The AICPIN – IW (All-India Consumer Price Index Number – Industrial Workers) for October 2023 has been released on 30.11.2023, the last working day of November month, by Labour Bureau, under Ministry of Labour and Employment. Based on the AICPIN of October, November and December 2023, Dearness Relief (DR) hike from Feb’24 to July’24 willContinue reading “Expected Dearness Relief, DR hike of Bank Pensioners from Feb’24 to July’24”
Tag Archives: pension
Expected DR hike for central govt. pensioners and family pensioners from 1st Jan 2024
On 27.10.23, DoPPW declared DR hike of 4%, increasing DR from 42% to 46%, for Central Government pensioners. Dearness Relief (DR) hike for Central Government pensioners and family pensioners from 1st January 2024 will be known to us after the declaration of AICPIN of period July’23 to Dec’23. The DR hike for central government pensionersContinue reading “Expected DR hike for central govt. pensioners and family pensioners from 1st Jan 2024”
Comparison of Old Pension Scheme vs New Pension Scheme
Indian government employees after retirement used to get the pension under the old pension scheme, called OPS. But, from 22nd Dec 2003, New Pension Scheme called NPS came into existence and since then nothing remained same for the working employees. In every corner of India whether it is central government employees or state government employees,Continue reading “Comparison of Old Pension Scheme vs New Pension Scheme”