Latest news with #GeneralProvidentFund
Hans India
14-06-2025
- Business
- Hans India
Telangana govt. increases DA for employees, issues orders
The Telangana government has announced an increase in the Dearness Allowance (DA) for state employees and pensioners by 3.64 per cent, delivering positive news to many. Following the issuance of G.O. 78 and 79 by Finance Department Principal Secretary Sandeep Kumar Sultania, the new DA increase will take effect from 1 January 2023. With this adjustment, the current DA, which stands at 26.39 per cent, will rise to 30.03 per cent. Employees will see this increase reflected in their June salaries, to be disbursed in July. Notably, all DA arrears from 1 January 2023 to 31 May 2025 will be deposited into the General Provident Fund (GPF) accounts of employees. For those who have already retired, the DA arrears will be paid in 28 instalments. Additionally, 10 per cent of DA arrears for Contributory Pension Scheme (CPS) employees will be credited to their PRAN accounts, with the remaining 90 per cent paid out in the same instalment format alongside the June salary. The increase also applies to employees under the University Grants Commission (UGC) and All India Council for Technical Education (AICTE) pay scales, with their DA rising from 38 per cent to 42 per cent. In a recent cabinet meeting, it was decided to grant a two-part DA increase to employees, with one part to be awarded immediately and the second in six months. This latest DA hike includes employees at various levels, including district, mandal, gram panchyat, municipalities, municipal corporations, agricultural market committees, district library institutions, work-charged establishments, as well as teaching and non-teaching staff at aided institutions and universities.
The Hindu
05-06-2025
- Business
- The Hindu
Pension sanctioned to 55 people at special Adalat in Nellore
Pensions were sanctioned to as many as 55 people and the General Provident Fund (GPF) authorisation letters were given to 15 persons during a special Adalat held in Nellore on Wednesday. Pension and GPF Adalat was organised here to review and discuss about pending pension cases and GPF related issues for speedy resolution. Speaking to The Hindu, Shanthi Priya Sarella, Principal Accountant General (A&E), Andhra Pradesh, said, 'Pension and GPF Adalats have been organised across the State from 2022. The first Adalat was held in Visakhapatnam. Since I have assumed charge this January, Adalats were held at Kakinada and Rajahmundry where 50 pension cases and 20 issues related to GPF were resolved.' 'After Nellore, another Adalat will be conducted at Vinjamur in the same district. We are planning to hold Adalats at Bheemavaram and Amalapuram in the coming months. We are holding such meetings every quarter to cover all the districts of AP. The pension sanction documents will soon be provided electronically to retired government employees,' she informed. The Principal Accountant General said that every government employee should be aware of the documents that need to be attached with the application while sending pension proposals. She also said that there is no need to wait until retirement to send the said proposals. They can be sent three months in advance, Ms. Sarella said. She explained that many people are still sending pension proposals after retirement. Due to this, it has been noticed that the employees are upset that they have not been granted pension after retirement. From this month, the Electronic Pension Payment Order (EPPO) sanction documents will be provided electronically to employees retiring from few departments. A video has also been made on the procedure for submitting the application online, and this video will be made available to all employees. It explains the common mistakes made by employees. The sanction of pension is delayed mainly due to improper filling of nomination papers.
Indian Express
07-05-2025
- Business
- Indian Express
Supreme Court judges have a conservative financial portfolio, invest in FDs and PFs
A CLOSE look at the assets of Supreme Court judges reveals that most of them have a conservative investment portfolio. Barring two judges, who have not segregated the details of their financial assets, all have kept a bulk of their savings in bank deposits, fixed deposits and provident funds. The assets, which include those of their spouses and dependents, disclosed Monday night also shows that every judge owns at least one real estate asset. The data shows that while three judges have assets exceeding Rs 25 crore, three others have financial assets between Rs 5 crore and Rs 25 crore. There are eight justices whose financial assets are between Rs 1crore and Rs 5 crore. The remaining seven have financial savings under Rs 1 crore, of which four have less than Rs 50 lakh in financial savings. As many as 21 of the 33 judges who disclosed their assets had aggregate savings of Rs 270 crore in financial instruments. Cumulatively, these judges and their spouses also owned 73 real estate assets, and nearly 12 kg of gold. Except for two judges who haven't provided segregated details, the cumulative financial assets of 19 judges are Rs 128.5 crore. Of this, FDs and bank deposits add up to Rs 86.19 crore; General Provident Fund and Public Provident Fund total Rs 25.44 crore; and shares and mutual funds are valued at Rs 16.87 crore. In other words, FDs, GPF and PPF of the 19 judges account for 86.9 per cent of their total financial assets, underlining the conservative nature of their financial portfolios. Justice K V Viswanathan, who was a successful lawyer until he was elevated as a judge of the Supreme Court in May 2023, accounted for more than half of the total savings of all 21 in the list. With Rs 137 crore, his financial assets account for more than 50 per cent of the total financial assets of all 21 justices. The judge has, however, disclosed that he paid as much as Rs 91.47 crore in taxes between 2011-12 and 2024-25. In the Assessment Year 2024-25, he paid taxes amounting to Rs 6.7 crore. Justice Viswanathan, with Rs 137 crore in assets, has not segregated it into cash, mutual funds and shares. The other judge who has not provided segregated details, Justice Vikram Nath, has declared financial assets of Rs 4.75 crore. The properties owned by the 21 judges range from agricultural land and residential plots to flats and commercial properties. While they have collectively acquired 29 flats and 13 houses, they also own 19 plots, seven parcels of agricultural land and five offices or shops. Most judges said the gold and silver they held was 'stree dhan' — property a woman receives during her lifetime voluntarily from her family. They also hold substantial amounts of silver (64.5 kg). These do not include the ancestral and inherited properties. The data also shows that just three judges, Justices Pamidighantam Sri Narasimha, Manmohan and Viswanathan, account for a bulk — more than 79 per cent — of all financial savings of the 21 judges. Several other judges have also disclosed that their financial assets include gifts from parents who have been income tax assesses and that has been reported to the income tax department and accepted over the years in their ITR. When it comes to holding real estate, at least five judges own five properties, nine have 4-5 properties and the remaining seven have up to two properties. Two judges have one property each. Some judges have also disclosed that most of the immovable properties were acquired prior to their becoming a judge as they were then lawyers/advocates earlier. When it comes to ownership of vehicles, 15 judges collectively own 20 cars while six others do not own a single one. One Justice owns a Toyota Camry hybrid and a Toyota Altis, another an Ecosport and Tata Harrier, and third owns a Jeep Compass.
