Andhra Pradesh appoints chairman of new pay commission

Hyderabad, Feb 28 (PTI) The Andhra Pradesh government today appointed retired bureaucrat P K Agarwal as chairman of the new Pay Revision Commission.This follows a demand by the AP Non-Gazetted Officers' Association for constitution of the PRC.
The Association served a strike notice to the government recently in support of its demand and also announced a 'Chalo Hyderabad' agitation programme.
Giving into the demand, the government today announced the constitution of PRC with Agarwal as the head.

AICPIN of January 2013 released

AICPI(Iw)20001=100, for the the month of January 2013,stood at 221 points with 2 points increase from December figure.

Highlights of the Budget 2013-14

The Union Budget for 2013-14 aims at higher growth rate leading to inclusive and sustainable development as ‘mool mantra’.

 ·        Finance Minister makes three promises: to women, youth and the poor.

Rail Budget 2014 : No fare hike but some charges up

Salient features of Rail Budget 2013-14

• 22 new lines to be taken up in 2013-14
• Superfast and Tatkal charges to rise

EPF interest rate for 2012-13 hiked to 8.5%

Retirement fund body EPFO on Monday decided to pay 8.5 per cent interest rate to its over 5 crore subscribers on their PF deposits for 2012-13, higher than 8.25 per cent provided in the previous fiscal.

The decision was taken at the meeting of the Central Board of Trustees (CBT), the highest decision making body of the Employees’ Provident Fund Organisation (EPFO).