Saturday, May 30, 2015

'Government Committed to One Rank One Pension,' : Prime Minister

In a tweet this morning, the PM said, "On OROP- the Govt is committed to OROP & there's no doubt about it."
Image result for indian army salute

Prime Minister Narendra Modi today said that his government is committed to the long-awaited One Rank One Pension for ex-servicemen.

Obtaining passport for Govt. employees made easier

Image result for indian passportTo streamline and check the undue delay in getting passports to the government employees, the Ministry of External Affairs has relaxed provisions for issue of passport and asked the government employees to attach the copy of prior intimation letter submitted by the government employees to their controlling authority before applied for passport.

Central employees to get higher HRA and Tr. Allowance in some cities

Revision of the classification/upgradation certain cities/towns on the basis of Census-2011 for the purpose of grant of House Rent Allowance and Transport Allowance to Central Government employees 
The revised classification of cities shall take effect from 01.04.2014. The impact on the exchequer on account of upgradation of 29 cities, would be approx. Rs.128 crore for the year 2014-15.
Cities/towns to be upgraded on the basis of census-2011 for grant of House Rent Allowance
Cities to be upgraded/re-classified as "X"
Pune (UA)

Friday, May 29, 2015

Consumer Price Index for Industrial Workers (CPI-IW) – April, 2015

The All-India CPI-IW for April, 2015 increased by 2 points and pegged at 256 (two hundred and fifty six).
Source : Labour Bureau

Wednesday, May 27, 2015

Bank Bipartite : Cheer for serving employees but nothing for retirees

Image result for poor old man cartoon

The recently signed wage negotiation for bankers might have brought some good news for officers and workmen but there is practically nothing for the retired bank employees to rejoice.
None of their issues has been addressed in the recently concluded wage pact. IBA maintained it's stand as " any demand of the retirees can be examined only as a welfare measure as contractual relationship does not exist between banks and retirees." 
IBA also stated that "As such there is no provision for updation of pension in banks." The joint note signed by IBA and UFBU also mentions that Bank pension can not be compared with central pension as it is a funded scheme while the other is out of budgetary allocation.
Click here to view the "Record Note" signed between IBA and UFBU

Monday, May 25, 2015

Bank Bipartite signed. Download Joint Note on 10th Bipartite Settlement

10th Wage Agreement Indian Banks Association inked wage settlement with Employee Unions and Officers’ Associations today, 25th May, 2015. The settlement gives 15% increase in salary and Allowances to about 10 lakh bank employees. Employees and officers from 43 banks including public sector banks, old private sector banks and some of the foreign banks benefit from the wage revision. The current wage revision is effective from 1st November 2012 and will be valid for 5 years. In all 11 All India Employees Unions and Officers’ Associations participated in the wage revision exercise. The scale pay of Officers has been revised from Rs.14500 – Rs.52000 to Rs.23700 – Rs.85000. (Special allowance for officers ranging from 7.75% to 11% of basic pay along with applicable Dearness allowance has also been introduced) The scale pay of Workmen – non-subordinate has been revised from Rs.7200–Rs.19300 to Rs.11765–Rs.31540, also the scale pay of Subordinate staff has been revised from Rs.5850–Rs.11350 to Rs.9560–Rs.18545. (Special allowance for workmen @7.75% of basic pay along with applicable Dearness allowance has also been introduced) Another important feature of the settlement is that a medical insurance scheme is being introduced for families of employees. The 15% wage revision would cost the Public Sector banks Rs.4725 crores as incremental Salary and allowances in a year. Banks have been making provision for wage revision from November 2012. Mr. T M Bhasin, Chairman, IBA and Mr. Rajiv Rishi, Chairman, Negotiating Committee of IBA led the Management team in the negotiations. IBA expects banks will implement the revision immediately. IBA expects the salary revision to improve the moral of the bank employees, leading to better productivity
Source : IBA Press Statement
Click here to download and view the Joint Note on 10th Bipartite Settlement between Bank Unions (Workmen) and IBA

Click here to download and view the Joint Note on 10th Bipartite Settlement between Bank Unions (Officers) and IBA

One-rank, one-pension may be announced today

Update : The much awaited announcement did not find place in PM's address at Mathura this evening. The ex servicemen will have to wait a bit more for the announcement.
Earlier News :
The government is finally set to announce the implementation of the one-rank, one-pension (OROP) mechanism with a corpus of about Rs 8,300 crore for over 25 lakh ex-servicemen, who have been demanding it for long but are yet to get it despite years of protest.

Government sources on Sunday said OROP is likely to be announced during Prime Minister Narendra Modi's rally in Mathura on Monday to mark the first anniversary of the NDA government. 

Saturday, May 23, 2015

Bankers may calculate their new salary from this tool and latest media report

Mr R Joshi, one of our viewers sent an excell sheet for calculation of new pay for Bank Clerk, Officers and Substaffs in respect of finalized scales consequent to Xth Bipartite Settlement (Scheduled to be signed on 25th May 2015).
Mr Joshi may be reached at  for any further queries in this regard.
We convey our sincere gratitude to Mr Joshi for sending this calculation for benefit of the bankers.
Click here to download the utility. 
Media Report on bank pay hike.

Thursday, May 21, 2015

Bank Xth Bipartite : Joint note to be signed on 25/05/2015. Detailed scale for Clerk/Substaff

Joint note between IBA and Unions to be signed on 25/05/2015 in Mumbai. Scale for all cadre of employees have been finalized and agreed upon by both parties. Hereunder we provide highlights of pay and other benefits for officers, clerks and substaffs.

Initial Pay for Bank Clerks has been calculated for Graduate Clerks. Otherwise the initial pay is Rs 11,765.
Click here for details of pay and other facilities for clerks and substaffs from PNB Union site.

Wednesday, May 20, 2015

Bank Xth Bipartite : Scales finalized. RBI cleared holiday for 2nd & 4th Saturdays

Distribution Chart for 10th Bi-Partite Settlement Finalised:
Revised Scale for Clerk and Substaff (Likely)
Scales: Substaff- 9560 to 18545 + 8 Stagnation Increments (each after 2 years)
              Clerical- 11765 to 31540 + 8th Stagnation Increments (1st to 5th- each after 3 years, 6th to 8th- each after 2 years)
              8th Stagnation Increment w.e.f . 01.05.2015

Bihar hikes D.A. for employees, pensioners

The Nitish Kumar government in Bihar on Tuesday announced a pre-election sop for government employees and pensioners by hiking Dearness Allowance by six to 11 per cent.
A decision to this effect was taken at a meeting of the state Cabinet presided over by Chief Minister Nitish Kumar.
Briefing on the cabinet decisions, Principal Secretary, Cabinet Coordination, Shishir Sinha told reporters the DA has been increased from 107 per cent to 113 per cent for revised salary category for employees.

Tuesday, May 19, 2015

Frequently asked question on home town LTC

Government employees whose headquarters or place of posting and home town are one and the same are not eligible for home town LTC,” it said.
Besides, these employees cannot convert home town LTC to avail special concession scheme to travel to North East region, Jammu and Kashmir, and Andaman and Nicobar Islands, the Department of Personnel and Training (DoPT) said in its Office Memorandum No.31011 /4/2007-Estt.(A-IV)dated May 18.
Click here for the FAQs published by DOPT dated 18.05.2015

Monday, May 18, 2015

Defence Ministry cleared One Rank One Pension

 The much-awaited "one rank, one pension" (OROP) for the armed forces is likely to be cleared in a few days, defence minister Manohar Parrikar said in Goa on Saturday. 

"OROP proposal is in final stage. The defence ministry has approved it and the finance ministry will clear it in a few days," he added. 

Sunday, May 17, 2015

Different all India services seek parity from seventh CPC

Various service associations of All India Services and allied services have represented to the 7th Pay Commission seeking pay parity with IAS officers and adequate representation in central government's policy making positions.
Officers associations of Indian Police Service (IPS), Indian Revenue Service (IRS), Indian Audit and Accounts Service (IA&AS) and Indian Forest Service (IFoS) have made detailed presentations to the Pay Commission about their grievances and suggestions for the future.
Though made separately, the associations' presentations unanimously voiced their demand for ensuring pay parity with IAS officers and a share in Joint Secretary-level posts at the Centre.

View complete details in PTI site.

Bengal employees may be blessed with D.A. soon

As per Govt. sources and media reports, West Bengal Govt. is seriously exploring the possibility for payment of at least a portion of arrears of D.A. to state employees.
With the recent hike of central D.A. from January 2015, the state employees are lagging behind to  the tune of 48% in comparison to their central counterparts. The Govt. is considering to pay at least some portion to reduce the frustration of their employees. The amount which may be released soon may not entirely be paid in cash but a fraction may be deposited in the P.F. with a mandatory lock in period of three years.
The state Govt. which is scheduled to go for assembly election within a year, likely to be desperate to win the heart of the employees.
Click here for local media report (Ei Samay) (Bengali) 

Wednesday, May 13, 2015

Bank Bipartite likely to be signed on 22nd May

Some inside information about revised wage of officers
It is learnt from various sources that details of wage revision has already been finalized and the bipartite agreement may be inked on 22nd May 2015.
We have been able to gather some information about the revised wage of bank officers. Though we do not have any particular details about workmen but it can be assumed that it will be in the same line as of the bank officers. 

Monday, May 11, 2015

Govt launches 2 insurance schemes under social security mission


Central Govt. has launched above two insurance schemes for everybody who holds a bank account. These two schemes - one Term Insurance Policy and other Accidental Death Policy are introduced under minimum premium payout and without any hassle of filling long forms, health check up or paperwork. These policies can be bought by visiting bank branch and signing a simple consent form or online also through netbanking option of the bank where the savings account is.
Salient features of the schemes.

Assam hikes D.A. at par with Central Govt.

The Assam government today increased the dearness allowances for its employees and pensioners by six percentage points with effect from January 1 this year. 

According to an official release, the beneficiaries' DA will go up to 113 per cent from 107 per cent earlier.

Monday, May 4, 2015

Likely central D.A. from July'15

As far as DA from July 2015 is concerned we have CPI (IW) for 9 months out of 12 months.
Dec- 2014253
Apr-2015Yet to be Announced
May-2015Yet to be Announced
Jun-2015Yet to be Announced

Bank D.A. for May, June July 2015 : IBA circular

As expected, IBA issued circular enhancing the D.A. payable for Bank employees for the month of May, June and July 2015. Nominal increase of 4 slabs over the current level is hiked and the total D. A. stands 738 slabs after the recent hike.
Click here for the IBA circular
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