7th CPC Defence Pension Calculation as per DESW Orders issued on 5.9.2017 The 7th CPC in its Report, recommended two formulations for revision of pension of pre-2016 Armed Forces pensioners. In accordance with second formulation, shall be determined by multiplying the pension/ family pension as had been drawn on 31.12.2015 by the factor of 2.57. … Read more
EPFO signs MoU with HUDCO under new Housing Scheme of EPF & MP Act-1952 Dr. V.P. Joy, Central Provident Fund Commissioner and Dr. M. Ravi Kanth, CMD HUDCO signed a Memorandum of Understanding (MoU) in the august presence of Union Minister of Urban Development, Housing & Urban Poverty Alleviation, Shri M. Venkaiah Naidu and the … Read more
7th Central Pay Commission: How 2016 is different vs 2008 for macros and markets Global financial services major UBS in a report said investors are complacent about any potential change in India’s policy framework, especially in the backdrop of 7th Central Pay Commission. The brokerage expects CPC to negatively impact government’s fiscal consolidation path and … Read more
Implementation of 7th Pay Commission to impact govt’s fiscal math: Deutsche Bank NEW DELHI: Implementation of the Seventh Pay Commission recommendations is likely to exert pressure on the government’s fiscal finances and inflation trajectory going forward, says a Deutsche Bank report. According to the global financial services firm, the government is likely to meet its … Read more
7th Pay Commission report placed before group of secretaries, says Venkaiah Naidu MANGALURU: Acknowledging that the recommendations of the 7th Pay Commission will be a drag on the union government’s finances, union minister for Urban Development, Housing and Urban Poverty Alleviation and Parliamentary Affairs M Venkaiah Naidu said the government is yet to form a … Read more