7th Pay Commission: Achhe Din for government employees, Centre likely to hike Dearness Allowance by 2 per cent before Dussehra Union Finance Minister Arun Jaitley will move the proposal of hike in DA on the basis of accepted formula for calculation under the 7th Pay Commission recommendation. In a good news for 10 million central government employees, Narendra Modi … [Read more...] about 7th Pay Commission: Achhe Din for government employees, Centre likely to hike Dearness Allowance by 2 per cent before Dussehra
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DA
DA & Linking Factor : What is expected? : DA Announcement and linking factor explored
DA & Linking Factor What's expected? DA Announcement and linking factor explored. As you all know that DA is calculated based on AICPIN. AICPIN is calculated based on the inflation and the cost of living in various cities. So, what's going to happen in 7th Pay Commission, let's read. In Pay Commission III, the base year was used as (1960 =100). In 4th Pay … [Read more...] about DA & Linking Factor : What is expected? : DA Announcement and linking factor explored
Calculation starts for expected DA from January 2017
Expected DA Calculation starts from January 2017 People started to calculate expected DA from January 2017 as 7 Months AICPIN Points are released so far. The Labor Bureau has released Consumer Price Index Numbers for Industrial Workers for the Month of July 2016 today. Already It is confirmed that Dearness Allowance from July 2016 might be 2% as per the revised DA … [Read more...] about Calculation starts for expected DA from January 2017
Future computation of Dearness Allowance and adoption base index figure to Revised Minimum Wage 7th CPC DA Calculation
Future computation of Dearness Allowance and adoption base index figure to Revised Minimum Wage – Regarding “The next instalment of DA, which has become due as on 1.07.2016 if computed on the above basis of 260.46, shall work out to 3.28%. On ignoring the faction, the DA with effect from 01.07.2016 shall be 3%. We, request you to kindly take the above into account and issue … [Read more...] about Future computation of Dearness Allowance and adoption base index figure to Revised Minimum Wage 7th CPC DA Calculation
AICPIN for the month of July 2016 – 2% DA for the month of July 2016
2% DA for the month of July 2016 - AICPIN for the month of July 2016: No. 5/1/2016-CPI GOVERNMENT OF INDIA MINISTRY OF LABOUR & EMPLOYMENT LABOUR BUREAU CLEREMONT, SHIMLA-171004 DATED: 31st August, 2016 Press Release Consumer Price Index for Industrial Workers (CPI-IW) — July, 2016 The All-India CPI-IW for July, 2016 increased by … [Read more...] about AICPIN for the month of July 2016 – 2% DA for the month of July 2016
Clean up the employees pension scheme
Clean up the employees’ pension scheme Though a majority of organised workers are covered under the Employees’ Pension Scheme (EPS) 1995, there is still very low transparency level. Many readers might not have even heard about it because EPS is not a separate scheme. It is just an add-on to the Employee Provident Fund (EPF) scheme and all EPF members also … [Read more...] about Clean up the employees pension scheme
Himachal state government announced release of 6 percent additional DA to employees and pensioners
6 per cent hike in DA for Himachal govt employees, pensioners Shimla/Dharamshala: Himachal Pradesh Chief Minister Virbhadra Singh today announced release of six per cent additional DA to employees and pensioners of the state government with effect from January 1 this year, which would cost Rs 330 crore more to the state exchequer annually. Presiding over the state-level … [Read more...] about Himachal state government announced release of 6 percent additional DA to employees and pensioners
Merger of 50% DA with Pay and Pension for BSNL Employees and Pensioners
Revision of pension of BSNL pensioners/ family pensioners, who retired prior to 10.06.2013 by allowing the benefit of merger of 50% DA/ DR with Basic Pay/ pension, effectively amounting to 78.2% DA/ DR for the purpose of fitment BSNL Pensioners will get Merger of 50% DA / DR with Basic Pay / Pension No.40-13/2013-Pen (T) Government of India Ministry of … [Read more...] about Merger of 50% DA with Pay and Pension for BSNL Employees and Pensioners
A miserable 2 per cent – ARTICLE BY SRI. VINODH RAI ON 7TH CPC
A miserable 2 per cent – ARTICLE BY SRI. VINODH RAI ON 7TH CPC Former comptroller and auditor general, Rai is chairman of Banks Board Bureau. On June 30, headlines across newspapers were on the Union government having approved the Seventh Pay Commission recommendations. The Economic Times headline read, “Central staff hit pay dirt: An early Diwali”. The newspaper said the … [Read more...] about A miserable 2 per cent – ARTICLE BY SRI. VINODH RAI ON 7TH CPC
Dearness Relief for Bank Pensioners from August 2016
Dearness Relief payable to Pensioners for the period August 2016 to January 2017 IBA circular on Dearness Relief for Bank Pensioners. Indian Banks’ Association HR & INDUSTRIAL RELATIONS No.CIR/HR&IR/D/G2/2016-17 /772 August 1, 2016 Designated Officers of all Member Banks which are parties to the Bipartite Settlement on Pension Dear Sirs, Dearness … [Read more...] about Dearness Relief for Bank Pensioners from August 2016
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