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FinMin fixes ceiling for ad hoc bonus at Rs 7,000 for govt employees

New Delhi, Oct 18 (PTI) The Finance Ministry on Tuesday fixed the ceiling for computing non-productivity linked bonus (ad hoc bonus) for central government employees at Rs 7,000 for 2022-23. In an office memorandum, the Department of Expenditure under the Finance Ministry said non-productivity linked bonus (ad hoc bonus) equivalent to 30 days emoluments for the accounting year 2022-23 has been granted to the central government employees in Group ‘C’ and all non-gazetted employees in Group B’, who are not covered by any productivity-linked bonus scheme. The ceiling for payment of ad hoc bonus under these orders will be monthly

India ranks 45th among 47 nations in Pension Index

India ranks 45th among 47 nations in Pension Index

India’s progrеss in its rеtirеmеnt systеm, though showing improvеmеnt, finds itsеlf placеd at 45 out of 47 nations in thе latеst Pеnsion Indеx rеport. Examining thе nuancеs of this ranking rеvеals insights into thе country’s pеnsion landscapе, highlighting both strеngths and arеas rеquiring еnhancеmеnt. India Ranks 45th among 47 Nations in Pеnsion Indеx India’s ovеrall Pеnsion Indеx valuе stood at 45.9, displaying a marginal incrеasе from thе prеvious yеar’s 44.5. This ranking primarily rеflеcts advancеmеnts in adеquacy and sustainability sub-indicеs, as unvеilеd by thе 15th annual Mеrcеr CFA Institutе Global Pеnsion Indеx (MCGPI). Global Ovеrviеw of Pеnsion Indеx Rankings Thе

Congress promises in its manifesto to bring back old pension scheme in Madhya Pradesh

Bhopal (Madhya Pradesh), October 17, 2023 : Congress on Tuesday released its manifesto for Madhya Pradesh assembly polls next month and made promise to bring back old pension scheme for government employees. It has been said in the manifesto that government employees would be given the benefit of old pension instead of NPS. Before the assembly elections in Karnataka and Himachal Pradesh, Congress had promised the old pension. In both the states, government employees had given their full cooperation in forming the government of the Congress Party. Now Congress Party has played the same trick in Madhya Pradesh also. It has

Jordan will not accept Palestinian refugees, king says

New York, Oct 17 (Fox News) Jordan will not be accepting Palestinian refugees displaced by the Israeli-Hamas conflict, the nation’s monarch says. King Abdullah II made the remark Tuesday following a meeting with German Chancellor OIaf Scholz in Berlin. “This is a red line,” Abdullah said. “No refugees to Jordan and also no refugees to Egypt.” Hamas leaders have encouraged residents in Gaza to stay, but the Israeli Defense Forces is expected to launch widespread ground offensives that could push civilians south into nearby Jordan or Egypt. “This is a situation that has to be handled within Gaza and the

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