Thursday, November 19, 2015
Tuesday, November 17, 2015
7th Pay Commission – HOT NEWS – The Sources indicate, the Government is in no mood to take the wrath of the Government employees and is truly in a damage control mode.
The Bihar election was seen as a referendum on Modi’s popularity ahead of his visit to the UK on 12 November. A BJP win would have greatly affected India’s opposition parties, who were badly defeated by Modi’s party during the 2014 general elections. A Bihar state election win would have also meant that the BJP would have gained more seats in the upper house of parliament, where it currently lacks a majority. As a minority in the upper house, the governing party has struggled to pass key legislation and economic reforms.
Source: 7th Pay news
Monday, November 16, 2015
SCOVA meeting was held on 13th November 2015, Honourable Minister of State (PP) & Chairman SCOVA attended. Important decisions in respect of Pre-2006 Pensioners were taken
Saturday, October 17, 2015
Friday, September 25, 2015
Friday, September 4, 2015
Wednesday, August 19, 2015
The Seventh Pay Commission, headed by justice A.K. Mathur, has sought a one-month extension from the finance ministry and is preparing to submit its report by the end of September. The commission is unlikely to recommend the lowering of the retirement age as rumoured earlier or push for lateral entry and performance-based pay.
The commission, set up once in every 10 years to review pay, allowances and other benefits for central government employees, was appointed by the previous government on 28 February 2014 and was asked to submit its report in 18 months, which falls on 31 August.
“There are some data points that are missing, which we hope to get by this month end. We are trying to submit the report by 20 September,” an official of the commission said, speaking on condition of anonymity.
The Sixth Pay Commission had submitted its report a little ahead of its deadline on 24 March 2008. The revised pay scales were implemented retrospectively starting 1 January 2006, while recommendations relating to allowances were implemented prospectively.
The finance ministry apprehends that salary and pension expenditure will both rise by around 16% in 2016-17 as a result of the implementation of the Pay Commission recommendations. This may allow capital expenditure to grow by no more than 8% during the year, leaving little room to aggressively push for an infrastructure build-up.
Friday, August 14, 2015
Saturday, July 25, 2015
Saturday, April 25, 2015
Tuesday, April 21, 2015
Tuesday, April 14, 2015
Tuesday, April 7, 2015
Tuesday, March 17, 2015
New Delhi: The Union Cabinet is likely to approve hiking dearness allowance (DA) to 113 per cent from existing 107 per cent benefiting 30 lakh central government employees and 50 lakh pensioners in its meeting scheduled in next week.“The Union Cabinet will take a proposal to hike Dearness allowance for its employees and dearness relief for its pensioners to 113 per cent in next week as per agenda listed for the meeting,” a source said.
The hike in DA would be effective from the January 1 this year.
As per practice, the government uses Consumer Price Index- Industrial Workers ( CPI-IW) data of the past 12 months to arrive at a quantum for the purpose of any DA hike.
Thus, the CPI-IW from January 1 to December 31, 2014 would be used to take a final call on the matter.
The CPI (IW) of the months January, February, March, April, May, June and July were 237, 238, 239, 242, 244, 246 and 252 respectively.
The consumer price index -industrial workers (CPI-IW) remained stationery at 253 for last five months August to December, 2014.
“The average of the consumer price index -industrial workers (CPI-IW) from January 1, 2014 to December 31, 2014 works out to be 6.3 per cent. Thus the Central government will hike dearness allowance for it employees by 6 per cent,” the source added.
However, the employees’ bodies are pressing hard to merger of 50 percent DA with basic pay but it has not been given heed by the seventh Pay Commission as well as the government.
The merger of 50 percent DA was discontinued in the Sixth Pay Commission but the Fifth Pay Commission had recommended that if the DA crosses more than 50 percent then it should be clubbed with the basic pay.