Friday, December 6, 2013

Key features of CBEC cadre review as cleared by cabinet

The long awaited CBEC Cadre Restructring Proposal has been approved by Cabinet on 5th December 2013. Central Board of Excise and Customs, an arm of Finance Ministry that implements Indirect Tax Laws for collection of Central Excise Duty , Customs Duty and Service Tax in the country. With this CBEC Cadre Restructuring approval, the present total posts of 66608 will be augmented with additional 18067 posts.

Andhra employees may not get any interim relief

In a big disappointment for nearly 12 lakh government employees and pensioners in the state, the Govt. has reportedly decided not to grant interim relief to them ahead of the tenth pay commission submitting its recommendations.

While the APNGOs had pleaded for 50 per cent of basic pay as interim relief, all other employee associations had sought 45 per cent interim relief of the proposed salary increase. However, according to sources, the finance department told the government that it is 'near impossible' to provide relief which works out to around Rs 12,500 crore.

Thursday, December 5, 2013

Cabinet approved CBEC cadre review

Union cabinet finally approved cadre review of CBEC. The cabinet today approved additional posts as cleared by the committee of secretaries. 
View salient points of cadre review

Wednesday, December 4, 2013

Expected IDA Increase From January 2014 for PSU Employees

The Expected IDA w.e.f. 01-January-2014 may be increased by 4.5% to 5.8% i.e upto from 90.0% to 91.3% depends upon the Average All India Consumer Price Index Number (Industrial Worker) of the months September-2013, October-2013 & November-2013.
The  AICPI of the months Sep'13, Oct'13 &Nov'13 will be declared on 31-October-2013 & 29-November-13 &31-December-2013 respectively. The  AICPI of the months Sep'13 & Oct'13 are 238 & 241 as it is declared on 31-October-2013 & 29-November-2013 respectively. Even if there is no increase in AICPI , there will be IDA Increase by 4.5%. The actual IDA will be declared on 31-December-2013.


AICPI of Sep'13: 238
AICPI of Oct'13: 241

Top 10 Projections:


S.N.
Expected CPI
of Nov'13
Avg. CPI
Projected
Projected
IDA (%)
Projected
IDA Increase (%)
1
240
239.67
89.7
4.2
2
241
240.00
90.0
4.5
3
242
240.33
90.2
4.7
4
243
240.67
90.5
5.0
5
244
241.00
90.8
5.3
6
245
241.33
91.0
5.5
7
246
241.67
91.3
5.8
8
247
242.00
91.6
6.1
9
248
242.33
91.8
6.3
10
249
242.67
92.1
6.6

Sunday, December 1, 2013

ALL INDIA BANK STRIKE PREPONED TO 18th DECEMBER'13 INSTEAD OF 19th

Bank Unions -  UFBU -  in its meeting held on 20th November at Chennai decided to call for one day strike action demanding:
1. Early Wage Revision &
 2. To Stop Banking Reforms

                               It is learnt that the date of one day All India Strike on the call of UFBU has now been preponed to 18th December instead of 19th December

News provided by Mr Mohan P.

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