Friday, January 20, 2017

Kerala enhance Dearness Allowance by 3%

Kerala Government Employees, Teachers and Pensioners will get an enhanced Dearness Allowance of 12% from this month.
The decision to enhance the DA by 3% was taken by the government on Wednesday, a release from the Finance minister's office said. The new DA will be given in the January salary and will have retrospective effect from July 2016, the release added.
For the employees the arrears will be merged with Provident Fund, while pensioners will get the arrears in cash. The enhanced DA will cause a monthly burden of Rs 86.07 crore and yearly burden of Rs 1032.84 crore to the state exchequer.

Tuesday, January 17, 2017

Govt. modified date of effect of enhanced CGHS contribution

Govt. changed the date of effect of enhancement of CGHS contribution as 1st February 2017 instead of 01.01.2017 as notified earlier.
Click here for the modification notification

Monday, January 16, 2017

CGHS contribution enhanced w.e.f 01.01.2017

Update : date of effect modified as 01.02.2017
Consequent to revision in the pay structure of Central Govt. employees, CGHS contribution is going to be enhanced from 01.01.2017 at the following rate :
Sr. No.
Level in the Pay Matrix
Contribution per month (Rs)
1
Level 1 to 5
250
2
Level 6
450
3
Level: 7 to 11
650
4
Level 12 and above
1000


Click here to view the O.M. for change in other entitlements.

ATM withdrawal limit enhanced to Rs 10,000/-

On a review of limits placed on withdrawals from ATMs and current accounts, it has been decided to enhance the same, with immediate effect as under:
(i) The limit on withdrawals from ATMs has been enhanced from the current limit of  4,500/- to 10,000/- per day per card (It will be operative within the existing overall weekly limit).
(ii) The limit on withdrawal from current accounts has been enhanced from the current limit of  50,000/- per week to  1,00,000/- per week and it extends to overdraft and cash credit accounts also.

Saturday, January 14, 2017

Central Govt. clears air on salary revision of autonomous bodies, Statutory bodies etc.

Wage revision of Central autonomous bodies, quasi-Govt. organizations etc. has not been implemented so far despite of seventh CPC implementation for Central Govt. employees. The employees of these organizations are asking pay revision in line with the central counterparts.
Ministry has Finance has clarified that the pay revision of these organizations will not take effect automatically. The concerned body will have to effect the same with approval of the financial advisor of the concerned Dept./Ministry and in cases where the organizations are not dependent on Govt. about salary payment, they will bear the additional burden themselves. In other cases where they are partially or fully dependent on Central Govt., shortfall to meet the additional burden may be borne by Govt. , subject to certain conditions.
Ministry of Finance has also clarified the the allowances which are not yet hiked for the central employees, pending decision of Govt., may not be increased for these bodies as of now.

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