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Month: June 2024

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Overview of EPS Advance Withdrawal Changes Under the new guidelines, the EPFO has completely revised the statistical table used for calculating EPS advance withdrawal payments. This change will result in a reduction in the amounts received by employees who withdraw their EPS contributions before completing ten years of service. Previously, service duration was calculated in yearly increments, but now it will be calculated based on the exact number of months worked. Updated Calculation Method for EPS Withdrawals The Ministry of Labor has amended Table-D of the 1995 EPS Act to reflect these changes. According to EPFO regulations, employees who complete a minimum of ten years of EPS service are eligible for a monthly pension upon reaching the age of 58. Those with nine years and six months of service are rounded up to ten years, but those with less service are not eligible for a pension. Employees who do not complete ten years of service can withdraw their EPS contributions. Impact on Migrant Workers and Frequent Job Changers These changes will notably affect migrant workers and young professionals who frequently change jobs. Many such individuals tend to withdraw their EPS amounts after working for two to three years in a single organization. EPFO officials advise against withdrawing EPS contributions upon changing jobs or resignation. Instead, they recommend transferring the service to the new organization to qualify for a higher pension eventually. Detailed Breakdown of EPS Contributions Each employee's salary contribution towards EPS is 12%, matched by the employer. Of the employer's 12% contribution, 8.33% goes into the EPS, and the remaining 3.67% into the employee's EPF account. Since 2014, the EPFO has capped the maximum salary for EPS contributions at ₹15,000. Therefore, 8.33% of ₹15,000 (₹1,250) is directed towards EPS. Example Calculation Under New Rules Consider an employee with a basic salary plus DA amounting to ₹15,000 who resigns after working for six years and seven months. Under the old rules, this would be rounded up to seven years, and the payout calculated accordingly. For a salary of ₹15,000 and seven years of service, the payout ratio was 7.13, resulting in a total of ₹106,950 (₹15,000 x 7.13). Under the new rules, the exact number of months worked is considered. For six years and seven months, or 79 months, the payout ratio is now 6.69. Thus, the total amount received would be ₹100,350 (₹15,000 x 6.69). This new monthly-based calculation method will result in lower advance withdrawal amounts for employees. Uncategorized
  • June 18, 2024

New EPS Rule form EPFO, Impact on Lump Sum Withdrawal Amounts for Early Exit

Change in EPS Rule for Calculating Lump Sum Withdrawal Amount on Early Exit: Who Benefits, Who Loses? The Ministry of…
Ashok Kumar Appointed as Superintendent of Police, Jagtial Sri Ashok Kumar, IPS (RR:2019), previously serving as Deputy Commissioner of Police (DCP) in Mancherial, Ramagundam, has been transferred and appointed as the Superintendent of Police (SP) in Jagtial. He replaces Sri Sunpreet Singh, IPS (RR:2011), who has been transferred to another position. Sunpreet Singh to Lead Suryapet Police Sri Sunpreet Singh, IPS (RR:2011), formerly SP of Jagtial, is now appointed as the Superintendent of Police in Suryapet. He takes over from Sri Rahul Hedge B.K., IPS (RR:2014), who has been reassigned to a new role. Rahul Hedge B.K. Takes Over Hyderabad City Traffic Sri Rahul Hedge B.K., IPS (RR:2014), has been transferred to the role of Deputy Commissioner of Police, Traffic, Hyderabad City. He replaces Sri L. Subbarayudu, IPS (SPS:2013), who has been assigned a new position. L. Subbarayudu Reports to DGP Office Sri L. Subbarayudu, IPS (SPS:2013), following his transfer from the DCP, Traffic, Hyderabad City, is now directed to report to the Office of the Director General of Police (DGP), Telangana, Hyderabad. Srinivasa Rao Appointed as SP, Jogulamba Gadwal Sri T. Srinivasa Rao, IPS (SPS:2013), previously DCP of Balanagar Zone, Cyberabad, is now the Superintendent of Police, Jogulamba Gadwal. He succeeds Ms. Riti Raj, IPS (RR:2018), who has been reassigned. Riti Raj Joins Anti-Corruption Bureau Ms. Riti Raj, IPS (RR:2018), has been transferred to the role of Joint Director at the Anti-Corruption Bureau, Telangana, Hyderabad. D.V. Srinivasa Rao Takes Charge in Komaram Bheem Asifabad Sri D.V. Srinivasa Rao, IPS (SPS:2013), previously DCP of Medchal Traffic, Cyberabad, is now the SP of Komaram Bheem Asifabad, replacing Sri K. Suresh Kumar, IPS (SPS:2016). K. Suresh Kumar Moves to Balanagar, Cyberabad Sri K. Suresh Kumar, IPS (SPS:2016), has been appointed as the DCP of Balanagar, Cyberabad, succeeding Sri T. Srinivasa Rao, IPS (SPS:2013). Janaki Dharavath Assigned to Mahabubnagar Smt. Janaki Dharavath, IPS (SPS:2013), formerly DCP of South East Zone, Hyderabad City, is now the SP of Mahabubnagar, replacing Sri Harshavardhan, IPS (RR:2018). Harshavardhan Heads Cyber Security Bureau Sri Harshavardhan, IPS (RR:2018), is now the Superintendent of Police at the Telangana Cyber Security Bureau, Hyderabad, taking over from Sri Viswajit Kampati, IPS (RR:2013). Viswajit Kampati Assigned to CID Sri Viswajit Kampati, IPS (RR:2013), has been appointed as the SP of CID, filling an existing vacancy. B. Rajesh Takes Over in Shamshabad Sri B. Rajesh, previously SP (NC) at SIB Intelligence, has been transferred and appointed as DCP, Shamshabad, Cyberabad, replacing Sri K. Narayana Reddy, IPS (SPS:2013). Narayana Reddy Moves to Vikarabad Sri K. Narayana Reddy, IPS (SPS:2013), is now the SP of Vikarabad, succeeding Sri N. Koti Reddy, IPS (SPS:2013). N. Koti Reddy Appointed to Medchal Zone, Cyberabad Sri N. Koti Reddy, IPS (SPS:2013), is now the DCP of Medchal Zone, Cyberabad, replacing Ms. Nitika Pant, IPS (RR:2017). Nitika Pant Joins TGSP, Adilabad Smt. Nitika Pant, IPS (RR:2017), has been appointed as Commandant, 2nd Battalion, TGSP, Yapalaguda, Adilabad, succeeding Sri PJPC Chaterjee. PJPC Chaterjee to Report to DGP Office PJPC Chaterjee, Commandant of the 2nd Battalion, TGSP, Yapalaguda, Adilabad, is now directed to report to the DGP Office, Telangana, Hyderabad. Sharat Chandra Pawar Assigned to Nalgonda Sri Sharat Chandra Pawar, IPS (RR:2016), formerly SP of Telangana Anti-Narcotics Bureau, Hyderabad, has been transferred to the role of SP, Nalgonda, succeeding Ms. G. Chandana Deepti, IPS (RR:2012). Chandana Deepti Moves to Railways, Secunderabad Ms. G. Chandana Deepti, IPS (RR:2012), is now the SP of Railways, Secunderabad, replacing Smt. Shaik Saleema, IPS (SPS:2017). Shaik Saleema Assigned to Warangal Smt. Shaik Saleema, IPS (SPS:2017), has been appointed as DCP, Central Zone, Warangal, succeeding Sri M.A. Bari. M.A. Bari to Report to DGP Office Sri M.A. Bari, previously SP (NC), is now directed to report to the DGP Office, Telangana, Hyderabad. Patil Sangramsingh Ganapatrao Assigned to Centre for Good Governance Dr. Patil Sangramsingh Ganapatrao, IPS (RR:2015), who was waiting for posting, is now placed at the disposal of the General Administration Department for posting to the Centre for Good Governance, Telangana, Hyderabad. Sai Chaitanya Appointed to Anti-Narcotics Bureau Sri P. Sai Chaitanya, IPS (RR:2016), previously awaiting posting, is now the SP of Telangana Anti-Narcotics Bureau, Hyderabad. Sadhana Rashmi Perumal Moves to North Zone, Hyderabad Ms. Sadhana Rashmi Perumal, IPS (RR:2019), has been transferred to the role of DCP, North Zone, Hyderabad City, replacing Ms. Rohini Priyadarshini, IPS (RR:2012). Rohini Priyadarshini Assigned to Dichpally, Nizamabad Ms. Rohini Priyadarshini, IPS (RR:2012), is now the Commandant of the 7th Battalion, Dichpally, Nizamabad, succeeding Sri B. Ram Prakash. B. Ram Prakash to Report to DGP Office Sri B. Ram Prakash, Commandant of the 7th Battalion, Dichpally, Nizamabad, is now directed to report to the DGP Office, Telangana, Hyderabad. B. Raja Mahendra Naik Assigned to Jangaon, Warangal Sri B. Raja Mahendra Naik, previously SP (NC) at Intelligence, has been transferred to the role of DCP, West Zone, Jangaon, Warangal, replacing Sri P. Seetaram. P. Seetaram to Report to DGP Office Sri P. Seetaram, previously SP (NC), is now directed to report to the DGP Office, Telangana, Hyderabad. A. Bhaskar Appointed to Mancherial, Ramagundam Sri A. Bhaskar, formerly SP of Telangana Anti-Narcotics Bureau, is now the DCP of Mancherial, Ramagundam, succeeding Sri Ashok Kumar, IPS (RR:2019). These transfers and postings reflect the Telangana government's commitment to optimizing the administrative and operational efficiency of its police force, ensuring enhanced law enforcement across the state. Telangana State
  • June 17, 2024

28 Telangana IPS officers Transfers on 17 June 2024

The State government issued orders on Monday, transferring 28 IPS officers, including several district Superintendents of Police. Among the changes,…
The Hyderabad Regional Ring Road (RRR) project, a long-awaited infrastructure initiative, is set to commence construction in October, with Prime Minister Narendra Modi slated to lay the foundation stone. The project aims to enhance connectivity and ease traffic congestion across Telangana, particularly in Hyderabad and its surrounding regions. Project Details and Phases The RRR project is divided into two main components: the northern and southern sections. The northern part spans 158 kilometers, connecting key areas like Sangareddy, Narsapur, and Bhongir. The southern section covers 182 kilometers, linking Choutuppal, Chevella, and Shankarpally among others. Impact of Delays and Cost Escalation Originally estimated at Rs 9,164 crore, delays in land acquisition and project execution have pushed the expected cost to Rs 15,000 crore. Factors contributing to this escalation include increased land prices, higher material costs, and expenses related to relocating utilities. Efforts and Progress Efforts to expedite the project intensified under the current administration led by Chief Minister A. Revanth Reddy. Despite setbacks during the election period earlier in the year, significant strides have been made in land acquisition, with 75% of the required 1,935 hectares already in process. Future Milestones Telangana State
  • June 17, 2024

Hyderabad Regional Ring Road (RRR) Project Modi to Lay Foundation in October 2024

The Hyderabad Regional Ring Road (RRR) project, a long-awaited infrastructure initiative, is set to commence construction in October, with Prime…
Eight Killed in India Train Crash Tragedy struck in West Bengal as a collision between a goods train and the Kanchenjungha Express resulted in eight fatalities and left approximately 25 individuals injured. The incident occurred near New Jalpaiguri, causing significant damage and sparking immediate rescue efforts by local authorities. Details of the Incident What Happened? The collision occurred when a goods train collided with the stationary Kanchenjungha Express, leading to one of its wagons being suspended in the air. Authorities are investigating the exact cause of the accident, with initial reports suggesting a rear-end collision. Casualties and Rescue Efforts Eight people lost their lives, while around 25 others sustained injuries of varying degrees. Ambulances and disaster response teams were swiftly dispatched to the scene to conduct rescue operations. Railway officials and relief teams are working in close coordination to expedite medical aid and support to the affected. Response and Investigation NEWS
  • June 17, 2024

Fatal Train Crash in West Bengal Eight Lives Lost

Tragedy struck in West Bengal as a collision between a goods train and the Kanchenjungha Express resulted in eight fatalities…
Understanding India's Freebie Culture: The Economy We Deserve India's economic landscape is often shaped by the mindset of freebies and populism. While everyone agrees on the importance of better roads, railways, and airports to boost the economy's productive potential, there's a common expectation that someone else should foot the bill. This is the crux of the freebie culture in the country. The Historical Perspective on Economics In 1932, Lionel Robbins penned an essay titled "An Essay on the Nature and Significance of Economic Science," with the 1935 version being more widely recognized. This essay might not be as popular today, but it remains a significant read. Every economics student is familiar with Robbins' definition: “Economics is the science which studies human behavior as a relationship between ends and scarce means which have alternative uses.” He also mentioned, “The economist studies the disposal of scarce means.” This highlights that if resources were unlimited, economics as a field would not exist. The Essence of Economics: Opportunity Costs and Trade-offs A fundamental concept in economics is the opportunity cost of resources and the trade-offs involved. Paul Samuelson famously illustrated this with the "guns versus butter" dilemma: should a society invest in military equipment or consumer goods? This question emphasizes the choices societies must make due to limited resources. NEWS
  • June 17, 2024

The Impact of India Freebie Culture on Economic Progress

India’s economic landscape is often shaped by the mindset of freebies and populism. While everyone agrees on the importance of…
Extensive Raids on Belt Shops in Telangana Yield Significant Arrests and Seizures The Telangana police, led by the Commissioner’s Task Force, conducted a series of coordinated raids on illegal liquor belt shops across various precincts in the city. This crackdown, which took place on Sunday, targeted shops within the jurisdictions of Kulsumpura, Chatrinaka, Musheerabad, and Kachiguda police stations. The operation resulted in the apprehension of seven individuals and the seizure of 96.5 liters of Indian-made foreign liquor (IMFL), equivalent to 242 bottles. Raids on Belt Shops in ADILABAD Raids on Belt Shops in BHADRADRI KOTHAGUDEM Raids on Belt Shops in HANUMAKONDA Raids on Belt Shops in HYDERABAD Raids on Belt Shops in JAGTIAL Raids on Belt Shops in JANGOAN Raids on Belt Shops in JAYASHANKAR BHOOPALPALLY Raids on Belt Shops in JOGULAMBA GADWAL Raids on Belt Shops in KAMAREDDY Raids on Belt Shops in KARIMNAGAR Raids on Belt Shops in KHAMMAM Raids on Belt Shops in KOMARAM BHEEM ASIFABAD Raids on Belt Shops in MAHABUBABAD Raids on Belt Shops in MAHABUBNAGAR Raids on Belt Shops in MANCHERIAL Raids on Belt Shops in MEDAK Raids on Belt Shops in MEDCHAL-MALKAJGIRI Raids on Belt Shops in MULUG Raids on Belt Shops in NAGARKURNOOL Raids on Belt Shops in NALGONDA Raids on Belt Shops in NARAYANPET Raids on Belt Shops in NIRMAL Raids on Belt Shops in NIZAMABAD Raids on Belt Shops in PEDDAPALLI Raids on Belt Shops in RAJANNA SIRCILLA Raids on Belt Shops in RANGAREDDY Raids on Belt Shops in SANGAREDDY Raids on Belt Shops in SIDDIPET Raids on Belt Shops in SURYAPET Raids on Belt Shops in VIKARABAD Raids on Belt Shops in WANAPARTHY Raids on Belt Shops in WARANGAL Raids on Belt Shops in YADADRI BHUVANAGIRI Telangana State
  • June 17, 2024

Extensive Raids on Belt Shops in Telangana

Extensive Raids on Belt Shops in Hyderabad Yield Significant Arrests and Seizures The Hyderabad police, led by the Commissioner’s Task…
Vijayawada Metro Rail Project Hyderabad Auto Rickshaw stunt in hitech city Pawan Kalyan Movies are for fun That is not life Pawan Kalyan Throw Away The Mike BRS MLA Prakash Goud Joins Congress