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FINANCE MINISTRY MEMORANDUM
8th Pay Commission HRA changes: 5 employee bodies recommend house rent allowance up to 40%; check details8th pay commission proposals: Central government employees are urging the 8th Pay Commission to significantly hike House Rent Allowance (HR...- Centre extends Old Pension Scheme (OPS) benefit to compassionate ground appointees: Application date to decide eligibility; who will benefit?Central government employees appointed on compassionate grounds before 2004, but joining after, can now opt for the Old Pension Scheme (OPS...
- Critical minerals, strategic stakes: Inside India's bid to break China's supply chain strangleholdIndia and the US have inked a pact to secure critical mineral supplies, bolstering a broader Quad initiative aiming to invest $20 billion i...
- After war losses, Hezbollah seen gaining from Iran-US dealIran's deal with the U.S. is expected to boost Hezbollah's finances and political standing in Lebanon. Tehran has promised more funding to ...
- Iran deal includes $300 billion fund, more than half of which already committed, source saysA significant $300 billion private investment fund is part of a U.S.-Iran framework agreement. More than half of this amount is already com...
- Why market rallied today? Sensex zooms 1,700 points, Nifty closes above 23,600. 4 key factors behind Rs 10 lakh crore gainsSensex and Nifty surged 2% each, adding Rs 10 lakh crore in market cap, as easing oil prices and US-Iran peace hopes boosted sentiment. Bro...
- Firms defaulting on labour wage may face ban from govt tendersCentral agencies can now ban contractors from government projects for failing to pay worker wages or social security contributions. Repeat ...
- Minority affairs ministry plans major AI rolloutThe minority affairs ministry is integrating artificial intelligence into its services. AI chatbots and voice solutions will soon support c...
- Government okays Skymap Pharmaceuticals' Rs 121-cr bid to buy IMPCLThe government has approved the sale of Indian Medicines Pharmaceutical Corporation Ltd. Skymap Pharmaceuticals Pvt Ltd will acquire the co...
- Oil slump, central bank support manifest in rupee’s three-day winning streakThe Indian rupee saw its longest winning streak in a month, closing stronger against the dollar. This rise was driven by the Reserve Bank o...
- India's steel ministry flags met coke shortage, seeks withdrawal of anti-dumping dutyIndia's Steel Ministry wants finance ministry to remove import duties on met coke. Domestic supplies are low and prices are high. Steel man...
- DA hike for Gramin Dak Sevaks: Postal employees to get 60% DA from this date; see impact on their payoutsGramin Dak Sevaks (GDS) will now receive a Dearness Allowance (DA) of 60% of their basic Time Related Continuity Allowance (TRCA) starting ...
- Railway pensioners get DR hike: What will be monthly increase in their pension after dearness relief increases?Railway pensioners and family pensioners will receive a Dearness Relief hike. Their relief will increase from 58% to 60% of their basic pen...
- Finance Ministry cracks down on contractor wage delays with new procurement rulesGovernment contracts now require adherence to labour laws. Firms failing to pay wages or deposit social security contributions face debarme...
- Finance ministry links government procurement with labour law complianceAn office memorandum dated May 8, 2026, issued by the procurement policy division of the department of expenditure to all central ministrie...
- Govt land transfer code set up to pare disputes, boost monetisationThe Centre has introduced a nationwide framework for central government land transfers to curb disputes and boost asset monetisation. This ...
- NPS pensioners to get fixed medical allowance directly in their accounts without submitting billsNational Pension System (NPS) pensioners and family pensioners will now receive their Fixed Medical Allowance (FMA) directly in their bank ...
- APY crosses 9 crore subscribers: More Indians are investing in Atal Pension Yojana for retirement income; check its benefitsAtal Pension Yojana has reached a historic milestone with over 9 crore subscribers. Financial year 2025-26 saw the highest enrolments since...
- Samsung Electronics eyes investment in chip packaging plant in VietnamSouth Korean tech giant Samsung Electronics is set to invest in a new chip packaging factory in Vietnam. The Vietnamese Ministry of Finance...
- Central govt employees not covered under PLB scheme to get upto Rs 7,000 as monthly ad-hoc bonusThe grant of non productivity-linked bonus (non-PLB) or ad-hoc will be applicable only to those employees who were in service on March 30, ...
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