Thursday, April 2, 2015
Wednesday, April 1, 2015
Cabinet may approve 6% DA on Thursday
Cabinet
may approve 6% DA on Thursday
The Union Cabinet approval
for the 6% rise in the Dearness Allowance for the Central Government employees
is expected to be announced on coming Thursday.
It is a well-known fact
that every six months, the Central Government increases the Dearness allowance
for its employees during the months of January and July. The increased amount
is calculated on the price index (CPI IW BY 2001=100) of essential commodities.
Rise in the Dearness allowance is being calculated on the basis of the changes
in the prices of the essential commodities during the periods between January
and June and the period between July and December.
Payment of Dearness Allowance to Central Government Employees - Revised Rates effective from 01.01.2015 - Fake Order / Instructions - Clarification
Recommendations of the Committee of Experts on Disciplinary and Vigilance Inquiries (Hota Committee)
Instructions for Payment of Salaries / Pensions through A-Rolls for the months of March - 2015 in respect of CBS Post Offices ( Tamilnadu, Karnataka, Kerala Circles )
Government Announces Interest Rates for Various Small Savings Schemes; Rates to Come Into Force with Effect from 01.04.2015
It was decided by
the Government of India that interest rates on Small savings Schemes will be
linked to yields on government securities of comparable maturity. In pursuance
of that decision, the Government has decided to revise the rates applicable on
various small savings schemes as given in the table below.
Scheme
|
Rate of
interest
w.e.f.
01.04.2014
|
Rate of
Interest
w.e.f.
01.04.2015
|
1.
|
2.
|
3.
|
Savings
Deposit
|
4.0
|
4.0
|
1
Year Time Deposit
|
8.4
|
8.4
|
2
Year Time Deposit
|
8.4
|
8.4
|
3
Year Time Deposit
|
8.4
|
8.4
|
5
Year Time Deposit
|
8.5
|
8.5
|
5
Year Recurring Deposit
|
8.4
|
8.4
|
5
Year SCSS
|
9.2
|
9.3
|
5
Year MIS
|
8.4
|
8.4
|
5
Year NSC
|
8.5
|
8.5
|
10
Year NSC
|
8.8
|
8.8
|
PPF
|
8.7
|
8.7
|
Kisan
Vikas Patra
|
8.7
|
8.7
|
Sukanya
Samriddhi Account Scheme
|
9.1
|
9.2
|
The above
rates will be effective from 1.4.2015.
Thus the
rates on many of the small savings scheme have undergone an upwards revision
vis-Ã -vis 2014-15.
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