Tuesday, May 30, 2017

Bihar issues order for pay commission benefit

The revised pay structure shall come into effect notionally from 1st January, 2016. However, the actual payments in the revised pay structure would arise with effect from 1st April, 2017. The revised pay structure will apply to all State government employees who were in service on 1st,January, 2016 and to all new appointments made on or after the said date.
Dearness Allowance shall be payable at the rate of 4% as on 01.04.2 017; and  All other allowances shall continue to be payable at the same levels as before the pay revision. 
Click here for the Pay Revision Order
Click here for the option form
Click here for the statement of fixation

Wednesday, May 24, 2017

Shiv Gopal Mishra's latest scoop ! - Believe it or not !!

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Monday, May 22, 2017

Central employees to get revised allowances soon

It is reported from sources that the revised allowances to be presented before cabinet for it's approval likely soon, probably by next week. Cabinet may approve it on Wednesday, the 31st. (If not earlier, of course !)
It is also reported that "Allowance Committee" did not suggest any major change in seventh CPC recommendation. It is going to be retained as 24%, 16% and 8% of new basic pay. Only minor changes, details of which are not available with the sources may be effected in the order.
Regarding date of effect, it is most likely that allowances will be revised with retrospective effect from 01.07.2016.
So, let's keep finger crossed !

Thursday, May 18, 2017

Central government employees must wait another week for update on 7th Pay Commission

Central government employees will have to wait for yet another week to receive any update on the revised allowance structure as recommended by the 7th Central Pay Commission. The Empowered Committee of Secretaries (E-CoS) is expected to convene next week to ponder on the recommendations before being presented before the Union Cabinet for their nod.

Wednesday, May 17, 2017

Bihar Pay commission: cabinet nod for new pay scale for govt employees from 1April

The Bihar cabinet on Tuesday gave its nod to revised pay scales for its employees, pensioners and contractual government school teachers with effect from 1 April 2017.
The decision to grant the revised pay scale and pension will benefit around 3.65 lakh state government employees, 6 lakh pensioners and 3.6 lakh contractual government school teachers of the state, Cabinet Secretariat Department Principal Secretary Brajesh Mehrotra told reporters in Patna.
The state cabinet gave its nod in view of the recommendations of the Bihar State Pay Commission set up under the chairmanship of former Bihar chief secretary G.S Kang, which submitted its report to chief minister Nitish Kumar on Monday.
Giving details, principal secretary to the Finance Department Ravi Mittal said the cabinet decided that employees and pensioners would get notional benefit from 1 January 2016 while the financial benefit will accrue to them with effect from 1 April 2017.

Tuesday, May 16, 2017

Bihar Pay Commission submits report, Nitish govt likely to hike employees’ salaries by 14%

Around 4.5 lakh Bihar government's employees and 3.5 lakh pensioners are likely to get 14 percent hike in salaries after implementation of Bihar state Pay Commission report.
The Bihar Pay Commission headed by former state Chief Secretary G S Kang on Monday submitted its report to Chief Minister Nitish Kumar.
The state Pay Commission has recommended a 14 percent hike in salary for state government employees and pensioners on the lines of the 7th CPC recommendations for the central government employees and pensioners.

Major announcement on basic pay, HRA, arrears likely today

The representatives of the central government employees are expected to meet the Finance Ministry officials to seek update on higher allowances under the 7th Pay Commission. At the meeting, the union leaders are likely to raise the issue of house rent allowance (HRA) and arrears on higher allowances under the 7th Pay Commission. It is believed some major announcement would be made on basic pay, HRA and arrears on allowances under the 7th Pay Commission. The delegation of the union leaders are also expected to discuss hike in basic pay under the 7th Pay Commission.

Monday, May 15, 2017

Link Aadhar with PAN

With effect from 1st July 2017, PAN must be linked with Aadhar No. to file the return of income unless the taxpayer is
  (i) residing in the States of Assam, Jammu and Kashmir and Meghalaya;
 (ii) a non-resident as per the Income-tax Act, 1961;
 (iii) of the age of eighty years or more at any time during the previous year; 
 (iv) not a citizen of India
These persons if not possess the Aadhaar number or the Enrolment ID are exempted from the ambit of section 139AA.
Click here to link your Aadhar No. with PAN. It is simple and does not require any registration of log in in efiling website.

Thursday, May 4, 2017

Cabinet approves modification in pension for Central pensioners / family pensioners

The actual quantum of hike or the revised calculation procedure has not been made public yet. We have to wait for issuance of proper O.M. in this regard.
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved important proposals relating to modifications in the 7th CPC (Central Pay Commission) recommendations on pay and pensionary benefits in the course of their implementation. Earlier, in June, 2016, the Cabinet had approved implementation of the recommendations with an additional financial outgo of Rs 84,933 crore for 2016-17 (including arrears for 2 months of 2015-16).

Tuesday, May 2, 2017

IBA invites bank unions for wage revision talks

The Indian Banks' Association ( IBA) has invited the bank unions for initiating the negotiations for the next wage settlement in the banking industry.
Talks between IBA and the bank unions under the banner of United Forum of Bank Unions (UFBU) are to be held at Mumbai on May 2, according to C H Venkatachalam, General Secretary of the All India Bank Employees Association (AIBEA).

Bank D.A. reduced by 13 slabs for May - July 2017

D.A. for Bank employees going to be decreased by 13 slabs compared to last quarter.The rate of dearness allowance payable to officers and workmen for the month of May, June and July 2017 will be 45.60% of pay.
Click here for IBA circular
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