What is NPA in Salary?

Posted on by Author

What is NPA in Salary?

Non practicing Allowance (NPA) is to be added to the minimum of the revised pay band plus grade pay for determining minimum guaranteed pension for stepping up consolidated pension/family pension as on 1.1.

What is the Salary of pay grade 4200?

The posts which falls under Grade Pay 4200 includes Junior Engineer (JE), Assistant Teacher, Librarian, Accountant, Office Superintendent, Primary Teacher etc. Candidates on these posts are given Salary as per 4200 Grade Pay and Pay Scale 9300-34800. The starting basic pay of this pay scale is Rs. 35400 per month.

Who is eligible for NPA?

To receive this allowance one needs to fulfil some criteria. The main criterion to receive the NPA is to have a minimum medical degree from a recognised organisation. Also as per the rules whoever is receiving the NPA shall not be involved in any private practice during their service, leave or after retirement.

READ:   Is Google speech to text API open source?

What is mean by NPA?

Non Performing Assets
Definition: A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days. Description: Banks are required to classify NPAs further into Substandard, Doubtful and Loss assets. 1.

How DA is calculated in private sector salary?

Calculation of Dearness Allowance

  1. For Central Government employees: Dearness Allowance \% = ((Average of AICPI (Base Year 2001=100) for the past 12 months -115.76)/115.76) *100.
  2. For Central public sector employees: Dearness Allowance \% = ((Average of AICPI (Base Year 2001=100) for the past 3 months -126.33)/126.33) *100.

What is NPA according to RBI?

A ‘non-performing asset’ (NPA) was defined as a credit facility in respect of which the interest and/ or instalment of principal has remained ‘past due’ for a specified period of time. The specified period was reduced in a phased manner as under: Year ending March 31. Specified period. 1993.

How can I recover my NPA?

Mainly recovery is done through the following aspects:

  1. Lok Adalats. The Lok Adalat is one of the alternative dispute redressal mechanisms set up by the government.
  2. Debt Recovery Tribunals (DRTs)
  3. Sarfaesi Act.
  4. Insolvency And Bankruptcy Code (IBC)
READ:   Why do I raise my arm while sleeping?