Bank D.A. for May/June/July 2014 : Decrease of 16 slabs

BANK WORKMEN/OFFICERS DA FOR MAY – JULY  QTR  MAY DECLINE BY16 SLABS)

  AICPIN(IW)Base year 2001=100 for the month of March’14,has been released by Ministry of Labour and Employment today which stood at239 points with an increase of 1 point while compared to figure of February. 

Consumer Price Index Numbers for Industrial Workers (CPI-IW)- March 2014

According to a press release issued by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for March, 2014 increased by 1 points and pegged at 239 (two hundred and thirty nine).
View the Press Release

Clarification on increase in certain allowances by further 25% as a result of enhancement of Dearness Allowances w.e.f. 1.1.2014

"a) The annual ceiling Unlit for reimbursement of Children Education Allowance shall be Rs. 18,000/- per child. Accordingly, the quarterly claim could be more than Rs.4500/- in one quarter. The Hostel Subsidy shall be Rs.4500/- per month per child;

b) The rates of Special Allowance for Child Care to women with disabilities stands revised to Rs. 1500/- per month; and

c) The annual ceiling for reimbursement of Children Education Allowance for disabled children of Government employees shall be treated as revised to Rs.36,000/- per annum per child and the rates of Hostel Subsidy for disabled children of Government employees shall be treated as revised to Rs.9000/- per child per month.

3.These revisions are applicable with effect from 1stJanuary, 2014"

Click here for full clarification from DOPT Dated 28.04.2014

Election duty proved lethal in Bengal due to immense heat

"A West Bengal government official on poll duty died here today due to heat wave, taking the toll to three in the state with the mercury soaring to 41.2 degree Celsius, even as the Met department predicted thunder squalls in the next two days.
Election Commission's Micro Observer for Domkol in the Murshidabad Lok Sabha seat, Shailendra Kumar Sinha, died today after falling ill due to heat yesterday, EC sources said."
Source : NDTV
"GUWAHATI: Hot and humid weather conditions have taken a toll on the energy levels of poll officials in the city who are heading for their respective duty stations with Electronic Voting Machines (EVMs).
"I think the weather is taking away a lot of energy," Subhrajeet Das, a poll official, said as he waited at Sarosojai stadium to collect EVMs on Wednesday.
This year, the city is experiencing the highest temperature in the last decade and according to the met department there is a slim chance of rain in the next few days."
Source : Times of India

It is the question of many officials designated as polling personnel for the ongoing election that whether the poll can be scheduled in a favourable weather condition ? Almost all part of the country has good condition in September/October or March/April. Why not use this time for election ? It may benefit all - candidates, commission, polling personnel and voters. Unless it is seriously thought upon,  more and more polling personnel will be helpless victims as it is mandatory for them to carry on poll duty.
Click here for Handbook for Presiding Officer (Updated)

Customs and Central Excise Supdt.s to be Asst. Commissioner soon

As per reliable sources, As many as 143 Superintendents (Group-B) under Customs & Excise have been promoted to the rank of Assistant Commissioner, Custom & Excise. Reportedly, the file has been put up yesterday for placements.

BJP wants I.T exemption limit hike to 5 Lac

BJP leader Arun Jaitley today demanded a raise in the Income Tax ceiling from Rs two lakh to Rs five lakh, which he claimed will benefit thirty million people.

Advocating low tax structure, the BJP leader said,”Direct Tax should be reduced. If the Income Tax limit is raised from Rs 2 lakhs to Rs 5  lakhs, 3 crore people will save Rs 24 crore which will lead to a small impact of 1 to 1.5 per cent of National Tax Fund.”
Source : PTI

Likely pay scale of seventh CPC

 If next pay commission prefer to continue the same running pay band and grade pay system for seventh pay commission also, the pay structure may be like the following projected figures given below, using common multiplying factor ‘3’. The Following is only the projected figure using common multiplying factor ‘3’

7th Pay Commission Projected Pay Scale

SIXTH CPC PAY STRUCTURE				PROJECTED  PAY STRUCTURE  AFTER  7th PAY COMMISSION
Name of Pay Band/ Scale	Corresponding Pay Bands	Corresponding Grade Pay	Entry Grade +band pay	Projected entry level pay using uniform multiplying factor` 3’
				Band Pay	Grade Pay		Entry Pay
PB-1	5200-20200	1800	7000	15600-60600		5400	21000
PB-1	5200-20200	1900	7730	15600-60600		5700	23190
PB-1	5200-20200	2000	8460	15600-60600		6000	25380
PB-1	5200-20200	2400	9910	15600-60600		7200	29730
PB-1	5200-20200	2800	11360	15600-60600		8400	34080
PB-2	9300-34800	4200	13500	29900-104400		12600	40500
PB-2	9300-34800	4600	17140	29900-104400		13800	51420
PB-2	9300-34800	4800	18150	29900-104400		14400	54450
PB-3	15600-39100	5400	21000	29900-104400		16200	63000
PB-3	15600-39100	6600	25530	46800-117300		19800	76590
PB-3	15600-39100	7600	29500	46800-117300		22800	88500
PB-4	37400-67000	8700	46100	112200-20100		26100	138300
PB-4	37400-67000	8900	49100	112200-20100		26700	147300
PB-4	37400-67000	10000	53000	112200-20100		30000	159000
HAG	67000- (ann increment @ 3%) -79000	Nil					201000
HAG+ Scale	75500- (ann increment @ 3%) -80000	Nil					226500
Apex Scale	80000 (Fixed)	Nil					240000
Cab. Sec.	90000 (Fixed)	Nil					270000

 This projection is available in http://www.irtsa.net/

Click here for full details in the relevant website

Karnataka enhanced 6% D.A.

Karnataka Govt. enhanced Dearness Allowance from existing 15% to 21% with effect from 1st January 2014 to state employees and pensioners. The increase in Dearness Allowance admissible under this order is payable in cash.
View the Govt. Order

Central D.A. from 1st July 2014 will not be very attractive

Though it is too early to calculate D.A. w.e.f. 01.07.2014 as three months' (Apr to Jun'14) figures are yet to be published, but based on the current trend of AICPIN index it can certainly be predicted that D.A. may not bring same cheer to central employees and pensioners in the near future.
If we assume a two points increase in every month for the next three, another 7% D.A. will be there. Of course, it is a very optimistic guess.
If we assume a moderate one point increase in every month for the next three, 6% increase is possible.
And for the pessimistic guess of no increase in the AICPIN data for the coming three months, only 5% increase will be there.
Let's not go into the calculation of any decrease in the coming months !
So it is predicted a 5 to 7% increase in D.A. with effect from 01.07.2014.

Bank D.A. likely to decrease from May 2014

PROJECTED D.A. FROM MAY, 2014

The AICPI-IW (1960=100) for January, 2014 was 237 and for February, 2014, the index stood at 238.

As per the present trend in retail inflation, the index may remain unchanged at 238 for March, 2014 too. If it happens, the D.A. will fall to 97.05%, from the existing level of 99.90%.

Even if the index records a modest rise of 1 point and touches 239 for March, 2014, yet there will be a downfall and the revised D.A. will be only 97.35%. 

The exact amount of D.A. for May'14  to July'14 will be known only 30.04.2014, when labour bureau will publish the AICPI-IW data for March 2014. 

Bank holiday on 14th April 2014

Declaration of Holiday for all banks in India on 14th April 2014

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/H6/2014-15/9223

April 9, 2014

All Members of the Association
(Designated Officers)

Dear Sirs,
Holiday on Monday, 14th April 2014 throughout India on account of Birthday of Dr. B R Ambedkar under Negotiable Instruments Act, 1881.

The Ministry of Personnel Public Grievances & Pensions (Department of Personnel & Training), Government of India vide O.M. F.No.12/4/2014-JCA-2 (copy enclosed) has declared Monday, 14th April 2014 as a holiday under the Negotiable Instruments Act, 1881 on account of the birthday of Dr. B R Ambedkar.

Banks may kindly take note of the same.

Yours faithfully,
sd/-
Chauhan
Senior Advisor-HR&IR

View IBA Order dated 09.04.2014