ROPA 2019- 6th Pay Commission Calculator
This 6th Pay Commission Calculator / 6th Pay Commission Salary Calculator is applicable for all West Bengal Government Employees with effect from 01.01.2020.
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West Bengal Primary Teacher Salary With Revised Grade Pay w.e.f 01.08.2019
The School Education Department, Government of West Bengal, has finally recognized the need for the elevation of Band Pay or Pay Scale of Primary Teacher in West Bengal against their 14 days long hunger strike and protests. Vide Notification No. 510-SE/P/10M-06/09(PT-I). TET. Dated, the 26th July 2019, the Grade Pay of Trained and Untrained Primary Teachers have … Read more
ROPA 2019 Gratuity Arrear Calculation w.e.f 01.01.2016
Learn How to Calculate ROPA 2019 Gratuity Arrear w.e.f 01.01.2016 The Pension Branch, Finance Department of Government of West Bengal vide Notification No: 536-F(Pen) dated 1st October 2019 has superseded the provisions of old Notification No:201‐F(Pen), dated 25.02.2009 regarding payment of Death cum Retirement Gratuity. This new Notification No: 536-F(Pen) states that the maximum amount … Read more
WB ROPA 2019 Salary Calculator w.e.f 01.01.2020
*WB ROPA 2019 Highlights*
• WB ROPA 2019 is applicable from 1st January 2020.
• Pay has been fixed notionally from 01.01.2016.
• No arrear salary has been announced here.
• No DA has been announced here.
• New revised HRA has been set to 12%.
• Maximum HRA allowance is capped at Rs.12000.
• 2.57 Multiplier factor has been taken into consideration.
• Medical Allowance has been increased to Rs.500.
• Default increment is set to July every year.
What is A GDR or Global Depository Receipts
Global Depository Receipts Meaning, Features Global Depository Receipts or GDR means negotiable instruments issued by a domestic company in the abroad to raise funds in the home country. A Global Depository Receipt is generally denominated in US Dollar terms. So in simple terms, it can be said that under the Global Depository Receipts arrangement, a … Read more
Encumbrance Certificate – 6 Unknown Facts to know
Encumbrance Certificate states whether a property is free from any title or ownership. Encumbrance Certificate states if the property is exposed to any monetary or legal dues. This acts as one of the mediums to identify the monetary and legal dues for the property in question.
Interest Rate Swap/Example/Valuation
What is an Interest Rate Swap? How to value Interest Rate Swap? Interest Rate Swap is a forward contract or agreement between two or more parties to exchange interest payment obligations in the future. This agreement clearly defines when the cash flows are to be exchanged and the manner of their calculations by taking into … Read more
Indian Mutual Fund Industry 2019 – 5 unknown facts
Indian Mutual Fund Industry Analysis. 5 crucial facts you must know. Indian Mutual Fund Industry is going through a very tough phase for the last couple of months, specifically for the last 12 months or so. The Assets Under Management (AUM) of the Indian Mutual Fund Industry reached ₹24 Trillion in 2018. Everyone was hoping … Read more
What is Retirement Planning-Retirement Corpus Meaning
What is Retirement Planning and retirement corpus meaning? If we analyse India’s current demographic conditions in 2018, we would find that 41.08% of the total population belongs to 25 to 54 Years age bracket i.e. around 52.65 Crores people and 17.90% of the population belongs to 14 to 24 years age bracket i.e. around 23.94 … Read more
What is BSBD account? Basic Savings Bank Deposit Account
What is BSBD account? Do you have a Basic Savings Bank Deposit Account? Today I have received an SMS from RBI saying “Don’t you want to keep a minimum balance in your account and won’t have more than four debits in a month? Open BSBD account! Therefore, this message of RBI prompted me to write … Read more