In a welcome move for lakhs of central government employees, the Ministry of Finance has revised its policy on Dress Allowance a key component of the benefits structure under the 7th Pay Commission. The allowance, earlier credited only once a year, will now be disbursed twice annually. This update is expected to bring relief to …
In a move aimed at cushioning central government employees and pensioners from rising living costs, the Union Cabinet approved a 2% hike in the Dearness Allowance (DA) in March 2025. With this revision, the DA has increased from 53% to 55% of the basic pay or pension, effective from January 1, 2025. What Is Dearness …
Bank of Baroda has launched a new fixed deposit scheme — the ‘bob Square Drive Deposit Scheme’, offering interest rates of up to 7.80% per annum for a special tenure of 444 days. The scheme is available from April 7, 2025, and applies to retail deposits below ₹3 crore. Under the scheme, general citizens will …
OpenAI’s ChatGPT has gained attention for its advanced image-generation abilities. While impressive, these capabilities have raised security concerns, as people have used AI to create fake Aadhaar and PAN cards. This has led to discussions about AI misuse and the need for stricter rules to prevent fraud. Can AI Really Create Aadhaar and PAN Cards? …
In January 2024, the Government of India announced the formation of the 8th Central Pay Commission, set to replace the existing 7th Commission whose term concludes in December 2025. The next step in this process involves appointing a three-member panel, including a chairperson, to determine the structure of future central government salaries. Amid this development, …
Dubai is known as the “City of Gold,” offering some of the best deals on gold jewellery, bars, and coins. The Dubai Gold Souk, one of the most famous gold markets in the world, attracts thousands of buyers looking for quality gold at competitive prices. However, with the sheer number of gold traders and the …
Gold prices in Dubai fluctuate daily due to international market cues, geopolitical shifts, and currency exchange trends. Whether you’re investing, purchasing jewellery, or simply tracking the market, keeping an eye on these changes can help you make informed decisions. Here’s a look at today’s gold prices in Dubai Dubai Gold Rate Comparison: Today vs. Previous …
Filing an Income Tax Return (ITR) is necessary for all taxpayers who fall under the taxable income category. As the new assessment year 2025-26 begins, salaried individuals and other taxpayers can start filing their returns for the previous financial year. Like previous years, the deadline for ITR filing is expected to be 31st July 2025. …
Retirement age is a crucial aspect of government service, impacting employees across various sectors. The fundamental rules governing retirement and extension of service vary based on profession and specific departmental requirements. Below is an overview of the retirement age for different government employees and the circumstances under which service extensions are granted. Retirement Age in …
Selling family gold may feel sentimental, but for tax purposes, it is treated purely as a financial transaction. When you sell inherited gold, such as ornaments passed down from your grandfather, it is considered a capital asset under Indian tax laws. The key factor is that the transaction falls under the capital gains head, not …
