Saturday, July 31, 2010

Bihar notifies payment of revised UGC scales

The long wait is over now. The state government has notified payment of revised UGC scales to the teachers of universities and colleges with effect from January, 2006. While the new payscales would be paid to the teachers from the month of September, the arrears would be paid in five annual instalments beginning from the financial year 2011-12. 

According to a notification issued by the state HRD department here on late Thursday evening, the teachers of traditional universities, degree colleges, grant-in-aid minority colleges and government colleges, besides the vice-chancellors and pro-vice-chancellors would get the revised scales with effect from January, 2006. 

While the Central government would meet 80 per cent of the additional financial burden on payment of revised scales from January, 2006, to March, 2010, the state government would meet the 20 percent expenses. However, from April, 2010, onward, the state government would have to meet the entire expenses. 

The state government has decided to implement the revised payscales proposed by the Central government along with the conditions and guidelines except the age of superannuation of teachers. The UGC has recommended the age of superannuation of teachers to be 65 years. Along with the revised pay, the designations of teachers would also stand changed. Lecturers and readers would now be designated as assistant and associate professors respectively. 

As per notification, the payscale of assistant professor will be Rs 15,600-39,100 with academic grade pay (AGP) of Rs 6,000, while that of associate professor would be Rs 15,600-39,100 with AGP of Rs 8,000 (with less than three years of service as reader) and Rs 37,000-67,000 with AGP of Rs 9,000 to those associate professors who have completed three years of service. 

The payscale of professors will now be Rs 37,400-67,000 with an AGP of Rs 9000 to Rs 12,000. A directly recruited professor will, however, be placed at a minimum of Rs 43,000 in the payscale of Rs 37,400-67,000 with an AGP of Rs 10,000. The principal of a college will receive Rs 37,400-67,000 with AGP of Rs 10,000. 

The vice-chancellor will get a fixed monthly salary of Rs 75,000, besides Rs 5,000 as special allowance. The pro-VC will be placed in the scale of Rs 37,400-67,000 with an AGP of Rs 10,000 to 12,000. 

However, the notification clarifies that the revised scales would be payable to only those teachers who have been duly appointed by competent bodies against sanctioned posts. The effective date of appointment of teachers whose services have been regularized under different absorption statutes would be counted from the date of absorption in the light of the judgments of Patna High Court (CWJC 5859/96 and 9839/2001) and their revised pay would be fixed on the basis of their valid service as readers or professors. 

But, those teachers whose appointments have been held legal from the date of their initial appointment would get the revised pay from that very date. 

Similarly, those teachers of new constituent colleges would not be given the revised pay whose names have not been recommended by the Agrawal Commission. 


Source : Times of India

Friday, July 30, 2010

Dearness allowance for Bank and Central Govt. employees from July 2010

Update :View the Bank D.A. for Aug,Sep.Oct
Bank D.A.from Aug 2010 onwards :D.A. RISE FOR AUG SEP OCT 2010 IS 8 SLABS.(TOTAL 40.8%OF B.P+SPL.ALL.+P.Q.A)

Source : Mr Kumar
Visit the Bank D.A. details
Central D.A. @10%
 All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 value has been released by Labour Bureau. The value of the index stands at 174 level, so in this situation, the Dearness Allowance for Central Government Employees will be rised 10% and total of 45% (35% + 10%). All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of June, 2010 increased by 2 points and stood at 174 (one hundred and seventy four). 


During June, 2010, the index recorded an increase of 8 points in Varanasi centre, 6 points each in Quilon and Giridih centres, 5 points in 4 centres, 4 points in 8 centres, 3 points in 13 centres, 2 points in 17 centres and 1 point in 19 centres. The index decreased by 1 point each in Ludhiana and Ghaziabad centres, while in the remaining 12 centres the index remained stationary. 


The indices in respect of the six major centres are as follows :

1. Ahmedabad – 169
2. Bangalore –182
3. Chennai – 162
4. Delhi – 159
5. Kolkata -172
6. Mumbai -171

The point to point rate of inflation for the month of June, 2010 is 13.73% as compared to 13.91% in May, 2010. 



Source : Labour Bureau.








MonthAll India Index% of increase
Nov-0814821.44
Dec-0814722.38
Jan-0914823.39
Feb-0914824.32
Mar-0914825.12
Apr-0915025.98
May-0915126.84
Jun-0915327.78
Jul-0916029
Aug-0916230.23
Sep-0916331.45
Oct-0916532.67
Nov-0916834.11
Dec-0916935.7
Jan-1017237.43
Feb-1017039.01
Mar-1017040.59
Apr-1017042.03
May-1017243.54
Jun-1017445.06






Based on AICPIN index, here we calculated DA percentage from 1st July 2010 onwards
As per index value, % of increase for June 2010 is 45.06, so it will be 45% dearness allowance from July 2010 onwards for central government employees.
How to calculate % of increase ?
Here is the simple formula for calculate increase percentage for AICPIN
=> DA = (Average of AICPIN for the past 12 months – 115.76)*100/115.76



It may be remembered that no official release is available about the D.A. hike of Central Govt. employees till now (30.07.2010). The announcement from Govt. of India is awaited and we will inform as soon as it is made available.

Wednesday, July 28, 2010

Govt approved revision of pay-scales of Class-I and Class-II officers of Port Trusts

The Government has approved the revision of pay-scales of Class-I and Class-II officers of Major Port Trusts w.e.f. 1 January, 2007. The revision would benefit about 3,600 officers of the eleven Major Port Trusts and Calcutta Dock Labour Board. The highlight of the revision is a fitment benefit of 30% to all officers and also one level jump in the pay-scales consequent to removal of non-standard pay-scale as per Department of Public Enterprise’s Guidelines. The other major decision consequent to the revision of pay-scale is that allowing the officers of Major Port Trusts to avail the benefits of various allowances under “cafeteria” approach as prescribed for Public Sector Undertaking executives. The total financial implications involved on account this revision is approximately about Rs.55 crores annually. The Major Ports will meet this additional expenditure from their own resources. No budgetary support from the Government will be provided.


Source PIB Release.

Tuesday, July 27, 2010

2ND OPTION ON PENSION – IMPLEMENTATION OF AGREEMENT HURDLES OF LITIGATION

All India Bank Officers' Confederation has recently issued a circular to inform the members about the current status of disbursement of arrears in the context of the litigation and subsequent stay in the Madras High Court against the deduction of 2.8 times of November 2007 pay of the CPF optees.
The entire circular is published here for the viewers.


CIRCULAR NO:106                                                DATE: 24.07.2010

TO ALL AFFILIATES/MEMBERS:

2ND OPTION ON PENSION – IMPLEMENTATION OF AGREEMENT
HURDLES OF LITIGATION ETC.,
          We have been receiving anxious enquiries from the entire bank officers’ fraternity all over the country as to the process of the implementation of the 2nd option on Pension as agreed at the industry level between the Constituents of the United Forum of Bank Unions and the Indian Banks’ Association.  Our comrades may recollect that, the issue was being pursued by the Confederation and it was taken up with the Indian Banks’ Association as well as the Government authorities for speeding up the entire process of issuance of notification and extension of offer of the scheme as required under the agreement. However, in the meanwhile, some of the CPF Optees have approached the Hon’ble High Court of Madras for bringing stay on the grounds that the contribution of 2.8 times of the “pay” as on 01.11.2007 as per the agreement dated 27.04.2010 by the P.F.Optees alone is discriminatory and hence the Court should stay the operation of the agreement.  The Court has granted a temporary stay on 29.06.2010 against recovery of 2.8 times of pay from the arrears of salary and allowances from CPF optees subject to the hearing of the case.
2.       The case is getting listed but could not reach the stage of hearing so far.  We have been in touch with the Indian Banks’ Association and the Government authorities for early moving of the court to get the matter resolved so that the implementation of the agreement can be smooth one.  Unfortunately, there are certain developments in between. The payment of arrears in Canara Bank took place after the temporary stay was granted by the Court; the petitioners have raised the issue of contempt of court and compelled the Management of Canara Bank to refund the amount recovered. Fearing the contempt proceedings Bank has returned the amount recovered from the award staff.  As the Confederation or any other Officers’ organization is not a party to this petition, they have not returned the amount recovered from the Officers concerned.
3.       It is in this background we have taken up the matter with the IBA for immediate action on their part.  We are now given to understand that in view of the inordinate delay and the frustration it is causing to the entire workforce, the IBA is now planning to go before the Bench of Hon’ble High Court of Madras, raising the issue of urgency in getting the agreement implemented and seeking quashing of the case.  We are confident that the issue is expected to be sorted out by the end of next week.
4.       We are in touch with the Convener of United Forum of Bank Unions and he is also seized of the matter and had a detailed discussion with the Indian Banks’ Association. We have also decided to raise the issue in the meeting of the United Forum of Bank Unions which is scheduled on 26th of July 2010 at Mumbai to deliberate on all these developments and take appropriate decision in the matter.
5.       We have been receiving a number of communications and anxious enquiries from different parts of the country.  Our affiliates should keep a close watch about these developments and should ensure that the interests of the Officers are protected.  If there are any unsavory developments they should be in touch with the leadership of the Confederation for necessary guidance.  They should also convey to their respective management that as regards the Officers the status will continue and there is no question of return of the contribution.
6.       We note to keep advised of further developments in the matter. 


Source : All India Bank Officers' Confederation

Supreme Court ordered entitlement of pension after 20 years of service for judicial officers.

The Supreme Court today said that the judicial officers of subordinate courts will be entitled for pensionary benifits after rendering a minimum service of 20 years instead of prevailing 33 years.

A special bench headed by Chief Justice S H Kapadia accepted the recommendations of apex court-appointed committee which reduced the minimum service required for entitlement of pension from 33 years to 20.

The bench, hearing the matters relating to judicial infrastructure, approved the suggestions of the Padmanabhan committee recommending the payment of 50 per cent of the last drawn salary of judges to be given as pension.

Justice E Padmanabhan, a former judge of the Madras High Court, had submitted the report to the Supreme Court proposing an average three-fold hike in existing salaries that was recommended by the first National Judicial Pay Commission (NJPC) in 1999.


Source PTI News.

Monday, July 26, 2010

Bank and LIC (Proposed) Revised Pay Package : View the difference.


Wage Revision Bank and LIC

BANK 01.11.07               LIC  01.08.07

CLERK-BASIC                          6200-18300                    7640-21050

SUB-STAFF BASIC                   5500-11000                   6180-11620

D.A MERGER POINTS               2836                                         2944

H.R.A                                       10%  9%  7.5% 7%              10% 8% 7%

C.C.A                                       0%0%0%                            3.0,2.5,2.0%

TRANSPORT ALLOW.              225                                           275

MEDICAL AID                           2000                                         4000

NEW PENSION SCHEME           ACCEPTED           STILL NOT ACCEPTED

COM.APPOINTMENT                NO                                  RETAINED

MOBILITY                                 ALREADY EXIST    NOT ACCEPTED

Sent by Mr Kumar 




Sunday, July 25, 2010

Regional Rural banks will get pay at par with nationalised banks : Finance Minister

Finance Minister Shri Pranab Mukherjee has asked the Regional Rural Banks (RRBs) to bring their Non-Performing Assets (NPAs) below 5% by this year itself. Finance Minister also announced the wage revision of the pay-scale and allowances of the employees of the RRBscorresponding to those of Nationalised Banks as per 9thBipartite Settlement. The additional cost burden of the arrears on this account would be about Rs. 791 crores. He was addressing the annual review meeting of Chairmen ofRRBs and General Managers of Sponsor Banks, here today. Shri Mukherjee asked the RRBs to speed up their activities to expand their branches on platform of Core Banking Solutions. The Finance Minister emphasized upon use of new technology including Business Correspondents, mobile banking vans, tele-banking etc. to provide banking services to entire population of the country, especially in the rural areas.

Secretary Financial Services, Shri R. Gopalan, Deputy Governor RBI, Dr. K.C. Chakravarty, Chairman NABARD, ShriU.C.Sarangi and Additional Secretary, Financial Services, ShriRakesh Singh were also present on this occasion among others.

Following is full text of the speech delivered by the Finance Minister Shri Pranab Mukherjee on this occasion:

“I am happy to be here in the annual review meeting of Chairmen of RRBs and General Managers of Sponsor Banks. Such meetings are being organized regularly since January 2007 and have helped in preparing a realistic action plan for strengthening the RRBs on a sustainable growth trajectory.  I hope that this meeting will help us in further consolidating the efforts being made by the RRBs, Sponsor Banks, Govt Of India, NABARD  and the Reserve Bank of India.

As you are aware, the first batch of RRBs were established on2 October 1975 and their number gradually increased to 196 in 1986.  The RRBs were designed as unique financial institutions with exclusive focus on development of rural areas.  It was expected that these institutions would provide efficient financial services at affordable cost to the disadvantaged sections of the rural population. 

Government of India had initiated a series of measures in the recent years to strengthen the RRBs to emerge as strong financial institutions for meeting the financial needs of the rural population. In the wake of the announcement in the Union Budget 2007-08, 27RRBs which had negative networth as on 31 March 2007 have been recapitalized.  conducive policy environment has been created for expanding the branch network of RRBs.  The branch licencingnorms have been made flexible.  RRBs have responded to these measures and have opened 716 branches during the last 02 years.

For further improving the financial health of RRBs, the Government of India started the process of structural consolidation of RRBs by amalgamating RRBs sponsored by the same Sponsor Banks within the State.  The process of amalgamation is almost complete.  As on date, there are 82 RRBs (46 amalgamated and 36 stand alone) with a branch network of 15,475 branches covering 619 districts, 26 States and 01 Union Territory (Puducherry).

RRBs are expected to play a vital role in promoting financial inclusion in the country.  To achieve this objective, RRBs are being supported out of the Financial Inclusion Fund and Financial Inclusion Technology Fund set up in NABARD.  NABARD had launched a pilot project for facilitating Financial Inclusion with ICT in 15 RRBs.  The pilot project is expected to cover 150 villages in 30 districts of 14 States.  All RRBs need to draw up individual plans for financial inclusion in their areas of operation at the earliest and also adopt the BC / BF model.

I am happy to note that RRBs have shown improved performance in many areas.  The total loan outstanding of RRBs as on 31 March 2010 was Rs.83,562 crore whereas the deposits amounted to Rs.1,42,814 crore.  The ground level credit flow ofRRBs has improved from Rs.43,367 crore to Rs.56,268 crore thereby recording an appreciable growth rate of about 30%.  A significant part of their performance is substantial lending to the priority sector.  RRBs are mandated to lend 60% of their loans to the priority sector.  During the last three years, RRBs have not only achieved the target fixed for the purpose but have maintained priority sector loans above 80%.  I am also happy to note that RRBs have maintained their focus on agriculture as over 61% of the priority sector loans are for agriculture sector.  The RRBs have also improved the health of their credit portfolio as the net NPA has now reduced to 1.62%.  Only three RRBs are now making losses.

There is no doubt that the enabling environment created by Government of India, RBI and NABARD has helped the RRBs in improving their performance.  Still, there are many areas of concern.  30 RRBs had accumulated losses to the tune of Rs.1,808crore.  All weak RRBs need to chalk out a time bound action plan to wipe out the accumulated losses and simultaneously achieve all the prudential norms.

In the last review meeting held in August 2009, I had expressed concern that a very large number of RRBs continued to have low CRAR.  It was also observed during the review that some of the RRBs presently having reasonable CRAR would also be not able to maintain it on account of certain expenditure they might have to incur in the coming years for payment of enhanced wages and installation of CBS.  To address this situation, a Committee was set up under the Chairmanship of Dr. K C Chakravarty, Deputy Governor, RBI to analyse the financials of RRBs and suggest measures so that each RRB has atleast 9% CRAR by 2012.  The Committee has already submitted their report. The report is now under examination in consultation with NABARD and RBI.  I am sure the implementation of the feasible recommendations of the Committee would help the  RRBs to emerge as stronger financial institutions.

It is imperative that all RRBs embrace the latest technology for providing services to their customers.  I have been constantly laying emphasis that all RRBs in a time bound matter should have all their branches under Core Banking Solution.  I understand that 21 RRBshave now covered their entire bank branch network under CBS.  10 more RRBs are on the way to achieve full coverage of their branches under CBS.  However, it is a matter of concern that CBS is yet to take roots in 51 RRBs.  I would urge upon all the RRBs and their sponsor banks to attach utmost priority to CBS and in today’s meeting a time bound programme should be fixed for CBS implementation for each of the RRBs.

The sponsor banks also need to closely monitor the performance of their sponsored RRBs and provide timely guidance to them wherever necessary.  It has been brought to my notice that some of the sponsor banks have withdrawn the Chairmen of RRBsbefore the completion of their tenure.  Though the premature withdrawal must be for valid reasons, this could affect the performance of the RRBs in an adverse way, besides impacting the morale of the staff of RRBs.  I suggest that the sponsor banks take all precautions at the time of selection of Officers for the post of Chairman of RRB so as to ensure that they continue to guide theRRBs  for a period of at least three years. 

I understand that of the 46 amalgamated RRBs, 39 are now scheduled by Reserve Bank of India.  In case of 7 other RRBs, NABARD is required to undertake their inspection with reference to their annual accounts as on 31 March 2010.  I would impress that this process of scheduling the remaining banks should be completed at the earliest.

I have noted that RRBs (officers and employees) Service Regulations 2010 have since been issued by GOI and the process has been initiated by the RRBs for adoption of these regulations. The new Appointment and Promotion (officers and employees) Rules have already been issued on 13.7.2010 for publication in the Gazette of India. These measures should help in improving productivity and business of the RRBs.

Keeping in view the expectations from the RRBs, the training and capacity building of RRB Officers and Staff need to be given utmost priority.  A Committee set up for the purpose has identified a number of areas for capacity building of RRBs.  All the RRBs should prepare a comprehensive plan for meeting the training needs of its staff members.  A mechanism should be created for  providingfunding support to RRBs for conducting these training programmeduly involving NABARD, sponsor banks and the RRB itself.

In the light of the ninth bipartite settlement between the Indian Banks Association representing the managements of the Public Sector Banks and the United Forum of Bank Union representing the associations/unions of all PSBs, the wage revision of the pay and allowances of the RRBs has also been taken up. The additional cost burden of the arrears is likely to be Rs 791 crores ,which will bring down the total profits of the RRBs from Rs 2374crores , as on 31st March, 2010 to Rs 1615 crores , adjusting for the additional cost burden of arrears on the RRBs. This is likely to lead to more RRBs going into losses against only three loss making RRBsat present. Yet the Government is committed towards fulfilling its obligation of giving equal pay scales corresponding  to those of nationalized banks to the RRB employees.  I am happy to announce that we are fulfilling the Government commitment of giving  equalpay scales corresponding  to those of nationalized banks  to the RRB employees, as per Ninth Bipartite Settlement.

I look forward to our deliberations today and am sure that the gathering will have fruitful discussions and come out with pragmatic and innovative suggestions for further improving the performance ofRRBs.”

Source : PIB Press Release



As per the Notification issued by the Government of India, the implementation will take place as under:-
a)     Pay Scales and Dearness Allowance:- Pay scales and Dearness Allowances of RRB employees as on 01.11.2007 would be equal to the corresponding categories of employees of the nationalised commercial banks.  Pay for the purpose of DA, HRA and Superannuation benefits shall mean basic pay, stagnation increments, special pay, graduation pay, professional qualification pay and officiating pay, if any.
b)     House Rent Allowance (HRA) and City Compensatory Allowance (CCA): HRA and CCA would be payable at the same rate as applicable to the corresponding categories of employees in the nationalised commercial banks w.e.f. 01.11.2007.
c)      The sponsor bank shall negotiate the ‘other allowances’ with RRBs sponsored by them.
d)     The payment of revised salary and the arrears thereof may be made accordingly.
e)     The RRBs may issue a comprehensive order indicating the revised pay scale in respect of each category of employees after seeking the approval of their Board of Directors.

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