J & K Arrears : Deadlock prevails, employees to go on strike from 6th Sep

Over four lakh state employees will proceed with the proposed three-day token strike from September 06 as talks between government and its workforce failed to end deadlock despite ‘amicable’ negotiations over release of pending Sixth Pay Commission arrears on Saturday.

CBEC cadre restructure proposal in advance stage, Official confirmation recd.

Member (P&V) CBEC has asked the Chief Commissioners of Central Excise and customs to get the ACR/APAR of the staff ready to enable them to hold DPC in short notice as the the cadre review proposal is in "advance stage of consideration" and also to send suggestion regarding field formation.
View the CBEC letter dated 29.08.2011

Hike for Bengal M.L.A and ministers, employees have to wait for D.A

It was a windfall for Bengal legislators on Friday. The new government, despite financial constraints, increased their daily allowances by Rs 250 for the days they attend the assembly sessions or the committee meetings. Under the new system, MLAs can earn up to Rs 32,000 (including their Rs 12,000 salary per month) - which means a hike of Rs 5,000 from what they got earlier.

J & K : Govt invites employee leaders for negotiations

To avoid confrontation state government has formally invited its employees for negotiations on Saturday over the demand of release of sixth pay commission arrears, enhancement of retirement age from 58 to 60 and regularization of adhoc employees, sources said.

New Pension Scheme : Panel recommends guaranteed return.

A parliamentary standing committee has favoured offering minimum guaranteed returns to subscribers of the New Pension System (NPS) and recommended a 26% foreign direct investment (FDI) cap in the pension sector through a legislative process. The parliamentary standing committee on finance which submitted its report on the Pension Fund Regulatory and Development Authority (PFRDA) Bill on Tuesday, said that "as any effective pension scheme needs to be underpinned by stability of returns and reasonable post retirement incomes, it is imperative that the government should provide for minimum guaranteed return and not the mere camouflage of market-based guarantee."