Posts

The law makers reward themselves for not letting the Parliament function. No opposition here? -Mera Bharat Mahan

-
Image
  The Indian government has recently implemented a significant salary revision for Members of Parliament (MPs), introducing a 24% hike effective from April 1, 2023. This revision, anchored to the Cost Inflation Index, is designed to align parliamentary remuneration with rising inflation rates and evolving economic conditions. Revised Salary Structure: Members of Parliament now receive a monthly remuneration of ₹1.24 lakh, a notable increase from the previous ₹1 lakh. In addition to the basic salary, several allowances and pensions have been revised: Daily Allowance: MPs attending Parliament sessions or committee meetings will now receive ₹2,500 per day, up from the earlier ₹2,000. Constituency Allowance: Monthly constituency allowances have increased from ₹70,000 to ₹87,000, aiding MPs in managing constituency-specific responsibilities and activities. Office Expenses: To support operational and administrative functions, MPs now have ₹7...
Post a Comment
Read more

Notification from the Pension Fund Regulatory and Development Authority (PFRDA), dated March 19, 2025. It outlines regulations for the implementation of the Unified Pension Scheme (UPS) under the National Pension System (NPS) specifically designed for Central Government employees.

-
 Notification from the Pension Fund Regulatory and Development Authority (PFRDA), dated March 19, 2025. It outlines regulations for the implementation of the Unified Pension Scheme (UPS) under the National Pension System (NPS) specifically designed for Central Government employees. Key highlights of the document include: Applicability and Eligibility : Applicable from April 1, 2025, for existing Central Government employees under NPS, new recruits joining after this date, and eligible retirees or their spouses who retired on or before March 31, 2025. Options to enroll must be exercised within specified timelines and are irreversible once chosen. Enrolment Procedure : Eligible employees must submit applications through designated forms, either physically or via the Central Recordkeeping Agency (CRA) online portal. Employees will be assigned or retain their Permanent Retirement Account Number (PRAN), specifically tagged for UPS. Contribution and Corpus : Monthly c...
Post a Comment
Read more

Now any pension-related complaint will be resolved immediately, and the government is going to take a big step.

-
Image
  Pension Plan: During her budget speech, Finance Minister Nirmala Sitharaman announced the formation of a regulatory forum for pension, so that pension related complaints can be resolved easily. Pension Scheme: After retirement, one has to depend on either savings or pension for living. In such a situation, to ensure that people do not face any problem in getting pension or any pension related problem is resolved, the government has decided to form a forum. The government is working on a regulatory framework for this, which will also include Grievance Redressal Mechanism for redressal of complaints. This information has been given in The Economic Times report quoting sources.   Many pension schemes will be included in the forum An official familiar with the matter said, a common regulatory standard is needed for all so that pension related complaints are resolved quickly. He also informed that in this initiative of the government, various pension schemes being run under the s...
Post a Comment
Read more