Tuesday, July 31, 2012

AICPIN for June'12 released, Central and Bank D.A. to increase as expected

All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of June, 2012 increased by 2 points and stood at 208 (two hundred eight).
7% increase in D.A. for central staff, 40 slabs hike for Bankers.

Income Tax Return : Due Date extended

Due to power failure and disturbance of normalcy for this in a large portion of the country, the due date has been extended to 31st August 2012 for the A.Y. 2012-13.

Monday, July 30, 2012

Bank and Central D.A. may be known exactly tomorrow

The labour bureau is going to announce AICPIN data for June 2012 tomorrow. This figure is necessary to arrive at the exact Dearness Allowance increase for Bank and Central Govt. employees. The state Govt.s also follow the central D.A. pattern.. It was already predicted a rise of 7% D.A. for central staff w.e.f 1st July 2012 by this blog.
The bankers may also expect a hefty hike of nearly 40 slabs for Aug/Sep/October 2012.
So be with us to know the exact increase.

Punjab changes office time, starts early, ends early

Chandigarh, Jul 30 (PTI) Facing acute power shortage, the Punjab government today changed timings of its offices from August one.
The changed timings, however, would not be applicable to government offices located in Chandigarh, an official spokesman said here.
Timings of all offices of the Corporation and the Board had also been changed, he said.
The new timings would be from 8 a.m. to 2 p.m.

Saturday, July 28, 2012

Employees' Provident Fund (EPF) interest hiked to 8.8%

Consequent on revision of interest rate for subscription/deposits in General Provident Fund from 8.6% to 8.8% with effect from 01.04.2012, Employees Provident Fund Organization has also revised the interest rate of staff Provident fund to 8.8% with effect from 01.04.2012.

Wish to e_file your Income Tax Return ?

The due date of filing Income Tax return is approaching rapidly. To avoid the long queue in the I.T. offices , one can easily file his return of income from the comfort of his home. Just visit the efiling site of Income Tax Dept. and file the return in a few minutes. The easy steps are jotted down for ready reference.

Talk with IBA did not deliver result, Banks going on strike on 22 and 23rd August


Talks with IBA regarding various issues took place on 24.07.12 but the IBA failed to provide any commitment, they only insisted about pursuing the Govt. As a result the Unions decided to go with their planned agitation and strike programme. If nothing positive comes out within next 10 days, they will go into warpath again and observe strike on 22nd and 23rd August to press their demands.
Following is the circular published in the ABOC site reproduced here for your perusal.

Friday, July 27, 2012

NPS performed better that GPF in the last year

The three NPS managers handling the pension funds of Central and state government employees have delivered average returns of 9.33% in the past one year, outperforming the state-run government provident fund (GPF), employees provident fund (EPF) and the public provident fund (PPF). The three-year annualised returns are also quite decent at 8.47%, though not as spectacular as in the past one year.

Thursday, July 26, 2012

Central employees to go on strike

 Central government employees and workers today threatened to observe a daylong strike on December 12 if their charter of demands such as setting up of the seventh pay commission is not addressed "expeditiously".

Tuesday, July 24, 2012

Central offices at North/South Block in Delhi to be closed in first half tomorrow

Govt. offices in and around North Block /South Block (Rastrapati Bhawan, Parliament House, Rail Bhawan, Krishi Bhawan, Udyog Bhawan would remain closed for the first half of 25.07.2012 in connection with the swearing in ceremony of the President and traffic restrictions.
View the Order

Central employees demand seventh pay commission, march to parliament on 26th July

The Confederation of Central Government Employees will take out a march to Parliament on July 26, demanding constitution of the Seventh Pay Commission and dismantling of the new pension scheme.

Monday, July 23, 2012

KVS issued order for stepping up or pay to seniors

In the issue of Stepping up of pay of the promotee senior with direct recruited junior appointed on or after 01.01.2006, Kendriya Vidyalaya Sangathan has clarified that stepping up the basic pay.
View the order dated 20.07.2012

Sunday, July 22, 2012

Armymen likely to get bonanza on 15th August

Following article has been published in NDTV blog. The link is provided at the bottom. Full article may be read at the respective site with just a click to the link.
 Will the Prime Minister bite the bullet and grant a long-standing and just demand of 21 lakh ex-servicemen to implement the principle of One-Rank-One-Pension?

Friday, July 20, 2012

Income under 5 lacs from salary ? No need to file return


Exemption of Salaried Employees from Requirement of Filing of Returns for Assessment Year 2012-13
Central Board of Direct Taxes (CBDT) vide its Notification No. 9/2012 dated 17th February, 2012 has exempted salaried employees from the requirement of filing the returns for assessment year 2012-13. The exemption is applicable only if all the following conditions are fulfilled:-

• Employee has earned only salary income and income from savings bank account and the annual interest earned from savings bank account is less than Rs. 10 thousand. 

• The total Income of the employee does not exceed Rs. 5 Lakh (Total Income means Gross Total Income Less deductions under Chapter VIA).

Thursday, July 19, 2012

Cabinet approved college and university teachers' arrear payment

Release of arrears to teachers: govt nod to proposal
The government today approved a proposal paving the way for release of arrears due to teachers of state-run colleges and universities following implementation of the Sixth Pay commission.
The Union Cabinet gave its approval to de-link release of assistance to state governments from the retirement age, as this condition was coming in the way from release of arrears to the states.

Source : PTI
View the PIB Press Release

Centre likely to clear pay commission arrears to college and university teachers

New Delhi, July 18 (PTI) The government is likely to consider tomorrow a proposal to clear its share of arrears due to teachers of state-run colleges and universities following implementation of the Sixth Pay commission. The arrears is likely to be paid in three instalments benefiting close to four lakh teachers, sources said.

Himachal announces 4-9-14 time scale, Issued order

Shimla, Jul 18 (PTI) Ahead of assembly polls this year, Himachal Pradesh chief minister Prem Kumar Dhumal today announced a number of benefits for the government employees including accepting their major demand on grant of time scales.
Update : View the Order Dated 9th August 2012

Wednesday, July 18, 2012

Proposed Bank strike deferred

UFBU defer two day's bank strike on 25th and 26th July 2012.

UFBU to submit Charter of Demands to IBA for 10th BPS by the end of August 2012

As we are aware the present wage settlement of Bank workmen Staff /Officers  will come to an end  by 31st  October2012 and revision of wages is due from 1st November, 2012.
The process of 10th Bipartite settlement has  been  commenced and few constituents of UFBU have already  prepared Draft Charter of Demands for 10th BPS.  BEFI has released the draft recently which has been already published.

Tuesday, July 17, 2012

Punjab hikes 12% D.A. from January 1, 2012

The Punjab government today announced raising Dearness Allowance (DA) for state government employees and pensioners by 12 per cent with effect from January 1, 2012.

Brief outcome of anomaly committee meeting on 17.07.12

  • Following are the highlights of the meeting held today (17/07/12). Detailed minutes will be published as and when available with us.
  • Promotee in same grade pay will get one extra increment.

Sunday, July 15, 2012

Next anomaly committee meeting on 17th July 2012

Meeting of the National Anomaly Committee - 17th July, 2012 at 3.00 PM

The 4th meeting of the National Anomaly Committee which was held on 5th January, 2012. All the Agenda Items placed before it could not be discussed and the meeting had to be adjourned. This meeting will now be held in Committee Room No.119, North Block, New Delhi on 17th July, 2012 at 3.00 PM.
Agenda Notes for the meeting will remain the same as were circulated earlier vide this Ministry's OM of even number dated 16th December, 2011.

Friday, July 13, 2012

Govt. forms committee to look into defence pay and pension issues

Govt constitutes Committee to look into pay and pension related issues of defence services personnel and ex-servicemen 
Among other issues, "One rank one pension" is also to be considered
The committee to submit report within 8th August 2012

Thursday, July 12, 2012

Central Public Enterprises hikes IDA, Order issued

View BSNL IDA Circular Dated 19.07.12
As expected and informed earlier the IDA for Central Public Sector Enterprises has been hiked by 4.8% and it reached 61.5% with effect from 1st July 2012. BSNL and other PSUs are likely to follow suit within a couple of days by issuing their own order.
View the DPE Order of IDA increase

Wednesday, July 11, 2012

Chhattisgarh announces 7% D.A.,at par with Central

The Chhattisgarh Government employees have the reason to cheer as Chief Minister Raman Singh has announced a fresh tranche of 7 per cent hike in Dearness Allowance (DA) at par with the Central employees on Tuesday.

Tuesday, July 10, 2012

UP govt employees get 7% hike in dearness allowance


 Uttar Pradesh chief minister Akhilesh Yadav gave green signal to increase the dearness allowance (DA) given to all state government employees, officials and teachers by 7%. At present, the state government employees and teachers are getting 61% DA which after the increase will be 68%.
According to the state government sources, the DA from January to July will be added to the Greneral Provident Fund, and from August, cash will be given. This means, employees, and teachers will get extra amount in their September salaray. However, the beneficiaries will be able to get increased DA only from January.

DNS Changer: Indian ISPs say all's fine

Click to Check Your PC
As the devastating malware DNS Changer became active yesterday to disrupt Internet services and computing devices globally, Indian Internet service providers (ISPs) are geared up to protect IT infrastructure, networks, devices and safeguard customers.

Thursday, July 5, 2012

Kendriya Vidyalayas Adopt New Uniform, View Photo

"The new uniform for Kendriya Vidyalaya Sangathan students was released, here today. The Kendriya Vidyalaya Sangathan caters to the educational needs of about 10.7 lakh boys and girls studying in various classes from classes I-XII across the country and abroad.

Sunday, July 1, 2012

Central D.A. is heading towards 7% again from 1st July'12

With the announcement of AICPIN number for the month of May'12 as 206 (increase of 1 point) by the Labour Dept., it is obvious that Central D.A. is going to be hiked @7% again with effect from 1st July 2012. There is still one months' (June'12) number is yet to be announced , which is needed for final calculation but in can be predicted that D.A. is going to be hiked by 7% taking it to a overall 72%.

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