Central Government contribution in National Pension Scheme (NPS) raises to 14%

The Union Cabinet has recently raised the government’s contribution to National Pension Scheme (NPS) to 14% of basic salary from the current 10%. However, minimum employee contribution will remain at 10%. The Cabinet also allowed government employees to commute 60% ..

AP government approves an unemployment allowance scheme “Mukhyamantri Yuva Nestam”

The Andhra Pradesh Cabinet has recently approved an unemployment allowance scheme “Mukhyamantri Yuva Nestam” through which an allowance of Rs 1000 per month will be provided to unemployed youth in the state. Unemployed youths with a degree or diploma between ..

The conference on implementation of National Pension System (NPS) by Central Autonomous Bodies (CABs) held in New Delhi

The conference on implementation of National Pension System (NPS) by the Central Autonomous Bodies (CABs) was held in New Delhi. It was organized by Pension Fund Regulatory and Development Authority (PFRDA). The prime objective of the conference was to provide ..

Fixed Term Employment

Fixed-term employment is a contract in which a company or an enterprise hires an employee for a specific period of time. Features: In most case it is for a year but can be renewed after the term expires depending on ..

Recent Government Steps to Make Savings Process simpler for Small Savers

The government has taken steps to make the life easier for small savers and also ensure the motto of ‘minimum government, maximum governance’. Steps taken to ease the life of small savers are It proposed the Government Savings Promotion Act ..

Model Shops and Establishments (Regulation of Employment and Conditions of Service) Bill, 2016

In June 2016, the government had come out with Model Shops and Establishment (Regulation of Employment and Conditions of Service) Bill, 2016. It was sent to States/UTs so that they will be able to modify their individual Acts, if they ..