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Members of Parliament have a base salary of ₹100,000 (US$1,200) plus other allowances. The Chief Ministers of Indian states have varying salaries, with Telangana 's Chief Minister earning the highest at ₹400,000 (US$4,800) per month.
The Pay Commission is a committee constituted by the Government of India decennially, responsible for tabling recommendations regarding changes in the salary structure of federal employees, both civilian and defence. Established in 1947, seven pay commissions have been set up each decade since India's independence to review and provide ...
On 23 August 2003, the Interim Pension Fund Regulatory & Development Authority (PFRDA) was established through a resolution by the Government of India to promote, develop and regulate pension sector in India. [3] The contributory pension system was notified by the Government of India on 22 December 2003 to the National Pension System (NPS) with ...
The Ministry of Personnel, Public Grievances and Pensions is a ministry of the Government of India in personnel matters specially issues concerning recruitment, training, career development, staff welfare as well as the post-retirement dispensation. The ministry is also concerned with the process of responsive people-oriented modern administration.
Indian Defence Accounts Service (IDAS) (Hindi: भारतीय रक्षा लेखा सेवा) is a Central Group 'A' Civil Service of the Republic of India established to provide Financial Advice, Payment, Accounts and Audit services to the Defence Services i.e. Indian Armed Forces (viz Army, Navy, Air Force and Coast Guard) and other allied organisations viz. Defence Public ...
The National Pension System (NPS) is a voluntary defined contribution pension system administered and regulated by the Pension Fund Regulatory and Development Authority (PFRDA), created by an Act of the Parliament of India. The NPS started with the decision of the Government of India to stop defined benefit pensions for all its employees who ...
In this system, an employee contributes 10% to 12% of his monthly salary here and his employer contributes a matching amount, with a total contribution of 20% to 24% of the employee's gross salary, while the state contributes an additional 1.16%, which makes it a total of 25.16% of the employee's gross salary.
Pages for logged out editors learn more. Contributions; Talk; Ministry of Personnel, Public Grievances and Pensions (India)