Central Government Allows 5% of PF Funds to be Invested in Share Market

Central Government Allows 5% of PF Funds to be Invested in Share Market   The Central Government has allowed investing up to 5% of the Provident Fund capital in the stock market. As a result, Rs.5000 crore is expected to be released for investment this financial year. A circular from the Ministry of Labour has confirmed that 5% of the PF amount has been sanctioned for investing in the...

DA Orders for CDA pattern employees of CPSEs governed by HPPC recommendation w.e.f 01.01.2015

DA Orders for CDA pattern employees of CPSEs governed by HPPC recommendation w.e.f 01.01.2015 G.I., Min. of HI & PE, Dep. of Pub. Enter., O.M.F.No.2(54)/08-DPE (WC)-GL-VII/15, dt, 17.4.2015 Subject: Payment of DA to the CDA pattern employees of CPSEs governed by HPPC recommendation w.e.f 01.01.2015. The undersigned is directed to refer to Para No. 2 and Annexure-III to this Department’s...

10% Tax Proposed on PF Withdrawals

10% Tax Proposed on PF Withdrawals The Employee Provident Fund Organization (EPFO) has decided to impose a tax of 10.3% on the amount withdrawn from the EPF within five years of starting the accounts. EPF accounts have to be created in all the concerns that employ more than 20 workers, with salaries of Rs.6,500 and Rs.15,000 per month. 12% of their salaries are deducted and are deposited...

DA Orders for Armed Forces Officers and Personnel Below Officer Rank including NCs(E) – 113% from January 2015

DA Orders for Armed Forces Officers and Personnel Below Officer Rank including NCs(E) – 113% from January 2015 G.I., Min. of Defence, O.M.F.No.1(2)/2004/D (Pay/Services), dated 16.4.2015 Subject: Payment of Dearness Allowance to Armed Forces Officers and Personnel Below Officer Rank including NCs(E) – Revised rates effective from 1st January, 2015. Sir, I am directed to refer to this...

Recommendations on Prevention of Corruption Bills

Recommendations on Prevention of Corruption Bills The Department Related Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice presented its 69th Report on the Prevention of Corruption (Amendment) Bill, 2013 on 6th February, 2014. The recommendations made in the aforesaid Report are under consideration of the Government. The Bill was introduced in the Rajya Sabha,...

Minutes of PNM/AIRF meeting - discussion on left over items held on 20.02.2015

F.No.2014/E(LR)I/NM 1–9 Sub: PNM/AIRF meeting held on 12-13 December, 2014 – discussion on left over items held on 20.02.2015 in Committee Room, Rail Bhawan-Minutes thereof. ......... The following officers and representatives of AIRF attended the meeting: Official SideAIRF S/Shri/Smt. M. Akhtar, AM(Staff) Neera Khuntia, EDPC-II P.P. Sharma, EDE(G) K. Shankar, DE(P&A) D.V. Rao, DE(LL)...

Amendment order to the Lokpal Removal of Difficulties Order, 2015

Amendment order to the Lokpal Removal of Difficulties order, 2015. MINISTRY OF PERSONNEL PUBLIC GRIEVANCES AND PENSIONS (Department of Personnel and Training) ORDER New Delhi, the 27th April, 2015   S.O. 1095(E) — Whereas the Central Government, in exercise of the powers conferred by sub-section (1) of Section 62 of the Lokpal and Lokayuktas Act, 2013 (1 of 2014) (hereinafter referred...

Payment of Constant Attendance Allowance (CAA) on monthly basis with disability pension to Armed Forces personnel

Payment of Constant Attendance Allowance (CAA) on monthly basis with disability pension to Armed Forces personnel – Reg. “Constant Attendance Allowance shall be paid on monthly basis during the period of award along, with disability or war injury pension as the case may be.” No.I(2)/2013-D(Pen/Pol) Government of India Ministry of Defence D(Pension/Policy) New Delhi, Date: 27th April 2015 To...

Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for Exemption of Assets in Filing Returns) Rules, 2014

Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for Exemption of Assets in Filing Returns) Amendment Rules, 2015:- MINISTRY OF PERSONNEL PUBLIC GRIEVANCES AND PENSIONS (Department of Personnel and Training) NOTIFICATION New Delhi, the 27th April, 2015 G.S.R. 322(E).— In exercise of the powers conferred by sub-section (1) read with clause ...