four days a week

Tokyo Governor Yuriko Koike recently announced that from next year, i.e. 2024, employees in Tokyo will get the option to work four days a week. The main objective of this scheme is to improve the fertility rate in Japan, as working women in the country are often forced to leave their careers to give birth and raise children. Under this new scheme, employees will get the option to take three days off a week and spend more time on their families, reducing the pressure to have children. Governor Koike said the initiative aims to encourage Japanese couples to have children so that they can maintain a balance between their work life and family life. This step is an attempt to bring a big change in society, where both working women and men can maintain their careers while prioritizing their families.

Why is this step necessary?

The fertility rate in Japan has declined over the past few years. In 2022, the birth rate in Japan was recorded at just 727,277, which is extremely low compared to the total population of the country. One of the main reasons for this is Japan’s overtime work culture, in which employees have to work long hours and due to this they do not have time to take care of the family. According to World Bank data, women’s employment participation in Japan is 55%, while this rate is 72% for men, which is much lower than other developed countries. Apart from this, female employees often have to choose between family and career, which sometimes forces them to give up their careers. Such social and functional challenges have led to a decline in the birth rate in Japan.

Flexibility and changes in working conditions

Governor Koike says that efforts are being made to bring flexibility in this new policy, so that parents do not face difficulties in raising their children and they can also maintain their career. Along with this, working parents will get the option of a balanced cut in their income under this policy. This policy will be especially beneficial for parents whose children are in primary school. Under this plan, they will get the option of working fewer hours a week, allowing them to spend more time with their children. Thus, this move is a big relief for families, as they will be able to work as well as take care of their children.

Experience of working week globally

The impact of this plan will not be limited to Japan only. In 2022, 4 Day-Week Global tested a four-day working week. More than 90% of the employees who participated in this test expressed their desire to adopt it, as they found that it improved their work-life balance. After this, other countries such as Singapore have also moved towards flexible working hours and a four-day working week.

Birth rate and economic situation in Japan

The decline in birth rate in Japan is not only a social problem, but it is also affecting the economic condition of the country. Due to the aging population and low birth rate, there is a shortage of workers in Japan, which is affecting the country’s growth rate. These problems can become even more serious if it is not resolved soon. This effort of the government is expected to promote the birth of children in the society, which can prove beneficial for the development of Japan in the coming years.

This move of the Japanese government is part of a larger social and functional change. In this, employees are getting the option of giving more time so that they can maintain their career while raising children. The aim of this policy is not only to increase the birth rate, but it is a big social change, which gives families a chance to maintain a balance in their personal and professional life. This initiative can become an inspiration not only for Japan, but also for countries around the world, where the need for balance between family and work life is being felt.

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Sukanya Samriddhi Yojana was started by PM Modi in the year 2015. PM Modi had decided to start this scheme keeping in mind the future of daughters, so that parents can be encouraged to start saving for their daughters from an early age.

Only one Sukanya Samriddhi account can be opened in the name of a daughter. In this scheme, the account can be opened with just Rs 250. The government gives more than 8% interest in this scheme. This account can be opened at the time of birth of the daughter or till the age of 10 years.

If you want to open an account in Sukanya Samriddhi Yojana, you can go to the post office near your home or the office of the bank registered under this scheme. A minimum amount of Rs 250 and a maximum of Rs 1.5 lakh can be deposited in this account in a financial year. The account can be operated only by the guardian until the daughter becomes an adult.

Under the new rule, if the account is not operated by the legal guardian of the daughters in Sukanya Samriddhi Yojana, then this account can be closed. Under this, this change was also made, earlier this account could be closed on the death of the daughter or change of address of the daughter. But now the life-threatening disease of the account holder has also been included in it.

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Bihar and Jharkhand (25 September 2024, Wednesday)

In many districts of Bihar and Jharkhand, there will be a holiday in schools on September 25 due to Jiutiya festival. Students can contact their school administration for any information.

Assam (24-27 September 2024)

All government and private educational institutions will remain closed from September 24 to September 27 due to extreme heat in Kamrup district of Assam (including Guwahati). This decision has been taken keeping in mind the safety and health of the students, as many students were falling ill or fainting due to extreme temperatures.

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Jammu and Kashmir (25 September 2024, Wednesday)

There will be a government holiday on September 25 in 6 districts of Jammu and Kashmir due to the second phase of voting. In these districts, 25.78 lakh voters will decide the fate of 239 candidates in 26 assembly constituencies.

Information for students and parents

Most of the states have taken this decision keeping in mind the safety of the students and the festivals. Students are advised to contact their school administration for any necessary information.

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Because the government is getting ready to change the way of collecting toll through a new age technology called Global Navigation Satellite System (GNSS).

The advanced toll collection system has already been announced by Union Road Transport and Highways Minister Nitin Gadkari. Its testing is currently underway. And soon the old toll collection system in India can be abolished.

How GNSS works

Unlike FASTag, the future GNSS will be based on a navigation satellite system. It will come with a satellite-based unit that will be installed in vehicles. This will allow the concerned authorities to track the cars when they start using the toll highway.
When the vehicle exits the toll road, the system will calculate the actual usage of the toll road and automatically deduct an accurate amount. This will ensure that commuters pay only for the distance travelled on the toll highway.

Advantages of GNSS compared to FASTag

The upcoming toll collection system will allow customers to pay the exact amount for using toll roads. Consumers will be able to save a significant amount on every journey.

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It will also eliminate conventional toll booths. This will provide great relief from long queues and drivers will benefit from a more convenient travel experience.

When will it be implemented?

The government has said that it will take some time. However, testing of the model has already started on two major national highways. These include Bangalore-Mysore National Highway (NH-275) in Karnataka and Panipat-Hisar National Highway (NH-709) in Haryana.
The officials will analyze all the challenges and data and send it to the concerned ministry.

After getting the green signal from the top official, the new toll collection system will be implemented in a phased manner. Which will cover the top highways connecting major cities of India.

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Dearness allowance for central government employees was increased by 50% from January 1, 2024. With DA reaching 50%, many allowances were increased in the last few months. This also includes House Rent Allowance (HRA). Usually the government announces an increase in DA and DR in March and September every year, but this increase is considered effective from January and July.

The basis for DA hike is the All India Consumer Price Index (AICPI). Earlier, DA was calculated using the Consumer Price Index with a base year of 2001. However, from September 2020, the government has started using a new Consumer Price Index with a new base year of 2016 to calculate DA.

New formula for calculation of DA

For Central Government Employees:

DA% = [(Average of last 12 months of AICPI (Base year 2001 = 100) – 115.76)/115.76] x 100

For Public Sector Employees:

DA% = [(Average of last 3 months of AICPI (Base year 2001 = 100) – 126.33)/126.33] x 100

There has been an increase of 2.6 points in CPI-IW from December 2023 to June 2024, increasing from 138.8 to 141.4. In this way, the percentage of increase in DA is expected to increase from 50.28% to 53.36%.

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Salary will increase by this much

Central government employees with basic pay of Rs 18,000:

The 3% DA hike after the revision in July will increase their total salary by Rs 540. This will increase their annual salary by Rs 6,480.

Central government employees with basic pay of Rs 56,900:

After DA revision, monthly salary will increase by Rs 1,707 and Rs 20,484 annually.

With DA and DR crossing the 50% mark, there is speculation that DA and DR will be merged with the basic salary. This will increase the basic pay of lakhs of central government employees and pensioners. However, the government has not yet made any announcement on this revision of DA and DR.

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The central government on Friday made changes in the Employees’ Pension Scheme (EPS), 1995. Now even members who have contributed for less than 6 months will be able to withdraw money. This change will benefit lakhs of EPS employees. In fact, every year lakhs of EPS members leave the scheme before completing the 10 years of contributory service required for pension. In this, the number of people leaving the scheme within 6 months is high.

Under EPS, those who left the scheme before 10 years were given the facility of withdrawal, but those who left the scheme before 6 months were not given the facility of withdrawal on their contribution. However, now the government has given a big relief by changing this rule. The new amendment will benefit more than 7 lakh EPS members every year, who leave the scheme after less than 6 months of contributory service.

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The government has also made changes in this rule.

To make the scheme better, the government has also made amendments in the EPS details. From now on, the withdrawal benefit will depend on how many months the member has served and how much EPS contribution has been made on the salary. This rule will make withdrawal easier. More than 23 lakh EPS members will benefit from this change.

What was the rule earlier?

Till now, the withdrawal benefit was calculated on the basis of the period of contributory service in completed years and the salary on which EPS contribution has been paid. Members were entitled to such withdrawal benefit only after completing 6 months or more of contributory service. As a result, members who left the scheme before contributing for 6 months or more did not get any withdrawal benefit.

7 lakh claims rejected

Due to the old rule, many claims were rejected as many members were exiting without less than 6 months of contributory service. According to the government notification, about 7 lakh claims of withdrawal benefit were rejected during the financial year 2023-24 due to less than 6 months of contributory service. Now these EPS members who have not attained the age of 58 years by 14.06.2024 will be entitled to withdrawal benefits.

What is EPS?

Often people get confused about EPS. Actually it is a pension scheme, which is managed by EPFO. Under this scheme, contribution has to be made for 10 years, then you become entitled to pension after retirement. Existing and new EPF members are included under this scheme.

Both the employer/company and the employee contribute equally to the EPF fund at 12% of the employee’s salary. However, the entire share of the employee’s contribution goes to EPF and 8.33% of the employer/company’s share goes to the Employees’ Pension Scheme (EPS) and 3.67% to EPF every month. Pension benefits will be given after completing at least 10 years of service and after retirement.

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7th pay commission: There is an important news related to the Central Government Health Scheme (CGHS) for central employees. Actually, the government has issued an order to stop linking CGHS with Ayushman Bharat Health Account (ABHA). Let us tell you that the Health Ministry had set the deadline for linking ABHA number with CGHS ID till June 30, 2024.

Many types of questions on linking

Many questions were raised regarding this linking. The Health Ministry issued a statement on this in the month of April. According to the Health Ministry, the government has no wrong intention behind linking the identity card (ID) of the Central Government Health Scheme (CGHS) beneficiaries with the Ayushman Bharat Health Account (ABHA) number.

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what did the ministry say

The ministry had then said- A lot of misinformation is being spread about the recent move to link CGHS records with ABHA numbers. This is a unique health ID based on ‘Aadhaar’. The ministry said that ABHA was required because ‘Aadhaar’ details cannot be saved on systems without implementing Aadhaar vault and other security systems.

The Health Ministry had said that this initiative will help CGHS beneficiaries access their health records on their mobile phones, thereby saving money spent on frequent check-ups. According to the ministry, ABHA is being implemented at every location where health records are being created.

There is no link to monetary or fiscal planning

According to the ministry, it is not linked to any monetary or fiscal scheme of the government. It is being launched in government health programs like Reproductive and Child Health (RCH), Non-Communicable Diseases (NCD), Nikshay, U-WIN (Universal-Immunization), e-Sanjeevani (Tele-Consultation), PMJAY, Poshan (Anganwadi). It can be used in Chardham Yatra, Maha-Kumbh, medical tests for central services, medical tests for driving license etc.

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The West Bengal government on Tuesday announced a 4 percent increase in dearness allowance (DA) and dearness relief (DR) for state government employees. The increased DA will be applicable from April 1, 2024. This information was given in a notification issued by the State Finance Department. Let us tell you that before Bengal, the Sikkim government has also given a big gift to its employees and pensioners. The state government has approved the proposal to increase dearness allowance by 4 percent.

What is the detail

According to the notification, employees of government-aided educational institutions, panchayats and panchayat employees under the government, municipal corporations, municipalities, local boards and pension recipients of retired government employees and their families will be eligible for this. The notification also stated that the Governor has approved the decision to give DA after examining all aspects. Let us tell you that on December 21 last year, during the Christmas program in Kolkata, Chief Minister Mamata Banerjee had announced a 4 percent increase in DA for state government employees.

Central employees are waiting

Here, bank employees have got a gift on dearness allowance i.e. DA. This allowance will be 15.97% for May, June and July. The Indian Bank Association (IBA) has given this information by issuing a notification dated June 10, 2024. Meanwhile, central employees are waiting for the DA of the second half of the year. Currently DA is 50 percent. A 4 percent increase is expected for the coming half year. In such a situation, it is estimated that the DA of the employees will become 54 percent.

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Cases of road accidents related to two-wheelers are coming to the fore every day. Keeping this in mind, the Road Transport Ministry is considering a plan to build dedicated lanes for two-wheelers. The ministry says that a plan is being considered to build separate lanes, underpasses and overbridges for two-wheelers and pedestrians on urban roads and highways. This will help in reducing road accidents.

The ministry says that the number of accidents is increasing due to all types of vehicles moving together on the road. This problem can be dealt with by providing different roads according to the type of vehicle. According to government data, two-wheeler drivers are involved in 44% of road accidents and deaths. Similarly, about 17% of road accidents involve pedestrians, while 19% of the dead are pedestrians.

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The ministry has issued a consultation paper.

Pedestrians, cyclists and two-wheeler riders are the most prone to road accidents. Their safety on the road is the lowest. According to a report by the Times of India, the Transport Ministry has issued a consultation paper aimed at reducing road accidents.

Accident statistics in India are serious.

India is included in the list of countries where the highest number of deaths occur in road accidents. According to the annual report ‘Road Accidents in India 2022’ of the Ministry of Road Transport and Highways, a total of 4,61,312 road accidents occurred in the year 2022, in which 1,68,491 people lost their lives. While 4,43,366 people were injured.

According to government data, the country’s road network, including expressways, has expanded and the number of vehicles has also increased, which has led to an increase in road accidents. The severity of road accidents is determined by the number of people killed per 100 accidents. It has increased rapidly in the last decade. Its number was 28.2% in 2012, which has increased to 36.5% in 2022.

53 accidents every hour

According to the ministry’s data, about 53 accidents and 19 deaths occurred every hour in India last year. The report said that a total of 4,61,312 road accidents occurred across the country, in which 1,68,491 people lost their lives. In 2022, the number of road accidents increased by 11.9%, while the number of deaths also increased by 9.4%.

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The involvement of these mobile numbers has come to light in the investigation of cyber crime and financial fraud cases by various law enforcement agencies. In view of this, the Department of Telecommunications has asked telecom companies to disconnect 28,220 handsets and verify more than 20 lakh mobile connections.

Investigating agencies have found out that several thousand mobile SIMs have been used on the same mobile handset. Instead of using SIM cards of their own telecom circle, fraudsters generally use SIM cards of other telecom circles so as to avoid the attention of telecom companies and agencies. Apart from this, they do not use one SIM in the same mobile for long. To protect themselves, fraudsters make only a few outgoing calls and then change the SIM.

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Only 10 percent of SIMs get verified

According to an Economic Times report, an official said that generally in cases of suspicious SIMs, only 10 percent of the connections get verified and the rest are disconnected. When telecom companies re-verify within 15 days and the SIM is not verified, the connection is disconnected. The Department of Telecommunications fears that most of the 20 lakh SIMs which have been ordered to be verified will be used for wrong purposes and the person using them will not get them verified.

Telecom companies had blocked around 200,000 SIMs last year for alleged involvement in cyber crimes. In Mewat, Haryana itself, the government had closed more than 37,000 SIM cards simultaneously after a thorough investigation. The government believes that telecom companies need to be more proactive in detecting usage patterns of SIMs, especially those purchased outside the domestic circle.

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Cyber ​​crimes are increasing.

The number of mobile phone based cyber crimes is continuously increasing in the country. According to the National Cyber ​​Crime Reporting Portal (NCRP), victims of digital financial fraud lost ₹10,319 crore in 2023. According to a report by the Parliamentary Standing Committee on Finance, more than 694,000 complaints were received in 2023.

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Summer vacation was to start in the schools of Punjab after 10 days from today i.e. from 1st June. But due to rising temperatures, all schools have been ordered to close prematurely. Schools were to be closed from today itself but due to the order coming late, the holidays will start from tomorrow.

Punjab Chief Minister Bhagwant Mann has announced holidays in all the schools of the state from May 21 to June 30. The Punjab government had given an order a few days ago, in which information about changing the timings of schools was given. But after the sudden change in weather and heatwave alert, orders were issued to close schools immediately. In fact, there was a fear of children’s health deteriorating due to strong sunlight and heat. To avoid this, schools have been closed.

Also Read: PF claim settlement: EPFO made a big change in the claim settlement rules

What is the update on Delhi, Haryana, UP summer vacation?

Before Punjab, summer holidays have been announced in many other states also. Summer vacation started in all government and government-aided schools of Delhi from May 11, 2024. At the same time, private schools of Delhi have also been closed. Similarly, summer vacations have started in most of the schools of Uttar Pradesh between May 18-20, 2024. Summer vacation will start in Haryana schools from June 1.

Punjab School Timings: School timings were changed in Punjab.

Heatwave alert has been issued in Haryana. There is a possibility of temperature increasing in the coming days. In this situation, students staying in the hot sun is like playing with their health. That is why the state government has changed the timings of all schools from 7 am. Single shift schools will be closed at 12 noon. At the same time, in double shift schools, the first shift will start from 7 am and the second shift will start from 12.45 pm. The same decision was applicable to Punjab also.

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According to an ET report, the United Forum of Bank Unions, an alliance of bank employee unions, has written to Finance Minister Nirmala Sitharaman to allow a 5-day work week for the banking sector. The Bank Employees Union also assured that there will be no cut in banking hours for customers or in the total working hours of employees and officers.

Know what is the demand

The union has urged the Finance Minister to review the matter favorably and direct the Indian Banks Association (IBA) accordingly, the ET report said. At present bank branches remain closed on second and fourth Saturdays.

Bank unions have been demanding holidays on all Saturdays and Sundays since 2015. Under the 10th bilateral agreement signed in 2015, the RBI and the government agreed with the IBA and declared the second and fourth Saturdays as holidays.

Salary will also increase

In terms of salaries, the IBA and bank employee unions had last year reached an agreement for a 17 per cent salary hike across all public sector banks (PSBs) in India, amounting to Rs 12,449 crore. If the salary hike is approved by the Centre, If implemented, around 9 lakh employees including 3.8 lakh officers in all PSBs and select old generation private banks will benefit.

According to a TOI report, the MoU signed by the IBA and bank employee unions following talks on December 7, 2023, included a commitment to finalize the wage revision within 180 days.

IMD Rain Alert : Snowfall in Kashmir-Himachal-Uttarakhand, hail-rain alert in UP-Bihar, know the weather across the country

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Your money will be safe and you will also get great interest on it. You will get both these features in one government scheme. Whose name is Public Provident Fund, in common language it is called PPF. This is one of the most popular small saving schemes in the country.

Actually, people in the country invest money in PPF blindly. In this, not a single penny is lost on investment, because the Central Government takes guarantee of this scheme. Let us know the features of PPF scheme one by one-

How much will have to be invested in PPF?

In this government scheme, you can invest at least Rs 500 annually, and the maximum limit is up to Rs 1.5 lakh. No interest is available on amounts deposited above ₹1.5 lakh in a financial year. The amount can be deposited in lump sum or in installments. There is no limit to this.

How much interest is available on PPF?

Public Provident Fund gives more interest than fixed deposits in banks and post offices. At present the government is giving 7.1 percent interest annually on PPF. Compound interest is earned on investments, which is calculated on an annual basis. Interest is paid every year in March. Interest rates are reviewed every three months i.e. on quarterly basis. The final decision regarding the interest rate is taken by the Finance Ministry.

Do you get the benefit of tax exemption on PPF?

This is an excellent scheme from the point of view of tax exemption. Therefore it is very popular among employed people. By depositing money in PPF, you can avail the benefit of tax exemption along with better returns. You can avail tax exemption under Section 80C of Income Tax, the maximum limit of which is Rs 1.5 lakh. Investment in PPF, interest received on it and the amount received on completion of maturity, all three are completely tax free. Investment in PPF has to be made for 15 years.

For how many years one has to invest in PPF?

According to government rules, investment in PPF scheme has to be made for 15 years. If you want to continue even after maturity, then in such a situation you can extend the PPF account for 5 years. Application for PPF extension will have to be made one year before maturity.

How to withdraw money from PPF midway?

Although the maturity period for this government scheme is 15 years. But in emergency you can withdraw 50 percent of the deposit amount. The condition for this is that 6 years should be completed after opening the account, that is, the amount can be withdrawn only after 6 years.

Is there a loan facility against the amount deposited in PPF?

After operating the PPF account for three years, you can also take a loan on it. Loan facility is available from 3rd to 6th year of account opening. However, the second loan can be applied only after the first loan is closed. You can take loan only for 25 percent of the amount deposited in PF account. 2% more interest has to be paid on the loan against PPF. For example, if the current interest rate on PPF is 7.1 percent, then the account holder will have to pay 9.1 percent interest on the loan. The loan has to be repaid in maximum 36 months.

Who and where can open a PPF account?

Investing in PPF account is quite safe. You can open PPF account in almost all government and private banks of the country including post office. For this it is necessary to be an Indian citizen. You can open a PPF account in the name of minor children, but for this it is mandatory to have a guardian. The earnings from the child’s account are added to the parent’s income.

How can one become a millionaire through PPF?

You can become a millionaire by depositing little by little money in this government secured scheme. The formula is very simple. By adding only Rs 405 daily i.e. Rs 1,47,850 annually, you can raise a total of Rs 1 crore in 25 years based on the current interest rate of 7.1%. You can verify the figures yourself with the help of PPF calculator.

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Many schemes are being run by the government for the bright future of girls. One of these is Sukanya Samriddhi Yojana. It works to make the future of girls bright.

The government bears the expenses of daughters’ education and marriage under this scheme. This scheme has been started under the Beti Bachao-Beti Padhao campaign. You can open Sukanya account for just Rs 250.

In this, you can open Sukanya Account from the birth of your daughter till the age of 10 years. You can invest as low as Rs 250 to Rs 1.50 lakh in 1 financial year.

The government gives compound interest in this scheme. When the daughter turns 18 years of age, you can withdraw 50 percent of the amount. This scheme matures in 21 years. Apart from this, the benefit of tax benefit is also available in this scheme.

Complete this work before 31st March

If you also take advantage of this scheme, then let us tell you that you should invest at least Rs 250 in this scheme in 1 financial year. If you do not do this then your Sukanya account will be frozen.

However, to reopen Sukanya account, you will have to pay a penalty of Rs 50 per annum along with the investment amount.

How to open Sukanya account

• You have to download the application form of Sukanya Samriddhi Yojana from the post office or bank website.
• After this, you have to attach your daughter’s photo, birth certificate, ID-proof of parents and other documents in the form.
• Now submit this form and documents to the nearest bank or post office.
• After this the form and original documents will be checked.
• Now an account will be opened in the name of your child, after which you can invest in it.

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Elections are going to be held in the country in a few months. In such a situation, the government can make big announcements for central employees. The government may make populist announcements regarding salaries for government employees in the budget. Employees are hoping that the government can accept their demands regarding salaries. Now it has to be seen whether the government will announce in Budget 2024 regarding increasing the fitment factor, bringing 8th Pay Commission and 18 months DA arrears or not?

Will the Finance Minister make these 3 announcements on February 1?

While presenting the budget on February 1, Finance Minister Nirmala Sitharaman may announce salary increase for central employees. Government employees have been demanding salary revision for a long time. This matter has been discussed several times with the government employees’ association. If the government increases the fitment factor in the budget, then the minimum basic salary of the employees will increase from Rs 18,000 to Rs 26,000.

Will she announce anything regarding the 8th Pay Commission?

The government can announce the 8th Pay Commission in the Union Budget 2024. If the government does this, the salary of government employees working on small posts will also increase. However, the government has earlier said that it is not currently considering bringing the Eighth Pay Commission. But this is an election year, so the government can give good news to the employees on this occasion.

18 months DA arrears

The central government increases the DA of central employees twice a year in January and July, but during the time of Covid, the government did not increase any dearness allowance from January 2020 to June 2021. After this, the government directly increased the dearness allowance by 11 percent on July 1, 2021.

Nothing was said on DA not being increased thrice before that. However, at that time the dearness allowance was 17 percent, which was increased by 11 percent to 28 percent. Since then the central employees are expecting to get this 18 months DA arrears from the government. However, the government has said many times that it has no intention of paying the pending arrears of 18 months.

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New system for those who have completed 18 years:

According to the new instructions of the Unique Identification Authority of India, this process will be applicable only for the youth who have completed 18 years of age. Once the Aadhaar card is made, they will also be able to do all types of updates as per the normal process. At the same time, people whose Aadhar cards are already made will not have to go through this new system.

State Government’s permission is mandatory:

According to the instructions, the government will nominate Additional District Magistrate at the district level and SDM at the sub-division level for physical verification of the application. Cards will be issued only after completing the verification process by these designated officers. District head post offices and other Aadhaar centers will be specifically selected for physical verification.

It may take up to 180 days to generate Aadhaar:

In the new system, it may take up to 180 days for a new Aadhaar to be issued. Under this, after Aadhaar enrollment (application), UIDAI will check the data quality and then send the application to the Service Plus portal. SDM will verify the applications received on the portal. There will be physical verification of all the documents submitted by the applicant. After this, permission to issue Aadhaar will be given from SDM level. If the documents are found doubtful or incorrect then the application will be rejected.

It is mandatory to be present on the spot:

As per the instructions, it will be mandatory for the applicant to be present on the spot during physical verification. For this, applicants living in other states and union territories will be advised to return to their home state for verification.

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What the Chief Minister said: Mamata Banerjee said that for the DA increase, her government will have to bear an additional expenditure of Rs 2,400 crore. He said, “For us DA is not mandatory but optional. Keeping in mind the welfare of the employees, we are increasing DA by 4 percent.

Ongoing protest for allowance

Let us tell you that the government employees of West Bengal have been protesting for almost a year demanding increase in dearness allowance. Protests are also taking place for this. Recently, the police had refused permission to the protesting government employees to sit on strike. After this the employees reached Kolkata High Court and got permission to sit on strike tomorrow i.e. from 22nd December to 24th December.

Gift to Meghalaya employees

Recently Meghalaya Chief Minister Conrad K. Sangma announced early release of December salaries for 55,000 government employees and a three percent increase in dearness allowance. The Chief Minister also shared an office memorandum of the Finance Department on the social media platform, in which it has been decided to increase the dearness allowance for employees and pensioners from the current 36 percent to 39 percent from July 1.

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This time a holiday has also been declared on the birth anniversary of former Prime Minister Chaudhary Charan Singh. There will be a holiday on 23rd December on the birth anniversary of Chaudhary Charan Singh. It is being told that this decision has been taken to help the farmers and Jats in Western UP.

According to the holiday list of 2024, there are 24 public holidays while 29 restricted holidays are included. Apart from this, due to closure on April 1, there will be a holiday in all banks, treasuries and sub-treasuries.

According to the list Mohd. Hazrat Ali’s Birthday, Republic Day, Mahashivratri, Holika Dahan, Holi, Good Friday, Eid-ul-Fitr, Dr. Ambedkar’s Birthday, Ram Navami, Mahavir Jayanti, Buddha Purnima, Idujuha (Bakrid), Muharram, Independence Day, Raksha Bandhan, Janmashtami, Eid-e-Milad/Baravfat, Mahatma Gandhi Jayanti, Dussehra, Mahavanmi, Vijayadashami, Diwali, Govardhan Puja, Bhaiya Dooj, Chitragupta Jayanti, Gurunanak Jayanti, Kartik Purnima and Christmas Day have been declared public holidays. Apart from this, 7 in January, 3 in February, 6 in March, 8 in April, 3 in May, 2 in June, 2 in July, 3 in August, 2 in September, 8 in October, 8 in November have been released. 6, December includes 3 days of government holidays. There will also be a government holiday on the birth anniversary of Guru Gobind Singh falling on January 17 and Guru Tegh Bahadur Martyr’s Day falling on November 24.

52 Sunday holidays also

It is noteworthy that there are 52 or 53 Sundays in a year. If these 56 holidays are also included, then in 2024, government employees will get a total of 108 days of leave.

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Alert system for such cases

A report in Business Today quoted Finance Ministry sources as saying that financial institutions can adopt rapid alert system for digital payments above a limit. According to the report, banks and other financial institutions can adopt rapid alert system for digital payments of more than Rs 5000. According to sources, this alert will be fully implemented only in case of new users or vendors.

Verification in this way

Under this alert system, when a user makes a payment of more than Rs 5000 through UPI to another user or vendor for the first time, he will receive a verification message or call as soon as he initiates the payment. Verification message/call will come before the money is debited from the account. Money will be deducted from his account only after verification. In this way, payment will be automatically stuck in doubtful cases.

Alert system is not new

This type of alert system is not being applied for the first time. Many financial institutions have already adopted such systems. Finance Ministry officials say that many financial institutions are already using such alert systems for high value transactions.

Consider time limit also

Earlier there were reports that the government may impose time limit in the case of UPI payment. Under this, it was being told that it would be possible to make payment at least 4 hours after adding a new user or vendor. However, the government has not yet given final approval to neither the minimum time limit nor the rapid alert system.

Lakhs of numbers have been closed

The government has already adopted a strict attitude regarding digital banking fraud. Under this, lakhs of mobile numbers have been blocked as an initial step. Financial Services Secretary Vivek Joshi, after a meeting with bank officials, had said on Tuesday that the government has already suspended 70 lakh mobile numbers due to their involvement in suspicious transactions. The government has also made the rules regarding SIM cards stricter from December 1. All these measures can prove successful in curbing digital banking fraud to a great extent.

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There was confusion regarding interest reduction

The rules regarding penalty for closing PPF account before 15 years were clear, but there was confusion regarding extension of the account period. As per the old rules (PPF 2019), if one closes the account during the extended period then the penalty will have to be paid from the time the account period extended.

That is, if an investor has extended the PPF account more than once for 5 years after 15 years, then the penalty will be charged from the time the PPF account was extended for the first time.

Relief given like this: In the new rules, it has been made clear that if the investor has extended the account period three times for five years each, then one percent penalty will not be imposed from the time the account is extended for the first time. Rather, the calculation will be done only for those five years in which the application for premature closure of the account has been given.

What are the existing provisions: The maturity period of PPF account itself is 15 years. This can be extended for another five years. The account cannot be closed for the next five years after the financial year in which the account is opened. Only after this, under special circumstances, the account can be closed before the maturity period but for this a penalty is imposed in the form of reduction in interest.

How much deduction: According to the rules, if the account is closed before the maturity period, there is a deduction of one percent in the interest, which is applicable from the date of opening of the account. If a person was getting 7.1 percent interest on the current contribution, but if he closes the account prematurely, he will get only 6.1 percent interest.

Exemption to close account in these circumstances

For treatment of serious illness of the account holder or family members
When you need money for your or your child’s higher education in the country or abroad
If the account holder is leaving the country then he can close the account.
On the death of the account holder, his Nomina account can be closed
It is necessary to submit these documents

To close the PPF account before the maturity period, a written application has to be submitted to the concerned bank or post office. Form-5 will also have to be filled. In this, a clear reason for closing the account must be given. Also, necessary documents will have to be attached with the application.

If you close the account for the treatment of illness, then you will have to submit the documents given by the medical authority. Copy of PPF passbook will have to be attached. The application is accepted after verification of documents.

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According to information received from sources, the government has made complete preparations in collaboration with RBI and can implement the new system soon. Recovery of money from another account simply means that the Cheque holder will have to repay the money under any circumstances. There may also be punishment.

CNBC report says that after this process is developed, the credit score of the company or person whose Cheque bounces will also deteriorate. Apart from this, loan default rules will also be applicable for these cases. This will reduce the cases of Cheque bounce and people will refrain from bouncing their own cheques.

Rules discussed in the meeting –

RBI and the government have held a meeting regarding this rule only last week. Regarding this rule, it was said that with its introduction, no new account will be opened if the Cheque bounces. Besides, money will also be recovered from other accounts.

In case of Cheque bounce, there is a provision of punishment of 2 years and it can be changed in the future. According to PTI, a Supreme Court panel had also suggested some changes in the Negotiable Instruments Act, 1881. Let us tell you that under the Negotiable Instruments Act, 1881 (NI Act), there is a provision for punishment for Cheque bounce.

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A minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited in this scheme. In Sukanya Samriddhi Yojana, you have to invest continuously for 15 years and the scheme matures at 21 years. If you invest even Rs 5000 every month in this scheme, you can collect a good amount for your daughter till maturity and can easily fulfill all the responsibilities related to it. At present, interest on Sukanya Samriddhi Yojana is 8 percent per annum.

What is the return on a monthly investment of Rs 5000?

If you invest Rs 5000 every month in Sukanya Samriddhi Yojana, then you will have to invest Rs 60,000 annually. In this way, you will invest a total of Rs 9,00,000 in 15 years. You will not make any investment between 15 to 21 years, but interest will continue to be added on your amount at the rate of 8 percent.

Now if you calculate it according to the SSY calculator, then you will get Rs 17,93,814 as interest on your total investment of Rs 9 lakh, which will be almost double your total investment. In such a situation, you will get a total of Rs 26,93,814 on maturity i.e. approximately Rs 27 lakh. If you start this investment in the year 2023, you will get the maturity amount in 2044. You can spend this amount as per your daughter’s needs in her studies or marriage etc.

Benefit of tax exemption

Interest in Sukanya Samriddhi Yojana is reviewed on quarterly basis. In this, tax exemption is also available under Section 80C of the Income Tax Act. You can claim tax exemption on maximum Rs 1.50 lakh. Under this scheme, you can open accounts only for two daughters. If you have more than two daughters, then you will not get the benefit of this scheme for the third or fourth daughter. However, if your second girl, twins or triplets are born, then Sukanya Samriddhi Account can be opened for her.

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People have to file income tax returns according to those tax slabs. Now, giving an important update regarding income tax return, a special data has also been shared by the government. Let us know about it…

Income tax return

The Income Tax Department said that a record 7.85 crore Income Tax Returns (ITR) have been filed till October 31 for the assessment year 2023-24. The department said that the total number of income tax returns filed in 2023-24 till October 31, 2023 is 7.85 crore, which is the highest so far. Whereas the total number of ITRs filed in 2022-23 was 7.78 crore. In such a situation, more ITRs have been filed in this assessment year as compared to the previous assessment year.

For those taxpayers (not having any international or specified domestic transactions) in whose case audit of accounts was required, the due date for filing ITR (other than ITR 7) was 31 October. “The total number of ITRs filed till October 31, 2023 for assessment year 2023-24 is more than 7.65 crore, which is more than 7.65 crore for assessment year 2022-23 till November 7, 2023,” the Central Board of Direct Taxes (CBDT) said in the statement. This is 11.7 percent more than the 6.85 crore ITRs filed by 2022. Last year, November 7, 2022 was the due date for filing such ITR.”

So many ITRs have been verified

Out of 7.65 crore ITRs filed for assessment year 2023-24, more than 7.51 crore ITRs have already been verified. Of these verified ITRs, 7.19 crore have already been processed till October 31, 2023. In this way, approximately 96 percent of verified ITRs have been processed.

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The government has said that all the ineligible ration card holders who are taking advantage of the free ration scheme are being immediately removed from this scheme. The facility of free ration is for the poor and needy and not for all sections. At present, the government has identified lakhs of people who will not get the benefit of free ration.

Currently 10 lakh people have been identified

In Uttar Pradesh and Bihar alone, the names of about 10 lakh ineligible cardholders have been marked. According to media reports, the ration cards of all those who are ineligible and still avail the benefit of free ration will be canceled by the government. It is being investigated across the country.

Who will not get free ration?

According to the information received from NFSA, any cardholder who pays income tax or otherwise is not eligible to get free ration. All these people will not get the benefit of free ration facility. According to government information, those people who have more than 10 bighas of land will not get the benefit of free ration.

Ration cards will be canceled

Apart from this, people who are running good business. That means they are earning more than Rs 3 lakh every year. These people will also not get the benefit of government ration. Preparations are being made to cancel the cards of all such ineligible ration card holders who are taking advantage of the free ration facility.

The scheme was started during the Corona period

During the Corona period, the government had started free ration facility to help the poor. To ensure that no person sleeps hungry, the government had started the facility of free ration. About 80 crore people across the country are taking advantage of the free ration facility. At present, the government has extended the date of free ration to 31 December 2023, but it is expected that it can be extended further.

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At the same time, many schemes are being run by the government to benefit the employed people also. One of these is Public Provident Fund (PPF). However, now an important update has come out from the government regarding PPF, about which people investing in PPF should know.

PPF scheme

Actually, PPF is a savings scheme run by the Central Government. Through this saving scheme, people are encouraged by the government to invest and save. Apart from this, people also get tax benefits in this scheme and people can also save tax through this scheme.

Interest on PPF

At the same time, interest on this scheme is provided by the government. This interest is also reviewed by the government every quarter. Recently, the interest paid on PPF has been reviewed by the government. In such a situation, there has been no change in the interest rate given on PPF and it has been kept stable. In such a situation, interest of 7.1 percent will be given on PPF in the quarter of October-December 2023 also.

PPF amount

PPF is a savings and investment scheme. Its maturity is 15 years. Through this scheme, people can invest a maximum of Rs 1.5 lakh in a financial year. Also, in this scheme it is necessary to invest a minimum of Rs 500 in a financial year. Apart from this, people can avail tax benefits under Section 80C of the Income Tax Act through this scheme.

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The government changed the tax rules 

The new financial year has started from 1st April. The government has changed many rules related to tax for the new financial year. According to the rules, if you choose the new tax regime, then you can get many benefits. Your tax can be zero under the new rules. According to the new tax regime, no tax is to be paid on income up to Rs 7 lakh. If your annual income is Rs 7 lakh, then you do not have to pay any tax.

Can take advantage of standard deduction 

On February 1, Finance Minister Nirmala Sitharaman had announced to give the benefit of standard deduction in the new income tax regime. Its purpose is to attract taxpayers towards the new tax regime. The government wants more and more taxpayers to use the new tax system instead of the old tax system. Now even in the new tax regime, salary class and pensioners will get the benefit of standard deduction of Rs 50,000.

Will get benefit here too 

Employed people whose annual income is Rs 15.5 lakh or more will get a standard deduction of Rs 52,500 annually in the new tax regime. Earlier, no standard deduction was available in the new tax regime. Only people employed in the old tax regime used to get the benefit of standard deduction, but it will be available in the new tax regime as well.

Government increased leave encashment exemption

Private sector employees used to get Rs 3 lakh exemption under leave encashment but now it has been increased to Rs 25 lakh.

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There are 15 lakh employees in the state including regular, contractual, permanent employees and all other cadres. Complaints were coming especially from the districts that salaries are being given on the 5th to the 10th. In the election year, the government took this complaint seriously and gave instructions to the divisional commissioners and collectors.

Guest teachers will be posted in CM Rise schools as well-

There is shortage of teachers in CM Rise schools of the state. This is the reason why guest teachers will be appointed in these schools also. The Tribal Affairs Department has issued instructions in this regard. There is a provision to appoint guest teachers through the Guest Teacher Management System (GFMS).

The department has formed a committee under the supervision of departmental district convenors, wherever there is a problem in the recruitment process through the portal, which will complete the recruitment process. These are the same schools which claim to provide world class facilities.

The posts of more than 50 thousand teachers are vacant in the schools run by the School Education and Tribal Affairs Department. Both the departments also run CM Rise Schools. In which the posts of teachers are not being filled.

Madhya Pradesh announces 4% hike in Dearness Allowance (DA) for state employees-

The Madhya Pradesh government has decided to increase the Dearness Allowance (DA) of state government employees by 4 per cent, which will bring it at par with the DA proposed by the central government. CM Shivraj Singh Chouhan announced to increase DA for state government employees.

The decision to increase the dearness allowance is being seen in connection with the assembly elections to be held in the state at the end of the year. The MP government had also announced to increase the DA for state government employees after the cabinet meeting on March 15. MP Home Minister Narottam Mishra had told that the allowance has been increased with retrospective effect from January 1, 2023.

Decision to give benefit of third time scale pay scale –

The Chief Minister of Madhya Pradesh informed that his government had also decided to give benefit of third time scale pay scale (third time scale pay scale) to the state government employees who completed 30 years of service in 2014. He further said that the state government has also decided that all those who have completed 35 years of service by July 1, 2023, will also be given the benefit of the fourth time scale pay scale.

Dearness Allowance/Dearness Relief Increase –

The order states that due to this DA hike, the arrears of Dearness Allowance from January to June will be paid in three installments. The CM said that under the sixth pay scale, all the employees of Madhya Pradesh state government would also see a proportionate increase in their dearness allowance.

In the video message, the CM said-

Our government has always been an employee friendly government. We have taken several revolutionary decisions in the interest of the employees. Recently, I had announced that we will give dearness allowance at par with that of the Center to the state employees, in the same sequence, we have decided to give 42% dearness allowance at par with that of the Center from January itself. From January to June 2023, the arrears of dearness allowance will be given in 3 equal installments.

All those employees who are getting the sixth pay scale, their dearness allowance will also be increased proportionately. We had also decided in 2014 to give 3rd time scale pay scale to our employees who have completed 30 years of service. Now we have also decided that all those who have completed 35 years of service by July 1, 2023, will be given the fourth time scale pay scale.

Electoral equations also dominate –

Elections will be held for 230 assembly seats in Madhya Pradesh by the end of the year. In the 2018 assembly elections, the Congress emerged as the single largest party with 114 seats and formed the government in the state, while the BJP came second with 109 seats. However, the Kamal Nath-led Congress government fell in March 2020 following a rebellion by MLAs loyal to Jyotiraditya Scindia. Scindia and his supporters later joined the BJP, bringing the saffron party back to its stronghold once again.

These states have announced-

The Odisha government also announced a 4 percent increase in DA for its 7.5 lakh employees and pensioners with retrospective effect from January 23. The DA for Odisha government employees has now been increased to 42 per cent and will be reflected in the June salary. Last month, the Congress-led government in Karnataka also increased the DA for its employees by 4 per cent with retrospective effect from January 1, 2023. DA in Karnataka has been increased from 31 percent to 35 percent.

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After the new prices, 500 ml beer has become costlier by Rs 20. Whereas, about 320 rupees have been increased on one liter bottle of some brands. After the new prices, 100 Pipers Blended Scotch Whiskey which was earlier sold for Rs 460 will now be available for Rs 520.

Tamil Nadu Liquor Corporation Tasmac has increased the retail prices of foreign liquor and beer imported from other states. Beer shows an increase in the revised MRP list, reports TOI. An increase of Rs 10 has been made for 330 ml and Rs 20 for 500 ml. Whereas, the prices of Vodka, Whisky, Gin and Rum have been increased significantly.

As per the new prices of vodka, whisky, gin and rum, there has been an increase of Rs 240 for 700 and 750 ml bottles. Rs 320 has been increased for one liter bottles. The MRP list shows more than 500 varieties and brands of imported liquor. Imported liquor is sold exclusively at specialized stores.

Apart from imported liquor, Liquor Corporation has also increased the prices of various types of liquor purchased from other states. Whereas, 18 varieties of liquor have become costlier by Rs 320. Sources reveal that only three of these varieties are available at all retail shops. For example, 100 Pipers Blended Scotch Whisky, which was earlier sold for Rs 460 per 180 ml, will now retail for Rs 520. Similarly, the price of Globus wine has increased from Rs 140 to Rs 170 per 180 ml.

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After extending the deadline for filing returns twice in a row, the government is not planning to extend this deadline any more. Last time too, the government did not extend the deadline for filing returns.

According to Revenue Secretary Sanjay Malhotra, the Finance Ministry is not considering extending the July 31 deadline for filing Income Tax Return (ITR). He also asked the income tax payers to file returns at the earliest. Malhotra said that we expect more returns to be filed this year compared to last year. About 5.83 crore income tax returns were filed till July 31 last year.

More than 2.5 crore ITR filed

According to the dashboard available on the Income Tax Department’s e-filing portal, so far 11,30,85,146 individual users have registered themselves on the portal. At the same time, 2,61,07,869 income tax returns have been filed so far. Out of these, about 2,40,69,116 returns have been verified. Of the total returns filed by the Income Tax Department so far, 1,12,91,905 returns have been processed.

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Now recently an announcement was made by the Government of Madhya Pradesh for the benefit of the people. Lakhs of people of the state have got relief from this. In fact, Madhya Pradesh Chief Minister Shivraj Singh Chouhan had announced that contractual employees in the state would get the same benefits as permanent government employees. This includes job regularization, pension, equal pay, gratuity, health insurance and leave facilities.

Announcement of MP government

The announcement comes after years of protests by contract workers. About 1.5 lakh contractual employees in Madhya Pradesh will get the same benefits as permanent government employees and will be exempted from the process of annual contract renewal, Chief Minister Shivraj Singh Chouhan announced recently.

Equal Pay

Chauhan made several announcements in favor of contract workers, who have been protesting for the last three years for regularization of jobs. CM Chouhan said, “Fifty percent posts will be reserved for contract employees in the recruitment. They will get salary at par with regular employees, gratuity will be provided during retirement. They will get health insurance, they will also get all leave facilities including maternity leave.

National Pension Scheme

The Chief Minister said that the contract employees would now be given the benefit of the National Pension Scheme (NPS) and would be offered health insurance like regular government employees. Apart from this, in case of death of an employee, children of contract employees will be eligible for employment on compassionate grounds.

Were already demanding

Tell that for the last three years, the contract workers were demanding to regularize the jobs and give equal benefits to the employees of the state government. Speaking at a convention of contract employees in Bhopal, CM Chouhan made several announcements including pension, health insurance and gratuity benefits.

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After the increase in HRA, the salary received by the government employees will increase. HRA is given on the basis of the city in which the government employees work. House Rent Allowance is for salary class employees who live in a rented house. Employees are divided into three categories depending on the need and city of the house.

HRA is divided into 3 categories

House Rent Allowance is divided into 3 categories. These categories are X, Y and Z.

(i) Areas with a population of 50 lakhs and above come in the ‘X’ category. Employees falling in this category are given HRA 24 percent as per the recommendation of the Central Pay Commission (CPC) under the 7th Pay Commission.

(ii) ‘Y’ stands for area with population between 5 lakh to 50 lakh. The employees living here are given HRA of 16% of the basic salary.

(iii) Those employees come under ‘Z’ category where the population is less than 5 lakhs. Here HRA is given at 8%.

HRA can be increased to this much

Now employees can get HRA increased to 27% for X category, 18% for Y category and 9% for Z category. On the other hand, when the dearness allowance reaches above 50 per cent, the HRA will increase to 30 per cent, 20 per cent and 10 per cent respectively.

When HRA can be revised

The Modi government may soon increase the HRA as well. For this notification has already been issued by the government. At present, the DA received by the employees is currently 42 per cent. Dearness allowance is to be increased once again in July. It is believed that now it can increase to 46 percent.

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Meanwhile, the Directorate of Higher Education has demanded expenditure burden from all the universities under the old pension scheme. Apart from this, the Directorate of Higher Education has also demanded that how many officials, teachers and employees have been allotted Permanent Retirement Account Number (PRAN) in the university so far.

Along with this, deduction has been made from his salary under the contributory scheme. In the light of the Directorate’s letter, except Ranchi University, almost all the universities have made available the expenditure and other desired information. The directorate has again sought detailed information from Ranchi University. So that further action can be taken.

The Government has not withdrawn the said letter :

In the case of the university, the letter sent by the state government regarding the new pension scheme in the year 2020-21 has not been withdrawn yet. The Directorate of Higher Education will have to cancel the said letter first. After this the old pension scheme (before 2004) can be implemented.

Technical problem in the case of teachers, employees and officials appointed after 2004
In the State University, there is a technical problem in the case of teachers appointed after 2004, office bearers and employees appointed on compassionate grounds, including about seven hundred and fifty teachers of 2008 batch appointed from JPSC. The reason for this is that the state government has sent letters to all universities in the year 2020-21 informing them that the university employees appointed after 2004 are in the new pension scheme.

After receiving the letter from the government, the teachers, office bearers and employees appointed on compassionate grounds protested saying that the appointment took place after 2004, so why is the information about the implementation of the new pension scheme and reduction in the university being given in the year 2020-21. . Later, the teachers approached the Jharkhand High Court regarding this.

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Giving great relief to the people, the Central Government has now abolished the need for Aadhaar number in registration for Birth and Death Certificate. Earlier, an order was issued not to give certificate without Aadhaar card, which has been changed. On behalf of the government, the Registrar General (RGI) office has been allowed to do Aadhaar Authentication during birth and death registration in the country, but Aadhaar has not been made mandatory for such registration.

According to a notification issued on Tuesday, June 27, 2023, the Ministry of Electronics and Information Technology (MEiTY) has permitted RGIs to use the Aadhaar database for identity verification in the birth and death registration process, according to reports . given.

However, it added that the registrar appointed under the Registration of Births and Deaths Act, 1969 will be given the option of Yes or No on a voluntary basis for verification of the Aadhaar number being collected along with other details sought in the reporting form. That is, now you will be able to do this work easily even without Aadhaar card.

Guidelines will have to be followed

The notification states that the State Governments and Union Territories will follow the guidelines set by the Ministry of Electronics and Information Technology regarding the use of administrative Aadhaar verification. As per the norms, state governments intending to use Aadhaar verification in this regard will prepare a proposal to justify it and place it before the central government with reference to the Unique Identification Authority of India (UIDAI).

Let us tell you that in 2020, those rules were notified by the Ministry of IT, in which it was said that the central government should request the institutions for good governance, to prevent wastage of public money and to promote ease of life, for Aadhaar verification or certification. can approve.

Identification is necessary on the birth of a new child

According to the guidelines issued by the government, it is necessary to give the identity of the parents and the informer in the case of the birth of a new child. This arrangement on behalf of the Center is for the purpose of establishing the identity of the parents of the child and the informant at the time of birth in case of birth or death, while the identity of the parent, spouse and informant in case of death. implemented for the purpose of establishing

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The Central Government has now approved an increase in the salary of some more employees (Salary Hike of Employees). Giving information, the ministry said that the wage revision agreement with trade unions for non-executive employees of Coal India Limited has been approved. Now these employees will get the benefits of Basic, VDA, Special Dearness Allowance and Bonus etc. in their salary. Apart from this, there will be an increase of 25 percent in the allowance.

In a note sent to Coal India, the ministry said that approval has been given for NCWA-XI of Coal India Limited, Singareni Collieries Company Limited and trade union representatives. This deal will benefit about 2.81 lakh employees of CIL and SCCL, who were working with the company on 1 July 2021.

The deal was done in May

The agreement was signed in May on behalf of Joint Bilateral Committee for Coal Industry (JBCCI)-XI, consisting of CIL Management, Singareni Collieries Company Limited (SCCL), five Central Trade Unions – BMS, HMS, AITUC, CITU, Mine Workers Federation (INMF) and representatives of the Indian National.

how much increase provision

CIL has made a provision of Rs 9,252.24 crore for a period of 21 months with effect from July 1, 2021 to March 31, 2023. Due to increase in provision for salary, the company’s net profit has decreased by 18 percent to Rs 5,528 crore in the fourth quarter of FY 2023.

19 percent increase in salary

After this approval from the Ministry of Coal, now apart from dearness allowance, basic salary and others will increase. The total increase can be up to 19 percent. This increase is for a total of 21 months from July 2021 to March 2023.

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Now a new update has come on this. Labor Minister Bhupendra Yadav told CNBC Awaaz that the proposal to increase the interest rates on EPF for the year 2022-23 has been sent to the Finance Ministry. He further told that we are waiting for the green signal from the Ministry of Finance as soon as the approval is done.

If you do a job, then some part of your salary would also go to the Employees Provident Fund Organization (EPFO). 12% of your basic salary and DA goes to EPF and the same amount is also deposited by your company.

The Labor Minister says that 30 crore unorganized sector people have been registered on the e-Labour portal. This has become possible because of Jan Dhan Aadhaar and mobile revolution. In the last 9 years, there was an increase in employment of around 1.25 crore. Ensuring social security for the working class is a priority. Along with giving security to women at the working place, many facilities and benefits were given.

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If you are also troubled by paying more electricity bill every month, then now there is good news for you. Now such a step has been taken by the government, after which your electricity bill will be reduced considerably. Yes… You do not need to take tension at all. The government is going to implement the rule of ‘time of day’ (TOD) to fix electricity rates. If this happens, electricity consumers across the country will be able to save up to 20 percent in their electricity bills by managing electricity consumption during solar hours (day time).

New rule will apply

Explain that under the new rule TOD, different rates of electricity will be applicable for different times of the day. With the implementation of this system, customers will be able to avoid high electricity consumption tasks like washing clothes and cooking during peak hours.

In this way,

consumers will be able to reduce their electricity bill by doing tasks like washing clothes or cooking in normal working hours under the new system. ToD fee system will be applicable from April 1, 2024 for commercial and industrial consumers with demand of 10 kW and above. This rule will be applicable from April 1, 2025 for all other consumers except agriculture. However, for consumers with smart meters, the TOD system will be applicable only when they get such meters installed.

The Ministry of Power has given information The Ministry of Power has said in a statement on Friday that the Government of India has made two changes in the existing electricity tariff system by amending the Electricity (Consumer Rights) Rules, 2020. These changes pertain to introduction of Time of Day (TOD) tariff system and rationalization of provisions related to smart meters.

Time-Variable Electricity Price Accordingly

, instead of being charged for electricity at the same rate throughout the day, the price paid by the user for electricity will vary at different times of the day . According to the statement, under the new tariff system, the rate of electricity in solar hours (eight hours fixed by the State Electricity Regulatory Commission) will be 10 to 20 percent less than the normal rate, while it will be 10 to 20 percent during peak hours. Will be more

Union Minister said that everyone will be benefited

Union Minister for Power and New and Renewable Energy RK Singh believes that the TOD system will definitely benefit consumers and electricity providers.

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There is good news for those living in rented houses. Because the government has formed a committee to waive the stamp duty on the rent agreement. Let us tell you that earlier the Uttar Pradesh government has also given this facility to the people of its state. However, this discount will be available only to those people whose fare is up to Rs.10,000. That is, the renters above 10 thousand will not get the benefit of this exemption. Sources claim that very soon the government is going to make an announcement regarding the rent agreement.

In fact, in the Urban Premises Tenancy Regulation Ordinance-2021 

it was made mandatory to make an agreement for giving and taking houses on rent. In which the government is talking about making some amendments. However, no official statement from the government has yet come on this. Let us tell you that many people do not even get the rent agreement done because of the fee. Keeping all these things in mind, the government is going to make a rule that those with less than 10,000 rent need not pay any stamp duty.

They will not get exemption

According to the rules, after the lapse of one year, the proposed exemption will be given again on the agreement for one year. At the same time, there will be no provision of exemption on big buildings, commercial buildings. It is being told that first few states will follow it. After this, there is a possibility of implementing it in the whole country. Adequate security provisions have been made in the Tenancy Act to protect the interests of the building owner and the tenants. Because nowadays the cases of possession of houses have increased. That’s why the rent agreement is very important for both the buyer and the seller.

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There is big news for pensioners. If you are also taking advantage of NPS, then now it has been decided by the government to change its rules. National Pension System is a kind of investment plan. Under this scheme, the account holders get the benefit of lump sum amount and pension every month after retirement.

PFRDA gave information

Let us tell you that there is no provision for withdrawal before retirement in NPS, but you can withdraw money under certain rules. Information about this has been given by PFRDA. PFRDA has changed some new rules regarding partial withdrawal from NPS this year.
Nodal officer will have to apply
After January 1, 2023, for partial withdrawal, you will have to apply to the concerned nodal officer. Apart from this, you can apply online also. Only NPS account holders, Central, State and Central Autonomous Bodies are getting the benefit of this facility.

What did the chairman of PFRDA say?

Giving information, PFRDA Chairman Deepak Mohanty has told that many people have requested why we cannot continue with the fund. Why should I take annuity when my money is giving me good returns? I would like to withdraw my money on monthly or quarterly basis. Right now we cannot provide such an option. In such a situation, we are considering such a product.

At present, National Pension Scheme (NPS) members withdraw up to 60 per cent of the retirement corpus as a lump sum after the age of 60, while the remaining 40 per cent of the corpus is compulsorily ‘annuity’ (fixed amount paid every year) goes in. Whereas a systematic withdrawal plan will allow NPS members to opt for periodic withdrawals till the age of 75 years. Subscribers can opt for monthly, quarterly, half-yearly and yearly withdrawals.

Withdrawal process will be completed in just 2 days

According to the circular issued by PFRDA, the time limit for withdrawal from NPS has been reduced from T4 to T2. That is, now instead of 4 days, the process of withdrawal will be completed in just 2 days.

What is the specialty of this scheme-

>> If you go to withdraw money from NPS account, then you can withdraw only three times.
>> Let us tell you that you can withdraw only 25 percent of the total contribution.
>> Partial withdrawal can be made from National Pension System for higher education of children, marriage of children, purchase and construction of flat, serious illness.

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If you yourself are a government employee or someone in your family works in a government department, then this news is useful. Yes, a big announcement has been made by the Haryana government for the employees and pensioners. The government has increased Dearness Allowance and Dearness Relief by nine percent in one go. In the notification issued by the Finance Department, DA / DR (DA / DR) has increased from 212 percent to 221 percent.

Benefit of increased DA / DR from January

According to the information given in the notification, the benefit of increased DA will be given to the employees and pensioners from January. That is, along with the salary and pension of June coming in July, the arrears of 5 months will also be paid to the employees. Let us tell you that the Seventh Pay Commission is applicable for government employees in Haryana. At the same time, some state employees are still getting salary under the Sixth Pay Commission. This decision will be applicable to the employees drawing salary according to the Sixth Pay Commission.

Let us tell you the benefits of 2.85 lakh employees.

Earlier in the month of May, the state government had announced to increase DA and DR by 4 percent under the Seventh Pay Commission. After this announcement, according to the Seventh Pay Commission, the DA of the salary earners had increased to 42 percent. The government had given this benefit to the employees from the month of January. With this announcement, the salary of 2 lakh 85 thousand employees was increased. At the same time, 2 lakh 65 thousand pensioners were also benefited from this.

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The government has decided to privatize many banks and companies, on which work is going on fast. Presently government employees are opposing it.

All banks except SBI can be private

At the same time, two leading economists of the country say that the government should hand over all government banks except State Bank of India to private hands. Apart from this, NITI Aayog has told that 6 government banks of the country will not be privatised.

NITI Aayog had released the list

In the list issued by NITI Aayog, it has been told that the government will not privatize Punjab National Bank, Union Bank, Canara Bank, SBI, Bank of Baroda and Indian Bank. The government has told that these 6 banks will not be privatised. According to the information received from the government official, all those who were part of the government bank consolidation have been kept out of privatization.

The merger of banks took place in August 2019.

Let us tell you that in August 2019, 4 out of 10 banks were merged by the government, after which the number of public sector banks in the country has come down from 27 to 12. At present, there is no planning regarding the privatization of these banks. Giving opinion, the Finance Ministry has said that all these banks should be kept out of privatization.

The Finance Minister had announced that the Finance Minister had announced in last year’s budget that IDBI Bank would be privatised. The government has made a plan to sell its stake in this bank. The process has moved forward regarding this. Despite the continuous protest, the government has already cleared its stand regarding privatization. Along with this, the Finance Minister had also said that it will be sold to an insurance company.

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However, the movement of employee unions and many organizations is also moving forward. Preparations are going on for the nationwide movement. Just a few days ago, there was a lot of ruckus in Bengal too regarding this. According to the government machinery, there is currently no proposal on the 8th Pay Commission. Union Minister of State for Finance has also mentioned this in the Parliament.

But, the sources of the government departments tell that the time has not yet come for the formation of the Pay Commission. Its deadline will start in the year 2024. After the general elections of 2024, when the new government is formed, a decision will be taken on this.

As per earlier reports, an announcement regarding the 8th Pay Commission implementation plan was to be made during the Union Budget 2023. However, no such announcement was made.

Now the latest reports have again raised the hopes of the government employees regarding the 8th Pay Commission. Generally, the pay commission rules for government employees are changed every 10 years. This pattern was seen in the implementation of 5th, 6th and 7th Pay Commissions.

When will the 8th Pay Commission be implemented?

Even though there is no official announcement on the 8th Pay Commission, recent reports have claimed that the Center may start working on it and announce it in 2024. DNA report claims Center may announce 8th Pay Commission before Lok Sabha 2024 Lok Sabha elections will give massive pre-poll boost to lakhs of government employees. However, after the election results are declared and the new government is formed, the talks in this regard will reach a serious level

However, if these reports are true, then the 8th Pay Commission can be made in place of 7th Pay Commission by the end of 2024. If implemented, the recommendations could be implemented till 2026. After its implementation, the 8th Pay Commission will give huge increments to government employees from the lowest to the highest levels in the pay scale.

4% DA Hike Soon

The central government employees are now waiting for the DA hike to be announced and a finance ministry official said that there could be a 4 per cent hike in DA by next week as the paperwork is still underway.

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Recently, on behalf of the Ashok Gehlot government of Rajasthan, it was announced to give LPG cylinder for Rs.500 to the beneficiaries of ‘PM Ujjwala Yojana’. The government implemented this scheme from the new financial year i.e. 1st April. For this, the Indira Gandhi Gas Cylinder Subsidy Scheme is being run by the state government. In this, gas cylinders are being made available to the beneficiaries by the government for just Rs.500.

14 lakh beneficiaries got money

Chief Minister Ashok Gehlot inaugurated the first phase of ‘Indira Gandhi Gas Cylinder Subsidy Scheme’ in the beneficiary festival program. Under this, the CM has transferred Rs 60 crore to the bank accounts of 14 lakh beneficiaries. Under the scheme, 12 cylinders will be given at the rate of Rs 500 in a year. After this, the beneficiary will have to pay the normal price to get the cylinder. On this occasion, the Chief Minister said, see – he did what he said, fulfilled his promise.

Fulfilling the promise of Rs 500 per cylinder,

Ashok Gehlot launched the Indira Gandhi Gas Cylinder Subsidy Scheme at the Beneficiary Festival keeping the promise of giving the cheapest cylinder in the country at Rs 500. He transferred the subsidy amount to the accounts of 14 lakh LPG consumers within a few seconds by pressing a button written on his Twitter handle.
He said that our aim is to provide benefits to 76 lakh needy families.

The scheme started from April 1, 2023, let us tell you that the Rajasthan government has promised to provide gas cylinders to the beneficiaries of Ujjwala Yojana for Rs.500. This scheme has been started by the government from 1 April 2023. If you are a resident of Rajasthan and the subsidy money did not come in your account, then tell you that it is necessary to link the account with Aadhaar, the subsidy amount will come directly to your bank account.

You have to pay the full price of the cylinder at the time of booking and delivery of the cylinder. Later, the government will return the subsidy money to all the beneficiaries in one go, according to whatever money is more than Rs 500 per cylinder. You can understand it in such a way that if the price of a gas cylinder is Rs 1103, then you will pay the full amount to the delivery company. But the state government will refund the amount above Rs.500 i.e. Rs.603 to you as subsidy. This money will come to your Aadhaar linked bank account.

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The government has decided to privatize many banks and companies, on which work is going on fast. Presently government employees are opposing it.

All banks except SBI can be private

At the same time, two leading economists of the country say that the government should hand over all government banks except State Bank of India to private hands. Apart from this, NITI Aayog has told that 6 government banks of the country will not be privatised.

NITI Aayog had released the list

In the list issued by NITI Aayog, it has been told that the government will not privatize Punjab National Bank, Union Bank, Canara Bank, SBI, Bank of Baroda and Indian Bank. The government has told that these 6 banks will not be privatised. According to the information received from the government official, all those who were part of the government bank consolidation have been kept out of privatization.

The merger of banks took place in August 2019.

Let us tell you that in August 2019, 4 out of 10 banks were merged by the government, after which the number of public sector banks in the country has come down from 27 to 12. At present, there is no planning regarding the privatization of these banks. Giving opinion, the Finance Ministry has said that all these banks should be kept out of privatization.

The Finance Minister had announced that the Finance Minister had announced in last year’s budget that IDBI Bank would be privatised. The government has made a plan to sell its stake in this bank. The process has moved forward regarding this. Despite the continuous protest, the government has already cleared its stand regarding privatization. Along with this, the Finance Minister had also said that it will be sold to an insurance company.

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The government has decided to privatize many banks and companies, on which work is going on fast. Presently government employees are opposing it.

All banks except SBI can be private

At the same time, two leading economists of the country say that the government should hand over all government banks except State Bank of India to private hands. Apart from this, NITI Aayog has told that 6 government banks of the country will not be privatised.

NITI Aayog had released the list

In the list issued by NITI Aayog, it has been told that the government will not privatize Punjab National Bank, Union Bank, Canara Bank, SBI, Bank of Baroda and Indian Bank. The government has told that these 6 banks will not be privatised. According to the information received from the government official, all those who were part of the government bank consolidation have been kept out of privatization.

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The merger of banks took place in August 2019.

Let us tell you that in August 2019, 4 out of 10 banks were merged by the government, after which the number of public sector banks in the country has come down from 27 to 12. At present, there is no planning regarding the privatization of these banks. Giving opinion, the Finance Ministry has said that all these banks should be kept out of privatization.

The Finance Minister had announced that the Finance Minister had announced in last year’s budget that IDBI Bank would be privatised. The government has made a plan to sell its stake in this bank. The process has moved forward regarding this. Despite the continuous protest, the government has already cleared its stand regarding privatization. Along with this, the Finance Minister had also said that it will be sold to an insurance company.

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Toll collection in India is making records every day. According to the data released by NHI on Tuesday, toll collection from Fastag has reached a record level of Rs 193.15 crore on 29 April. A transaction of Rs 1.16 crore has taken place in just one day.

NHAI said in the statement that the government had made FASTag mandatory in 2021 in February. After that, toll plazas under the Fastag program increased from 770 to 1,228. This includes 339 state toll plazas. In this ‘Fastag Radio-Frequency Identification’ (RFID) technology is used.

Payment is done digitally

Due to this, the users do not have to stop at the toll plaza and they move forward after paying the toll in a few seconds. Due to this, the problem of jam on toll plaza and national highway has also been solved. The payment is done digitally through FASTag linked to the bank wallet. With the introduction of this process, toll collection by slip has ended at most places.

NHI has simplified the toll collection process

NHAI said that after effective use in toll collection, FASTag has facilitated payment in more than 140 parking lots in more than 50 cities of the country. NHAI also said that it is trying to finalize the works for implementing Global Navigation Satellite System (GNSS) based system for more smooth toll system in the country.

Let us tell you that the toll collection from Fastag is reaching a record level every day. The government is collecting good money in the interest of the country from the toll collection being done in crores.

Related Article

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From April 1, 2023, the new investment made in this scheme will get an interest rate of 7.4% per annum. The interest rate has been increased by 0.30% which was earlier 7.1%.

The Finance Ministry has increased the investment limit in the Post Office Monthly Income Scheme (POMIS). According to the notification issued by the Ministry of Finance on March 31, 2023, a person can now invest a maximum of Rs 9 lakh in a single account of POMIS and Rs 15 lakh in a joint account. Earlier the time limit for investment in single and joint accounts was Rs 4.5 lakh and Rs 9 lakh respectively. The increase in investment limit under PO MIS was announced in Budget 2023.

This scheme is used as a way of safe investment of monthly income. Senior citizens can also invest in this scheme to get higher monthly interest.

Does it quarterly. The government has announced a hike in the interest rate for the April to June 2023 quarter. From April 1, 2023, the new investment made in this scheme will get an interest rate of 7.4% per annum. The interest rate has been increased by 0.30% which was earlier 7.1%.

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In this sequence, the government has fixed the minimum age of admission in class one in the state at six years. Detailed guidelines have been issued for this. In this session 2023-24, some relief has been given regarding this, but from next year it will be strictly taken.

In the instructions issued by the government, it has been said that the minimum age for admission in class one is fixed at six years. At present, students who have taken admission in class one and their age is between five to six years will be allowed to study in class one. In the enrollment after the issue of this order, it will be ensured that only those children are enrolled in class one who are completing six years of age by July 31.

Additional Chief Secretary, Basic Education Department, Deepak Kumar has said that children currently studying in pre-school (Nursery, LKG, UKG) who will be less than six years old at the time of admission in class one, will also be enrolled in class one. Admission will be given, so that their studies are not affected. But, from next year this system will be mandatory for schools in pre-school. They have to fix the minimum age in such a way that no child can take admission in Class I below the age of six years. The same arrangement will be applicable for Anganwadi centers as well.

In this regard, Director General School Education Vijay Kiran Anand has issued a letter to all BSAs asking them to ensure compliance of this order. Please tell that in the new session 2023-24, admission enrollment in class one has started from April 1. This is the reason why this order has not been made binding in the new session.

They will also get relief

The Additional Chief Secretary has clarified that such children who are completing six years of age between April 1 and July 31 in the concerned academic session (for which admission process is going on), but can be given admission in April at the beginning of the session . They will be given relaxation in the period they complete six years in the meantime. The reason, the admission process for the new session starts from April 1 itself.

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Now the State Government has extended the duration of another scheme. The Rajasthan government has decided to extend the term of its ambitious Indira Gandhi Urban Credit Card scheme till the end of this financial year. Along with this, the age limit for applying in the scheme has also been increased to 60 years.

Deadline extended till 31 March 2024

According to an official statement, Chief Minister Ashok Gehlot launched the scheme with the aim of connecting urban street vendors and service sector youth and unemployed with self-employment and providing interest-free loans for their daily needs. It has been decided to extend the period of Indira Gandhi Urban Credit Card Scheme till March 31, 2024.

Extended age limit for application

According to the government order, the period of Indira Gandhi Urban Credit Card Scheme has been extended till March 31, 2024. Earlier, the duration of this scheme was till 31 March 2023. Along with this, the age limit for applying in the scheme has been increased from 40 years to 60 years, so that needy people above 40 years of age in urban areas will also be able to get the benefit of this scheme.

Get interest free loan up to Rs 50,000

It is noteworthy that Indira Gandhi Urban Credit Card Scheme was launched in the year 2021. Under this scheme, interest free loan up to Rs.50 thousand is made available. The aim of the scheme is to provide economic support to unemployed youths and unemployed youths who earn their livelihood by working as street vendors, rickshaw pullers, potters, tailors, washermen, mechanics, painters etc. without any guarantee for livelihood and self-employment. To provide loan facility of small amount.

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Taxpayers are required to file ITR within the stipulated time limit to avoid any kind of penalty. According to the website of the Income Tax Department, a penalty of up to Rs 5000 is imposed for late ITR filing. Let us know about the benefits of filing ITR before July 31-

If you have not filed ITR till the last date, then according to the rules, you may have to pay a fine of up to Rs 10,000. Apart from this, you may also have to pay interest on the tax due on delay in ITR filing.

If you file income tax returns continuously, then any government or private bank gets ready to give you loan easily. ITR is an important document for any type of loan approval.

Sections 70 and 71 of the Income Tax Act 1961 contain certain provisions for carry forward of loss of a particular year to the next year. This means that you can carry forward your loss to the next assessment year.

The government allows you some deductions when you file ITR. This helps in reducing the burden on taxpayers. This motivates more and more people to file ITR.

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However, this decision is taken at an interval of 6 months. That is, there is still time in this, but it is expected that according to the CPI-IW index, the next increase in DA can be up to three percent. After this, the dearness allowance of the employees may increase from 42 per cent to 45 per cent.

Dearness allowance increases twice a year

The central government has increased the dearness allowance of central employees from 38 percent to 42 percent in March 2023 itself. Along with this, it has been implemented from January 2023. Now the next hike will be announced in July 2023. Let us tell you that dearness allowance is an important part of the salary of government employees and pensioners.

Its purpose is to reduce the effect of inflation. According to the Seventh Pay Commission, the Central Government revises DA twice every year in January and July. In such a situation, after the implementation of the increased DA from January 2023, the eyes are on the next DA Hike.

However, in view of the delay in the past, the government normally gives its approval in September or October. But this time it is expected that the center can take a decision on DA Hike soon. It is expected to be announced in August itself.

The increase is decided on this basis

According to the 7th Pay Commission, the revision of dearness allowance done twice every year is completely according to the half-yearly CPI-IW index. The figures of AICPI-IW that will come out from January 2023 to June 2023 will decide the direction of the next increase in DA of central employees. Talking about the present, in February 2023, the index figure was reduced from 132.8 to 132.7. Now its new data i.e. March 2023 data will be revealed on 28 April. According to reports, an increase can be seen in this. After adding the figures of April-May and June after March, the DA Hike to be held in July will be estimated.

3-4% DA hike can be gifted

According to the expectation being expressed in the reports by quoting experts, the next increase in DA/DR can be done by 3 to 4 percent. If the estimated increase is made by the government, then the dearness allowance of central employees will increase to 45-46 percent. About 47.58 lakh central government employees and 69.76 lakh pensioners will benefit from this decision and a bumper increase in their salary can be seen.

DA is a part of the salary structure

DA is a part of the salary structure of government employees. In view of the inflation rate, the central government increases the DA of the employees. Higher the inflation, higher is the increase in DA. The Labor Bureau calculates dearness allowance and dearness relief for employees and pensioners.

Preparation to introduce a new formula for DA calculation

However, the next DA Hike is still being speculated. Its exact indication will be available after the AICPI-IW figures are revealed on 28 April. After the recent hike in DA/DR of central employees and pensioners, the government is now preparing to introduce a new formula for DA calculation. If reports are to be believed, there may be a change in the existing formula for DA calculation in July this year.

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You will be at loss if there is a delay in taking ration. At present, it is the rule that whenever the card holder got the time, he used to go to the Kotedar’s shop and get ration. But doing so now can cause harm. The government has changed the method of distribution of ration and the timing of opening of ration shops.

15 crore ration card users in UP

On the orders of the government, ration distribution is being done on the basis of ‘first come first serve’. That is, along with rice and wheat, millet will also be given free of cost to the first comer. In case of delay, only rice and wheat will be given to the cardholder. There are about 15 crore ration card users in Uttar Pradesh. The new rule will be effective for all of them. PHH and Antyodaya card holders are registered in the state. They are provided ration sometimes free of cost and sometimes at a cheap price by the government.

Ration will be distributed from 13 to 24 April

At present, free ration is being distributed to the card holders by the government. Ration distribution has now started in April. Ration will be distributed from 13 to 24 April under the new ration distribution of the government. Ration distribution will be given free of cost on the basis of ‘first come, first served’. In this, Antyodaya card holders will be given 14 kg wheat, 20 kg rice and one kg market. PHH people will get 2 kg wheat, 2 kg rice and 1 kg bajra. The quantity of rice will be increased when the market is over.

A change has also been made in the time of distribution of ration by the government. Now the ration shop will have to be opened from 6 am to 9 pm. With this everyone will be able to take ration comfortably. After this change, the daily wage earners of poor sections will get relief. Apart from this, there is also a provision from the government to get millet to the first comers. From now on, ration will be distributed every month between 13th to 24th.

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Best option for long term

PPF Scheme is the best option to invest money according to long term. You can invest up to Rs 1.5 lakh in it every year. In this you get the facility of compounding interest. Along with this, the ups and downs of the market do not have any effect on such government schemes.

How to get 42 lakh rupees

if you invest 5000 rupees every month in PPF scheme. So your investment for the whole year will be Rs.60,000. If you invest it for 15 years, then your money on maturity will be 16,27,284. If you extend the deposit for the next 10 years in a term of 5-5 years, then after 25 years your fund will be around 42 lakhs (Rs 41,57,566). In this, your contribution will be Rs 15,12,500 and interest income will be Rs 26,45,066.

Where can you open an account?

You can start investing in the Public Provident Fund scheme with a minimum of Rs 500. You can open it from your nearest post office or bank anywhere. From January 1, 2023, the government is giving the benefit of interest at the rate of 7.1 percent in this scheme and the maturity of the PPF scheme is in 15 years.

There is also a chance to increase it in the block.

In this scheme, account holders can apply to increase it in blocks of 5-5 years. In this, he also gets the option of continuing the contribution or not.

You can also apply for loan, you also get the benefit of tax exemption in PPF scheme. In this scheme, you can take advantage of tax exemption under section 80C. The amount earned through interest in this scheme is also tax free. After completion of 5 years in this scheme, you can also apply for a loan.

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After May 2022, the Reserve Bank of India (RBI) has increased the repo rate at frequent intervals. After this increase in the repo rate, many big government and private banks of the country have increased their fixed deposit (FD) rates. These banks include big banks like State Bank of India (SBI) and HDFC Bank. Let us know today about those banks which are giving maximum interest on FD to their customers.

Getting 7.80% interest from here

After this increase in interest rates, SBI is giving 3% to 7.10% interest to its general customers. While HDFC Bank is giving 3% to 7.10% interest to its general customers and ICICI Bank is giving 3% to 7.10% interest to its general customers. Apart from this, Punjab National Bank (PNB) is giving interest of 3.50% to 7.25%, RBL Bank 3.50% to 7.80% and Axis Bank 3.50% to 7.26% to its general customers.

Maximum 8.30% interest is being received

On the other hand, SBI is giving interest of 3.50% to 7.60%, HDFC Bank 3.50% to 7.75% and ICICI Bank 3.50% to 7.60% to its senior citizen customers. On the other hand, Punjab National Bank is giving 4% to 7.75% interest to its senior citizen customers while Axis Bank is giving 3.50% to 8.01% interest to its senior citizen customers and RBL Bank is giving 4% to 8.30% interest to its senior citizen customers.

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On Friday, the government has announced the interest rates for the quarter from April to June 2023. The government has increased the rates of Sukanya Samriddhi Yojana (SSY Interest Rate) for the first quarter of the financial year 2023-24. In this scheme, the interest rate has been increased by 0.40 percent. At this time, 7.6 percent interest rate was available in this scheme. Now it has been increased to 8 percent.

Most popular scheme for daughters

The central government started the Sukanya Samriddhi Yojana under the Beti Padhao, Beti Bachao Yojana. This scheme was launched to improve the future of girl children born in economically weak families. This is a long term savings scheme. In this scheme parents invest in the name of their daughters. This is a government scheme, so there is no risk in it. Guaranteed returns are available in this scheme.

Get exemption in income tax

Income tax exemption is also available for investing in Sukanya Samriddhi Yojana. Under Section 80C of the Income Tax Act, a tax rebate of Rs 1.50 lakh is available on investment in this scheme. This scheme comes with EEE status. That is, in this scheme investment, interest income and maturity amount all three are tax free.

Open an account before the age of 10 years

In Sukanya Samriddhi Yojana, the account is opened before the daughters complete 10 years of age. The account of maximum two daughters of the family can be opened in this scheme. By investing in this scheme, you can create a good fund for the marriage and higher education of the girl child.

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According to media reports, news is coming that the government can start this note again. At the time of demonetisation, the government stopped corruption in the country by closing this currency. In order to remove black money, the government (Modi Government) had decided to discontinue such notes, but now the government is going to start the 1000 rupee note once again.

Note can be issued again

2000 notes disappearing from the market, people had to face a lot of problems at the time of demonetisation. At that time, people had to face the problem of standing in long queues to exchange the notes. Please tell that at this time, 2000 rupee notes are being seen very less in the market.

RBI’s report revealed

that according to the annual report of RBI, as on March 31, 2022, a total of 214.20 crore notes of Rs 2,000 (2000 Rupee note) are in circulation. This is 1.6% of the total notes. If we look at the value, then a total of Rs 4,28,394 crore notes are in circulation. In terms of value, 13.8% notes exist. Even after the presence of such a large number of notes, if you are not seeing them, do not assume that it is closing or has stopped.

Notes were banned in 2016 Let us tell you that on November 8, 2016, Prime Minister Narendra Modi had announced demonetisation in the country. After this, the currency of 500 and 1000 rupees was banned in the country from midnight on the same day. However, after this people were allowed to exchange notes from the bank.

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The Union Ministry of Rural Development has issued a notification regarding the change in wage rates under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA).

This notification was issued under section 6(1) of MNREGA Act 2005. Under this, the wages of laborers have been increased from Rs 7 to Rs 26 and the new rates will be applicable from April 1. After this increase, the highest daily wage in Haryana will be Rs 357 per day and the lowest in Madhya Pradesh and Chhattisgarh will be Rs 221 per day.

Wages increased the most in Rajasthan

It has been said in the notification that the Center can fix the wage rate for its beneficiaries through notification. The highest percentage increase in wages has been made in Rajasthan as compared to the rates of the previous year. The revised pay for Rajasthan has been fixed at Rs 255 per day, which was Rs 231 in 2022-23.

Nearly 8 percent increase in Bihar and Jharkhand

In Bihar and Jharkhand, the wages of laborers under the scheme have been increased by about 8 percent as compared to last year. Last year, the daily wage in these two states was Rs 210, which has now been reduced to Rs 228.

Lowest wage in Chhattisgarh and Madhya Pradesh

The lowest daily wage in Chhattisgarh and Madhya Pradesh is Rs 221. In this, an increase of 17 percent has been registered as compared to the previous year. In 2022-23, the daily wage of laborers in both the states was Rs 204. Karnataka, Goa, Meghalaya and Manipur are the states which registered the lowest percentage growth.

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If you are a senior citizen, then today we have brought such a government scheme for you, from which you will get a hefty pension immediately. In this your principal money remains safe and returns are also available at regular intervals.

The best part is that under this government scheme, both husband and wife together after the age of 60 can avail the guaranteed benefit of pension of Rs 18500 every month. Thek best part is that after 10 years your entire investment will also be returned. Only a few months are left for senior citizens to invest in Pradhan Mantri Vaya Vandana Yojana (PMVVY). SIC operates this scheme.

In the PMVVY scheme, the government provides a subsidized pension scheme for senior citizens aged 60 years and above. Under this scheme, immediate monthly, quarterly, half-yearly or annual pension facility is given to senior citizens. Investors have to pay a lump sum of Rs 15 lakh to take advantage of this scheme.

Deadline is March 31, 2023

Any person who has attained the age of 60 years can invest in this scheme till March 31, 2023. With only a few months left for the PMVVY sale to end, let’s take a look at how much benefits, eligibility and how much pension senior citizens can get by subscribing to this scheme.

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

The duration of this scheme for senior citizens is 10 years. Pension payment under PMVVY can be made on monthly, quarterly, half yearly or yearly basis depending upon the mode chosen by the buyer. The first installment of pension under PMVVY starts after 1 year, 6 months, 3 months or 1 month from the date of purchase of the scheme. For example, if you have opted for monthly mode of pension payment and if you buy the plan now then your pension will start after 1 month.

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

Interest Rate on PMVVY

“For Financial Year 2022-23, the Scheme shall provide an assured pension of 7.40% p.a. payable monthly. This assured rate of pension shall be payable for the full policy term of 10 years for all the policies purchased till 31st March, 2023.”

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

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Even within a month of retirement, you can deposit money in SCSS till the age of 55 to 60 years. Under this scheme, interest is given on a quarterly basis. The government can give great news to those who invest in this scheme. The Central Government may change the interest rates of Senior Citizen Savings Scheme (SCSS) by the end of this month. However, it is being said in some media reports that for this the senior citizen may have to wait a little longer.

If you want to open an account in Senior Citizen Savings Scheme, then you can open this account in Authorized Bank and Post Office. A savings account can be opened under SCSS with as little as Rs 1000. So far the maximum investment limit in SCSS was Rs 15 lakh, which has been increased to Rs 30 lakh in Budget 2023.

Know what experts say

According to Vineet Khandare, CEO and Founder of MyFundBazaar India Private Limited, there is no possibility of further revision in SCSS interest rate. However, it is expected that the government may increase the interest rate on small savings schemes of shorter duration due to rise in G-Sec yields. Although the interest rate of SCSS was revised recently, another revision is not expected.

According to Nirav Karkera, head of research at Fisdom, policy rates have seen a steep rise in the past few quarters, while interest rates offered on Senior Citizens Savings Scheme (SCSS) are also rising at a slower pace.

How much return  investment in the scheme comes under Section 80C of Income Tax, investment up to Rs 1.50 lakh comes under tax exemption and its maturity period is five years. Later the investment of SCSS can be extended for three more years.

In this scheme, a return of Rs 200 is being received every quarter on an investment or deposit of Rs 10,000. That is, during this scheme of five years, you get a total return of Rs 4000. Now if you invest Rs 20,000 in this as per the assumed post-budget rule, you will get a return of Rs 400 every quarter and similarly, for five years your total return will be Rs 8000.

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One such scheme is the National Savings Certificate (NSC), which can fetch you good returns while giving you the benefit of tax savings. This scheme can be bought from any post office across the country.

The government has recently increased the interest rate on NSC from 6.8% to 7% till December 2022. So, if you want to invest your hard earned money in a scheme that gives strong returns, then NSC can be a good option for you. ,

Apart from attractive returns, NSC also offers tax saving benefits. With March at the end of financial year 2022-23, this is the last chance to plan your tax-saving investments. Under Section 80C of the Income Tax Act, investors can avail tax exemption of up to Rs 1.5 lakh by investing in NSC.

Start investing from Rs 1,000

You can start investing in NSC with just Rs 1,000 and there is no maximum investment limit in this scheme. People prefer NSC over Fixed Deposit as it offers better returns. The maturity period of this scheme is 5 years, and you can buy a certificate at any post office for an amount above Rs 1,000.

There are 3 investment options in NSC

NSC offers three types of investment options: Single, Joint and Joint with survivorship. Single refers to one person investing in the investment scheme, while two investors can jointly invest in the scheme. In joint with survivorship option, two people invest together, but only one person receives the maturity amount.

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The government has made such a plan, through which 5000 rupees are going to come in your account every month. The special thing is that this money will keep coming in your account till old age. Let us tell you about this special scheme of the Modi government-

Money will come directly into the account, you will get this facility from the government in Atal Pension Yojana. This is a scheme run by the Government of India for your old age. In this scheme, you can get a pension of Rs 5000 every month after 60 years and this money will come directly into your account.

What is Atal Pension Yojana?

Atal Pension Yojana is specially designed for your old age. This scheme is run by the Government of India. This step has been taken so that people do not face any problem in old age and you save money for your old age. In this scheme, you can deposit a small amount and deposit the pension fund.

Who can invest in this scheme, only people between 18 years to 40 years can invest in this scheme. After 60 years, you get a pension of up to 5000 thousand rupees. In this you have to invest for 20 years.

When will you get the amount of 5 thousand rupees

In this scheme you will have to deposit 1454 rupees every month for 60 years and after completion of 60 years you will get 1000 to 5000 rupees every month.

Where can you open an account?

To take advantage of this scheme, you will have to apply. You can open a savings account in the nearest bank or post office. And can invest every month.

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If you are also an employee, then your salary is also going to increase. Planning is being done by the Central Government to increase the salary of the employees. Let us tell you that these days many discussions are going on in the whole country regarding the old pension scheme. The old pension scheme has been implemented in many states. At the same time, the battle to implement OPS is going on in many states.

Salary will increase by full 6000 rupees!

In the midst of the ongoing demand to restore the old pension scheme across the country, the government is planning to increase the minimum salary limit of the employees. After Holi, the government can give the gift of increased salary to the employees. It is believed that the government will directly increase the minimum salary from Rs 15,000 to Rs 21,000.

The last increase was in 2014.

Let us tell you that after increasing the minimum salary limit of the employees, there will be a bumper increase in the pension as well. Before this, last time in the year 2014, the government had increased this limit. At present, in the new year, the government is planning to increase the salary once again. With the increase in salary, the contribution to PF will also increase and at the same time the pension will also increase.

Contribution of PF will also increase

Talking about the contribution of Provident Fund, the minimum salary is calculated at Rs 15,000, due to which only a maximum of Rs 1250 can be contributed to the EPS account. If the government increases the salary limit, then the contribution will also increase. After the increase in salary, the monthly contribution will be Rs 1749 (8.33% of Rs 21,000).

How much is the difference between old pension and new pension If we talk about the old pension scheme, then even after the death of the retired employee, his family members get pension. For example, let us tell you that if an employee is getting a salary of Rs 80,000 now, then after retirement, according to the old pension scheme, he will get a pension of about Rs 35 to 40 thousand. Apart from this, in the new pension, this employee will get a pension of about 800 to 1000 rupees.

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If you are a senior citizen, then today we have brought such a government scheme for you, from which you will get a hefty pension immediately. In this your principal money remains safe and returns are also available at regular intervals.

The best part is that under this government scheme, both husband and wife together after the age of 60 can avail the guaranteed benefit of pension of Rs 18500 every month. Thek best part is that after 10 years your entire investment will also be returned. Only a few months are left for senior citizens to invest in Pradhan Mantri Vaya Vandana Yojana (PMVVY). SIC operates this scheme.

In the PMVVY scheme, the government provides a subsidized pension scheme for senior citizens aged 60 years and above. Under this scheme, immediate monthly, quarterly, half-yearly or annual pension facility is given to senior citizens. Investors have to pay a lump sum of Rs 15 lakh to take advantage of this scheme.

Deadline is March 31, 2023

Any person who has attained the age of 60 years can invest in this scheme till March 31, 2023. With only a few months left for the PMVVY sale to end, let’s take a look at how much benefits, eligibility and how much pension senior citizens can get by subscribing to this scheme.

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

The duration of this scheme for senior citizens is 10 years. Pension payment under PMVVY can be made on monthly, quarterly, half yearly or yearly basis depending upon the mode chosen by the buyer. The first installment of pension under PMVVY starts after 1 year, 6 months, 3 months or 1 month from the date of purchase of the scheme. For example, if you have opted for monthly mode of pension payment and if you buy the plan now then your pension will start after 1 month.

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

Interest Rate on PMVVY

“For Financial Year 2022-23, the Scheme shall provide an assured pension of 7.40% p.a. payable monthly. This assured rate of pension shall be payable for the full policy term of 10 years for all the policies purchased till 31st March, 2023.”

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

The post Good News! Government has brought a new scheme for senior citizens, will get Rs 18500 pension every month first appeared on Rightsofemployees.com.

If you are a senior citizen, then today we have brought such a government scheme for you, from which you will get a hefty pension immediately. In this your principal money remains safe and returns are also available at regular intervals.

The best part is that under this government scheme, both husband and wife together after the age of 60 can avail the guaranteed benefit of pension of Rs 18500 every month. Thek best part is that after 10 years your entire investment will also be returned. Only a few months are left for senior citizens to invest in Pradhan Mantri Vaya Vandana Yojana (PMVVY). SIC operates this scheme.

In the PMVVY scheme, the government provides a subsidized pension scheme for senior citizens aged 60 years and above. Under this scheme, immediate monthly, quarterly, half-yearly or annual pension facility is given to senior citizens. Investors have to pay a lump sum of Rs 15 lakh to take advantage of this scheme.

Deadline is March 31, 2023

Any person who has attained the age of 60 years can invest in this scheme till March 31, 2023. With only a few months left for the PMVVY sale to end, let’s take a look at how much benefits, eligibility and how much pension senior citizens can get by subscribing to this scheme.

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

The duration of this scheme for senior citizens is 10 years. Pension payment under PMVVY can be made on monthly, quarterly, half yearly or yearly basis depending upon the mode chosen by the buyer. The first installment of pension under PMVVY starts after 1 year, 6 months, 3 months or 1 month from the date of purchase of the scheme. For example, if you have opted for monthly mode of pension payment and if you buy the plan now then your pension will start after 1 month.

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

Interest Rate on PMVVY

“For Financial Year 2022-23, the Scheme shall provide an assured pension of 7.40% p.a. payable monthly. This assured rate of pension shall be payable for the full policy term of 10 years for all the policies purchased till 31st March, 2023.”

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

The post Good News! Government has brought a new scheme for senior citizens, will get Rs 18500 pension every month first appeared on Rightsofemployees.com.

If you are a senior citizen, then today we have brought such a government scheme for you, from which you will get a hefty pension immediately. In this your principal money remains safe and returns are also available at regular intervals.

The best part is that under this government scheme, both husband and wife together after the age of 60 can avail the guaranteed benefit of pension of Rs 18500 every month. Thek best part is that after 10 years your entire investment will also be returned. Only a few months are left for senior citizens to invest in Pradhan Mantri Vaya Vandana Yojana (PMVVY). SIC operates this scheme.

In the PMVVY scheme, the government provides a subsidized pension scheme for senior citizens aged 60 years and above. Under this scheme, immediate monthly, quarterly, half-yearly or annual pension facility is given to senior citizens. Investors have to pay a lump sum of Rs 15 lakh to take advantage of this scheme.

Deadline is March 31, 2023

Any person who has attained the age of 60 years can invest in this scheme till March 31, 2023. With only a few months left for the PMVVY sale to end, let’s take a look at how much benefits, eligibility and how much pension senior citizens can get by subscribing to this scheme.

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

The duration of this scheme for senior citizens is 10 years. Pension payment under PMVVY can be made on monthly, quarterly, half yearly or yearly basis depending upon the mode chosen by the buyer. The first installment of pension under PMVVY starts after 1 year, 6 months, 3 months or 1 month from the date of purchase of the scheme. For example, if you have opted for monthly mode of pension payment and if you buy the plan now then your pension will start after 1 month.

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

Interest Rate on PMVVY

“For Financial Year 2022-23, the Scheme shall provide an assured pension of 7.40% p.a. payable monthly. This assured rate of pension shall be payable for the full policy term of 10 years for all the policies purchased till 31st March, 2023.”

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

The post New Pension Plan for Senior Citizen! Government has brought a new scheme for senior citizens, will get Rs 18500 pension every month first appeared on Rightsofemployees.com.

The new rules issued by the government will come into effect from January 1, 2023. Let us tell you in which rules it has been decided to change.

PFRDA had earlier relaxed the rules, from January 1, 2023, government employees will have to request for partial withdrawal from the fund only through their respective nodal offices. The Pension Fund Regulatory and Development Authority (PFRDA) had relaxed the rules during the Corona epidemic, under which automatic declaration under NPS was allowed.

Changes in the rules when the conditions became normal

According to the government information, keeping in mind the facilities of the people during the Corona epidemic, the rules were relaxed, but now that the situation is becoming normal, it has been decided that the government sector It will be necessary for the shareholders to send their requests through the concerned nodal offices.

Opposition to new pension

Let us tell you that at present there is a lot of protest going on in the country regarding the new pension system. Employees of the states are demanding restoration of old pension. Central employees of many states themselves believe that their future is not secure in this scheme. In the year 2004, the Central Government abolished the old pension scheme and started the National Pension System instead.

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This scheme was started by the central government on 26 May 2020. Couples can invest till 31 March 2023 to take advantage of this scheme. If both husband and wife want, then after the age of 60, they can take advantage of it. Know about the complete plan.

What is Vaya Vandana Yojana?

Pradhan Mantri Vaya Vandana Yojana is a social security scheme. Under which the beneficiary will get monthly pension. It has been brought by the Government of India, while this scheme is being operated by Life Insurance Corporation of India (LIC).

If both husband and wife have crossed the age of 60 years, then they can invest a maximum of Rs 15 lakh. Earlier the investment limit was Rs 7.5 lakh, which was doubled later. Compared to other schemes, senior citizens get more interest in this scheme. People of 60 years or above can choose this pension plan.

This is how you will get monthly pension of Rs 18500

If both husband and wife want to take advantage of this scheme, then both will have to invest an amount of 15 lakh rupees in the Pradhan Mantri Vaya Vandana Yojana, that is, a total of 30 lakh rupees. 7.40 percent annual interest will also be available on this scheme.

Accordingly, the annual interest on the investment will be Rs 222000. If it is divided in 12 months, then an amount of Rs 18500 is formed, which you will get as monthly pension. There is also a plan in this scheme that only one person can invest in this scheme. If you invest Rs 15 lakh, then the annual interest will be Rs 111000 and his monthly pension will be Rs 9250.

Full amount back in 10 years

This plan is for 10 years. Monthly pension will continue to be received on your deposited money. If you remain in the scheme for 10 years then after 10 years your invested money will be returned to you. You can surrender this scheme at any time.LIC Pension Scheme: Pradhan Mantri Vaya Vandana Yojana is being run by the Modi government. Under which monthly pension is guaranteed. This scheme was started by the central government on 26 May 2020. Couples can invest till 31 March 2023 to take advantage of this scheme. If both husband and wife want, then after the age of 60, they can take advantage of it. Know about the complete plan.

What is Vaya Vandana Yojana?

Pradhan Mantri Vaya Vandana Yojana is a social security scheme. Under which the beneficiary will get monthly pension. It has been brought by the Government of India, while this scheme is being operated by Life Insurance Corporation of India (LIC).

If both husband and wife have crossed the age of 60 years, then they can invest a maximum of Rs 15 lakh. Earlier the investment limit was Rs 7.5 lakh, which was doubled later. Compared to other schemes, senior citizens get more interest in this scheme. People of 60 years or above can choose this pension plan.

This is how you will get monthly pension of Rs 18500

If both husband and wife want to take advantage of this scheme, then both will have to invest an amount of 15 lakh rupees in the Pradhan Mantri Vaya Vandana Yojana, that is, a total of 30 lakh rupees. 7.40 percent annual interest will also be available on this scheme.

Accordingly, the annual interest on the investment will be Rs 222000. If it is divided in 12 months, then an amount of Rs 18500 is formed, which you will get as monthly pension. There is also a plan in this scheme that only one person can invest in this scheme. If you invest Rs 15 lakh, then the annual interest will be Rs 111000 and his monthly pension will be Rs 9250.

Full amount back in 10 years

This plan is for 10 years. Monthly pension will continue to be received on your deposited money. If you remain in the scheme for 10 years then after 10 years your invested money will be returned to you. You can surrender this scheme at any time.

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This change will bring convenience to the taxpayers and reduce the time taken for filing returns. There has been a jump in direct and indirect tax collection in 2022 due to clear signs of reform of the economy after the pandemic and government efforts to stop tax leakage.

Government will be strict on tax evasion

In the coming days, the government can act more strictly on the tax evaders. Along with this, apart from online gaming, stricter tax norms can also be considered for e-commerce and online service providers.

India will host G-20

India is ready to host the leaders of G-20 countries next year. Along with this, taxation in Digital Economy, ensuring fair share of tax to developing countries and taxation of Cryptocurrency will also be on the agenda.

Stocks are taxed long term

Rationalization of long term capital gains tax structure is also expected to bring uniformity in holding period among similar asset classes. Currently, long-term capital gains on shares held for more than a year are taxed at 10 per cent.

Tax system will change in the new year

Sale of immovable property and unlisted shares held for more than two years and debt equipment and jewelery held for more than three years attract long-term capital gains tax of 20 per cent. Some changes in the new tax system are expected to happen next year as well, as the government wants to make the system more attractive by freeing up individual taxpayers.

Taxpayers will get many options

Tax offices are working on preparing a common ITR form for most taxpayers. However, the forms (ITR-1 and 4) for individual taxpayers will continue. Taxpayers filing ITR-1 and ITR-4 will have the option to choose whether they want to file their tax returns out of the proposed normal ITR form or the existing form. Currently, there are seven types of ITR forms available for taxpayers with different series.

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The Modi government at the center is making a big plan regarding the salary and pension of the employees. If the government implements this plan, then there can be a bumper increase in the salary (Salary Update) and pension (Pension Update) of the employees. According to media reports, it is being considered to increase the minimum basic salary of employees under the Employees’ Provident Fund Organization (EPFO). At present, the minimum basic salary of the employees is Rs 15,000 and on this contribution is made for pension and PF. It is being considered to increase the minimum basic salary to Rs 21,000. If this happens, the money deducted for pension and PF will increase.

Rs 21,000 will be the minimum basic salary

At present, the minimum basic salary of the employees is Rs 15,000, a decision has to be taken on increasing it to Rs 21,000. With the increase in the minimum basic salary, the contribution towards PF and pension will increase. It is being said in the media reports that the increase in basic salary will automatically increase the pension.

The government had increased the minimum salary in the year 2014.

The last time the central government increased the minimum basic salary was in the year 2014. Then the basic salary of the employees was increased to Rs 15,000. Now the government is considering increasing the minimum basic salary once again. With the increase in salary, the share of pension and PF will automatically increase. Along with this, the salary will also increase. The allowances received along with the basic salary will also increase.

Now this is how the contribution for PF is calculated

At present, the calculation of pension and PF is done on the minimum salary of the employees at Rs 15,000. At present, a maximum contribution of Rs 1250 is made in the EPS account. The contribution will increase to Rs 1749 per month if the basic salary of the government is increased to Rs 21,000. That is, it will be 8.33% of Rs 21,000. With the increase in pension, the money received after retirement will also increase. With the increase in the basic salary, the salary that comes to hand will also increase because the allowances will also increase. Allowances are also calculated on the basis of basic salary.

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According to the information received from the government, employees can get double good news in the new year. Apart from DA Hike, the government is also going to take a big decision on the Fitment Factor.

DA will get 41 to 43 percent

Let us tell you that the dearness allowance of the employees can be increased at the rate of 4 or 5 percent, after which the dearness allowance received by the employees can be from 41 to 43 percent. Apart from the increase in DA, the employees will also get many special gifts.

Due to the bumper increase in DA, there will be a huge increase in the salary of the employees. Apart from this, the government can also take a decision on the outstanding arrears of 18 months. The demand for arrears of 18 months has been going on for a long time.

Decision will also be taken on the fitment factor The government can also take a decision on the fitment factor. The fitment factor has been getting 2.57 times since the year 2016, but at present the central employees are demanding to increase it to 3.68 times. If any kind of decision is taken on this by the government, then there will be a big increase in the salary of the employees.

How much was the salary increased last time? 

Let us tell you that last time when the government had increased the fitment factor, the salary of the employees had increased three times. The salary of the employees was directly increased from 6000 to 18000. This time if the government accepts the demand of the employees, then the salary will increase from 18,000 to 26,000.

Lakhs of people got the benefit, let us tell you that the government had recently decided to increase the DA, after which the DA of the employees increased by 4 percent to 38 percent. 48 lakh employees and 68 lakh pensioners got a big benefit from this decision of the government.

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Good days are coming for the government employees in the state of Karnataka. Chief Minister Basavaraj Bommai has announced the formation of the Seventh Pay Commission (7th Pay Commission) to review the salaries of government employees. The government has appointed former chief secretary Sudhakar Rao as the chairman of this commission to review the pay scales of state government employees.

Bommai made the announcement in March, in fact, a joint working committee of different organizations of government employees in Karnataka had applied for the appointment of a retired high court judge as the chairman of the Seventh Pay Commission. On the other hand, Chief Minister Basavaraj Bommai also announced in March that a commission would be set up to review the salaries of state government employees.

Six lakh employees will be benefited

The newly formed commission will look into the different possibilities of salary of about six lakh employees. If the Seventh Pay Commission is implemented in the state, then it will benefit six lakh employees. Let us tell you that the assembly elections are proposed in Karnataka next year. Earlier in September, after increasing the DA of employees by the Central Government, many state governments have also recommended this.

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Important news for EPFO ​​subscribers. The government has rejected the proposal to increase the pension of Employees’ Provident Fund Organization (EPFO) subscribers. After this, a parliamentary committee will seek an explanation from the Finance Ministry to reject the Labor Ministry’s proposal to increase the pension from the existing Rs 1,000 per month. However, the amount of the increase proposed by the Labor Ministry is not known.

Big blow to EPFO ​​subscribers

According to the information, top officials of the Ministry of Labor and EPFO ​​on Thursday informed the Parliamentary Standing Committee on Labor under the chairmanship of BJD MP Bhartrihari Mahtab about the operation of the EPF pension scheme and the management of its fund. The officials informed the committee that the finance ministry did not agree to the labor ministry’s proposal for any increase in monthly pension. After this, the committee has now decided to call top officials of the Finance Ministry to seek clarification regarding this subject.

In fact, the committee in its report had recommended to increase the minimum monthly pension payable to the member/widow/widow pensioner by at least Rs 2,000. The committee had made this proposal in view of rising inflation.

change in pension scheme

Significantly, the EPFO ​​has agreed to withdraw deposits under the Employees’ Pension Scheme 1995 (EPS-95) to employees retiring in less than six months. Till now Employees’ Provident Fund Fund (EPFO) subscribers are allowed to withdraw deposits from Employees’ Provident Fund account only if there is less than six months of service left. This decision means that now the subscribers of EPFO ​​will be able to withdraw money from the pension fund as well.

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This comes after the Supreme Court order regarding upholding the Employees’ Pension (Amendment) Scheme, 2014. Let us tell you that the Supreme Court has upheld the Employees’ Pension (Amendment) Scheme, 2014. After this, eligible employees who did not adopt Enhanced Pension Coverage before 2014 can also become part of it in the next 4 months.

After this decision, employees who were existing members of EPS till September 1, 2014, can contribute up to 8.33% of their ‘actual’ salary. Earlier, they could contribute only 8.33% of the pensionable salary and the maximum limit was fixed at Rs 15,000 per month. But now the employees will be able to contribute more in this scheme and will also get more benefits.

Along with this, the court set aside the condition in the 2014 amendments, which made it mandatory for the employee to contribute 1.16% of the salary of more than Rs 15,000 per month. Employees’ organizations have demanded that the government organize an extraordinary meeting of the Central Board of Trustees of the Pension Fund EPFO ​​so that the apex court’s order can be implemented expeditiously.

In August 2014, by amending the pension scheme, the maximum limit of pensionable salary was raised to Rs 15,000 per month from Rs 6,500 per month earlier. This made it possible for the member and their employer to contribute 8.33% of the actual wages.

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In the 232nd meeting of the Central Board of Trustees (CBT), the apex body of the EPFO, it was recommended to the government to make some amendments in the EPS-95 scheme for retirement. Subscribers who have reached close should be allowed to withdraw the amount deposited in the pension fund.

Recommendation to give proportionate pension benefits

According to the statement of the Labor Ministry, the CBT has recommended to the government that members with less than six months of service period should be given the facility of withdrawal from their EPS account. Apart from this, the Board of Trustees has also recommended proportionate pension benefits to the members who have been part of the scheme for more than 34 years. This facility will help the pensioners to get more pension at the time of determination of retirement benefits.

The Labor Ministry said that the Board of Trustees of EPFO ​​has also approved a redemption policy for investment in Exchange Traded Fund (ETF) units. Apart from this, the 69th annual report prepared on the functioning of EPFO ​​for the financial year 2021-22 was also approved, which will be presented in the Parliament.

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Information provided by the department Announcing the rules of work from home, the Ministry of Commerce has informed that now employees will be able to get work from home for a maximum of one year.

Under the new rule, only 50 percent of the employees will be able to get the benefit of work from home. 50% of the employees of the Special Economic Zone Unit will be allowed to work from home. Let us tell you, this rule has been notified for Work from Home Special Economic Zone Rule 43A 2006.

Which employees will get benefits?

The Union Commerce Ministry said that after several requests from employees, the department has introduced new guidelines for Special Economic Zones. The rules notified by the ministry states that these guidelines have been implemented keeping in mind the demands of the industry to follow a uniform nationwide work from home policy across all SEZs.

What are the new guidelines

• These rules are for the employees of IT/ITES SEZ units.
• This would include employees who are temporarily disabled, or are traveling or traveling and working offsite.
• SEZ units will be provided with equipment and secure connectivity for authorized work from home operations.

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This scheme was started by the central government on 26 May 2020. Couples can invest till 31 March 2023 to take advantage of this scheme. If both husband and wife want, then after the age of 60, they can take advantage of it. Know about the complete plan.

What is Vaya Vandana Yojana?

Pradhan Mantri Vaya Vandana Yojana is a social security scheme. Under which the beneficiary will get monthly pension. It has been brought by the Government of India, while this scheme is being operated by Life Insurance Corporation of India (LIC).

If both husband and wife have crossed the age of 60 years, then they can invest a maximum of Rs 15 lakh. Earlier the investment limit was Rs 7.5 lakh, which was doubled later. Compared to other schemes, senior citizens get more interest in this scheme. People of 60 years or above can choose this pension plan.

This is how you will get monthly pension of Rs 18500

If both husband and wife want to take advantage of this scheme, then both will have to invest an amount of 15 lakh rupees in the Pradhan Mantri Vaya Vandana Yojana, that is, a total of 30 lakh rupees. 7.40 percent annual interest will also be available on this scheme.

Accordingly, the annual interest on the investment will be Rs 222000. If it is divided in 12 months, then an amount of Rs 18500 is formed, which you will get as monthly pension. There is also a plan in this scheme that only one person can invest in this scheme. If you invest Rs 15 lakh, then the annual interest will be Rs 111000 and his monthly pension will be Rs 9250.

Full amount back in 10 years

This plan is for 10 years. Monthly pension will continue to be received on your deposited money. If you remain in the scheme for 10 years then after 10 years your invested money will be returned to you. You can surrender this scheme at any time.LIC Pension Scheme: Pradhan Mantri Vaya Vandana Yojana is being run by the Modi government. Under which monthly pension is guaranteed. This scheme was started by the central government on 26 May 2020. Couples can invest till 31 March 2023 to take advantage of this scheme. If both husband and wife want, then after the age of 60, they can take advantage of it. Know about the complete plan.

What is Vaya Vandana Yojana?

Pradhan Mantri Vaya Vandana Yojana is a social security scheme. Under which the beneficiary will get monthly pension. It has been brought by the Government of India, while this scheme is being operated by Life Insurance Corporation of India (LIC).

If both husband and wife have crossed the age of 60 years, then they can invest a maximum of Rs 15 lakh. Earlier the investment limit was Rs 7.5 lakh, which was doubled later. Compared to other schemes, senior citizens get more interest in this scheme. People of 60 years or above can choose this pension plan.

This is how you will get monthly pension of Rs 18500

If both husband and wife want to take advantage of this scheme, then both will have to invest an amount of 15 lakh rupees in the Pradhan Mantri Vaya Vandana Yojana, that is, a total of 30 lakh rupees. 7.40 percent annual interest will also be available on this scheme.

Accordingly, the annual interest on the investment will be Rs 222000. If it is divided in 12 months, then an amount of Rs 18500 is formed, which you will get as monthly pension. There is also a plan in this scheme that only one person can invest in this scheme. If you invest Rs 15 lakh, then the annual interest will be Rs 111000 and his monthly pension will be Rs 9250.

Full amount back in 10 years

This plan is for 10 years. Monthly pension will continue to be received on your deposited money. If you remain in the scheme for 10 years then after 10 years your invested money will be returned to you. You can surrender this scheme at any time.

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This scheme was started by the central government on 26 May 2020. Couples can invest till 31 March 2023 to take advantage of this scheme. If both husband and wife want, then after the age of 60, they can take advantage of it. Know about the complete plan.

What is Vaya Vandana Yojana?

Pradhan Mantri Vaya Vandana Yojana is a social security scheme. Under which the beneficiary will get monthly pension. It has been brought by the Government of India, while this scheme is being operated by Life Insurance Corporation of India (LIC).

If both husband and wife have crossed the age of 60 years, then they can invest a maximum of Rs 15 lakh. Earlier the investment limit was Rs 7.5 lakh, which was doubled later. Compared to other schemes, senior citizens get more interest in this scheme. People of 60 years or above can choose this pension plan.

This is how you will get monthly pension of Rs 18500

If both husband and wife want to take advantage of this scheme, then both will have to invest an amount of 15 lakh rupees in the Pradhan Mantri Vaya Vandana Yojana, that is, a total of 30 lakh rupees. 7.40 percent annual interest will also be available on this scheme.

Accordingly, the annual interest on the investment will be Rs 222000. If it is divided in 12 months, then an amount of Rs 18500 is formed, which you will get as monthly pension. There is also a plan in this scheme that only one person can invest in this scheme. If you invest Rs 15 lakh, then the annual interest will be Rs 111000 and his monthly pension will be Rs 9250.

Full amount back in 10 years

This plan is for 10 years. Monthly pension will continue to be received on your deposited money. If you remain in the scheme for 10 years then after 10 years your invested money will be returned to you. You can surrender this scheme at any time.

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There is complete security in the same job, but the person gets very little promotion in this. Anyone who is afraid of taking risks always gives priority to the job. Because even though a certain amount is received mentally in this, but there is complete security in it.

If you are a central employee and there is any central employee among your relatives or friends, then there is great news for him. If you are a central employee or keep an eye on the headlines going on in the country, then you must know that 7th pay commission remains a topic of discussion every day. Under the Pay Commission, the salary of all central employees is increased. Pay Commission was established on 31st January 1992.

Let us make you aware that the Maharashtra government has paid the arrears under the 7th Pay Commission even before announcing the third installment. In the middle of July to August this year, the third installment which was pending in the account of all the employees will now come. The third installment has been successfully released by the central government.

When will the employees get the fourth installment

In Maharashtra, in the year 2019, the 7th Pay Commission was implemented for the employees of the Zilla Parishad and Municipal Corporation along with the employees of the State Government.
After this, the government has made sure that in the year 2019-20 to 5 years and in 5 installments, their dues are going to be paid to the employees .
Let us tell you that under this, the employees have got the benefit of two installments so far and the third installment has started coming. After this, the fourth installment will be sent to the account of all central employees.
Ever since this decision has been taken by the government, there has been an atmosphere of happiness in the minds of all the central employees.
Money has started coming in the account of all central employees. If you are an employee of Maharashtra Government, then you may need to check the account for this. Apart from this, all the officers of Group A in the employees will get the benefit of ₹ 30000 to ₹ 40000.
On the other hand, the officers of the group can also benefit from ₹ 20000 to ₹ 30000. Apart from this, the Group C officers got the benefit of ₹ 10000 to ₹ 15000 and all the officers of the fourth category got the benefit of ₹ 8000 to ₹ 10000.
You should also be made aware that all government center employees of Maharashtra are getting the benefit of 31% DA.

Seventh Pay Commission

The Seventh Pay Commission was brought before the public on January 1, 2016. At that time the chairman of the Seventh Pay Commission was Ashok Kumar Mathur.
The first Pay Commission was constituted on 1 January 1992. The presidency at that time was taken over by Mrs. Janaki Patnaik.
The Second Pay Commission was brought before the public in 1995 when it was headed by Mrs. Mohini Giri.
The Third Pay Commission was brought before the public in January 1999. The presidency at that time was with Mrs. Vibha Parthasarathy.
The Seventh Pay Commission was constituted as a result of the recommendation of a government board created by the central government.

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It is expected that an announcement will be made by the government on increasing dearness allowance on September 28. Last days, there was talk of promotions to more than 8,000 government employees. Now the Department of Personnel and Training is soon going to give promotion to government officers. Earlier, there was an expectation of getting promotion in Agarut.

The training required for one year to 18 months was met by a delegation of officers of the Central Secretariat Official Language Seva Group A, meeting the Minister in the Central Government, Jitendra Singh. After this the announcement related to the promotion was made. At that time, Union Minister Jitendra Singh had assured to expedite the process of promotion as per rules. At least one year to 18 months training is necessary before the promotion of officers.

The promotion will be carried out in a systematic manner.

The Union Minister of State had also told the delegation that he would consider their demands and remove any problems in promotion. He also said that in future all promotions for government officers will be done in a systematic manner. Earlier on July 1, 2022, 8089 employees were promoted.

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If you are a senior citizen, then today we have brought such a government scheme for you, from which you will get a hefty pension immediately. In this your principal money remains safe and returns are also available at regular intervals.

The best part is that under this government scheme, both husband and wife together after the age of 60 can avail the guaranteed benefit of pension of Rs 18500 every month. The best part is that after 10 years your entire investment will also be returned. Only a few months are left for senior citizens to invest in Pradhan Mantri Vaya Vandana Yojana (PMVVY). SIC operates this scheme.

In the PMVVY scheme, the government provides a subsidized pension scheme for senior citizens aged 60 years and above. Under this scheme, immediate monthly, quarterly, half-yearly or annual pension facility is given to senior citizens. Investors have to pay a lump sum of Rs 15 lakh to take advantage of this scheme.

Deadline is March 31, 2023

Any person who has attained the age of 60 years can invest in this scheme till March 31, 2023. With only a few months left for the PMVVY sale to end, let’s take a look at how much benefits, eligibility and how much pension senior citizens can get by subscribing to this scheme.

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

The duration of this scheme for senior citizens is 10 years. Pension payment under PMVVY can be made on monthly, quarterly, half yearly or yearly basis depending upon the mode chosen by the buyer. The first installment of pension under PMVVY starts after 1 year, 6 months, 3 months or 1 month from the date of purchase of the scheme. For example, if you have opted for monthly mode of pension payment and if you buy the plan now then your pension will start after 1 month.

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

Interest Rate on PMVVY

For policies purchased up to 31-03-2023, the interest rate applicable to the scheme will be 7.40% p.a. payable monthly (i.e. equal to 7.6% p.a.). This assured interest rate will be payable for the full policy term of 10 years for all policies purchased up to 31st March 2023.

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

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EPFO has solved this problem. Recently, the Provident Fund Organization has recommended a new scheme. Under which those people can also be brought under the purview of pension, who are not getting pension till now. Let us know about this plan.

Government can make changes in the Act-

According to the EPFO, the Employees Provident Funds and Miscellaneous Provisions Act, 1952 will have to be amended to bring all the employees and self-employed people in the unorganized sector under the purview of EPFO.

In order to enable people in the unorganized sector to take advantage of the retirement savings scheme, the EPFO ​​has recommended the removal of the salary and employee limits. In this act, if the limit like the number of employees and salary will be removed, then the people doing business will also be able to get the benefit of this new scheme.

Now this is the rule-

According to the rules of EPFO, the same company or firm is registered in EPFO. Where at least 20 employees work. According to reports, EPFO ​​is in talks with all stakeholders for the new scheme and state governments are also being approached for the same. At present EPFO ​​has more than 5.5 crore subscribers.

The fund of the Employees’ Fund Organization will increase-

EPFO gives provident fund, pension and insurance to its account holders through EPF, Employee Pension Scheme and Employee Deposit Linked Insurance Scheme.

If the Act is changed, then the subscribers to the Employees’ Provident Fund organization will increase and this will also increase the corpus of EPFO.

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Under this scheme, farmers in the age group of 18 to 40 years can register themselves. They will have to deposit Rs 55 to Rs 200 every month in the government account according to their age.

These installments have to be paid till the age of 60 years. As soon as you turn 60 years old. It will close automatically. After this, the farmers registered under this scheme will be given a pension of Rs 3000 every month by the government.

How to register for PM Kisan Maandhan Yojana?

• Visit the Common Service Center and start the registration process
• Submit copy of Aadhar card and Khasra-Khatauni
• 2 photographs and bank passbook will also be required
• After submitting and giving all these details, the unique
• pension number and pension card of the farmer will be generated.

  Note: Farmer will not have to pay any separate fee for registration and applicant should have savings bank account or PM Kisan account.

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9 thousand employees will get benefit

The benefit of this decision of the Punjab government will be available to about 9 thousand nonpermanent employees of the state. Due to the need in the department, instead of the posts of Group C employees and Group D employees, some employees were assisted in daily wedges employees. The Punjab government says that if someone else is recruited in their place, then it will be like injustice to them.

Some employees are working for 10 years

Giving this information, a spokesperson of the Chief Minister’s Office said that due to the acute shortage of Group C and Group D posts, recruitment was done on these posts on contract / casual basis. Some of these employees have been working for more than 10 years.

He has devoted important years of his life to the service of the state. The reasoning of the cabinet was that going to this level, now excluding these employees or replacing them with new recruitment, would be totally unfair and unfair to these employees.

These employees will benefit

In order to regularize their services, adhoc, contract, daily wage, work charged or raw employees should have been working continuously for 10 years till the issuance of this extant policy and as per the terms and conditions of the post they hold at the time of posting in the special cadre. Must have experience and requisite qualification.
To be confirmed, the employee must have worked at least 240 days during each of the calendar years of these 10 years. Notional break in work at the time of counting ten years of service will not be taken into account.

retirement after 58 years

In order to continue the services of these employees, the government has decided that the employees who will be posted in such posts, which will not have a cadre post. Their services will be placed in special cadre posts. The recruitment process of the beneficiary employee will start after submitting the application form along with all the relevant documents from his side. The services of the beneficiary employees who are being placed in the special cadre will continue till the age of 58 years.

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What is Fair Cap?

According to media reports, the government had announced the removal of the fair cap last week. Let us tell you that the fair cap means that the companies cannot keep the rent less than the fixed limit nor can they increase more than the upper limit.

Companies have reduced rent, let us tell you that after this decision of the government, companies are making full preparations to attract customers. For this reason, companies like Akasa, Indigo, Go First, SpiceJet have made a big cut in the fare, after which the ticket booking of passengers can be done cheaply.

You can also do air travel for Rs 1500

Akasa airline started operating a month ago and now the company is giving an opportunity to travel by air on Mumbai-Bangalore route for Rs 2,000-2,200. At the same time, if we talk about last month, then the fare of this route was Rs 3,948 per person at that time. At the same time, the fare of Mumbai-Ahmedabad route was earlier around Rs 5000, which has now come down to Rs 1500.

How much did the rent cost?

If we talk about the fare from Delhi to Lucknow, then it was earlier between Rs 3,500-4,000, but now companies have reduced this fare to between 1900 and 2000. At the same time, if we talk about the fares of Kochi and Bangalore, then the fare of this route has also come down between 1100 to 1300. The cheapest flight facility on this route is being provided by Go-First, IndiGo and Air Asia.

The price band was imposed in May 2020, according to information received from the Indian Airlines official, since last month there has been a boom in the travel sector, due to which there has been a huge cut in the fares of domestic companies. With this, companies are expected to accelerate their business. For this reason companies are offering special offers to the customers. The government had fixed the price band on domestic airfares during the Corona period during May 2020, so that the prices could not be increased unnecessarily.

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Many state governments have given gifts to their employees by increasing the Dearness Allowance before the festival. But the Central Government employees are still waiting for the increase in Dearness Allowance (DA Hike). It is being said that the government can announce an increase in the DA of central employees in the beginning of September. But so far no official statement has come from the government on this. However, the government has definitely made it clear that the Eighth Pay Commission will not come for the time being.

DA was increased in March

The government changes the dearness allowance of central employees every six months. The last time the government increased the DA of employees by three percent in March 2022. After this, the DA of central employees was increased from 31 per cent to 34 per cent. At present, DA is being paid to central employees at the rate of 34 per cent.

Change happens every six months

According to media reports, the government can increase the DA of central employees by four percent. But when this will happen, the government has not said anything on it. Because the increase in DA in March is about to complete six months. Minister of State for Finance Pankaj Chaudhary had said in the Lok Sabha recently that the inflation rate is calculated on the basis of the All India Consumer Price Index for Industrial Workers (ACIPI). On this basis, the dearness allowance of the employees is changed every six months.

How much will the salary increase?

According to the calculation, if the government increases the DA of the employees from 34 percent to 38 percent, then there will be a big increase in the salary. At present, if the basic salary of an employee is Rs 18,000. At the rate of 34 per cent, the dearness allowance works out to Rs 6,120. If there is an increase of four per cent, then the DA will be Rs 6,840.

No official statement yet

If the government increases the DA by four per cent keeping in view the current inflation figures, then 50 lakh employees and 65 lakh pensioners will get the benefit. The DA given to government employees is part of their financial assistance salary structure. When will the government increase the DA of central employees? No official information has been revealed on this. However, according to media reports, the government can take a big decision on the increase in DA in September.

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DA was increased in March

The government changes the dearness allowance of central employees every six months. The last time the government increased the DA of employees by three percent in March 2022. After this, the DA of central employees was increased from 31 per cent to 34 per cent. At present, DA is being paid to central employees at the rate of 34 per cent.

Change happens every six months

According to media reports, the government can increase the DA of central employees by four percent. But when this will happen, the government has not said anything on it. Because the increase in DA in March is about to complete six months. Minister of State for Finance Pankaj Chaudhary had said in the Lok Sabha recently that the inflation rate is calculated on the basis of the All India Consumer Price Index for Industrial Workers (ACIPI). On this basis, the dearness allowance of the employees is changed every six months.

How much will the salary increase?

According to the calculation, if the government increases the DA of the employees from 34 percent to 38 percent, then there will be a big increase in the salary. At present, if the basic salary of an employee is Rs 18,000. At the rate of 34 per cent, the dearness allowance works out to Rs 6,120. If there is an increase of four per cent, then the DA will be Rs 6,840.

No official statement yet

If the government increases the DA by four per cent keeping in view the current inflation figures, then 50 lakh employees and 65 lakh pensioners will get the benefit. The DA given to government employees is part of their financial assistance salary structure. When will the government increase the DA of central employees? No official information has been revealed on this. However, according to media reports, the government can take a big decision on the increase in DA in September.

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At present, taxpayers have the right to choose between the old and the new tax regime. But according to sources, the government wants only one scheme in personal income tax. For this, the tax rate can be reduced in the new tax regime. The old tax system is very complex and it creates many controversies.

Experts say that the government wants to simplify the income tax system and at the same time wants to cut down on litigation. In the Union Budget 2020-21, Finance Minister Nirmala Sitharaman announced a new tax regime. In this the tax rates were reduced without exemptions and deductions.

Individual taxpayers were given the option to choose between the new and old income tax regime. But the taxpayers did not show much interest in the new system. For the assessment year 2021-22, 5.89 crore taxpayers have filed returns, but less than five per cent of them had filed income tax returns under the new tax regime. This is the reason why the government is considering reduction in tax rates to make it attractive.

Dissatisfaction with the new system

Mint quoted officials as saying that the Finance Ministry is considering reducing its rates to popularize the new income tax system. An official said that people are not enthusiastic about the new income tax system. Why would those who are taking exemption in the old system want to go to such a system in which there is no incentive for them.

There should be only one personal income tax scheme in the country. Tax experts believe that if the rates come down in the new tax regime, it will make the new system more attractive.

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Government is running many schemes

To secure your retirement, the central government has made many schemes, where you can invest.

If you are employed, then you must also think that when you retire, you will get a huge amount every month in the form of pension. But for this you have to invest from today itself, so that after 60 years your old age can be secure.

What is NPS Scheme

National Pension System (NPS) is a government pension scheme consisting of both equity and debt instruments. NPS gets a guarantee from the government. To get higher monthly pension after retirement, you should invest in NPS scheme.

Income tax exemption

NPS pension scheme is a government scheme like Public Provident Fund (PPF), Employees Provident Fund (EPF), Sukanya Samriddhi Yojana etc.

In this, any investor can also increase his monthly pension amount by making the right use of maturity amount. Through NPS, you can save tax up to Rs 2 lakh annually.

You can save tax up to a maximum of Rs 1.5 lakh under Section 80C of Income Tax. If you invest in NPS, you will get an additional tax exemption of up to Rs 50,000.

Will get monthly pension of Rs 2 lakh

If you deposit 5000 rupees every month for 40 years in NPC, you will get 1.91 crores. After this you will get 2 lakh monthly pension on investment of maturity amount.

Under this, you will also get a monthly return of Rs 1.43 lakh and Rs 63,768 from the Systematic Withdrawal Plan (SWP). In this, a monthly pension of Rs 63,768 will continue to be received from the annuity till the investor is alive.

Monthly pension of Rs 63,768 in 20 years

If you invest Rs 5000 every month from 20 years to retirement, then you will get a lump sum maturity amount of 1.91 crores to 1.27 crores. After this, you can get a monthly pension of Rs 63,768 every month at Rs 1.27 crore with 6% return.

There are two types of NPS

There are two types of NPS, NPS Tier 1, and NPS Tier 2. The minimum investment in Tier-1 is Rs 500 while in Tier-2 it is Rs 1000. However, there is no maximum limit for investment.

There are three investment options available in NPS, in which the investor has to choose where his money will be invested. Equity, Corporate Debt and Government Bonds.

With more exposure to equities, it also gives higher returns. Keep in mind that you should do any investment only after talking to your investment advisor.

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Information provided by the department Announcing the rules of work from home, the Ministry of Commerce has informed that now employees will be able to get work from home for a maximum of one year.

Under the new rule, only 50 percent of the employees will be able to get the benefit of work from home. 50% of the employees of the Special Economic Zone Unit will be allowed to work from home. Let us tell you, this rule has been notified for Work from Home Special Economic Zone Rule 43A 2006.

Which employees will get benefits?

The Union Commerce Ministry said that after several requests from employees, the department has introduced new guidelines for Special Economic Zones. The rules notified by the ministry states that these guidelines have been implemented keeping in mind the demands of the industry to follow a uniform nationwide work from home policy across all SEZs.

What are the new guidelines

• These rules are for the employees of IT/ITES SEZ units.
• This would include employees who are temporarily disabled, or are traveling or traveling and working offsite.
• SEZ units will be provided with equipment and secure connectivity for authorized work from home operations.

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If you are also a farmer and need money, then you can take advantage of this government scheme in minutes.

What is government scheme?

Let us tell you that apart from PM Kisan, the Kisan Credit Card scheme has been started by the government, under which you get the benefit of agricultural loan. You can take this loan sitting at home. The special thing is that you get this loan without any guarantee.

Earlier, the benefit of only 1 lakh was available, earlier under this scheme, the government used to provide loans up to Rs 1 lakh to the farmers, but in view of the needs of the farmers, the government has increased its amount to 1.60 lakh. This facility has been started to increase the income of farmers and to meet the needs of agriculture.

The benefit of subsidy is also available, under the KCC scheme, farmers have to provide loan facility in difficult times. Apart from this, the government also gives the benefit of 2 percent subsidy on the interest of KCC loan. You also get a 3% incentive discount if you repay the loan on time. At the same time, the annual interest of the credit card is 4 percent.

Who can get this card

made, any farmers whose names are Khatauni can get this card made. Apart from this, the age of the person applying for the card should be between 18 years to 75 years. The farmer’s khatauni should not be mortgaged with any bank or institution.

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In which it has been told that the working age limit of the people in the country should be increased. Along with this, the Economic Advisory Committee of the PM has said that along with increasing the age of retirement in the country, Universal Pension System should also be started.

There will be a special security scheme for senior citizens

According to the report, under this suggestion, a minimum pension of Rs 2000 should be given to the employees every month. Let us tell you that the Economic Advisory Committee has recommended better arrangements for the safety of senior citizens in the country.

It is also necessary to increase the retirement age

According to this report, there is a dire need to raise the retirement age if the working age population is to increase. This can be done to reduce the pressure on the social security system. The report also talked about skill development for persons above 50 years of age.

What is necessary according to a report

It has been said in the report that the central and state governments should formulate such policies so that skill development can be done. This effort should also include those living in the unorganized sector, remote areas, refugees, migrants who do not have the means to get training, but they must be trained.

According to this report, there will be 32 crore senior citizens in India by 2050

Significantly, according to the world population prospectus 2019, by the year 2050, there will be about 32 crore senior citizens in India. That is, about 19.5 percent of the country’s population will go in the category of retired. In the year 2019, about 10 percent of India’s population or 140 million people are in the category of senior citizens.

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So the answer is absolutely yes. Most of you must have seen this or some of you must have done it that when money was given by someone in childhood, then they used to go and store it in an earthen piggy bank. On the same festival and on any special occasion, breaking that piggy bank used to fulfill their needs for the money received from it. Let us tell you that this piggy bank is still in existence today. But the amount deposited in this piggy bank keeps on increasing over time.

PF account

In your lifetime, any of you readers must have heard the name of PF account at one time or another. Perhaps most of you must know about this that what is it after all. But it is our duty to acquaint you with it. PF Account i.e. Project Fund Account, through which you can collect money regularly and get a lot of money from it after the completion of its tenure. If we call PF account as piggy bank then it will not be wrong.

But interest is available on the amount deposited in the PF account, which is different at every level, such as if the person has an account, then the interest rate will be different on it. If the person has a PPF account, then he will get his interest rate. If the person has a GPF account or any other project fund account, then the interest rate will be different for the person in all of them.

Know about EPF account

EPF Account Means Employer Provident Fund Account is provided in our country to those people who work in companies in which the number of employees is more than 20. EPF accounts are provided under EPFO ​​i.e. Employees Provident Fund Organization. Right now, the government has recently put a new seal on the interest rate on the amount deposited in the Employees’ Provident Fund Organization, according to which the EPF for the financial year 2021-22 will attract an interest rate of 8.01%. 

Only one UAN number is held for each employee. Which he can use whenever he changes the company. If an employee leaves one company and works in another company, then his PF account number UAN will not change. 

In this way merge account online, registered mobile number is required

Let us tell all the readers that one thing has been clarified by the government that soon the interest rates on the amount deposited in the Provident Fund can be transferred to the account of the account holders. When that employee leaves one company and goes to work in another company, then his PF account needs to be merged. So that the PF amount given by the old company can be provided by the new company and not by it. 

How to check your PF Account Balance

As we have already told that at what rate interest will be given by the government on the amount deposited in the Employees’ Provident Fund Organization. Today, the interest rate of EPF 8.01% has been fixed for 2021-22. According to government news, it can be assumed that the government can transfer the interest money on the amount deposited in PF at the end of August. When an employee leaves one company and moves to another company, a new PF account is opened through his UAN number. Which is required to be merged with the old PF account. 

• To merge it, the account holder first needs to visit  the official website of EPFO.
• Here you can proceed with the option of One Employee- One EPF Account by going to Services. 
• After that you will be provided the form to merge the EPF account here. 
• On this form, the PF account holder will have to enter his mobile number. 
• After that UAN and Current Member ID will be required to be entered. 

Number required to merge accounts

• As soon as you fill all the details. Similarly, you have to generate more OTP for authentication there. 
• OTP will be sent to your registered mobile number. 
• As soon as you enter this OTP there, you will see your old PF account. 
• After that you have to enter the PF account number here, after that the declaration will have to be simplified. 
• After completing all these process you have to submit it. 
• In this way your merge request will be accessed successfully. 
• After a few days of verification, your PF account will be merged successfully. 

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A person cannot be denied a loan due to a poor CIBIL score. Recently, the central government has also considered privatization of all public sector banks except SBI. All these decisions of the government will not only improve the condition of the banks but also benefit the customers. Let us know what benefits are going to be given to the account holders of private banks.

New Banking Rule

The government has taken some big decisions for private sector banks. In this, some things have come out about HDFC, ICICI and Axis Bank. For the banks of the regions except SBI, the government has taken some decisions which are very beneficial for the convenience of the customers. The benefits of government schemes in banks, FD, interest etc., everything is done by RBI. So at the same time, after these things, the government has taken some more decisions which are very beneficial for the account holders.

The central government has allowed three private sector banks to provide finance services on foreign purchases. For the same information, let us tell you that this right was available only on public sector banks. But now these have also become effective on private banks. The government has allowed that a capital of Rs 2 thousand crore can be given on these banks for 1 year. In this, now a big responsibility has been entrusted to HDFC, ICICI and Axis Bank on behalf of the government.

This is the first time that the government has allowed three banks to simultaneously provide financial services on foreign purchases. According to the Ministry of Defense, these banks will be monitored regularly so that further action can be completed as per the need.

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In the new rule, the government has amended the house allotted under the PM Awas Yojana. You should know that the houses which are being given through registered agreement to lease or the people who will get this agreement done in future is not a registry.

Changed rules of PM housing Now according to the new rule, the government will see whether you live in your residence for the first five years or not. This agreement will be converted into a lease deed if you are residing in it. Otherwise, under the new rule, the development authority will also terminate the agreement made with you and you will not get your amount back.

That is, overall the rigging going on in it will stop. Changed rules for flat too Along with this, let us tell you that now according to the terms and conditions, the flats built under the Urban Pradhan Mantri Awas Yojana will not be free hold. That is, now even after five years, people will have to live on lease. Actually, the government has done this so that those who used to rent a house under the PM Awas Yojana, they can no longer do so.

Know what the rules say According to the rules of PM Awas Yojana, if an allottee dies, then his property will be transferred to the family member on lease. The government will not enter into any agreement with any other family of KDA. Under this agreement, the allottees will have to use the houses for 5 years. After this the lease of the houses will be restored.

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Payment of outstanding DA

According to the news, the government can pay the outstanding DA of central employees next month. However, no official statement has come from the government on this yet. Government employees have a total of 18 months DA arrears from January 2020 to June 2021. According to the news, the central employees can get the outstanding DA arrears of one and a half to two lakh rupees at a time. Employees are continuously demanding payment of their outstanding DA.

DM may increase

Since last month, it is being expected that the government can increase the DA of central employees. In view of the rising inflation, it is now being said that the government will increase the DA of the employees by at least 4-5 percent. In the month of June also, the retail inflation rate was above 7 percent, which is more than the target set by the Reserve Bank. Because of this, it is expected that the government can increase the DA of the employees.

At present, employees are getting DA at the rate of 34 per cent. The government had increased DA by 3 per cent in March this year. In the midst of ever-increasing inflation, the government can give good news to the employees. If the government increases the DA, then more than 50 lakh employees and 65 lakh pensioners will get its benefit.

Can get PF interest

The government has stamped the interest rate on the amount deposited in the Employees’ Provident Fund Organization (EPFO). For the financial year 2021-22, the interest rate on EPF has been fixed at 8.01. In the last financial year, PF was getting 8.5% interest.

It is expected that the government can put the PF interest money in the employees’ account in July. 12% of the basic salary of salaried people is deposited in EPF. You can also check your deposit amount through UMANG app, EPFO ​​member e-service portal, SMS, or missed call.

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