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Daily Archives: July 28, 2023

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Breaking: 100% DA neutralisation for Bank pensioners/family pensioners retired before 1st November 2002  

Bank StaffBy Surendra NaikJuly 28, 2023

Excerpts of minutes of understanding arrived at between IBA and UFBU during the meeting held in Mumbai on 28 July 2023 attached below. Where the Dearness Allowance Scheme is applicable to employees, officers, and retired up to 31st October 2002 was based on a tapering percentage formula and multiple slab systems and  Where the Dearness…

Whether you can refuse to accept coins beyond a limit?

Reserve Bank Functions and newsBy Surendra NaikJuly 28, 2023

The coins issued by the Government of India under Section 6 of The Coinage Act, 2011, shall be legal tender in payment or on account provided that a coin has not been defaced and has not lost weight so as to be less than such weight as may be prescribed in its case. However, a…

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