Meghalaya plans to constitute its Sixth Pay Commission, with a formal announcement of its chairperson and members expected within two weeks. The panel will review pay, allowances, benefits and service conditions for state employees and pensioners.
The 8th Pay Commission is tentatively expected to submit its recommendations to the central government by May 2027. Now, before the actual deadline arrives, central government employees and pensioners could see another meaningful increase in their Dearness Allowance (DA) and Dearness Relief (DR) amounts. Furthermore, based on the latest available All-India Consumer Price Index for…
For many cardholders, those points eventually go towards shopping vouchers, merchandise or statement credits. But for people planning a trip, they could potentially be used to reduce the cost of flights and hotel stays instead. The catch is that not all redemptions offer the same value. A reward point does not have a universal rupee…
Shares of Satin Creditcare Network rose as much as 3.74% to hit an intraday high of Rs 236.90 on Wednesday after the company released its business update for Q2FY27. The company maintained its growth trajectory despite the seasonal softness typically seen in the second quarter. Consolidated assets under management (AUM) stood at around Rs 16,600…
Pension Fund Regulatory and Development Authority Chairman Sivasubramanian Ramann told reporters that the PFRDA’s new health-focused pension product, NPS Swasthya, is expected to launch soon, ANI reported. Speaking to reporters on the sidelines of the Global Fintech Fest 2026 in Mumbai, Ramann said the authority is likely to formally launch NPS Swasthya within the next…
A retired PSU employee got relief from the Income Tax Appellate Tribunal (ITAT), Pune, after tax authorities denied his leave encashment exemption solely because it was not reflected in his Form 16. Explaining the ruling on X, TaxBuddy founder Sujit Bangar mentioned that the ITAT held the exemption under Section 10(10AA) and it does not…
Turning 60 in India is often viewed as the point when regular earnings stop. But it also unlocks advantages that can help cushion retirement finances. On Senior Citizens’ Day on 21 August, let’s discuss the financial benefits seniors can avail. Reaching 60 unlocks a range of financial benefits in India. These span higher interest rates,…