Articles for category: News

May 30, 2025

Sunita

Cheque Bounce New Rules

Cheque Bounce Rules 2025, New RBI Guidelines, Penalties, and Account Freeze Policy

Cheque dishonour has long been a recurring issue in India’s banking and business ecosystem, leading to financial disputes, legal hassles, and loss of trust in monetary transactions. With millions of cheque-based transactions still active across personal and commercial accounts, dishonoured cheques pose a systemic problem. To address this persistent concern, the Reserve Bank of India (RBI), in collaboration with the Ministry of Finance, has issued an updated and stricter set of regulations effective from April 2025. These Cheque Bounce New Rules 2025 aim to enhance the integrity of the banking system, discourage repeat offenses, and streamline inter-bank coordination for cheque-related

May 30, 2025

Ananya Sharma

RBI New Rules

RBI Rule Changes 2025, Impact on Deposits, Loans, and Credit Monitoring

The Reserve Bank of India (RBI) has unveiled a series of updated financial regulations in 2025 that directly impact the operations of banks, non-banking financial institutions, and individual account holders. These changes are designed to encourage digital adoption, improve financial security, and ensure better transparency in lending and account management. Account holders will need to adapt quickly, as many of these rules have already taken effect or are scheduled for enforcement within the calendar year. Some changes concern how often credit scores are updated, while others affect ATM fees, loan interest rates, fixed deposit withdrawals, and the treatment of dormant

May 30, 2025

Ananya Sharma

Fitment Factor Increase 2025

Fitment Factor 2.86 Explained, What It Means for Government Employees and Pensioners

The salary framework of Central Government employees in India is likely to witness a substantial revision as discussions around the 8th Pay Commission intensify. Central to these discussions is the proposed fitment factor of 2.86, a key multiplier used to revise the basic pay across all employee categories. This factor serves as the baseline to calculate the revised salary and allowances. Currently, the fitment factor stands at 2.57 as implemented under the 7th Pay Commission. A hike to 2.86 would mean a notable increase not only in basic pay but also in associated benefits and pensions. Employees and pensioners alike

May 30, 2025

Harshit

New Pension Rules 2025

New Pension Rules 2025, Who’s Eligible for ₹10,000 Monthly Pay?

India’s government pension system has evolved significantly over the past few decades, but discrepancies between different frameworks have left employees concerned about the stability of their post-retirement income. While the Old Pension Scheme (OPS) provided defined benefits and the National Pension System (NPS) introduced market-linked contributions, both created gaps in equality, predictability, and coverage. To address this long-standing disparity, the Government of India is launching the Unified Pension Scheme (UPS) from April 1, 2025. This reform aims to provide a guaranteed monthly pension of ₹10,000 to eligible long-term employees while merging the operational efficiency of NPS with the assured benefits

May 30, 2025

Ananya Sharma

7th Pay Commission Salary Hike

7th Pay Commission Update, DA Hike to 55% Brings Relief for Central Govt Employees

The announcement of a 2% increase in Dearness Allowance (DA) by the Central Government in January 2025 is a key development for millions of government employees and pensioners across India. The revised DA rate of 55%, up from the earlier 53%, will be implemented with effect from 1st January 2025. This change also includes arrear payments for the first three months of the year—January, February, and March 2025—providing immediate financial relief. The adjustment in DA directly addresses the inflationary burden faced by employees. As DA is calculated as a percentage of the basic salary, any increment proportionally affects the gross

May 30, 2025

Ananya Sharma

DA Arrears latest update

DA Arrears Update 2025, Will the Government Pay the Pending Amount?

Dearness Allowance (DA) plays an essential role in the compensation structure of government employees and pensioners. It safeguards their income against inflation and rising living costs. However, due to the COVID-19 pandemic, a freeze on DA and Dearness Relief (DR) was imposed from January 2020 to June 2021. While DA hikes resumed post-July 2021, the arrears for those 18 months remain unpaid, leading to widespread demand for compensation. The cumulative loss of income has affected over 113 lakh individuals, including both central government employees and pensioners. With the economy gradually stabilizing and inflation rising once again, the push for DA

May 30, 2025

Ananya Sharma

DA Hike July 2025

DA Increase July 2025, ₹17,000 Crore Boost to Salaries, Economy, and Elections

Starting July 1, 2025, the Central Government of India has formally increased the Dearness Allowance (DA) for its employees and Dearness Relief (DR) for pensioners by 12 percentage points, bringing it up from 50% to 62% of the basic pay/pension. This hike is based on recent trends in the Consumer Price Index for Industrial Workers (CPI-IW), which recorded inflationary pressure during the previous two quarters. With this increase, over 1 crore beneficiaries, including active employees and retirees, will witness a substantial increment in their monthly income. The decision comes at a time when retail inflation has shown persistent upward movement,

May 30, 2025

Ananya Sharma

LIC Pension Scheme

LIC Pension Scheme 2025, Lifelong Income Assurance for Your Retirement

In 2025, Life Insurance Corporation of India (LIC) has introduced a robust retirement planning solution the LIC Pension Scheme 2025. This pension initiative is designed to offer financial stability post-retirement by ensuring a regular income stream for policyholders. It is suitable for both salaried individuals and self-employed professionals who are looking for a guaranteed source of income once they retire. Backed by government regulation and LIC’s legacy of trust, this pension plan offers multiple payment options, tax reliefs, and additional support features like nominee selection and loan access. Unlike volatile market investments, this scheme provides fixed returns and income predictability,

May 30, 2025

Harshit

Retirement Age Increase Update

Retirement Age Increase 2025 Update, What the Government Really Said

The discussion surrounding a potential revision of the retirement age for central government employees in India witnessed a sudden spike in the final quarter of 2024. Fueled by digital rumors and speculative posts across social media platforms, millions of employees and job aspirants believed that the Union Government would soon announce a hike in the official retirement age from 60 to 62 years. The widespread circulation of unverified claims stating that the new policy would be implemented from April 1, 2025, raised concerns, particularly among employees nearing retirement and youth preparing for government job recruitments. However, the central government issued