7th Pay Commission: Hike Beyond Recommendations for Central Government Employees

As the elections are approaching, good number of announcements are being made to keep everyone happy. Last week it was the Karnataka State government that declared 30% hike for its state employees under the Karnataka 6th Pay Commission.

Today, it’s the time for the central government employees to rejoice, as the recent news items are pointing

Karnataka 6th Pay Commission: 30% Hike Recommended

When the elections are upcoming, the governments often leave no stone un-turned to gain support.
Same appears to be the case with Karnataka, where the pay hike recommendation by the Karnataka 6th Pay Commission has been on the higher side.
As per the available

Andhra Pradesh 30% HRA Increase and Other Benefits

Its raining benefits and perks for the government employees of the newly carved state capital of Amravati in Andhra Pradesh. They are set to get 30% increase in House Rent Allowance (HRA), and there are more goodies. Here are the details

Paramilitary Forces One Rank One Pension OROP Details

High on the heels of the armed forces, the paramilitary forces of India are now planning to demand for benefits under the One Rank One Pension (OROP) scheme. This article provides details about the latest developments, expected benefits, costs, and impact areas for One Rank One Pension (OROP) for Paramilitary Forces

BMC Under Process to implement Seventh Pay Commission: Expect 15%-30% Pay Hike

As per the available news, BMC is expected to be under process to implement the recommendations of the Seventh Pay Commission for its employees.
As per the guidelines issued by the central government, BMC was required to prepare a report regarding implementation of the seventh pay commission as applicable to BMC. It is learnt that BMC has already started the work towards report preparation.

The recommendation is that BMC employees may see 15% to 30% pay hike after

Seventh Pay Commission Recommendations Report: 20%-40% Pay Hike for Central Government Employees

It is learnt that the government appointed Seventh Pay Commission is actively working on drafting the recommendations for increase in salaries of lakhs of central government employees. It is expected to submit its recommendations to the government by this year end. In what could be a the biggest bonanza of all times, it is expected that central government employees can receive salary increase in the range of 20% to 40%

Dearness Allowance for Central Government Employees: Expected to go upto 80%

Earlier in the year 2012 and 2011, there were good news about Dearness allowance increase for the central government employees under the sixth pay commission and we had covered the details in the following articles, 7% DA Dearness Allowance Increase for Central Government Employees and then Government approves 6% hike in DA: Dearness Allowance now at 51%: Sixth Pay Commission Recommendation
Dearness Allowance for Central Government Employees: Expected to go upto 80%
Details about Dearness Allowance for Central Government Employees, which is expected to increase by 8% from current 72% t 80%
Today can be a big day for Central Government Employees as there are expectations that the dearness allowance can be increased from 72% to 80%.

IIB Inflation-Indexed Bonds India (TIPS Bonds India) Details

As per the news details available, the Reserve bank of India (RBI) is expected to launch the Indian version of TIPS bonds (Commonly known as Treasury Inflation Protected Securities) and quite popular in countries like USA. In India, these bonds will be known as IIB or Inflation-Indexed Bonds and are expected to be launched within a month i.e. by May 2013.
Let's see some details of these IIB (or TIPS) bonds in India.

Return Calculations: LIC Jeevan Sugam Policy

Continuing further from our previous article LIC Jeevan Sugam Policy Review, here are the further details on Return Calculations.

Is the LIC Jeevan Sugam Policy worth investing?
Going by the example cited on LIC's official website, they quote a scenario of a 30 year old person

LIC Jeevan Sugam Policy Review

Details, Review and Analysis about LIC Jeevan Sugam Policy.
LIC or Life Insurance Corporation of India, the largest insurance company of India, has recently come out with its new launch called "LIC Jeevan Sugam Policy". In this article, we will see whether this LIC Jeevan Sugam Policy offers anything new and unique, whether investors should consider this policy for investment or insurance or both (or none), whether this policy has any better competitor products available in the market which can be looked upon.

IndiaBulls Income Fund NFO: Review Analysis & Details

Details about IndiaBulls Income Fund: Review, Analysis, Details & Investment Opinion.
A new debt or fixed income based mutual fund is now open in the Indian markets. The fund belongs to IndiaBulls Asset Management mutual fund house and is called the IndiaBulls Income Fund. As the name suggests, this fund will collect money from Indian investors and invest it in the Debt instruments and securitized debt instruments for a steady return. It's an open ended debt scheme which means that any no. of investors with any amount can invest in this fund.

In this article, we will analyze how good is this IndiaBulls Income Fund NFO,

India Budget Date 2013-14: Expected 28 February 2013

Like last year we had provided the information about the Indian Budget Dates 2012, this year again we provide the information as available at this moment about the Budget Dates.

In this article, we cover details about Indian Budget Date for the year 2013-2014 for the General Annual Union Budget. Also covered are the details for expected dates of Railway Budget for India for the year 2013-2014

General Union Budget 2013 Date India:

Since this year, there are no elections pending around the months of February and March, the budget is expected to come at the usual time.The date of General Union Budget of India for the year 2013-2014 is now expected to be as 28 February 2013
This information is based on the ticker coming up on few business news channels which show the budget date as "33 days to go" on 25 January 2013. By that calculation, the budget date comes as 28th February 2013.

Reliance My Gold Plan: Review, Analysis & Details

This article contains Details Analysis & Investment opinion about Reliance My Gold Plan
Reliance Money/ Reliance Capital, through its Relaince Money Precious Metals company, has come out with another gold based investment scheme. Reliance is a big name trusted by many specially in India and their investment arm is not leaving any possibility to capitalize on that brand name. Reliance already has a lot of gold based schemes, namely Reliance Gold Savings Plan and Reliance Gold ETF, and this is another ariant of the same gold based investment scheme which is now available to small investors.

NSE-BSE Holidays 2013: List-India Stock Exchange (Stock Market) Holidays 2013

Details about BSE Holidays List 2013 / NSE Holidays List 2013
The year 2012 is coming to a close.

CARE IPO: Review Analysis & Details of CARE Rating Agency IPO

CARE IPO Details, Review, Analysis, Opinion and information on CARE Rating Agency IPO
You may have heard a lot about rating agencies like S&P, Moody's, etc. and related news items like "S&P downgrades XYZ country or stock" or "Moody's upgrades rating of this country from BB to BB+" and so on. So basically, these rating agencies "rate" companies, businesses, countries and similar entities. These ratings are then used by traders and investors to make trading and investment decisions and that's the business of these rating agencies. Similarly, CARE is one of the rating agencies in India and it is planning to come out with its IPO or initial Public Offering.
In this article we will look upon the Details, Review, Analysis of the CARE IPO.

PC Jeweller IPO: Review Analysis & Details of PC Jeweller IPO

PC Jeweller IPO Details, Review, Analysis, Opinion and information on PC Jeweller IPO
You may have seen a lot of TV and print ads from a jeweller, offering purchase of gold ornaments on EMI where last 2 installments will be paid by the jeweller. That's PC Jeweller. and it is planning to come out with its IPO or initial Public Offering.
In this article we will look upon the Details, Review, Analysis of the PC Jeweller IPO.

Bharti Infratel IPO: Review Analysis & Details of Bharti Infratel IPO

Bharti Infratel IPO Details, Review, Analysis, Opinion and information on Bharti Infratel IPO
Bharti Infratel, which is a subsidiary of Sunil Mittal led Bharti Airtel company is planning to come out with its IPO or initial Public Offering.
In this article we will look upon the Details, Review, Analysis of the Bharti Infratel IPO.

Unemployment Insurance India: New Insurance Product for Job Loss

Details about Insurance Products for Unemployment Insurance and Job Loss Insurnace in India. Such insurance provides cover in case the insured looses his job or earnings and these insurance policies will take care of the select items of cost of living
Unemployment Insurance is a new concept to India.

List of Banks offering Priority Banking / Wealth Management Services

What are the banks offering Priority Banking / Wealth Management Services in India?
Priority Banking / Wealth Management Services have been there in India since a long time (atleast 6 years now). Almost all private banks offer this service, and some public sector banks all offer it.
Continuing further from our past article Priority Banking / Wealth Management Services: The reality of services offered, Here is the indicative list of banks which offer Priority Banking / Wealth Management Services in India

Priority Banking: The reality of services offered

I am fine with these indirect charges, as I will get Priority Banking / Wealth Management Services ?
That depends upon your personal expectations and comfort.