Latest News

Tamil Nadu Govt declares holiday for its offices today

Advertisement

Tamil Nadu Govt declares holiday for its offices today

Chennai: Tamil Nadu government has announced today as a holiday for its offices under the Negotiable Instruments Act, as a mark of respect to late Chief Minister J Jayalalithaa.

A Government Order (GO) said the notified public holiday will apply to all state government offices, undertakings, corporations and boards.

“Under the Explanation to Section 25 of the Negotiable Instruments Act, 1881 read with Notification of the Government of India, Ministry of Home Affairs No.20-25-26, Public-1, dated 8th June 1957 the Government of Tamil Nadu hereby declares that Tuesday, the 6th of December, 2016 as a public holiday as a mark of respect to the late Selvi J Jayalalithaa, Hon’ble Chief Minister of Tamil Nadu,” it said.

The day will be also treated as a paid holiday for all industrial employees on regular work charge and industrial establishments and the labour hired on daily wages, it said.

The government also issued another order declaring three days holidays for “all educational institutions” starting today.

The holidays were being declared “as a mark of respect” to the late leader, the GO said

PTI

Stay updated on the go with CENTRAL GOVERNMENT NEWS App. Click here to download it for your device.

Be the first to comment - What do you think?  Posted by admin - December 6, 2016 at 1:26 pm

Categories: Holidays, Latest News   Tags: , ,

PARLIAMENT MARCH & RALLY OF ABOUT 20000 CENTRAL GOVERNMENT EMPLOYEES – CONFEDERATION

PARLIAMENT MARCH & RALLY OF ABOUT 20000 CENTRAL GOVERNMENT EMPLOYEES – CONFEDERATION

MASSIVE PARLIAMENT MARCH & RALLY OF
ABOUT 20000 CENTRAL GOVERNMENT EMPLOYEES
INDEFINITE STRIKE FROM 11TH JULY 2016
 
33 LAKHS CENTRAL GOVERNMENT EMPLOYEES WILL PARTICIPATE

A massive parliament march and rally of about 20000 Central Government Employees was held at Jantar Mantar, New Delhi on 24th June 2016. The rally was organized by National Joint Council of Action (NJCA) of Central Government Employees comprising Railways, Defence, Confederation and Postal organizations demanding modification in the recommendations of 7th Central Pay Commissions including minimum wage and fitment formula. Other demands are scrapping of New Contributory Pension Scheme, No FDI in Railways and Defence, Grant of Civil Servant status to Gramin Dak Sevaks, filling up of vacancies, enhancement of bonus ceiling, No outsourcing, downsizing, contractorisation and corporatisation etc.

The NJCA had already given strike notice to Government on 9th June 2016. The Modi Government is not ready for a negotiated settlement with the staff side. The rally called upon the entirely of Central Government employees to intensify the campaign and preparations and make the strike a total success.

The rally was presided by Shri. N. Raghavaiah (General Secretary, NFIR & Chairman NJCA), Coms. Shiv Gopal Mishra (General Secretary AIRF & Convenor NJCA), Sreekumar (Secretary General AIDEF) M. Krishnan (Secretary General, Confederation) R. N. Parashar (Secretary General, NFPE) Guman Singh (President, NFIR), Rakal Das Gupta (President, AIRF) K. K. N. Kutty (President, Confederation) B. C. Sharma (NFIR) S. K. Tyagi (AIRF), Mrs. Champa and Mrs. Gita Pandey addressed the rally

About 33 lakhs Central Government Employees will participate in the strike. 40 lakhs Central Government Pensioners have declared their solidarity with the strike. Central Trade Unions had also extended their full support. State Government Employees Federations have cautioned the Central Government that they will also be compelled to join the strike if Government refuse to settle the demands relating to 7th CPC recommendations as majority of the state Governments are implementing the Central pay parity to their employees also.

Source: Confederation

Be the first to comment - What do you think?  Posted by admin - June 25, 2016 at 11:04 am

Categories: Latest News   Tags: , , , ,

Holidays to be observed in Central Government Offices during the year 2017 – reg

F.No.12/8/2016-JCA-2
Government of India
Ministry of Personnel, Public Grievances and Pensions
(Department of Personnel and Training)
JCA-2 Section

North Block, New Delhi
Dated the 24th June, 2016

Subject: Holidays to be observed in Central Government Offices during the year 2017- reg.

central-government-holidays-2017

It has been decided that the holidays as specified in the Annexure -I to this O.M. will be observed in all the Administrative Offices of the Central Government located at Delhi/New Delhi during the year 2017. In addition, each employee will also be allowed to avail himself/herself of any two holidays to be chosen by him/her out of the list of Restricted Holidays in Annexure – II.

2. Central Government Administrative Offices located outside Delhi / New Delhi shall observe the following holidays compulsorily in addition to three holidays as per para 3.1 below:

1. REPUBLIC DAY
2. INDEPENDENCE DAY
3. MAHATMA GANDHI’S BIRTHDAY
4. BUDDHA PURNIMA
5. CHRISTMAS DAY
6. DUSSEHRA (VIJAY DASHMI)
7. DIWALI (DEEPAVALI)
8. GOOD FRIDAY
9. GURU NANAK’S BIRTHDAY
10. IDU’L FITR
11. IDU’L ZUHA
12. MAHAVIR JAYANTI
13. MUHARR.AM
14. PROPHET MOHAMMAD’S BIRTHDAY (ID-E-MILAD)

3.1. In addition to the above 14 Compulsory holidays mentioned in para 2, three holidays shall be decided from the list indicated below by the Central Government Employees Welfare Coordination Committee in the State Capitals, if necessary, in consultation with Coordination Committees at other places in the State. The final list applicable uniformly to all Central Government offices within the concerned State shall be notified accordingly and no change can be carried out thereafter. It is also clarified that no change is permissible in regard to festivals and dates as indicated.

1. AN ADDITIONAL DAY FOR DUSSEHRA
2. HOLI
3. JANAMASHTAMI (VAISHNAVI)
4. RAM NAVAMI
5. MAHA SHIVRATRI
6. GANESH CHATURTHI / VINAYAK CHATURTHI
7. MAKAR SANKARANTI
8. RATH YATRA
9. ONAM
10. PONGAL
11. SRI PANCHAMI / BASANT PANCHAMI
12. VISHU/ VAISAKHI I VAISAKHADI / BHAG BIHU / MASHADI UGADI / CHAITRA SUKLADI / CHETI CHAND GUDI PADAVA 1st NAVRATRA / NAURAJICHHATH POOJA/KARVA CHAUTH.

3.2 No substitute holiday should be allowed if any of the festival holidays initially declared subsequently happens to fall on a weekly off or any other non-working day or in the event of more than one festivals falling on the same day.

4. The list of Restricted Holidays appended to this O.M. is meant for Central Government Offices located in Delhi / New Delhi. The Coordination Committees at the State Capitals may draw up separate list of Restricted Holidays keeping in view the occasions of local importance but the 9 occasions left over, after choosing the 3 variable holidays in para 3.1 above, are to be included in the list of restricted holidays.

5.1 For offices in Delhi / New Delhi, any change in the date of holidays in respect of Idu’l Fitr, Idu’l Zuha, Muharram and Id-e-Milad, if necessary, depending upon sighting of the Moon, would be declared by the Ministry of Personnel, Public Grievances and Pensions after ascertaining the position from the Govt. of NCT of Delhi (DCP, Special Branch, Delhi Police).

5.2 For offices outside Delhi / New Delhi, the Central Government Employees Welfare Coordination Committees at the State Capitals are authorised to change the date of holiday, if necessary, based on the decision of the concerned State Governments / Union Territories, in respect of Idu’l Fitr, Idu’l Zuha, Muharram and Id-e-Milad.

5.3 It may happen that the change of date of the above occasions has to be declared at a very short notice. In such a situation, announcement could be made through P.I .B /T.V. /A.I.R. / Newspapers and the Heads of Department / Offices of the Central Government may take action according to such an announcement without waiting for a formal order, about the change of date.

6. During 2017, Diwali (Deepavali) falls on Thursday , October 19, 2017 (Ashvina 28). In certain States, the practice is to celebrate the occasion a day in advance, i.e., on “Narakachaturdasi Day”. In view of this, there is no objection if holiday on account of Deepavali is observed on- “Naraka Chaturdasi Day (in place of Deepavali Day) for the Central Government Offices in a State if in that State that day alone is declared as a compulsory holiday for Diwali for the offices of the State Government.

7. Central Government Organisations which include industrial, commercial and trading establishments would observe upto 16 holidays in a year including three national holidays viz. Republic Day, Independence Day and Mahatma Gandhi’s birthday, as compulsory holidays. The remaining holidays / occasions may be determined by such establishments / organisations themselves for the year 2017, subject to para 3.2 above.

8. Union Territory Administrations shall decide the list of holidays in terms of Instructions issued in this regard by the Ministry of Home Affairs.

9. In respect of Indian Missions abroad, the number of holidays may be notified in accordance with the instructions contained in this Department’s O.M. No.12/5/2002-JCA dated 17th December, 2002. In other words, they will have the option to select 11(Eleven) holidays of their own only after including in the list, three National Holidays and Mahavir Jayanti, Id-ulZuha (Bakrid), Vijay Dashmi, Muharram, Guru Nanak Birthday and Miladun-Nabi(Id-e-Milad (Birthday of Prophet Mohammad) included in the list of compulsory holidays and falling on day of weekly off.

10. In respect of Banks, the holidays shall be regulated in terms of the extant instructions issued by the Department of Financial Services, Ministry of Finance.

11. Hindi version will follow.

(K.Sahl Kumar)
Under Secretary (JCA)
23040279

Encl.: Lists of holidays

ANNEXURE-I

LIST OF HOLIDAYS DURING THE YEAR 2017 FOR ADMINISTRATIVE OFFICES OF CENTRAL GOVERNMENT LOCATED AT DELHI / NEW DELHI

S.No. Holiday Date Saka Date Day
1938 SAKA ERA
1. Republic Day January 26 Magha 06 Thursday
2. Maha Shivaratri February 24 Phalguna 05 Friday
1939 SAKA ERA
3. Holi March 13 Phalguna 22 Monday
4. Ram Navami April 04 Chaitra 14 Tuesday
5. Mahavir Jayanti April 09 Chaitra 19 Sunday
6. Good Friday April 14 Chaitra 24 Friday
7. Buddha Purnima May 10 Vaisakha 20 Wednesday
8. Idu’l Fitr June 26 Ashadha 05 Monday
9. Independence day August 15 Sravana 24 Tuesday
10. Id-ul-Zuha(Bakrid) September 02 Bhadra 11 Saturday
11. Dussehra September 30 Asvina 08 Saturday
12. Muharram October 01 Asvina 09 Sunday
13. Mahatma Gandhi’s
Birthday
October 02 Asvina 10 Monday
14. Diwali (Deepavali) October 19 Asvina 28 Thursday
15. Guru Nanak’s Birthday November 04 Kartika 13 Saturday
16. Milad-un-Nabi or Id-e
Milad (birthday of Prophet
Mohammad)
December 02 Agrahayana 11 Saturday
17. Christmas Day December 25 Pausha- 04 Monday

ANNEXURE-II

LIST OF RESTRICTED HOLIDAYS DURING THE YEAR 2017 FOR ADMINISTRATIVE OFFICES OF CENTRAL GOVERNMENT LOCATED AT DELHI / NEW DELHI

S.No. Holiday Date Saka Date Day
SAKA ERA 1938
1. New Year’s Day January 01 Pausha 11 Sunday
2. Guru Govind Singh’s
Birthday
January 05 Pausha 15 Thursday
3. Makar Sankranti January 14 Pausha 24 Saturday
4. Pongal January 14 Pausha 24 Saturday
5. Basant Panchami /
Sri Panchami
February 01 Magha 12 Wednesday
6. Guru Ravidas’s Birthday February 10 Magha 21 Friday
7. Shivaji Jayanti February 19 Magha 30 Sunday
8. Swami Dayananda
Saraswati Jayanti
February 21 Phalguna 02 Tuesday
9. Holika Dahan/Dolyatra March 12 Phalguna 21 Sunday
1939 SAKA ERA
10. Chaitra Sukladi/Gudi
Padava/Ugadi/Cheti Chand
March 28 Chaittra 07 Tuesday
11. Hazarat Ali’s Birthday April 11 Chaitra 21 Tuesday
12. Vaisakhi/Vishu April 13 Chaitra 23 Thursday
13. Mesadi April 14 Chaitra 24 Friday
14. Vaisakhadi(Bengal)/
Bahag Bihu (Assam)
April 15 Chaitra 25 Saturday
15. Easter Sunday April 16 Chaitra 26 Sunday
16. Guru Rabindranath’s
birthday
May 09 Vaisakha 19 Tuesday
17. Jamat-Ul-Vida June 23 Ashadha 02 Friday
18. Rath Yatra June 25 Ashadha 04 Sunday
19. Raksha Bandhan August 07 Sravana 16 Monday
20. Janmashtarni (Vaishnav) August 15 Sravana 24 Monday
21. Parsi New Year’s day/Naura August 17 Sravana 26 Thursday
22. Vinayaka Chaturthi/
Ganesh Chaturthi
August 25 Bhadra 03 Friday
23. Onam September 04 Bhadra 13 Monday
24.. Dussehra (Maha Saptami)
(Additional)
September 27 Asvina 05 Wednesday
25. Dussehra (Maha Ashtami)
(Additional)
September 28 Asvina 06 Thursday
26. Dussehra (Maha Navmi) September 29 Asvina 07 Friday
27. Maharishi Valmiki’s Birthday October 05 Asvina 13 Thursday
28. Karaka Chaturthi
(Karva Chouth)
October 08 Asvina 16 Sunday
29. Deepavali (South India) October 18 Asvina 26 Wednesday
30. Naraka Chaturdasi October 18 Asvina 26 Wednesday
31. Govardhan Puja October 20 Asvina 28 Friday
32. Bhai Duj October 21 Asvina 29 Saturday
33. Pratihar Sashthi or Surya
Sashthi (Chhat Puja)
October 26 Kartika 04 Thursday
34. Guru Teg Bahadur’s
Martyrdom Day
November 24 Agrahayana 03 Friday
35. Christmas Eve December 24 Pausha 03 Sunday

Source: DoPT Holidays Order

Be the first to comment - What do you think?  Posted by admin - June 24, 2016 at 5:48 pm

Categories: Holidays, Latest News   Tags: , , , , , ,

All India Bank Employees Association (AIBEA) Calls for Strike on May 20

All India Bank Employees Association (AIBEA) Calls for Strike on May 20All India Bank Employees Association (AIBEA) Calls for Strike – As per reports, State Bank of India (SBI) is all set to merge its five associate banks and Bharatiya Mahila Bank (BMB) with itself.

Opposing the decision of boards of directors of five associate banks of State Bank of India (SBI) to close down and merge with SBI, the All India Bank Employees’ Association (AIBEA) has called a strike on May 20.

As per reports, State Bank of India (SBI) is all set to merge its five associate banks and Bharatiya Mahila Bank (BMB) with itself to emerge as a financial behemoth, with assets worth Rs 37 lakh crore ($550 billion).

Its five associates are State Bank of Bikaner & Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT). BMP, started in 2013, is a Delhi-based public sector lender.

In a statement Tuesday, AIBEA said it has called an all-India strike in the five SBI associate banks — State Bank of Travancore (SBT), State Bank of Mysore (SBM), State Bank of Hyderabad (SBH), State Bank of Bikaner and Jaipur (SBBJ), and State Bank of Patiala (SBP) — on May 20.

According to AIBEA, at the board meetings of the five SBI associate banks held in Mumbai on Tuesday, an agenda was brought to close down the associate banks and for acquisition by SBI.

“Despite opposition and protest by all the AIBEA’s Workman Directors and a few other independent directors about the proposal and the procedure adopted, the resolution has been approved in this regard,” the statement said.

“It is shameful that when the government is talking of corporate governance and good governance, board agenda is brought without intimation on such a serious matter and decision is taken,” AIBEA added.

According to the statement, the decision of the five banks is not in consonance with what Finance Minister Arun Jaitley had suggested to the union at their meeting on March 23 and April 25 this year.

“He opined that all the five banks can be made into one single entity. But what SBI and the Associate Banks are trying to do is the opposite to what the FM (finance minister) had suggested,” AIBEA said.

Source: BS

Be the first to comment - What do you think?  Posted by admin - May 18, 2016 at 10:13 pm

Categories: Latest News   Tags: ,

PARTIAL WITHDRAWAL FROM NPS, ORDERS ISSUED BY PFRDA

PARTIAL WITHDRAWAL FROM NPS, ORDERS ISSUED BY PFRDAGuidelines issued from PFRDA on processing partial withdrawal requests under National Pension System (NPS).

As per the guidelines, a subscriber can partially withdraw his/her accumulated pension wealth, not exceeding twenty-five per cent of the contributions made by the subscriber and excluding contributions made by the employer, if any, at any time before exit from NPS.

The aforesaid guidelines issued by PFRDA provide terms & conditions, purpose, frequency and limits for partial withdrawal under NPS.

Click Here to view Order (NSDL Circular Dt: 31.3.2016)

Click here to view Application Form

Be the first to comment - What do you think?  Posted by admin - April 23, 2016 at 11:35 am

Categories: Latest News   Tags: , , , , , ,

Jaitley Launches Portal to Collect Rs 2 Lakh cr non-tax Receipt

Jaitley Launches Portal to Collect Rs 2 Lakh cr non-tax Receipt

Jaitley Launches Portal to Collect Rs 2 Lakh cr non-tax Receipt – State-owned NTPC remitted an interim dividend of Rs 989 crore to government through the electronic mode today.

Finance Minister Arun Jaitley today launched a portal to electronically collect over Rs 2 lakh crore annually in non-tax receipts from sources such as dividends by state-owned firms, RBI and spectrum fee.

“This (portal) has its own advantages and it will reduce a lot of manual work now,” Jaitley said while inaugurating the Non-Tax Receipt Portal (NTRP) which was developed by the Controller General of Accounts (CGA).

State-owned NTPC remitted an interim dividend of Rs 989 crore to government through the electronic mode today.

The annual collection of non-tax receipts amounts to over Rs 2 lakh crore. It mainly includes dividends, interest receipts, spectrum charges, royalty, licence fee, sale of forms and RTI application fees.

As per the Budget, the government aims to collect over Rs 2.21 lakh crore as non-tax receipts during 2015-16.

Earlier in the day, the Finance Ministry tweeted: “Annual collection of non tax receipts is over Rs 2 lakh crore. Biggest share flows from dividends paid by Public Sector Undertakings, RBI.”

Arun Jaitley further said that it is “an important occasion when the office of the CGA has now started using technology and created a receipts portal for all the payments into the Consolidated Fund of India”.

NTRP provides a one-stop platform to citizens or corporates or other users to make online payment of non-tax receipts to Government of India.

While taxes are largely collected using the e-payment mode, non tax revenues flow mainly through physical instruments such as bank draft or cheque or cash.

“The online electronic payment will help common users/citizens from the hassle of visiting bank premises for issue of drafts, and later to Government offices to deposit the instrument for availing services.

“It also helps avoidable delays and remittance of these instruments into Government account as well as eliminate undesirable practices in the delayed deposit of these instruments into bank accounts,” a finance ministry statement said.

The online payments can be made by using either a credit card, a debit card or through net banking.

For 2015-16 fiscal, Rs 1,00,651 crore has been budgeted from dividends. Of this Rs 36,174 crore is estimated to come from CPSEs and Rs 64,477 crore from banks, financial institutions and RBI.

The ministry has already received a dividend of Rs 65,896 crore from RBI.

Source: Financial Express

Be the first to comment - What do you think?  Posted by admin - February 16, 2016 at 10:38 am

Categories: Latest News   Tags: , , ,

NJCA DECIDED INDEFINITE STRIKE FROM 11th APRIL 2016

NJCA DECIDED INDEFINITE STRIKE FROM 11th APRIL 2016

Meeting of the National Joint Council of Action (Railways, Defence, Postal, Confederation) held on 08th February 2016 unanimously decided to serve indefinite strike notice on 11th March 2016 and to commence indefinite strike from 11th April 2016.

Further details will follow.

M.Krishnan
Secretary General
Confederation of Central Govt. Employees & Workers
e-mail:mkrishnan6854@gmail.com
Mob:09447068125

Source : http://confederationhq.blogspot.in/

Be the first to comment - What do you think?  Posted by admin - February 9, 2016 at 9:09 am

Categories: Latest News   Tags: , , ,

7th Pay Commission Report : Employees Expectations versus Disappointments

7th Pay Commission Report – From the perspectives of various employees and employees’ unions”

 

On November 19, the 7th Central Pay Commission submitted its report on the salaries, pensions, and benefits for more than 50 lakh Central Government employees.

 

Within hours, the websites and news media began to give their elaborate interpretations and opinions about the recommendations. Mr. Krishnan, the secretary of Confederation of Central Government Employees & Workers, on his website, gave a scathing review of the report, listing out all the drawbacks and disappointments. This was followed by similar opinions from almost all the other employees associations.

 

 

Employees’ expectations versus disappointments

 

Minimum wages : NCJCM demanded that the minimum wages be raised to Rs.26,000. Reports said earlier that the numbers range from Rs.24,000 to 21,000. But, the Pay Commission had fixed it as Rs.18,000. Criticism about the minimum wages that are going to be enforced for the next ten years is the great disappointment.

 

House Rent Allowance : House Rent Allowances have been brought down from the current 10, 20 and 30 percent to eight, 16, and 24 percent. NC JCM had asked for an increase to 20, 40, and 60 percent. Popular opinion says that even if the idea of increasing HRA was unacceptable, the commission didn’t have to reduce it.

 

Date of increment : There was disappointment because the report didn’t say anything about adding the date of increments, such as January 1 and July 1.

 

Date of implementation : NC JCM demanded that the new recommendations be implemented with effect from 01.01.2014, but the commission has prescribed 01.01.2016 as the date of implementation.

 

Multiplication Factor : The 6th Pay Commission recommended that the Grade Pay be calculated at 40 percent from the higher pay band and a Multiplication Factor of 1.86 be used on it. The 7th Pay Commission had recommended only 2.57 and has completely removed the Grade Pay structure. The NC JCM had insisted that it be fixed at 3.7.

 

Promotion and Increment : The Pay Matrix table was prepared only with 3 percent increment. Everybody expected in the benefit of promotion, there will be two increments or a 5 percent hike. The 7th Pay Commission instead made no changes to this. The employees are also disappointed that promotions are not likely to bring in a noticeable financial improvement. The Grade Pay hike, which was implemented in the 6th Pay Commission, has now been removed.

 

MACP Promotion Scheme : Four or five promotions were expected under the much-awaited MACP scheme. But the new report recommends the same 10, 20, and 30 years routine, with stricter guidelines for promotions. This could lead to complications for those who weren’t given any promotions for more than 10 years, to get one through the MACP upgradation.

 

Allowances and Advances : The Pay Commission has recommended the abolishing of about 52 allowances, including the “Family Planning Allowances.” It has also recommended the abolishing of all kinds of advances, including the LTC advance.

 

And also disappointed in the topics of New Pension Scheme, LTC, Transport Allowance, Children Education Allowance, CGEGIS, Fixed Medical Allowance and GDS Issues.

 

Source: CGStaffnews.in

Be the first to comment - What do you think?  Posted by admin - December 18, 2015 at 10:46 pm

Categories: Latest News   Tags: , , , , , ,

7th Pay Commission has recommended on the rate of annual increment is being retained at 3 percent.

7th Pay Commission Annual Increment : The 7th Pay Commission has recommended on the rate of annual increment is being retained at 3 percent.

 

 

Withholding Annual Increments of Non-performers after 20 Years :

 

There is a widespread perception that increments as well as upward movement in the hierarchy happen as a matter of course. The perception is that grant of MACP, although subject to the employee attaining the laid down threshold of performance, is taken for granted. This Commission believes that employees who do not meet the laid down performance criterion should not be allowed to earn future annual increments. The Commission is therefore proposing withholding of annual increments in the case of those employees who are not able to meet the benchmark either for MACP or a regular promotion within the first 20 years of their service.

This will act as a deterrent for complacent and inefficient employees. However, since this is not a penalty, the norms for penal action in disciplinary cases involving withholding increments will not be applicable in such cases. This will be treated as an “efficiency bar”. Additionally, for such employees there could be an option to leave service on similar terms and conditions as prescribed for voluntary retirement.

Grant of First Annual Increment in Recruits Pay :

The main demand of the Services in this connection is that the existing stipulation that next increment will be granted from the date of attestation or mustering be done away with. They have pointed out that trades whose skill requirements are low and whose entry level qualifications are lower invariably get attested or mustered earlier and thus are entitled to the next annual increment earlier than trades whose training period is longer.

Analysis and Recommendations :

The Commission is of the view that grant of next increment in the case of recruits should not place those with higher entry level qualifications at a disadvantage. The Commission, accordingly recommends that the date of enrolment should be reckoned for the purposes of first increment for all recruits who are finally successfully attested/mustered.

Needless to say that the most powerful keyword among the Central government employees, because a pay hike once in a year consolidated according to their basic pay. It is also a consolation even they are not getting promotion for years.

In 6th CPC tremendously modified in increment rules that the date of increment and rate of increment had been revised as first July of every year and 3% of basic pay.

In the same way in 7th CPC, employees are seeking modifications in the rules of getting increment…

NC JCM Staff Side suggested to 7th Pay Commission on Increment.

 

 

Increment
5.1 Whether the present system of annual increment on 1st July of every year uniformly in case of all employees has served its purpose or not? Whether any changes are required?
No. In fact the single date increment system has brought in anomalies, which were discussed at length at the National Anomaly Committee, without reaching an agreement.

In our Opinion, the commission must recommend, for administrative expediency, two specific dates as increment dates. Viz. 1st January and 1st July. Those recruited/appointed/promoted during the period between 1st Jan and 30th June, will have their increment date on 1st January and those recruited/appointed/promoted between Ist July and 31st December will have it on Ist July next. This apart the Commission is required to specifically recommend that those who retire on 30th June or 31st December are granted one increment on the last day of their service.

What should be the reasonable quantum of annual increment?


The reasonable quantum of increment should not be less than 5% of the basic pay or the rate of increment agreed upon through bilateral discussion in the Banking industry, whichever is higher.

Whether there should be a provision of variable increments at a rate higher than the normal annual increment in case of high achievers? If so, what should be transparent and objective parameters to assess high achievement, which could be uniformly applied across Central Government?
Without defining the term “high achiever” and prescribing transparent and objective parameters to assess high achievement the system of variable increments at a rate higher than normal annual increments will be misused on subjective assessment of high achievements. For these reasons and for what we have stated in reply to question No. 2.3 the scheme of variable increment is not desirable.

Annual rate of increment @ 5% of the pay.

Fixation of pay on promotion = 2 increments and difference of pay between present and promotional posts (minimum Rs.3000)

Source: 7thpaycommissionnews.in

Be the first to comment - What do you think?  Posted by admin - December 7, 2015 at 8:14 am

Categories: Latest News   Tags: , , , , , , ,

No salary deduction on bandh day for Bengal Government Employees on paid leaves

No salary deduction on bandh day for Bengal Government Employees on paid leaves

Kolkat: West Bengal government employees who were on child care leave, maternity leave, earned leave etc. On September 2, the day when the central trade unions called a bandh, will not have to forgo their day’s salary.

A memorandum issued by the state finance department has said no salary would be deducted from such employees who had taken prior paid leaves.

“Now, to remove the confusion, it is clarified that absence will not be treated as ‘dies non’ and no salary will be deducted or treated to be inadmissible in case of leaves like child care leave, maternity leave, earned leave, etc sanctioned before the date of issuance of finance department’s order,” the memo said.

The government had made it mandatory for all its employees to be present on the strike day. An earlier directive had said absence of employees on that date would be treated as ‘dies non’ and no salary would be admissible.

PTI

Be the first to comment - What do you think?  Posted by admin - September 8, 2015 at 8:14 am

Categories: Employees News, Latest News   Tags: , , ,

Sanction of prosecution of government officials

Sanction of prosecution of government officials

It is stated that total 100,10 & 9 requests have been received against IAS officers, CSS officers & CBI Gr ‘A’ officers respectively.

It is stated that total 66,8 & 6 requests were permitted during the period and prosecution was sanctioned against IAS officers, CSS officers & CBI Gr ‘A’ officers respectively. Year wise breakup is mentioned in the table below:

New Picture-3

It is stated that all the aforesaid requests in which sanction for prosecution has been received are still under trial. Hence, there is no input for conviction, acquittal and discharge.

This was stated by the Minister of State in the Ministry of Personnel, Public Grievances and Pensions and Minister of State in the Prime Minister’s Office, Dr. Jitendra Singh in a written reply to a question by Shri Avinash Pande in the Rajya Sabha today.

Source: PIB News

Be the first to comment - What do you think?  Posted by admin - July 23, 2015 at 4:18 pm

Categories: Latest News   Tags: ,

Recruitment of Stenographers Grade ‘D’ in CSSS through Stenographers Grade ‘C: & ‘D’ Examination, 2014 conducted by Staff Selection Commission (SSC) – nomination of qualified candidates – reg.

No.6/1/2015-CS-II(C)
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel and Training

3rd Floor, Lok Nayak Bhawan,
Khan Market, New Delhi.
Dated 22nd June, 2015.

OFFICE MEMORANDUM

Subject: Recruitment of Stenographers Grade ‘D’ in CSSS through Stenographers Grade ‘C: & ‘D’ Examination, 2014 conducted by Staff Selection Commission (SSC) – nomination of qualified candidates – reg.

The undersigned is directed to say that based on the results of the
Stenographers Grade ‘c’ & ‘D’ Examination-2014, the Staff Selection
Commission recommended 129 candidates for appointment as Steno Grade ‘D’in CSSS. The examination dossiers of 125 (General -74, SC-17, ST-17, OBC-17) candidates have been received in this Department for appointment to the Stenographer Grade ‘D’ of CSSS for the Select List Year-2014.

2. As per the CTP issued vide this Department’s OM No.20/28/2010-CS-II(A) dated 20.102.2011,”the candidates who qualify Grade ‘D’ Stenographers Examination conducted by SSC would be directly nominated to Institute of Secretariat Training and Management (ISTM) for undergoing foundational training course and after successful completion, the candidates would be nominated to various Ministries/Departments by the DoP&T”.
3. In view of para-2 above, 109 Steno Grade ‘D’ of Steno Grade ‘c’ & ‘D’ Examination, 2014 have been nominated for Induction Training at ISTM w.e.f. 08.06.2015 to 17.07.2015 on receipt of their medical examination report from their present office/Civil Surgeon.

4. Ms. Lata Negi is,however,nominated to M/o Home Affairs without
undergoing mandatory Induction Training at ISTM. with the approval of competent authority in this Department ,with the condition that she will be nominated for special training programme for visually challenged officials in future and her probation period shall not be confirmed in the post till such time she passes the such examination conducted by the ISTM.
5. M/o Home Affairs is requested to ensure that in case some staff have been outsourced for stenographic assistance by showing the vacancies of Steno Grade ‘D’, the same may be reduced proportionately keeping in view the number of Steno Grade ‘D’ nominated to M/o Home Affairs. The Financial Adviser of M/o Home Affairs is also requested to ensure that outsourced stenographic assistance is proportionately reduced as the nominated Steno Grade ‘D’ join in the Cadre Unit.

(Kameshwar Mishra)
Under Secretary to the Govt. of India
TeIefax: 24623157

Source: http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02csd/latanegi.pdf

Be the first to comment - What do you think?  Posted by admin - June 23, 2015 at 11:05 am

Categories: DOPT Orders, Employees News, Latest News   Tags: , , , , ,

Denial of interim relief and the benefit of merger of DA with Pay must be viewed very seriously – NC JCM

Denial of interim relief and the benefit of merger of DA with Pay must be viewed very seriously – NC JCM

NATIONAL JOINT COUNCIL OF ACTION
4, State Entry Road New Delhi–110055

No.NJCA/2015

Dated: June 15, 2015

All the Members of the NJCA,

Dear Comrades,

Sub: National JCA Meeting held on 8th June

The National JCA, which met at the Staff Side Office on 8th June, 2015, took note of the fact that quite a few states are yet to hold the State Level Conventions. The meeting also noted that the strike decision taken on 28th April, 2015 has not been percolated down to the rank and file of the workers. The meeting wanted the affiliate to realize that the denial of the demand for wage revision to be effective from 01.01.2014 and the consequent denial of interim relief and the benefit of merger of DA with Pay must be viewed very seriously as the said decision will have far reaching consequence. The Government would discard the age old practice of grant of I.R. and merger of DA forever. It has decided to appeal to all the affiliates to chalk out independent programmes of actions in the months to come and to carry out the same in all seriousness so that the employees become fully aware of the possible outcome of the 7th CPC. The Chairman and Convenor of the National JCA will get in touch with those States, where the convention has not been held so far. The meeting decided to convey to members that the minimum wage computation, in the given situation would be on an imaginary basis. The National JCA was of the opinion that a meeting of all office bearers of the participating organizations must be convened at Delhi somewhere in the month of July to chalk out programmes of action to be pursued by the CGEs together. It was informed at the meeting that both Defence and Railways would be taking their strike ballot and would be concluded in the first week of October. The meeting, therefore, decided to advise the other units to chalk out progammes of action in July so that an ambience of struggle could be created. The NJCA also took note of the painful fact that despite assurances, Government was not convening the National Council and Departmental Councils and the JCM has been allowed to become defunct. The National JCA in conclusion decided to appeal to all affiliates to take concrete steps to invigorate the joint movement of the Central Government employees and meet the challenge that is likely to arise on receipt of the recommendations of the 7th CPC by creating an atmosphere of Unity, and determination to carry out the call of indefinite strike action scheduled to commence on 23rd November, 2015.

With greetings,

(Shiva Gopal Mishra)
Secretary (Staff Side)
NC JCM & Convener

Source: www.ncjcmstaffside.com

Be the first to comment - What do you think?  Posted by admin - June 22, 2015 at 4:42 pm

Categories: 7CPC, Employees News, Expected DA, Latest News   Tags: , , , , , , , ,

Salary Revision for Officer Employees of Public Sector Banks governed by Officer’s Service Regulation – 10th Bipartite Settlement for period 1.11.2012 to 31.10.2017

Finance Ministry approved 10th Bipartite Settlement Wage Revision for Bank employees for period 1.11.2012 to 31.10.2017

Salary Revision for Officer Employees of Public Sector Banks governed by Officer’s Service Regulation – 10th Bipartite Settlement for period 1.11.2012 to 31.10.2017

Government of India
Ministry of Finance
Department of Financial Services

Jeevan Deep. IIIrd Floor,
Parliament Street, New Delhi,
Dated the June 19, 2015

To
Sh. M.V.Tanksale,
Chief Executive,
Indian Banks’ Association,
Mumbai.

Subject: Salary Revision for Officer Employees of Public Sector Banks governed by Officer’s Service Regulation – 10th Bipartite Settlement for period 1.11.2012 to 31.10.2017

Sir.
I am directed to refer to your letter No. HR&IR/KSC/GOVT/665 dated 25th May, 2015 on the above subject and to say that Government has ‘No objection‘ to IBA authorizing the Banks to pay revised salary and arrears of pay and allowances to serving officers and revised pension and arrears to existing pension optees retired w.e.f. on or after 1.11.2012 as per the provisions at the Joint Note pending amendments to the Officer’s Service Regulations/Pension Regulations subject to the provisions made by the respective banks in the particular year.

2. As regards declaring 2nd and 4th Saturday as holidays and other Saturdays as full working days is concerned. IBA may rater to this Department’s letter No. 4/1/7/2015-IR dated 2.6.2015.

3. This issues with the approval of Hon’ble Finance Minister

Yours faithfully,

(S R. Mehar)
Deputy Secretary to the Government at India

10th Bipartite Settlement Wage Revision

Source: http://banknewskumar.blogspot.in/

Be the first to comment - What do you think?  Posted by admin - at 12:05 pm

Categories: Employees News, Latest News   Tags: , , , ,

Early closure of offices on 20th June, 2015 (Saturday) at 13:00 Hrs. in connection with ‘Mass Yoga Demonstration’

Mass Yoga Demonstration – Early closure of offices on 20th June, 2015 – DOPT provides the list of Offices / Buildings to be closed by 13.00 hrs

No. 12/2/2015 -JCA-II
Government of India
Ministry of Personnel,
Public Grievances and Pensions
(Department of Personnel and Training)

North Block, New Delhi
Dated: 19th, June, 2015

OFFICE MEMORANDUM

Sub:- Early closure of offices on 20th June, 2015 (Saturday) at 13:00 Hrs. in connection with ‘Mass Yoga Demonstration’ at Rajpath on 21.06.2015 (Sunday).

In connection with the arrangements for ‘Mass Yoga Demonstration’ at Rajpath by the Hon’ble Prime Minister of India on 21st June, 2015 (Sunday), it has been decided that the Government offices located in the buildings indicated in the Annexure to this OM  would be closed by 13:00 Hrs. on 20th  June, 2015 (Saturday) and remain closed till the function is over on 21.06.2015 (Sunday).

2.  Hindi Version will follow.

sd/-

(Asholi Chalai)
Director (JCA)

Check out Annexure containing list of Offices / Buildings to be closed for Mass Yoga Demonstration on 21.06.2015

Be the first to comment - What do you think?  Posted by admin - June 20, 2015 at 7:27 am

Categories: DOPT Orders, Latest News   Tags: , , , , ,

Investment guidelines for NPS Schemes (Applicable to Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana) w.e.f, 10th June, 2015.

Investment guidelines for NPS Schemes (Applicable to Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana) w.e.f, 10th June, 2015.

Pension Fund Regulatory
& Development Authority
1st Floor, ICADR Building,
Plot No. 6, Vasant Kunj
Institutional Area, Phase-I,
New Delhi – 110070
CIRCULAR

PFRDA/2015/16/PFM/7

Date: 03rd June, 2015

Sub: Investment guidelines for NPS Schemes (Applicable to Scheme CG, Scheme SG, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana) w.e.f, 10th June, 2015.

Category
Investment Pattern
Percentage amount to be invested
(i)

Government Securities and Related Investments

(a) Government Securities,

(b) Other Securities {‘Securities’ as defined in section 2(h) of the Securities Contracts (Regulation) Act, 1956} the principal whereof and interest whereon is fully and unconditionally guaranteed by the Central Government or any State Government.
The portfolio invested under this sub-category of securities shall not be in excess of 10% of the total portfolio of the G-Sec in the concerned NPS Scheme of the pension fund at any point of time.
(c) Units of Mutual Funds set up as dedicated funds for investment in Govt. securities and regulated by the Securities and Exchange Board of India:
Provided that the portfolio invested in such mutual funds shall not be more than 5% of the of the G-Sec in the concerned NPS Scheme of the pension fund at any point of time and fresh investments made in them shall not exceed 5% of the fresh accretions in the year.
Upto 50%
(ii)

Debt Instruments and Related Investments

(a) Listed (or proposed to be listed in case of fresh issue) debt securities issued by bodies corporate, including banks and public financial institutions (Public Financial Institutions’ as defined under Section 2 of the Companies Act, 2013), which have a minimum residual maturity period of three years from the date of investment.
(b) Basel III Tier-1 bonds issued by scheduled commercial banks under RBI Guidelines:
Provided that in case of initial offering of the bonds the investment shall be made only in such Tier-I bonds which are proposed to be listed.
Provided further that investment shall be made in such bonds of a scheduled commercial bank from the secondary market only if such Tier I bonds are listed.
Total portfolio invested in this sub-category, at any time, shall not be more than 2% of the total portfolio of the fund.
No investment in this sub-category in initial offerings shall exceed 20% of the initial offering. Further, at any point of time, the aggregate value of Tier I bonds of any particular bank held by the fund shall not exceed 20% of such bonds issued by that Bank
(c) Rupee Bonds having an outstanding maturity of at least 3 years issued by institutions of the International Bank for Reconstruction and Development, International Finance Corporation and Asian Development Bank.
(d) Term Deposit receipts of not less than one year duration issued by scheduled commercial banks, which satisfy the following conditions on the basis of published annual report(s) for the most recent years, as required to have been published by them under law:
(i) having declared profit in the immediately preceding three financial years;
(ii) maintaining a minimum Capital to Risk Weighted Assets Ratio of 9%, or mandated by prevailing RBI norms, whichever is higher;
(iii) having net non-performing assets of not more than 4% of the net advances;
(iv) having a minimum net worth of not less than Rs. 200 crores. (e) Units of Debt Mutual Funds as regulated by Securities and Exchange Board of India:
(f) The following infrastructure related debt instruments:
(i) Listed (or proposed to be listed in case of fresh issue) debt securities issued by body corporates engaged mainly in the business of development or operation and maintenance of infrastructure, or development, construction or finance of low cost housing.
Further, this category shall also include securities issued by Indian Railways or any of the body corporates in which it has majority shareholding.
This category shall also include securities issued by any Authority of the Government which is not a body corporate and· has been formed mainly with the purpose of promoting development of infrastructure.
It is further clarified that any structural obligation undertaken or letter of comfort issued by the Central Government, Indian Railways or any Authority of the Central Government, for any security issued by a body corporate engaged in the business of infrastructure, which notwithstanding the terms in the letter of comfort or the obligation undertaken, fails to enable its inclusion as security covered under category (i) (b) above, shall be treated as an eligible security under this sub-category.
(ii) Infrastructure and affordable housing Bonds issued by any scheduled commercial bank, which meets the conditions specified in (ii)(d) above.
(iii) Listed (or proposed to be listed in case of fresh issue) securities issued by Infrastructure debt funds operating as a Non-Banking Financial Company and regulated by Reserve Bank of India.
(iv) Listed (or proposed to be listed in case of fresh issue) units issued by Infrastructure Debt Funds operating as a Mutual Fund and regulated by Securities and Exchange Board of India.
It is clarified that, barring exceptions mentioned above, for the purpose of this sub-category (f), a sector shall be treated as part of infrastructure as per Government of India’s harmonized master-list of infrastructure sub-sectors:
Provided that the investment under sub-categories (a), (b) and (f) (i) to (iv) of this category No. (ii) shall be made only in such securities which have minimum AA rating or equivalent in the applicable rating scale from at least two credit rating agencies registered with Securities and Exchange Board of India under Securities and Exchange Board of India (Credit Rating Agency) Regulation, 1999. Provided further that in case of the sub-category (f) (iii) the ratings shall relate to the Non-Banking Financial Company and for the subcategory (f) (iv) the ratings shall relate to the investment in eligible securities rated above investment grade of the scheme of the fund.
Provided further that if the securities/entities have been rated by more than two rating agencies, the two lowest of all the ratings shall be considered.
Provided further that investments under this category requiring a minimum AA rating, as specified above, shall be permissible in securities having investment grade rating below AA in case the risk of default for such securities is fully covered with Credit Default Swaps (CDSs) issued under Guidelines of the Reserve Bank of India and purchased along with the underlying securities. Purchase amount of such Swaps shall be considered to be investment made under this category.
For sub-category (c), a single rating of AA or above by a domestic or international rating agency will be acceptable.
It is clarified that debt securities covered under category (i) (b) above are excluded from this category (ii).
Upto 45%
( iii)

Short-term Debt Instruments and Related Investments 

Money market instruments:Provided that investment in commercial paper issued by body corporates shall be made only in such instruments which have minimum rating of A 1 + by at least two credit rating agencies registered with the Securities and Exchange Board of India.
Provided further that if commercial paper has been rated by more than two rating agencies, the two lowest of the ratings shall be considered.
Provided further that investment in this sub-category in Certificates of Deposit of up to one year duration issued by scheduled commercial banks, will require the bank to satisfy all conditions mentioned in category (ii) (d) above.
(b) Units of liquid mutual funds regulated by the Securities and Exchange Board of India with the condition that the average total asset under management of AMC for the most recent six month period of atleast Rs. 5000/- crores
(c) Term Deposit Receipts of up to one year duration issued by such scheduled commercial banks which satisfy all conditions mentioned in category (ii) (d) above.
Upto 5%
(iv)

Equities and Related Investments 

Shares of body corporates listed on Bombay Stock Exchange (B SE) or National Stock Exchange (NSE), which have:
(i) Market capitalization of not less than Rs. 5000 crore as on the date of investment and
(ii) Derivatives with the shares as underlying traded in either of the two stock exchanges.
(b) Units of mutual funds regulated by the Securities and Exchange Board of India, which have minimum 65% of their investment in shares of body, corporates listed on BSE or NSE.
(c) Exchange Traded Funds (ETFs)/lndex Funds regulated by the Securities and Exchange Board of India that replicate the portfolio of either BSE Sensex Index or NSE Nifty 50 Index.
(d) ETFs issued by SEBI regulated Mutual Funds constructed specifically for disinvestment of shareholding of the Government of India in body corporates.
(e) Exchange traded derivatives regulated by the Securities and Exchange Board of India having the underlying of any permissible listed stock or any of the permissible indices, with the sole purpose of hedging.
Provided that the portfolio invested in derivatives in terms of contract value shall not be in excess of 5% of the total portfolio invested in sub-categories (a) to (d) above.
Upto 15%
(v)

Asset Backed, Trust Structured and Miscellaneous Investments

(a) Commercial mortgage based Securities or Residential mortgage based securities.
(b) Units issued by Real Estate Investment Trusts regulated by the Securities and Exchange Board of India.
(c) Asset Backed Securities regulated by the Securities and Exchange Board of India.
(d) Units of Infrastructure Investment Trusts regulated by the Securities and Exchange Board of India.
Provided that investment under this category No. (v) shall only be in listed instruments or fresh issues that are proposed to be listed.
Provided further that investment under this category shall be made only in such securities which have minimum AA or equivalent rating in the applicable rating scale from at least two credit rating agencies registered by the Securities and Exchange Board of India under Securities and Exchange Board of India (Credit Rating Agency) Regulations, 1999. Provided further that in case of the sub-categories (b) and (d) the ratings shall relate to the rating of the sponsor entity floating the trust.
Provided further that if the securities/entities have been rated by more than two rating agencies, the two lowest of the ratings shall be considered.
Upto 5%
2. Fresh accretions to the fund will be .invested in the permissible categories specified in this investment pattern in a manner consistent with the above specified maximum permissible percentage amounts to be invested in each such investment category, while also complying with such other restrictions as made applicable for various sub-categories of the permissible investments.
3. Fresh accretions to the funds shall be the sum of un-invested funds from the past and receipts like contributions to the funds, dividend/interest/commission, maturity amounts of earlier investments etc., as reduced by obligatory outgo during the financial year.
4. Proceeds arising out of exercise of put option, tenure or asset switch or trade of any asset before maturity can be invested in any of the permissible categories described above in the manner that at any given point of time the percentage of assets under that category should not exceed the maximum limit prescribed for that category and also should not exceed the maximum limit prescribed for the sub-categories, if any. However, asset switch because of any RBI mandated Government debt switch would not be covered under this restriction.
5. If for any of the instruments mentioned above the rating falls below the minimum permissible investment grade prescribed for investment in that instrument when it was purchased, as confirmed by one credit rating agency, the option of exit shall be considered and exercised, as appropriate, in a manner that is in the best interest of the subscribers.
6. On these guidelines coming into effect, the above prescribed investment pattern shall be achieved separately for each successive financial year through timely and appropriate planning.
7. The prudent investment of the funds within the prescribed pattern is the fiduciary responsibility of the Pension Funds and Trust and needs to be exercised with appropriate due diligence. The Trust and Pension Fund would accordingly be responsible for investment decisions taken to invest the funds
8. The Pension Funds and trust will take suitable steps to control and optimize the cost of management of the fund.
9. i. The trust and Pension Funds will ensure that the process of investment is accountable and transparent.
ii. It will be ensured that due diligence is carried out to assess risks associated with any particular asset before investment is made by the fund in that particular asset and also during the period over which it is held by the fund. The requirement of ratings as mandated in this notification merely intends to limit the risk associated with investments at a broad and general level. Accordingly, it should not be construed in any manner as an endorsement for investment in any asset satisfying the minimum prescribed rating or a substitute for the due diligence prescribed for being carried out by the fund
10. Due caution will be exercised to ensure that the same investments are not churned with a view to enhancing the fee payable. In this regard, commissions for investments in Category Ill instruments will be carefully charged, in particular.
11. Following restrictions/filters are being imposed for Government NPS schemes (Applicable to Government Sector, Corporate CG and NPS Lite schemes of NPS and Atal Pension Yojana) to reduce concentration risks in the NPS investment of the subscribers:
a) NPS investments have been restricted to 5% of the ‘paid up equity capital’* of all the sponsor group companies or 5% of the total AUM under Equity exposure whichever is lower, in each respective scheme and 10% in the paid up equity capital of all the non-sponsor group companies or 10% of the total AUM under Equity exposure whichever is lower, in each respective scheme.
*’Paid up share capital': Paid up share capital means market value of paid up and subscribed equity capital.
b) NPS investments have been restricted to 5% of the ‘net-worth” of all the sponsor group companies or 5% of the total AUM in debt securities (excluding Govt. securities) whichever is lower in each respective scheme and 10% of the net-worth of all the non-sponsor group companies or 10% of the total AUM in debt securities (excluding Govt. securities) whichever is lower, in each respective scheme.
#Net Worth: Net worth would comprise of Paid-up capital plus Free Reserves including Share Premium but excluding Revaluation Reserves, plus Investment Fluctuation Reserve and credit balance in Profit & Loss account, less debit balance in Profit and Loss account, Accumulated Losses and Intangible Assets.
c) Investment exposure to a single Industry has been restricted to 15% under all NPS Schemes by each Pension Fund Manager as per Level-5 of NIC classification. Investment in scheduled commercial bank FDs would be exempted from exposure to Banking Sector.
d) if the PF makes investments in Equity/Debt instruments, in addition to the investments in Index funds/ETF/Debt MF, the exposure limits under such Index funds/ETF/Debt MF should be considered for compliance of the prescribed the Industry Concentration, Sponsor/ Non Sponsor group norms. (For example, if on account of investment in Index Funds/ ETFs/Debt MFs, if any of the concentration limits are being breached than further investment should not be made in the relative Industry /Company).
12. These instructions supersede only part of Investment Guidelines for NPS Schemes Applicable to Government Sector, Corporate CG and NPS Lite schemes of NPS prescribed by PFRDA vide Circular No. PFRDA/2014/02/PFM/1 dated 29.01.2014 and will be effective from 101h June 2015.
13. Investment Guidelines for NPS Private Sector {applicable to E(Tier-1& II), C (Tier-I & 11) and G (Tier-I & II)} will be unchanged until further orders .
(Sumeet Kaur Kapoor)
General Manager

Source: http://pfrda.org.in/MyAuth/Admin/showimg.cshtml?ID=705

Be the first to comment - What do you think?  Posted by admin - June 6, 2015 at 9:46 am

Categories: Employees News, General news, Latest News, Pension   Tags: , , , , , , ,

One Rank One Pension (OROP): Madras High Court issues notice to Centre.

Madras High Court issues notice to Centre on One Rank One Pension

Madurai: The Madras High Court today issued notice to the Centre on a petition seeking a direction to issue a notification to implement the One Rank One Pension (OROP) scheme within a stipulated period.

Acting on the petition by ex-serviceman S Chinnadurai, Justice S Vaidyanathan ordered notice to the Cabinet, Finance and Defence secretaries and sought their reply within two weeks.

The petitioner contended that 90 per cent of the ex- servicemen are living below the poverty line.

Previous governments had already announced OROP and allocated Rs 500 crore for it. On May 1, Prime Minister Narendra Modi had also assured that OROP would be implemented by the government but no timeframe had been given, he alleged.

The Indian ex-servicemen movement had also sent a memorandum and he had also submitted a representation.

Chinnadurai said it was mandatory on the part of the government to implement OROP before the fiscal 2014-15 after announcing the scheme.

The delay in implementing the scheme would demoralise serving soldiers and ex-serviceman and adversely affect the integrity of the country, he said.

He said that army men, who sacrificed the better part of their youth for the country, were not even getting proper jobs after they retired between 30 and 40 years of age.
PTI

Be the first to comment - What do you think?  Posted by admin - June 5, 2015 at 11:55 pm

Categories: Defence, Employees News, General news, Latest News, Pension   Tags: , , , , , , , ,

Merger and re-designation of various common category posts per 6th CPC recommendations: Ministry of Defence

Merger and re-designation of various common category posts per 6th CPC recommendations-Reg.

Office of the Controller General of Defence Accounts
Ullan Batar Road, Palam, Delhi Cantt-110010

AT/II/187/VI CPC/Orders/Vol-VI

Date: 01 June 2015

To,
All PCsDA/CsDA
All CsFA (Fys)/PCA (Fys)

(Through CGDA Mail Server)

Subject: Merger and re-designation of various common category posts per 6th CPC recommendations-Reg.

A copy of MoD F No. 410/2009-D (Civ-I) dated 01.05.2015 on the above subject is forwarded herewith for your information and necessary action at your end.

(V. K. Purohit)
For CGDA

F. No. 410/2009-D (CIV-I)
GOVERNMENT OF INDIA
MINISTRY OF DEFENCE

Sena Bhavan, New Delhi
Dated: 01st May 2015

To

The Chief of Army Staff,
The Chief of Air Staff,
The Chief of Naval Staff,
The DGOF.

Subject: – Merger and re-designation of various common category posts as per 6th CPC recommendations- Reg.

Sir,

In continuation of MOD letter of even No. dated 27th February 2013, on the subject mentioned above, the proposal regarding re-designation of various posts in Defence Establishments consequent upon their merger as per 6th CPC recommendations has further been considered and referred to Ministry of Finance, Deptt. of Expenditure through Integrated Finance for approval.

2. Ministry of Finance, Deptt. of Expenditure vide Ministry of Finance, Deptt. of Expenditure U.O. No.10 (6)/E/III.B/2012 dated 26th December 2014 and subsequent clarification furnished vide U.O. of even No. dated 7.4.2015 has intimated that the proposal has been examined in consultation with Deptt. of Personnel & Training, and approved the common designations of various cadres as under:-

Name of Office / Cadre Existing Designation Pre-Revised Pay Scale Revised pay Band / Grade Pay Revised Designation
1 2 3 4 5
Stenographer Cadre Steno Grade-I 5500-9000 PB-2 with GP Rs.4200 Stenographer Grade-I
Steno Grade-II 5000-8000
Steno Grade-III 4000-6000 PB-1 with GP Rs.2400 Stenographer Grade-II
Admn. Cadre Office Superintendent 5500-9000 PB-2 with GP Rs.4200 Office Superintendent
Assistant 5000-8000
Technical Cadre Chargeman Grade-I 5500-9000 PB-2 with GP of Rs.4200 Chargeman
Chargeman Grade-II 5000-8000
Tradesman Mate 2650-4000 PB-1 with GP Rs.1800 Tradesman Mate
Labourer/Mazdoor 2550-3200
Scientific Staff Scientific Asstt.II/ Junior Scientific Asstt.Gd.I 5500-9000 PB-2 with GP Rs.4200 Scientific Assitant
Scientific Asstt.III/ Junior Scientific Asstt.Gd-II 5000-8000
Telephone Operator Telephone Supervisor 5500-9000 PB-2 with GP Rs.4200 Telephone Supervisor
Telephone Operator Gd.I 5000-8000
Telephone Operator Gd.II 3200-4900 PB-1 with GP Rs.2000 Telephone Operator
Storekeeping Cadre Sr. Store Supdt/ Foreman of Stores/ Supervisor
Barrack/Stores Gd-I/ Storekeeper Gd.I Chargeman-II /Stores Chargeman-I
(Stores)
5500-9000 PB-2 with GP Rs.4200 Sr. Store Superintendent
Store Supdt. / Sr. Store Keeper /Supervisor
Barrack/Stores Gd.II / Storekeeper Gd.II / Chargeman-II (Stores_
5000-8000
Sr. Storekeeper /Storekeeper / Storekeeper Gd.III /
Supervisor (Store)
4000-6000 PB-1 with GP Rs.2400 Superintendent (Store)
Asstt. Storekeeper / Storekeeper / Storekeeper Gd-II 3050-4590 PB-1 with GP Rs.1900 Storekeeper
Civilian Motor Drivers Foreman of Transport 5500-9000 PB-2 with GP Rs.4200 Civilian Motor Driver (SG)
Civilian Motor Driver (SG) / Motor Transport Supervisor 5000-8000
Photographer Cadre Sr. Photographer Gr.I 5500-9000 PB-2 with GP Rs.4200 Senior Photographer
Sr. Photographer Gr.II 5000-8000
Technical Cadre Junior Works Manager/Foreman/Junior Technical
Officer/Shop Suptdt.
7450-11500 PB-2 with GP of Rs.4600 Junior Works Manager. Junior Technical
Officer/ Foreman

(as per the functional requirement of Hqrs./ Dtes./Organisations)

Asstt. Foreman/ Asstt. Shop Suptd. 6500-10500
Scientific Staff JTO(S)/Sr. Scientific Asstt. 7450-11500 PB-2 with GP Rs.4600 Senior Scientific Assistant
Draughts man Cadre JTO(D) 7450-11500 PB-2 with GP Rs.4600  Model RRs for Draughtsman Cadre is being
examined by DOP&T in consultation with the UPSC and re-designation will
be in line with Model RRs to be finalised by DOP&T.
Chief Draughtsman 6500-10500
Draughtsman Gd.I 5500-9000 PB-2 with GP Rs.4200
Draughtsman Gd.II 5000-8000
Draughtsman Gd.III 4000-6000 PB-1 with GP Rs.4200
Official Language Staff Junior Hindi Translator 5000-8000 PB-2 with GP of Rs.4200 Junior Translator
Senior Hindi Translator 5500-9000 PB-2 with GP of Rs.4600 Senior Translator
Translation Officer/ Hindi Officer 6500-10500 PB-3 with GP of Rs.5400 Assistant Director (OL)

3. The above approval is subject to the following:

(i) It does not involve any change in pay scale in any manner whatsoever.
(ii) It does not require re-fixation of pay in case nor does it involve change in date of increment.
(iii) It does not disturb the next higher post in the hierarchical line of promotion, and
(iv) It does not entail any financial implication whatsoever in any form whatsoever.

4. The proposal with regard to continue with the nomenclature/ designations of Stenographer Cadre, Administrative Cadre, Technical Cadre (Chargeman, Tradesman Mate, Labour/Mazdoor) Scientific Staff, Telephone Operator, CMD Cadre and Photographer Cadre is subject to the condition that for the common category cadres where Model RRs are issued by the DOP&T, the re-designation will be as per Model RRs and no deviation in such common category posts is allowed.

5. This issues with concurrence of Ministry of Finance, Department of Expenditure vide their U.O. No.10(6)/E.III.B/2012 dated 26 Dec., 2012 and clarification dated 7th April 2015 and Defence (Fin./AG/PB) vide their Dy. No. 31/AG/PB dated 28th April, 2015.

Yours faithfully,
(Gurdeep Singh)
Under Secretary (CP)
Tel. No.2301 2414

Source: CGDA

Be the first to comment - What do you think?  Posted by admin - at 10:44 am

Categories: 6CPC, Defence, Employees News, General news, Latest News   Tags: , , , , , , , ,

Based on the Census of 2011 HRA and TA increased for Central Government employees from April 2014

Based on the Census of 2011 HRA and TA increased for CG employees for select cities

House Rent Allowance, Travel Allowance increased for select cities

Based on the Census of 2011, the House Rent Allowance and Travel Allowance for Central Government employees of a few cities are going to be hiked.

At the cabinet meeting, under the leadership of Prime Minister Narendra Modi, it was decided that, based on the Census report of 2011, the status of 29 towns and small towns is going to be upgraded. Central Government employees employed in these cities and towns will be eligible to grant revised House Rent Allowance and Rravel Allowance with effect from April 1, 2014. This would cost the government exchequer an additional Rs.128 crores annually.

House Rent Allowance to Central Government employees is now calculated on the basis of the population census of 2001. The cities and towns are classified as X, Y, and Z, based on their population. Employees in these towns are eligible for 30%, 20% and 10% House Rent Allowances respectively.

Population census is conducted once every ten years. The most recent census was held in 2011. Official information and findings of the Census was sent by the registrar General & Census Commissioner to the Finance Ministry a long time ago.

There is no denial in the fact that the Confederation of Central Government Employees has been constantly demanding this upgrading. The Confederation had, on 28.04.2014, sent a letter to the Finance Ministry. The letter said that even though the 2011 Census Report CD was received, there is no official announcement from the Government in this regard. The letter also demanded that a revised HRA and TA be implemented immediately in the reclassification of cities and towns on the basis of 2011 Census. On 30.07.2014, the Finance Ministry had, in reply to the mail, said that steps are being taken to implement the revised HRA and TA rates to the Central Government employees of these cities and towns.

S.No. City Revised Status Revised HRA Rate
1 Ahmadabad (UA) Y to X 20% to 30%
2 Pune (UA) Y to X 20% to 30%
1 Nellore (UA) Z to Y 10% to 20%
2 Gurgaon (UA) Z to Y 10% to 20%
3 Bokaro Steel City (UA) Z to Y 10% to 20%
4 Gulbarga (UA) Z to Y 10% to 20%
5 Thrissur (UA) Z to Y 10% to 20%
6 Malappuram (UA) Z to Y 10% to 20%
7 Kannur(UA) Z to Y 10% to 20%
8 Kollam (UA) Z to Y 10% to 20%
9 Ujjain (M. Coprn.) Z to Y 10% to 20%
10 Vasai-Virar City (M. Corpn.) Z to Y 10% to 20%
11 Malegaon (UA) Z to Y 10% to 20%
12 Nanded-Waghala (M.Corp.) Z to Y 10% to 20%
13 Sangli (UA) Z to Y 10% to 20%
14 Raurkela (UA) Z to Y 10% to 20%
15 Ajmer (UA) Z to Y 10% to 20%
16 Erode (UA) Z to Y 10% to 20%
17 Noida (CT) Z to Y 10% to 20%
18 Firozabad (NPP) Z to Y 10% to 20%
19 Jhansi (UA) Z to Y 10% to 20%
20 Siliguri (UA) Z to Y 10% to 20%
21 Durgapur (UA) Z to Y 10% to 20%
S.No. City Revised Status Revised TA Rate
1 Patna (UA) A1 to A Rs. 800 to Rs. 3200
2 Kochi (UA) A1 to A Rs. 800 to Rs. 3200
3 Indore (UA) A1 to A Rs. 800 to Rs. 3200
4 Coimbatore (UA) A1 to A Rs. 800 to Rs. 3200
5 Ghaziabad (UA) A1 to A Rs. 800 to Rs. 3200

[Note: The effective date of revision of HRA and TA on the basis of Census 2011 is slightly confused as 2014 or 2015. And Ghazidabad, Kannur and Jhansi also missed in the press release.

Source: 90paisa.org

Be the first to comment - What do you think?  Posted by admin - at 10:09 am

Categories: Allowance, Employees News, General news, HRA, Latest News   Tags: , , ,

One Rank One Pension Formula May Be Similar to MP’s Pension Plan — CENTRAL GOVERNMENT EMPLOYEES NEWS

One Rank One Pension Formula May Be Similar to MP’s Pension Plan

New OROP formula may be similar to MPs’ pension plan

NEW DELHI: The government is working on a fresh option to resolve the ongoing stand-off over ‘one-rank-one-pension’ demand of ex-servicemen, sources said on Thursday.

According to a senior government official, they are working on a proposal that would be similar to the pension scheme for MPs. The scheme operates on a band concept, with additional money for each additional year of service.-

The proposal is to create pension bands for each rank, and then provide additional money for each extra year of service. So all officers who retire in a particular rank will be in the same band of pension, with the total pension payment going up according to the number of years he has spent in that rank.

“We are working out the fine details,” one source said. Senior government officials are thrashing out the finer details, and it would be presented to the representatives of ex-servicemen and the military brass.
The latest move comes even as ex-servicemen are continuing with their protests against what they feel is a huge let down by the Narendra Modi government, which had come to power promising to implement the OROP scheme.

Ex-servicemen, some of whom have begun to boycott government functions, are planning a major rally in New Delhi on June 14 to protest against the government failure to fulfil the promise.

Click to read more at Times of India

Be the first to comment - What do you think?  Posted by admin - at 10:04 am

Categories: Employees News, General news, Latest News, Pension   Tags: , , , , , , ,

Next Page »