India Business News: 7th Pay Commission DA Hike: EPFO had on April 30, 2024, announced a 25% increase in the maximum retirement benefit and death benefit, raising it from
7th Pay Commission Update: Gratuity limit hiked by Rs 5 lakh in alignment with DA hike to 50%! Other allowances revised too financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
In a statement, the Department of Pension and Pensioners’ Welfare (DoPPW) said Integrated Pensioners’ Portal has been launched to digitalise pension services and enhance the welfare of pensioners.
Latest on DA hike: The Central government increased the dearness allowance (DA) and dearness relief (DR) by 4% in March 2024. This hike in DA to 50% also increased various components of a central government employee’s salary.
“Pension Portals of all Pension Disbursing Banks to be integrated in the Integrated Pensioners’ Portal of Department of Pension & Pensioners’ Welfare to ensure Ease of Living of Pensioners” says Shri. V Shrinivas, Secretary (P&PW) while addressing the launch ceremony of the Integrated Pensioners’ Portal of Bank of India on 26th April 2024. Speaking on the occasion he informed…