Dearness Allowance (DA) plays a crucial role in compensating government employees and pensioners for inflation-induced cost-of-living changes. Revised twice annually, in January and July, DA adjustments are based on the Consumer Price Index for Industrial Workers (CPI-IW). With the latest revision effective from January 2025, this article delves into the changes, calculation methodologies, impact analysis, … Read more
The implementation of the 8th Pay Commission is set to revolutionize the salary and pension structure for central government employees and pensioners in India. This long-awaited revision is designed to address inflation, ensure fair compensation, and improve the financial security of millions. Below is a detailed analysis of the 8th Pay Commission, its proposed changes, … Read more
The SBI Public Provident Fund (PPF) scheme is a secure and profitable investment plan backed by the Government of India. It allows investors to grow their savings over time while enjoying tax benefits. A minimum investment of Rs 500 per month can accumulate into a significant amount over a tenure of 15 years. With an … Read more