BANK EMPLOYEE DA WILL DECREASE FROM MAY 2025 MINIMUM 21 POINT OR 1.23% AND MAXIMIM 24 POINT OR 1.44%

Expected DA Calculation Updated on 01.04.25 on the basis of CPI for the month of Feb'25 with the assumptions of CPI for Mar'25. The CPI for the month of Feb'25 announced on today 01.04.25 as 142.80 with a decrease of 0.40 points from Jan'25. (as per revised base year 2016) (The base year was changed from Oct 2020)

1. On assumptions if there is a decrease in CPI index by 0.30 points in the month of Mar'25 (However other than vegitables in this month the prices are rising regularly of commonly required daily needs / items and commodities which is making month over month difficult to manage family budget). Accordingly, on this assumption, we may expect there would be a decrease of 1.40% DA in terms of 12^th BPS on revised pay. Total 19.80% DA will become payable from May'25.
2. On assumptions if there is a decrease in CPI index by 0.20 points in the month of Mar'25, we may expect there would be be a decrease of 1.36% DA in terms of 12^th BPS on revised pay. Total 19.84 percentage of DA will become payable from May'25.
3. On assumptions if there is an increase in CPI index by 0.20 points in the month of Mar'25, we may expect there would be be a decrease of 1.23% DA in terms of 12^th BPS on revised pay. Total 19.97 percentage of DA will become payable from May'25.

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Difference of UPS from OPS and NPS: Rajya Sabha QA

Difference of UPS from OPS and NPS: Rajya Sabha QA

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES

RAJYA SABHA
UNSTARRED QUESTION NO. 3440

ANSWERED ON TUESDAY, 01 APRIL, 2025/ 11 CHAITRA, 1947 (SAKA)

DIFFERENCE OF UPS FROM OPS AND NPS

3440. Shri Parimal Nathwani:

Will the Minister of Finance be pleased to state:

(a) the details of how the new Unified Pension Scheme (UPS) differs from the Old Pension Scheme (OPS) and/or the National Pension Scheme (NPS);

(b) the details of State Governments who have shown interests to implement the same in their respective States for their employees; and

(c) whether the Central Government mulls extending additional financial support etc to the State Governments that adopt the UPS, if so, the details thereof?

ANSWER
MINISTER OF STATE FOR FINANCE
(SHRI PANKAJ CHAUDHARY)

(a) Unified Pension Scheme (UPS) has been notified by the Government on 24.01.2025, as an option under National Pension System (NPS) with the objective of providing assured monthly payout after retirement to the Central Government employees covered under the NPS.

UPS is defined contribution scheme with elements of defined benefit. It relies on the regular and timely accumulation and investment of applicable contributions (from both the employee and the employer) for assured payout to the employees.

The Old Pension Scheme is a defined benefit non-contributory scheme, fully funded by Government. It is applicable to Central Government employees who have joined the service on or before 31.12.2003 The National Pension System (NPS) is a defined contribution-based scheme with market linked returns for post-retirement benefits. It is applicable to Central Government employees, except armed forces, who have joined the service on or after 01.01.2004

(b) and (c) The regulation of service conditions of State Government employees falls under the administrative domain of respective State Governments.

Madras High Court Sentenced Bank Employee and Wife to 5 years Jail

The Madurai Bench of the Madras High Court has sentenced five people, including former officials of the Debt Recovery Tribunal (DRT), Madurai, and a bank manager, to five years of rigorous imprisonment (RI) and a total fine of ₹27 lakh.

Who Are the Convicted People?

The people sentenced by the court are:

1. Shri S. Kasimayan – Former Recovery Officer at DRT, Madurai.
2. Shri Selvaraj – Former Upper Division Clerk (UDC) at DRT, Madurai.
3. Shri N. Venkeeshwaran – Former Branch Manager of Dhanalakshmi Bank, Madurai.
4. Shri R. Rajesh Kannan – A private individual.
5. Smt. R. Anitha – Wife of Shri Selvaraj (the accused UDC of DRT, Madurai).

What Was the Crime?

The CBI (Central Bureau of Investigation) filed a case on March 30, 2009, against these individuals. It was found that in 2008, Shri S. Kasimayan, who was the Recovery Officer at DRT, fraudulently lowered the “Upset Price” of properties (the minimum price at which a property can be sold in an auction).

These five people conspired together to fix property prices much lower than the actual market value, causing a financial loss to the bank and the property owner. Meanwhile, they gained an unfair financial advantage for themselves.

Court Decisions Over the Years

1. CBI filed a chargesheet on June 6, 2011, after completing its investigation.
2. Trial Court Decision (December 7, 2016): The Trial Court acquitted all the accused, meaning they were found not guilty at that time.
3. CBI Appeals: CBI was not satisfied with the acquittal and filed an appeal against this decision.
4. High Court’s Decision: The Madurai Bench of the Madras High Court reviewed the case and overturned the acquittal, sentencing all five accused to five years of rigorous imprisonment (RI) and fines:
   • Shri S. Kasimayan and Shri N. Venkeeshwaran – ₹6 lakh each
   • Shri Selvaraj, Shri R. Rajesh Kannan, and Smt. R. Anitha – ₹5 lakh each

Latest Development – Supreme Court’s Decision

One of the accused went to the Supreme Court for relief. On March 27, 2025, the Supreme Court allowed the High Court to continue with the sentencing but ruled that the punishment will remain suspended for three weeks.

Following this direction, the Madurai Bench of the Madras High Court has suspended the sentence for now.

Bank Employees attacked in Maharashtra for not speaking Marathi

Disturbing events have been reported from Maharashtra where Bank Employees have been beaten for not speaking Marathi. 

Pune: Bank Employee beaten by MNS Workers for not speaking Marathi in Lonavala.

Bank Employee and His Wife missing in Jabalpur, Wife accused of Harassment

Anand Dubey, who works in a private bank in Jabalpur, and his wife Nibha have mysteriously gone missing. This came to light after Anand’s brother-in-law, Vinod, filed a complaint at the Aadhartal police station. Following the complaint, the police started investigating the case.

According to the family, Anand had been under a lot of stress since his marriage. There were frequent arguments between him and his wife, which made the situation tense. His family members tried several times to help them resolve their issues, but nothing worked.

Anand belongs to Kushli village in the Katangi police station area, and his wife Nibha is from the same place. Recently, Anand recorded a video in which he appeared very upset and accused his wife of harassing him.

In this four-minute-long video, Anand is seen crying and expressing his pain while sitting on the back of a bike. He says that he loves his wife very much, but she often fights with him over small issues. He also claims that she frequently records videos of him and threatens to falsely accuse him. At the beginning of the video, Anand also mentions that not only women but men too can be victims of domestic violence.

After this video went viral, his wife Nibha also went missing. Police station in-charge Rajkumar Khatik said that a missing person’s report has been filed. The police are now trying to find out whether Anand turned off his phone by himself or if something bad has happened to him. A police team is actively searching for both of them.

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