Cadre Review in CBEC : Latest Update

The Cadre Review proposal in respect of the promotional prospects of the  Group B officers has been resubmitted by CBEC in warfooting by 8th Feb and now the DoPT may take a couple of days to examine it at appropriate level. If every thing goes fine next week the CR may come out of DoPT with an expected betterment to the Group B level.

IBA released Dearness Relief for Bank pensioners

IBA has released Dearness Relief for Pensioners for the period from Feb 2012 to July 2012 for diiferent kind of pensioners depending upon date of retirement.
"The confirmed All India Average Consumer Price Index Numbers for Industrial Workers  (Base 1960=100) for the quarter ended December  2011 are as follows:- 
  October  2011  - 4519.52 
  November 2011 - 4542.35  
  December 2011 - 4496.70 
In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995 dearness relief is payable to pensioners at rates specified in Appendix II to the Regulations.Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the dearness relief payable to pensioners for the period February 2012 to July 2012 as per Annexure...."
Click here to view the details

Income Tax bonanza for taxpayers in 2012-13 ?

Preparation for budget is in progress. The Govt. is planning to enhance the tax slabs for the individual taxpayers.
According to a PTI report, the basic exemptiom limit is likely to be enhanced from 1.8 lac to 2 lac.
Income between 2 to 5 lac will be taxed @ 10%, 5 to 10 lac @ 20% and more than 10 lac @ 30 % for the Financial Year 2012 - 13.
The present rate for F.Y. 2011-12 is 1.8 lac to 5 lac @10%, 5 to 8 lac @20% and above 8 lac @30%.

Pay commission can't be demanded every five years: Kerala HC

The Kerala High Court on Tuesday made it clear that government employees can't legally demand pay revision every five years. HC said the government appoints pay revision commission not on the basis of any rule and if the government appoints the commission each year, that does not mean that it's a right of the government employees, said justice TR Ramachandran Nair . He said recommendations of the commission would be implemented as per government wish. 

Air India restructuring approved by Group of Ministers

Group of Ministers (GoM) approves financial restructuring package for Air India. Cabinet to take a final view soon.
Source : PTI
Sources also informed that GOM also agreed to allow Air India to raise resources by issuing bonds or by other means.
Details are awaited.
Earlier News

Panel suggests combining incentives with Air India employees’ basic salary