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Centre's contribution to NPS hiked to 14% of basic salary

Monday, December 10, 2018, 8:04 PM

In a bid to make retirement income scheme more attractive for central government employees, the government has agreed to chip in a higher 14 per cent of the basic salary of an individual as its contribution to the National Pension System (NPS), a top source said. The move would benefit over 36L central government employees. However, in 2009, it was opened to all sections.
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RBI keeps repo rate unchanged at 6.5%, stance remains unchanged

Wednesday, December 5, 2018, 8:46 PM

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday kept key lending rate unchanged at 6.5 per cent after the conclusion of its fifth bi-monthly policy review. Not only did the 6-member committee decide to keep the repo rate (the rate at which RBI lends money to banks) unchanged, but also kept its 'calibrated tightening' stance in tact.
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Most Central Govt Department Websites Lack Self Disclosure: Audit

Wednesday, November 21, 2018, 4:29 PM

Most of the central government department websites lack in self disclosure of public information under a mandatory provision of the Right to Information (RTI) Act, according to an official report. It said the ultimate objective of transparency by them can be performed only by the government who control all supply side of information.

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