Friday, October 25, 2019

Consolidated guideline on MACP for central staff

"The Seventh Central Pay Commission in Para 5.1.44 of its report, recommended that Modified Assured Career Progression Scheme (MACPS) will continue to be administered at 10, 20 and 30 years as before. In the new Pay matrix, the employees will move to the immediate next Level in the hierarchy. As per the recommendations, the Scheme will be available to all posts, including Group "A" posts, whether isolated or not. However, Organised Group "A" Services will not be covered under the Scheme. In other words, MACPS will continue to be applicable to all employees up to HAG level, except members of Organised Group 'A' Services....."
Click here to view the complete guideline

Bank Bipartite : IBA rejects 5 days' week, stick to 12% hike in salary

The Indian Banks’ Association (IBA) has formally declined a request from employee unions to keep bank branches open for five days a week, while also expressing inability to hike wages by more than its proposal of 12 per cent.
It has not agreed to the suggestion following views of some “important stakeholders”, according to a circular issued by the staff unions, under the umbrella of the United Forum of Bank Unions (UFBU). The unions have to agree to the IBA’s decision for it to be implemented.
The bank managements, represented by the IBA, have told the unions that a 12 per cent hike in wages will cost public sector banks (PSBs) more than Rs 6,300 crore annually.

Sunday, October 20, 2019

Karnataka hikes dearness allowance by 4.7%

Karnataka government on Saturday announced a 4.75 percent hike in dearness allowance (DA) for its employees, ahead of Diwali.
Chief Minister BS Yediyurappa has also announced an additional Rs 1,000 as hardship allowance for police personnel, along with a revision in their salaries.

DA hike increase from 6.50 to 11.25 percent

The hike announced for government employees would enhance their DA from the existing 6.50 percent to 11.25 percent of the basic pay, an order issued by the state Finance Department said.
The hike would come into retrospective effect from July 1, 2019, it said adding that it would be applicable to full-time government employees, Zilla Panchayat staff, employees of aided educational institutions and universities.
The order notes that the hike would also be applicable to pensioners.

Saturday, October 19, 2019

Rajasthan declares ad-hoc bonus for state employees

"The matter relating to grant of ad-hoc bonus for the financial year 2018-19 to State Government employees has been considered and the Governor is pleased to order that the State Government employees may be granted ad-hoc bonus equivalent to 30 days emoluments for the financial year 2018-19..."

"The amount of ad-hoc bonus payable to the eligible employees for the financial year 2018-19 will be computed on the basis of actual emoluments as on 31st March 2019 and for the purpose of calculation of ad-hoc bonus the maximum amount of emoluments will be restricted to Rs.7000/- per month."
Click here for the order

Bihar, Uttar Pradesh, Tamilnadu hike Dearness Allowance

Tamilnadu
The Tamil Nadu government on Thursday hiked the Dearness allowance (DA) for its employees by 5% with effect from July 1.
“The additional instalment of DA payable under these orders shall be paid in cash with effect from July 1,” a Government Order issued in this regard said.

Click here for the Order
The payment of DA arrears from July to September this year would be drawn and disbursed immediately by existing cashless mode of Electronic Clearance System (ECS).
Bihar
The Bihar government employees will have a Diwali gift this time in terms of enhanced dearness allowance ( DA) in their salary this month.
The government has already made preparations for implementing the enhanced dearness allowance and the proposal will be approved by the Cabinet in next few days.
The government has proposed raising the DA by 5% from existing 12%. This means, the revised DA will be 17 %.
Deputy chief minister Sushil Kumar Modi said the enhanced DA to all regular employees and pensioners would be given from July 1, 2019, the same date from which central government employees get hiked DA. The Union government had, earlier this month, announced a 5% in DA for all central government employees.
“The enhanced DA would be reflected in this month’s salary. Instructions have been given for preparing the salary under CFMS and disbursement will start from October 25. This time, salary payment will be made in advance in light of Diwali and Chhath festival,” he said.
Uttar Pradesh
The Yogi Adityanath government in Uttar Pradesh has brought Diwali cheer to lakh of state government employees and pensioners by increasing the Dearness Allowance to 17 per cent from existing 12 per cent. ​The moves comes on the basis of the recommendation made in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission,
The increased DA will be applicable effective July 1, 2019. The employees will get arrears as per increased DA in next month salary that is expected to be credited ahead of Diwali. The UP government has decided to credit the salary by October 25, it has been reported earlier. 

Wednesday, October 9, 2019

Cabinet approved Central D.A. @ 5%

The Dearness Allowance of government employees will be raised by five per cent, Union Minister Prakash Javadekar said today, calling it a "Diwali gift".

The decision was approved at a cabinet meeting this morning. The Dearness Allowance will be raised to 17 per cent, said the minister.
PIB Release :
The Union Cabinet Chaired by Prime Minister Narendra Modi today approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.07.2019 representing an increase of 5% over the existing rate of 12% of the Basic pay/Pension, to compensate for price rise.  This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission. 
The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs. 15909.35 crore per annum and Rs. 10606.20 crore in the financial year 2019-20 (for a period of 08 months from July, 2019 to February, 2020).  This will benefit about 49.93 lakh Central Government employees and 65.26 lakh pensioners.
The additional financial implication on account of this increase in Dearness Allowance is estimated at Rs 8590.20 Crore per year; and Rs 5726.80 Crore in the current Financial Year of 2019-20 (for 8 months from July 2019 to February 2020).
The additional financial implication on account of the Dearness Relief to pensioners is estimated to be Rs 7319.15 Crore per annum and Rs 4870 Crore in the current FY.

Dear Allowance/Dearness Relief is paid to Central Government employees/pensioners to adjust the cost of living and to protect their basic pay/pension from erosion in the real value. Dear Allowance/Dearness Relief is revised twice a year from 1st January and 1st July.

Sunday, October 6, 2019

PSU bank staff''s Diwali bonanza - part arrears before final settlement

It''s a Diwali bonanza for employees of public sector banks as their accounts are being credited with handsome part wage arrears even before a final agreement on their wage revision is reached between the employee unions and the management. And this is happening for the first time in India''s banking history.
Public sector bank employees have been waiting for a wage revision from November 2017.
"The employees can opt out or take the part arrear payments. If they take the part arrear, the amount credited will not be less than Rs 50,000 and may exceed Rs 100,000," an employee of a government bank told IANS preferring anonymity.
Despite about 30 rounds of talks between the United Forum for Bank Unions (UFBU) and the Indian Banks'' Association (IBA) since 2017, a wage agreement is not in sight.
"It is really interesting to see the speed at which the bank managements are working towards payment of the part wage arrears, while the wage revision talks are moving at a snail''s pace," he added.
On October 1, the IBA had written to all the heads of government banks and private banks, that are part of bipartite settlement, directing them to pay an ad hoc amount of the pending wage settlement equivalent to a month''s salary (Basic Pay + Dearness Allowance) and adjust it later when the final wage arrears are paid after the unions reach a settlement.

Saturday, October 5, 2019

Central employees to get 30 days' adhoc bonus

Central Govt. employees have reason to cheer in the festive season. Though any announcement of D.A. is yet to come, Centre declared 30 days' adhoc bonus.
As per the O.M dated 04.10.2019, all non gazetted central employees including para military personnel to get bonus amounting to Rs 6908/-.
Click here for the O.M. No.7/24/2007-E.III(A) dated 04.10.2019

Tuesday, October 1, 2019

Consumer Price Index for Industrial Workers- August 2019

The All India CPI (IW) for August 2019 increased by one point and pegged at 320.
Click here for Labour Bureau Press Note
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