Tuesday, December 19, 2017
Thursday, August 31, 2017
Thursday, July 27, 2017
Saturday, July 22, 2017
Tuesday, July 11, 2017
Thursday, April 20, 2017
7th Pay Commission: NJCA may call for strike if Committee on Allowances further delays report
The NJCA is leading the negotiation over 7th Pay Commission on behalf of central government employees.
The National Joint Council of Action (NJCA), aggrieved over the delay on higher allowances under the 7th Pay Commission recommendations, may call for nationwide strike if the Committee on Allowance fails to submit its final report. According to media reports, the Committee on Allowances is likely to submit its report on higher allowances under the 7th Pay Commission to the Finance Ministry this week. But there is no official confirmation in this regard. It’s been almost nine months since the formation of the Committee on Allowances, but it is yet to submit its report. Meanwhile, the National Council Staff Side has called a meeting on May 2 of the Joint Consultative Machinery (JCM) to discuss the next course of action if the Committee on Allowance further delays report. (ALSO READ: Half week passed; suspense continues on Committee on Allowance report)
National Joint Council of Action (NJCA) convenor Shiv Gopal Mishra, while speaking to India.com, said the central government employees might go on strike if the Committee on Allowances delays the report further or rejected their demands. The NJCA is leading the negotiation over 7th Pay Commission on behalf of central government employees. Shiv Gopal Mishra also informed that the issues of abolition of ‘option 1’ for pensioners will be discussed at the JCM meet too. Option 1 allowed pensioners to avail their pension hike as per the pay band in which they were enrolled at the time of retirement. Pensioners were forced to accept option 2 as option 1 had been rejected.
“The JCM meeting is called on May 2. Whether the Lavasa Committee submits it report or not (by the end of the month), the meet would be held. If the report on allowances is not tabled, then we will plan the next step of action. I cannot rule out the option of reviving the call for strike. After all, how long should the employees wait?” said Shiv Gopal Mishra. The issue of hike in minimum pay would also be discussed at the JCM meet. “It is the centrifugal issue. All pay commission so far had kept the issue of minimum salary at the centre. We will negotiate with the government and attempt to persuade them,” he said.
The 7th Pay Commission had also recommended abolition of 52 allowances and subsuming 37 others out of 196 allowances, which triggered resentment among central government employees. Central government employees are unhappy because of the reduction in housing rent allowance (HRA) and want the government to increase basic pay from from Rs 18,000 to Rs 26,000.
soruce: India.com
Wednesday, April 19, 2017
DoPT denies Media News about extension of working hours of Central Government employees
Press Information Bureau
Government of India
Ministry of Personnel, Public Grievances & Pensions
Government of India
Ministry of Personnel, Public Grievances & Pensions
18-April-2017 16:06 IST
DoPT denies Media News about extension of working hours of Central Government employees
The attention is drawn to the media news about extension of working hours of Central Government employees by the Department of Personnel and Training (DoPT), Ministry of Personnel, Public Grievances and Pensions, Government of India. It has been stated in the news item that Central Government employees’ working hours will be changed from 09.00 AM to 07.00 PM. It was also stated that the holiday of Saturday will also be done away with for the Central Government employees.
In this regard, the DoPT clarifies that there is no such proposal under consideration of the Central Government. The media news regarding the extension of working hours and abolition of holiday on Saturday for Central Government employees is false and baseless. There is no oral or unwritten order issued in this regard.
Sunday, April 16, 2017
Wednesday, April 12, 2017
7th Pay Commission: Lavasa committee likely to take more time to submit report on allowances
The allowance hike was deferred owing to the
anomalies raised by employee unions over the abolition of 53 allowances and
subsumption of 36 others into larger ones.
New Delhi, April 12: Central government employees may have to
further await the higher allowances as per as the high-level committee led by
Finance Secretary Ashok Lavasa is yet to submit its report. Although the
National Joint Council of Action (NJCA) expects the committee to submit its
report to the government by this week, a top employee union official, while
speaking to NDTV, claimed
that the Lavasa committee could further delay its report.
The hike in allowances is awaited since July
2016, when Centre raised only the basic component of the salaries of
central government employees. The allowance hike was deferred owing to the
anomalies raised by employee unions over the abolition of 53 allowances and
subsumption of 36 others into larger ones.
The Lavasa committee was initially provided a
time period of four months to submit its report to Centre. Since it failed to
submit its report, the Finance Ministry provided the committee an extension
till February. Due to the five-state assembly elections and the imposition of
model code of conduct, the report was not tabled.
While it was expected that the Lavasa committee
would submit its report immediately following the elections, central government
employees were disappointed as no decision was taken yet regarding the
allowances.
“As per the information we have, the committee
is expected to submit its report to the government in next 4-5 days. Now, it is
up to the Cabinet to take a swift call and approve the report at the earliest,”
NJCA convenor Shiv Gopal Mishra said while speaking to India.com.
The implementation of allowance report would
benefit a total of 47 lakh central government employees. So far, the workforce
received only 14.3 per cent effective pay hike, despite being promised 23.5 per
cent in the 7th Pay Commission report submitted by Justice (retd) AK Mathur.
The implementation of higher allowance would allow them to realise the full pay
hike
source : India.com
7th Pay Commission: After higher allowances and pensions, NJCA to negotiate minimum salary of Central Govt employees
"Minimum salary is an important issue. We will surely negotiate it with the Government. Once the matter pertaining to allowances and pensions gets settled, the NJCA will raise it," Shiv Gopal Mishra said while speaking to India.com.
“Minimum salary is an important issue. We will surely negotiate it with the Government. Once the matter pertaining to allowances and pensions gets settled, the NJCA will raise it,” Shiv Gopal Mishra said.
As per the recommendations of 7th Pay Commission, the minimum salaries of Central Government employees was hiked from Rs 7,000 to Rs 18,000. The fitment factor used by Justice AK Mathur-led 7th pay panel was 2.57. The NJCA has demanded the Government to upgrade the fitment factor to at least 3.68, in order to revise the minimum salaries to Rs 26,000.
The Confederation of Central Government employees has also demanded the Government to raise the minimum salaries to Rs 26,000, along with the regularisation of contractual employees.
The issue of minimum salary was one of the key agenda laid before NJCA before the Government in July 2016, when they had threatened a mass strike. Nearly 33 lakh Central Government employees were expected to participate in the indefinite strike which was scheduled to begin from July 11. However, after receiving assurance from Centre, the NJCA was compelled to retract their mass agitation.
No indication has been given from the Government so far regarding the upgradation of minimum salary using a fitment factor of 3.68. According to experts, Centre could adopt a middle road by using a fitment factor of anything between 2.86 to 3.15. The minimum salary, thereby, could be increased between Rs 19,000 to 22,020. However, no official confirmation regarding the same has been received.
The utmost target for NJCA, before the hike in minimum salary, is the implementation of higher allowances. Due to anomalies raised by unions in July, only the basic component of salary was raised for Central Government employees. The hike in allowances was awaited as Centre formed a committee under Finance Secretary Ashok Lavasa to review the demands raised by unions.
source : India.com
Tuesday, April 11, 2017
Declaration of result of LDC Examination for promotion to the cadre of lnspector Posts (66.66% quota) for the year 2015-16 held on 22nd and 23rd October, 2016.
The result of above said examination is expected in last week of this month or first week of next month.
source : chq
Friday, April 07, 2017
7th Pay Commission: Allowance Committee Report On HRA Likely In A Week
At its previous meeting on March 28, the allowance committee had sought comments from the ministries of defence, railways and posts on treatment of 14 allowances.
The allowance committee examining 7th pay commission recommendations on Thursday held a crucial meeting and is likely to submit its report in a week's time, said Shiv Gopal Mishra, the convenor of National Joint Council of Action (NJCA), a joint body of unions representing central government employees. On HRA, the 7th pay commission had recommended that it be paid at the rate of 24 per cent, 16 per cent and 8 per cent of the new basic pay, depending on type of cities. With regard to allowances, employee unions have demanded HRA (house rent allowance) at the rate of 30 per cent, 20 per cent and 10 per cent.
At its previous meeting on March 28, the allowance committee had sought comments from the ministries of defence, railways and posts on treatment of 14 allowances. The 7th pay commission had also recommended that the rate of HRA be revised to 27 per cent, 18 per cent and 9 per cent, respectively when DA crosses 50 per cent, and further revised to 30 per cent, 20 per cent and 10 per cent when DA crosses 100 per cent.
The government had in June accepted the recommendation of Justice AK Mathur-headed 7th pay commission in respect of the hike in basic pay and pension. But the 7th pay commission's recommendations relating to allowances were referred to the Ashok Lavasa committee. The 7th pay commission had examined a total of 196 existing allowances and recommended abolition of 51 allowances and subsuming of 37 allowances.
At its previous meeting on March 28, the allowance committee had sought comments from the ministries of defence, railways and posts on treatment of 14 allowances. The 7th pay commission had also recommended that the rate of HRA be revised to 27 per cent, 18 per cent and 9 per cent, respectively when DA crosses 50 per cent, and further revised to 30 per cent, 20 per cent and 10 per cent when DA crosses 100 per cent.
The government had in June accepted the recommendation of Justice AK Mathur-headed 7th pay commission in respect of the hike in basic pay and pension. But the 7th pay commission's recommendations relating to allowances were referred to the Ashok Lavasa committee. The 7th pay commission had examined a total of 196 existing allowances and recommended abolition of 51 allowances and subsuming of 37 allowances.
Minister of State for Finance Arjun Ram Meghwal on March 24 clarified that the allowance committee is now in the process of finalising its report. The minister also explained why the allowance committee has taken more time to finalise its report. The allowance committee related to 7th pay commission awards "has taken more time than was initially prescribed in view of large number of demands received," he clarified.
source: profit.ndtv.com
Thursday, April 06, 2017
Government of India, Postal Department interest rate for the period 01.04.2017 to 30.06.2017
Post office investment Schemes
|
Rate of
Interest in
%
|
Minimum/Maximu m
DepositAmount inRs.
|
MaturityPeriod / Amount in Rs.
|
Remarks
|
SB Account
(SB)
|
4%
|
Min Rs50
Max unlimited
|
No maturity period.Every year Interestwill be paid as
per their savings.
|
ATM facility available. No service charge for PO ATM
withdrawal. Free SMS service.
|
RDAccount
(RD)5Years
|
7.2%
|
Monthly MinRs.10
Maximum NoLimit
|
For Monthly Rs.1000investment Maturity
amount is Rs.72315
|
Monthly Recurring Deposit. After 3 years Premature closure
is allowed.
|
Monthly Income Scheme (MIS)5
Years
|
7.6%
|
MinimumMultiples of Rs.1500/-
Maximum
Rs.4.5lakh for single
Rs.9 lakhs for joint
|
For Rs.100500/- Monthly interest Rs 637
|
Monthly interest can be withdrawn.
After 2/3 years premature closure is allowed with 2%/1%
deduction.
|
1 YearTime Deposit (1year TD)
|
6.9% (quarterly compound)
|
MinimumMultiples of Rs.200/ Maximum Nolimit
|
For Rs.10000investment
Maturity amount Rs.10708
|
1 year Fixed deposit. Can be closed prematurely after 6 months with SB rate of interest
|
2 Years Time Deposit (2YearsTD)
|
7.0% (quarterly compound)
|
MinimumMultiples of Rs.200/ Maximum Nolimit
|
For Rs.10000investment
Maturity amount Rs.11437
|
2 years Fixed deposit. Can be closed prematurely after 6 months with SB interest
|
3 Years
Time Deposit (3YearsTD)
|
7.2% (quarterly compound)
|
MinimumMultiples of Rs.200/ Maximum Nolimit
|
For Rs.10000investment
Maturity amount Rs.12219
|
3 years Fixed deposit. Can be closed prematurely after 6 months with SB interest
|
5 Years Time Deposit
(5YearsTD)
|
7.7% (quarterly compound)
|
MinimumMultiples of Rs.200/ Maximum Nolimit
|
For Rs.10000investment
Maturity amount Rs.13963
|
5 years Fixed deposit. Can be closed prematurely after 6 months with SB interest.Can
claim IT exemption under 80C
|
Senior
Citizen Scheme (5 years)
|
8.4%
|
Multiples of
Rs.1000/- Maximum Rs.15lakhs
|
For Rs.1lakh
Rs.2025 interest for every 3 months
|
For retired govt employees and above 60 years age citizens.
Investment can be claimed
under 80c
|
Sukanya
Samridhi
Account
(Forbelow
10yearsage girlchild)
|
8.4%
|
Minimum Rs.1000/- Deposit Multiples of Rs.100.Maximum Rs.1.5 lakhsfor the F.Y
|
If monthly contribution is
Rs1000/ for 14 years total contribution is 168000/-
Maturity value would be
approximately Rs570205 (approximately)
|
Depositing period 14 years.
Maturity 21 years.
New scheme launched by the Govt of India, to the welfare of girl children. Can claim IT exemption under 80c
|
PPF Period 15 years
|
7.9%
|
Minimum Rs.500/- Deposit Multiples of
Rs.100.Maximum Rs.1.5 lakhsfor the F.Y
|
If monthlycontribution is
Rs1000/ for 15 years total contribution is 180000/-
Maturity amount is
Rs337135 (approximately)
|
For Savings and Income tax concession purpose
|
Kisan Vikas
Patra (KVP)
100 months
|
7.6% Doubles in 9
years 5 months
|
Multiples ofRs.1000/ Maximum Nolimit
|
For 1lakhinvestment, maturity Rs.2 Lakhs
|
Investment will be doubled in
114 months
|
National
Savings Certificate (NSC)
5 years
|
7.9% (quarterly compound interest)
|
Minimum Rs.100/ Maximum Nolimit
|
For Rs.10000Maturity amountRs.14625
|
For Income tax concession purpose
|
Compiled by Shri. K.Kalimuthu Postmaster Grade I, Subramaniapuram LSG S.O, Madurai. 625011. Mobile 9566330927.
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