Thursday, August 27, 2015

OROP deadlock likely to be resolved today

Update :  Ex-servicemen to meet Defence Minister Manohar Parrikar
In a fresh bid to break the One Rank One Pension impasse, representatives of ex-servicemen will be meeting Defence Minister Manohar Parrikar on Thursday night. Defence sources said the meeting will take place in the minister's office in South Block to thrash out the differences.
Earlier News
Hopes are high for a resolution to the deadlock over increased pensions for veterans as early as Thursday but all demands put forward by ex-servicemen may not be met. While hectic negotiations are on, at least two sticking points still remain, including the question of arrears worth over Rs 12,000 crore that may have to be paid if the One Rank One Pension (OROP) demand is met with effect from April 2014.

Wednesday, August 26, 2015

Seventh Pay Commission's term extended for four months - upto 31.12.2015

Adding frustration to millions of central Govt. employees and pensioners, cabinet extended the tenure of seventh CPC upto 31st December 2016. In different media reports it was indicated earlier that the term would extend for one month but now the wait becomes much more longer.
It can also be guessed that new pay scale is not going to be operational from 01.01.2016 as proposed earlier. After the submission of report it will take at least three months for the Govt. to analyse and approve the pay hike. So central Govt. employees and pensioners can expect the pay hike only in the next financial year.
Cabinet decision regarding extension of seventh CPC is published below :
Extension of the term of the 7th Central Pay Commission
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for the extension of the term of the 7th Central Pay Commission by four months up to 31.12.2015.

Background:

The 7th Central Pay Commission was constituted by the Central Government on 28.2.2014. According to the Resolution dated 28.2.2014, by which the Commission was constituted, it is to make its recommendations within 18 months of the date of its constitution that is by 27th August, 2015.

In view of its volume of work and intensive stake-holders' consultations, the 7th Central Pay Commission had made a request to the Government for a four month extension up to 31.12.2015. 

Tuesday, August 25, 2015

PTI News : Seventh pay panel to submit report next month

New Delhi, Aug 25 (PTI) Seventh Pay Commission set up by the government to revise pay scales of central government employees will submit its report by September end, said its Chairman Justice A K Mathur here today.

The Commission, which was set up by the UPA government in February 2014 to revise remuneration of about 48 lakh central government employees and 55 lakh pensioners, was required to submit its report by August end.

"The Commission will submit its report by the end of September" Justice Mathur told PTI.

The government constitutes pay commission almost every ten years to revise the pay scales of its employees and often these are adopted by states after some modification.

The Commission has already completed discussions with various stakeholders including organisations, federations, groups representing civil employees as well as Defence Services.

It is now in the process of finalising its recommendations.

The recommendations of the Seventh Pay Commission is scheduled to come into effect from January 1, 2016.

The other members of the Commission are Vivel Rae, Rathin Roy and its secretary Meena Agarwal.

The Sixth Pay Commission was implemented with effect from January 1, 2006, the fifth from January 1, 1996 and the fourth from January 1, 1986.

Click here for the source link

Friday, August 21, 2015

Finally bankers get two Saturdays as holiday

Click here for IBA Circular
Click here for Govt. of India Notification
Bank employees have something to cheer on alternate weekends. The Centre on Thursday declared that the second and fourth Saturday of every month would be a holiday for banks, with effect from September 1, 2015.
This announcement is being made as part of the agreement arrived at during the 10 bipartite wage settlement between the IBA and bank employees’ unions in June this year.
Welcoming the decision, All India Bank Employees’ Association general secretary C.H. Venkatachalam said, “As of now, they are working on all Saturdays from 10 a.m. to 2 p.m. Beginning September, they will have two alternate Saturdays as holidays and have to work from 10 a.m. to 5 p.m. on the first and third Saturdays.”

Wednesday, August 19, 2015

J&K govt announces 6% hike in DA of its employees

Srinagar, Aug 19 (PTI) Jammu and Kashmir government today announced a six per cent hike in the Dearness Allowance (DA) of its employees with effect from January this year.

The decision was taken at a cabinet meeting chaired by Chief Minister Mufti Mohammad Sayeed here.

Announcing the cabinet decisions at a press conference here, Education Minister Nayeem Akhtar said "we announce a hike in DA from 107 to 113 from January this year." 

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