DA HIKE FOR BANK EMPLOYEES
Old vs new tax regime: Key differences that you must know before ITR filing for tax year 2026-27
The new tax regime offers lower rates but removes many deductions, making a thorough comparison with the old regime crucial. While both regimes allow certain allowances and perquisites, understanding these benefits, like meal vouchers and motor car perquisites, is key to minimizing your tax burden for FY 2026-27.
SBI employees’ 2-day strike on May 25, 26: Pension fund manager option to ‘NPS employees’, parity issue among 16 demands
SBI employees' nationwide strike May 25, 26: The demands raised by the federation include recruitment of messengers and armed guards, adequate staffing, and stopping outsourcing of permanent roles. AISBISF has also underlined issues like pension related concerns under the National Pension System, lack of inter circle transfers for employees recruited after 2019.
Global Markets | Australian shares fall as RBA rate hike hits financials, miners
Australian shares saw a slight dip on Tuesday. The Reserve Bank of Australia increased its cash rate by 25 basis points. This move was anticipated by markets. Inflation remains a concern due to rising oil prices. The central bank also lowered its economic growth forecast. Financial and mining stocks experienced declines. Energy and technology sectors showed gains.
8th Pay Commission fitment factor demand: Railway employee body demands multiple fitment factors; minimum pay of Rs 52,600
The Indian Railways Technical Supervisors’ Association (IRTSA) has submitted a memorandum to the 8th Pay Commission demanding five distinct fitment factors for its technical staff, citing job complexities and hazards. They also proposed a 5% annual increment, a promotional increment equivalent to two annual increments, and a separate CPI for calculating Dearness Allowance.
‘Won’t let me leave my desk’: New employee complains about micromanaging boss. Shares frustrating workplace experience
A viral Reddit post details an employee's struggle with an excessively controlling manager who micromanages activity, insists on constant camera use, and dictates work location. Despite meeting all job requirements, the employee faced criticism for a minor seating change, highlighting the detrimental impact of such oversight on morale and job satisfaction.
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He left despite company offering him more than twice his salary to stay, took a job that paid less: 'Companies don't reward loyalty but...'
A top performer quit after three years of modest pay increases, feeling unappreciated. His former company then offered double his salary, but it was too late. He accepted a lower offer elsewhere, prioritizing acknowledgment over just money.
DA hike for bank employees: What will be monthly salary hike for employees of different stages, scales and basic pays?
Bank employees will see a slight increase in their take-home pay as the government has raised Dearness Allowance (DA) from May 1, 2026. The DA has been revised to 25.70%, a 0.70% hike from the previous quarter's 25%. This adjustment impacts salaries across various pay scales for the May-July period.
8th CPC demands: Old Pension Scheme option for NPS subscribers; 65-year retirement age for teachers; what this employee body expects from 8th Pay Commission
The All India NPS Employees' Federation met with the 8th Pay Commission chairperson and other members. It proposed allowing central government NPS subscribers to switch to Old Pension Scheme after completing certain years in service. It has also requested raising the retirement age for central government teachers to 65.
Employee expecting 'good appraisal' gets shocked after salary decreases due to increment. 'There was nothing I could do'
A Reddit user shared his experience of expecting a strong appraisal after joining a company just before the review cycle, only to receive an 8% increment that he felt was underwhelming. Things became more confusing when his next salary credit showed a drop in take-home pay, which he attributed to moving into a higher tax slab, though others suggested payroll structure and deductions could also be responsible.
Hike in minimum EPS pension of Rs 1,000 under consideration by EPFO: Know who will benefit and how?
EPFO members' long wait for a higher minimum monthly pension under EPS-95 may soon end. The Ministry of Labour and Employment is reportedly considering an increase from the current Rs 1,000. This move is expected to benefit many eligible EPFO members.
‘I go home so she can rest’: Top-performing employee rejects promotion after wife gives birth.
A talented employee declined a significant promotion and salary hike. The decision stemmed from his wife's recent childbirth. Accepting the new role would have meant relocation and longer hours, impacting his ability to support his wife and newborn. He chose to remain in his current position, valuing crucial family time over career advancement during this important life phase.
Shikhar Dhawan launches first high performance centre under Da One Sports in Gwalior
Cricketer Shikhar Dhawan has opened the first High Performance Centre in Gwalior. This facility aims to develop young cricket talent from smaller cities. It offers professional coaching and sports science support. The initiative plans to expand nationwide. This creates a stronger pathway for aspiring cricketers. Admissions are now open for talented players.
Employee fired for Rs 2 lakh embezzlement but wins case in Supreme Court as employer conducted enquiry without witnesses
An employee fired for Rs 2 lakh embezzlement has won a significant victory in the Supreme Court. The apex court ruled that the employer's inquiry was flawed as it lacked witnesses. Consequently, the employee's dismissal and recovery order were set aside. The employer now has the option to conduct a fresh inquiry within six months.
8th Pay Commission deadline extension: Employee bodies can now submit their memorandum till May 31, 2026
The 8th Pay Commission has extended the deadline for memorandum submission to May 31, 2026, a month after the NC-JCM requested the extension. While the new date accommodates many employee and pensioner groups, the commission will only accept online submissions via a specified link, rejecting all physical copies, PDFs, and emails.
Infosys non-committal on pay hikes, keeps employees guessing
Infosys management remained non-committal on salary revision timelines during a recent town hall, citing macroeconomic conditions and client spending. Employees expressed disappointment as the company has not yet decided on wage hikes, with a four-month delay in communication already observed. This comes as Infosys forecasts cautious revenue growth for 2026-27.
8th Pay Commission for postal employees: Rs 1.12 lakh basic pay proposed for postman; what postal employee body wants from 8th CPC
Federation of National Postal Organisations's (FNPO) memorandum included issues related to postal assistants, sorting assistants, postmen, mail guards, civil wing, admin offices, accounts, marketing executives, systems administrators, development officers (PLI), among others. Here are the key demands of FNPO from the 8th Pay Commission.
8th Pay Commission for central government teachers: Rs 50,000 minimum pay for Level 1 employee, up to 3.83 fitment factor; what employee body wants from 8th CPC
The employee body representing central government teachers from Union Territories is seeking significant pay hikes in their salaries in the 8th Pay Commission. Pragatisheel Shikshak Nyaya Manch (PSNM) has submitted a memorandum demanding a minimum basic pay of Rs 50,000 for a Level 1 employee and a fitment factor up to 3.83.
Quote of the Day by Portuguese Philosopher Agostinho da Silva: ‘Don’t make too many plans for your life, so as not to ruin those…’
Portuguese philosopher Agostinho da Silva's quote encourages flexibility. He believed overplanning hinders life's unfolding. Da Silva, an unconventional thinker, championed freedom and intuition. His philosophy suggests trusting life's flow. This approach allows for growth and unforeseen experiences. His legacy emphasizes intellectual freedom and curiosity over rigid structures. Embrace the unexpected for a richer life.
8th Pay Commission demands: Rs 72,000 as minimum pay and fitment factor of 4.0; why this employee body wants 4x salary hike
The Bharatiya Pratiraksha Mazdoor Sangh (BPMS) has proposed a significant overhaul for the 8th Pay Commission, demanding a minimum basic salary of Rs 72,000 and a fitment factor of 4.0. The union also seeks to increase the annual increment from 3% to 6% and expand salary calculation to five family units.
DA hike announcement: How salaries of Level 1-18 employees will rise after 2% dearness allowance hike
DA hike for central government employees: A 2% hike in DA will take it from its current rate of 58% to 60%. With this hike, dearness relief (DR) for pensioners has also been increased to 60%. The announcement is for January 2026 and central government employees and pensioners will get arrears from the back date.
Cabinet clears 2% DA hike as pay demands build ahead of 8th Pay Commission
Central government employees will see a 2% Dearness Allowance increase. This modest salary boost comes as employee unions push for significant pay restructuring. The National Council–Joint Consultative Machinery has proposed a higher fitment factor. This could substantially increase the minimum basic pay, impacting the overall salary structure.
DA hike delay: NC-JCM seeks cabinet secretary's intervention for dearness allowance announcement
While the NC-JCM reached out to the cabinet secretary, one of its affiliated bodies, the Confederation of Central Govt. Employees & Workers, organised a nationwide lunch-hour protest on Thursday (April 16, 2026) to voice their frustration over the delay in announcing the DA hike. The confederation also wrote a similar letter to the cabinet secretary on April 14, 2026.
DA hike delay: Central government employee body to hold protest over dearness allowance delay
In a letter to the Cabinet Secretary of India, the Confederation of Central Govt. Employees & Workers (CCGEW) writes that its affiliated organisations will hold a lunch hour protest at all work places on April 16, 2026. The government last announced the DA hike in October 2025, which was for July 2025. While central government employees and pensioners have got their arrears for that hike, their wait for the January 2026 DA hike is still not over.
DA hike delay: Will government skip it or just postpone it? Experts weigh in
Central government employees are eagerly awaiting their dearness allowance hike. The announcement, usually made earlier, is now delayed. Experts suggest this is due to administrative transitions and the upcoming 8th Pay Commission. Employees will receive arrears from January 1, 2026, regardless of the announcement date. The government is expected to issue the official order soon, possibly by mid-April.
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