New Retirement Policy to be implemented from today

Published on: 02 Apr, 2013
Published under: General Kerala News, Kerala Business News, Politics News Kerala

1 April 2013
Thiruvananthapuram

New Retirement Policy announced by Finance Minister K.M. Mani in his Budget speech, is crafted to align the State services with the National Pension Scheme, which is contributory. The retirement age of employees already in service would continue to be 56 years. The Finance Minister had taken the State by surprise with his decision, but was able to pull it off with the assurance that the new policy would not affect youth waiting for jobs.

Monday would also see the new revenue generation measures and concessions announced by the Finance Minister taking effect. One of the major concessions is the 2 per cent cut in stamp duty and the additional impost to check speculative purchase and sale within a short window of time. From now on, land and apartments sold by the Kerala State Housing Board will involve only 50 per cent of the stamp duty levied so far.

Source -http://www.thehindu.com/news/national/kerala/new-retirement-norm-takes-effect-today/article4569478.ece

Found Useful? Do Share: New Retirement Policy to be implemented from today:

Leave a Reply

Share Kerala News Online

Kerala Direct News

Check out the latest 2015 news from Kerala State of India. Just Kerala is the dedicated online portal to provide latest and genuine Kerala information. Kerala Live and breaking news, Top Headlines, Top stories, Politics, Movies, Sports news.

Last Updated Kerala News : 7 November, 2024