Proposals of Retirement age 62 and 50% DA Merger..?

Proposals of Retirement age 62 and 50% DA Merger..?
Modest Expectation for 50% DA Merger still on the cards
The expectations will not subside until the central government makes it clear whether 50% DA Merger will be approved or not. Though there were mixed news about whether 50% DA Merger is approved or not, Railway and Defence Federation’s Leaders told that the 50% DA merger was approved by the Cabinet. A website belongs to an important railway federation also flashed a news confirming merger of 50% DA is approved by the cabinet. Sometime later it changed its stand and removed the flash news
One of the News Media also confirmed that 50% DA is approved by the cabinet. But so far any announcement in this regard has not been come from the Government. Some Leaders of the Federations told, ‘when we had a talk with them, initially the central government agreed in principle to merge the 50% of Dearness Allowance and its decision was expected from the cabinet meeting held yesterday evening. But we are unaware of the reason for the government not announcing its decision.’
Earlier reports claimed that the government was considering 50% DA Merger and increasing retirement age to 62. But a source close to official side said these will be a part of Terms of Reference of 7th Pay Commission and the Panel , however, can recommend this later
Everybody feels, still it is an incomplete picture, as the government has not declared it is done
Source: www.gservants.com
[http://www.gservants.com/2014/03/01/modest-expectation-50-da-merger-still-cards/]

Be the first to comment - What do you think?  Posted by admin - March 1, 2014 at 9:13 am

Categories: DA Over 50%, Dearness Allowance, Employees News, Expected DA, Retirement Age   Tags: , , , , ,

AICPIN for Jan 2014 – Expected DA from Jul 2014

AICPIN for Jan 2014 – Expected DA from Jul 2014

 All-India CPI-IW for January, 2014 declined by 2 points and pegged at 237
Consumer Price Index Numbers For Industrial Workers (CPI-IW) January 2014
According to a press release issued by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for January, 2014 declined by 2 points and pegged at 237(two hundred and thirty Seven). On 1-month percentage change, it decreased by 0.84 per cent between December and January compared with the rise of 0.91 per cent between the same two months a year ago.
The largest downward pressure to the change in current index came from Food group contributing -2.78 percentage points to the total change. At item level, Groundnut Oil, Onion, Brinjal Cabbage, Carrot, Gourd, Palak, Peas, Potato, Tomato and other Vegetable items, Sugar etc. are responsible for the decrease in index. However, this was compensated to some extent by Housing Index and the prices of Rice, Wheat, Fish Fresh, Goat Meat, Poultry, Cooking Gas, Electricity Charges, Petrol etc. putting upward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 7.24 per cent for January, 2014, as compared to 9.13 per cent for the previous month and 11.62 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 8.94 per cent against 11.49 per cent of the previous month and 14.08 per cent during the corresponding month of the previous year.
At centre level, Bhilwara recorded the highest decline of 8 points each followed by Kodarma (7 Points), Bokaro and Surat (6 Points each), Varanasi and Munger Jamalpur (5 Points each). Among others, 4 points decrease was registered in 8 centres, 3 points in 13 centres, 2 points in 12 centres and 1points in 9 centres. On the contrary, Amritsar and Quilon centres reported an increase of 4 points followed by Jharia (3 points). Among others, 2 points increase was observed in 6 centres and 1 point in 7 centres. Rest of the 14 centres’ indices remained stationary.
The indices of 38 centres are above All-India Index and other 39 centres’ indices are below national average. The index of Bhilwara centre remained at par with all-India index.
The next index of CPI-IW for the month of February, 2014 will be released on Monday, 31 March, 2014. The same will also be available on the office website www.labourbureau.gov.in.

1 comment - What do you think?  Posted by admin - at 9:11 am

Categories: AICPIN, Dearness Allowance, Expected DA   Tags: , , , , , ,

7th Central Pay Commission Terms of Reference – Cabinet approved ToR of 7th CPC

7th Central Pay Commission Terms of Reference – Cabinet approved ToR of 7th CPC

7th Central Pay Commission 
 The Union Cabinet today gave its approval to the Terms of Reference of 7th Central Pay Commission (CPC) as follows:-
a) To examine, review, evolve and recommend changes that are desirable and feasible regarding the principles that should govern the emoluments structure including pay, allowances and other facilities/benefits, in cash or kind, having regard to rationalization and simplification therein as well as the specialized needs of various Departments, agencies and services, in respect of the following categories of employees:-

i. Central Government employees-industrial and non-industrial;
ii. Personnel belonging to the All India Services;
iii. Personnel of the Union Territories;
iv. Officers  and   employees   of  the   Indian  Audit  and   Accounts Department;
v. Members of regulatory bodies (excluding the Reserve Bank of India) set up under Acts of Parliament; andvi. Officers and employees of the Supreme Court.

b) To examine, review, evolve and recommend changes that are desirable and feasible regarding principles that should govern the emoluments structure, concessions and facilities/benefits, in cash or kind, as well as retirement benefits of personnel belonging to the Defence Forces, having regard to historical and traditional parities, with due emphasis on aspects unique to these personnel.
c) To work out the framework for an emoluments structure linked with the need to attract the most suitable talent to Government service, promote efficiency, accountability and responsibility in the work culture, and foster excellence in the public governance system to respond to complex challenges of modern administration and rapid political, social, economic and technological changes, with due regard to expectations of stakeholders, and to recommend appropriate training and capacity building through a competency based framework.
d) To examine the existing schemes of payment of bonus, keeping in view, among other things, its bearing upon performance and productivity and make recommendations on the general principles, financial parameters and conditions for an appropriate incentive scheme to reward excellence in productivity, performance and integrity.
e) To review the variety of existing allowances presently available to employees in addition to pay and suggest their rationalization and simplification, with a view to ensuring that the pay structure is so designed as to take these into account.
f) To examine the principles which should govern the structure of pension and other retirement benefits, including revision of pension in the case of employees who have retired prior to the date of effect of these recommendations, keeping in view that retirement benefits of all Central Government employees appointed on and after 01.01.2004 are covered by the New Pension Scheme (NPS).
g)  To make recommendations on the above, keeping in view:
i. the economic conditions in the country  and need for fiscal prudence;
ii. the need to ensure that adequate resources are available for developmental expenditures and welfare measures;
iii. the likely impact of the recommendations on the finances of the State Governments, which usually adopt the recommendations with some modifications;
iv. the prevailing emolument structure and retirement benefits available to employees of Central Public Sector Undertakings; and
v. the best global practices and their adaptability and relevance in Indian conditions.
h) To recommend the date of effect of its recommendations on all the above.

The Commission will make its recommendations within 18 months of the date of its constitution.  It may consider, if necessary, sending interim reports on any of the matters as and when the recommendations are finalised.
The decision will result in the benefit of improved pay and allowances as well as rationalization of the pay structure in case of Central Government employees and other employees included in the scope of the 7th Central Pay Commission.
Background
Central Pay Commissions are periodically constituted to go into various issues of emoluments’ structure, retirement benefits and other service conditions of Central Government employees and to make recommendations on the changes required.
PIB

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Whether Cabinet Approved Merger of DA with Basic Pay today(28.2.2014)..?

Whether Cabinet Approved Merger of DA with Basic Pay on (28.2.2014)..?

One of the leading news media ‘IBN Live‘ reported that “the Union Cabinet approved a hike in dearness allowance (DA) to 100 per cent from existing 90 per cent benefiting 50 lakh Central government employees and 30 lakh pensioners. The DA hike though, will not be merged with the basic pay“.“.

On the other side, one of the popular media news agency, ‘Business standard‘ said that the “Cabinet today approved merger of 50% dearness allowance of Central government employees and pensioners with their basic pay. However, it has deferred a decision on anti-corruption ordinances and Forward Contract Regulation (Amendment) Act. A special Cabinet meeting is likely on 01-03-2014 to take call on these ordinances“.

Which is correct…?

Source: www.centralgovernmentemployeesnews.in
[http://centralgovernmentemployeesnews.in/2014/02/whether-cabinet-approved-merger-of-da-with-basic-pay-today/]

3 comments - What do you think?  Posted by admin - at 9:08 am

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7th Central Pay Commission Terms of Reference – Cabinet approved ToR of 7th CPC

7th Central Pay Commission Terms of Reference – Cabinet approved ToR of 7th CPC

7th Central Pay Commission

The Union Cabinet today gave its approval to the Terms of Reference of 7th Central Pay Commission (CPC) as follows:-

a) To examine, review, evolve and recommend changes that are desirable and feasible regarding the principles that should govern the emoluments structure including pay, allowances and other facilities/benefits, in cash or kind, having regard to rationalization and simplification therein as well as the specialized needs of various Departments, agencies and services, in respect of the following categories of employees:-

i. Central Government employees-industrial and non-industrial;
ii. Personnel belonging to the All India Services;
iii. Personnel of the Union Territories;
iv. Officers  and   employees   of  the   Indian  Audit  and   Accounts Department;
v. Members of regulatory bodies (excluding the Reserve Bank of India) set up under Acts of Parliament; andvi. Officers and employees of the Supreme Court.

b) To examine, review, evolve and recommend changes that are desirable and feasible regarding principles that should govern the emoluments structure, concessions and facilities/benefits, in cash or kind, as well as retirement benefits of personnel belonging to the Defence Forces, having regard to historical and traditional parities, with due emphasis on aspects unique to these personnel.

c) To work out the framework for an emoluments structure linked with the need to attract the most suitable talent to Government service, promote efficiency, accountability and responsibility in the work culture, and foster excellence in the public governance system to respond to complex challenges of modern administration and rapid political, social, economic and technological changes, with due regard to expectations of stakeholders, and to recommend appropriate training and capacity building through a competency based framework.

d) To examine the existing schemes of payment of bonus, keeping in view, among other things, its bearing upon performance and productivity and make recommendations on the general principles, financial parameters and conditions for an appropriate incentive scheme to reward excellence in productivity, performance and integrity.

e) To review the variety of existing allowances presently available to employees in addition to pay and suggest their rationalization and simplification, with a view to ensuring that the pay structure is so designed as to take these into account.

f) To examine the principles which should govern the structure of pension and other retirement benefits, including revision of pension in the case of employees who have retired prior to the date of effect of these recommendations, keeping in view that retirement benefits of all Central Government employees appointed on and after 01.01.2004 are covered by the New Pension Scheme (NPS).

g)  To make recommendations on the above, keeping in view:

i. the economic conditions in the country  and need for fiscal prudence;

ii. the need to ensure that adequate resources are available for developmental expenditures and welfare measures;

iii. the likely impact of the recommendations on the finances of the State Governments, which usually adopt the recommendations with some modifications;

iv. the prevailing emolument structure and retirement benefits available to employees of Central Public Sector Undertakings; and

v. the best global practices and their adaptability and relevance in Indian conditions.

h) To recommend the date of effect of its recommendations on all the above.

The Commission will make its recommendations within 18 months of the date of its constitution.  It may consider, if necessary, sending interim reports on any of the matters as and when the recommendations are finalised.

The decision will result in the benefit of improved pay and allowances as well as rationalization of the pay structure in case of Central Government employees and other employees included in the scope of the 7th Central Pay Commission.

Background
Central Pay Commissions are periodically constituted to go into various issues of emoluments’ structure, retirement benefits and other service conditions of Central Government employees and to make recommendations on the changes required.

PIB

Be the first to comment - What do you think?  Posted by admin - February 28, 2014 at 1:19 pm

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Cabinet Approves Merger of DA with Basic Pay

Cabinet Approves Merger of DA with Basic Pay

The Cabinet today approved merger of 50% dearness allowance of Central government employees and pensioners with their basic pay.

However, it has deferred a decision on anti-corruption ordinances and Forward Contract Regulation (Amendment) Act. A special Cabinet meeting is likely tomorrow to take call on these ordinances.

Source: www.business-standard.com

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Categories: DA Over 50%, Dearness Allowance, Employees News, Latest News   Tags: , , , , ,

CABINET APPROVED 10% DEARNESS ALLOWANCE HIKE FOR CENTRAL GOVERNMENT EMPLOYEES AND PENSIONERS

CABINET APPROVED 10% DEARNESS ALLOWANCE HIKE FOR CENTRAL GOVERNMENT EMPLOYEES AND PENSIONERS

 

CABINET COMMITTEE APPROVED 10% DEARNESS ALLOWANCE HIKE FOR CENTRAL GOVERNMENT EMPLOYEES AND PENSIONERS

The Union Cabinet today approved to increase in Dearness Allowance by 10% to Central Government employees.

The rate of Dearness allowance shall be enhanced from the existing rate of 90% to 100%.

Revised rates effective from 1.1.2014.

Finance Ministry will publish detailed orders regarding this issue within this month.

5 comments - What do you think?  Posted by admin - at 7:45 am

Categories: DA Over 50%, Dearness Allowance, Employees News, Expected DA, General news, Latest News   Tags: , , , , , ,

Government approves Rs 1,000 min monthly pension under EPS-95

Government approves Rs 1,000 min monthly pension under EPS-95  – PTI

Government today approved the proposal to ensure Rs 1,000 minimum monthly pension under a scheme of retirement fund body EPFO that would immediately benefit 28 lakh pensioners.

The decision to provide the entitlement under Employees’ Pension Scheme-95, run by the Employees’ Provident Fund Organisation, was taken by the Union Cabinet in its meeting held here.

The move will immediately benefit about 28 lakh pensioners including five lakh widows. There are 44 lakh pensioners.

Source: Central Government Staff News
[http://centralgovernmentstaffnews.blogspot.in/2014/02/government-approves-rs-1000-min-monthly.html]

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Cabinet likely to accept minimum pension Rs.1000 per month

Cabinet likely to accept minimum pension Rs.1000 per month

According to media news, Union cabinet may accept the proposal to ensure Rs.1000 minimum monthly pension under the pension scheme run by retirement fund body EPFO.

Acceptance of this agenda, immediately benefit goes to more than 28 lakh pensioners and 5 lakh widows in India.

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Centre may raise age of retirement by 2 years to 62

Centre may raise age of retirement by 2 years to 62

General elections’ dates may be notified on March 5

The Congress-led United Progressive Alliance (UPA) is likely to take a major decision of increasing the retirement age of Central government employees by two years, from 60 to 62 this week. This would be applicable from March 1.

It would be one of the major decisions to be taken by the Cabinet before the model code of conduct for the general elections kicks in. In the Thursday meeting, the Cabinet is also likely to recommend dates for the elections. These could be notified on March 5.

“The government may clear the increase in age this week,” said a source. It is likely to be a part of the terms of reference of the Seventh Pay Commission, expected to file its report in 2017. The panel, however, can recommend an interim relief through the move.

The increase in retirement age would be happening after 15 years. In 1998, it was increased to 60 from 58 following implementation of the Fifth Pay Commission. Experts said it would defer payment of retirement benefits. However, sources confirmed this would not be applicable for employees retiring on February 28.

The cabinet is expected to discuss a proposal to increase the dearness allowance by 10 per cent from January 1, to make it 100 per cent and merge 50 per cent of the increased dearness allowance with basic pay. The terms and conditions of the panel include a proposal to merge 50 per cent of dearness allowance with basic pay.

The move to increase the retirement age may pressure the states to follow. The department of personnel and training was working on the proposal for quite some time. The Budget estimate on the pension outgo for 2014-15 is Rs 80,982 crore, 0.6 per cent of the gross domestic product.

Source: http://www.business-standard.com
[http://www.business-standard.com/article/economy-policy/centre-may-raise-age-of-retirement-by-2-years-to-62-114022600007_1.html]

Be the first to comment - What do you think?  Posted by admin - February 27, 2014 at 4:54 pm

Categories: DA Over 50%, Dearness Allowance, Employees News, Expected DA, Latest News, Retirement Age   Tags: , , , , , , , , , ,

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