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However, employee’s contribution is 12% of the basic wage as per sec.2(b) of the act and employer’s share of contribution is also 12% of the basic wage as per sec.2(b) of the act. In employer contribution of 12%, 8.33% transfer to EPS (Employee Pension Scheme) and 3.67% transfer to EPF (Employee Provident Fund).
As of November 2012, BSEB has nearly 1,700 officers and 14,850 employees. The derated capacity comes to just 530 MW. The BSEB was unbundled on 2 August 2011. [4] Power Finance Corporation was the main consultant for BSEB's restructuring. [5] [6] BSEB formally started functioning as 5 companies on 1 November 2012, namely:
Employees: 89,432 Active personnel [1] Annual budget ₹ 8,634.21 crore (US$1.0 billion) (2024-25) [2] Jurisdictional structure; Operations jurisdiction: India: Governing body: Ministry of Home Affairs (India) Constituting instrument
Old Pension Scheme (OPS) in India was abolished as a part of pension reforms by Union Government.Repealed from 1 January 2004, it had a defined-benefit (DB) pension of half the Last Pay Drawn (LPD) at the time of retirement along with components like Dearness Allowances (DA) etc. OPS was an unfunded pension scheme financed on a pay-as-you-go (PAYG) basis in which current revenues of the ...
The Assam Rifles (AR) is a central paramilitary force [6] responsible for border security, counter-insurgency, and maintaining law and order [7] in Northeast India and in Jammu & Kashmir in lines of Rashtriya Rifles.
The Border Security Force (BSF) is the Border Service branch of the Central Armed Police Force of India. It is a paramilitary force responsible for guarding the border, particularly India’s borders with Pakistan and Bangladesh.
The notified wage today varies from a minimum of ₹ 122 (USD$1.76) in Bihar, Jharkhand to ₹ 191 (USD$2.76) in Haryana. Scheduled Castes (SCs) and Scheduled Tribes (STs) have accounted for 51 per cent of the total person-days generated and women for 47 per cent, well above the mandatory 33 per cent as required by the Act.
The Nuclear Fuel Complex (NFC) was established in 1971 as a major industrial unit of India's Department of Atomic Energy, as a nuclear plant also specializing in supply of nuclear fuel bundles and reactor core components.